Real Estate Investment Properties for Sale in Lake Leelanau, MI

Looking for investment property in Lake Leelanau, MI with high ROI ?

Explore a variety of short-term homes & houses in Lake Leelanau, MI. Invest wisely with VRBO & Lake Leelanau, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lake Leelanau, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4077 E Yule Tree Lane Lake Leelanau, MI Escape to your own private oasis on 10 rolling acres in highly sought-after Leelanau Count...	4 beds \| 4 baths \| 4,010 sq.ft.	$1,390,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 0.36% Airbnb Rental Income: $3231 Traditional Rental Income: $3835 Airbnb ROI: -0.67% Traditional ROI: 0.36%
4537 E DUCK LAKE ROAD Lake Leelanau, MI Located on the south shore of North Lake Leelanau at the end of a private road just 2.1 mi...	4 beds \| 5 baths \| 3,700 sq.ft.	$3,400,000	Airbnb cash on cash: -1.77% Traditional cash on cash: -1.3% Airbnb Rental Income: $3231 Traditional Rental Income: $3969 Airbnb ROI: -1.77% Traditional ROI: -1.3%
4683 E Water View Drive Lake Leelanau, MI Positioned within the scenic landscape of Leelanau County, this striking Bay Hill property...	5 beds \| 3 baths \| 4,901 sq.ft.	$995,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.83% Airbnb Rental Income: $1680 Traditional Rental Income: $3347 Airbnb ROI: -0.47% Traditional ROI: 1.83%
2481 S SCHOMBERG ROAD Lake Leelanau, MI Set among mature hardwoods in the heart of the Leelanau Peninsula, this private Lindal Ced...	3 beds \| 2 baths \| 1,300 sq.ft.	$875,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 1.34% Airbnb Rental Income: $2146 Traditional Rental Income: $2132 Airbnb ROI: 0.69% Traditional ROI: 1.34%
407 N Twin Pines Drive Lake Leelanau, MI LOCATION, LOCATION, LOCATION. Experience Northern living at its best. This custom built, 3...	4 beds \| 3 baths \| 3,390 sq.ft.	$2,690,000	Airbnb cash on cash: -0.51% Traditional cash on cash: -0.16% Airbnb Rental Income: $3231 Traditional Rental Income: $3378 Airbnb ROI: -0.51% Traditional ROI: -0.16%
2075 S Lake Leelanau Lake Leelanau, MI Just minutes from Lake Leelanau, Suttons Bay, and Leland, this 3-bedroom, 2.5-bath ranch o...	3 beds \| 3 baths \| 1,894 sq.ft.	$799,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 1.32% Airbnb Rental Income: $2146 Traditional Rental Income: $2956 Airbnb ROI: -0.51% Traditional ROI: 1.32%
300 W Philip Street Lake Leelanau, MI Unique investment opportunity in Lake Leelanau to own a versatile commercial/income proper...	2 beds \| 1 baths \| 5,320 sq.ft.	$429,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 2.09% Airbnb Rental Income: $1797 Traditional Rental Income: $1592 Airbnb ROI: 1.39% Traditional ROI: 2.09%

Real Estate investment in Lake-leelanau, MI

There are 7 properties for sale in the city of Lake Leelanau . The median list price in Lake Leelanau is $935,000 and the average price per square foot is $288. In April 2026, the average monthly cash on cash return in Lake Leelanau is 1.00%. The average monthly rental income in Lake Leelanau is $2,956.

Lake-leelanau, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 7 investment properties available for sale in Lake-leelanau.

In 2026, the best neighborhood to buy investment property is Lake Leelanau.

The ROI for Long-Term is higher than the Short-Term in Lake-leelanau with average rental income of $2,956.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Leelanau, MI

4077 E Yule Tree Lane

Lake Leelanau, MI

4 beds | 4 baths | 4,010 sq.ft.

$1,390,000

Airbnb cash on cash: -0.67%

Traditional cash on cash: 0.36%

Airbnb Rental Income: $3231

Traditional Rental Income: $3835

Airbnb ROI: -0.67%

Traditional ROI: 0.36%

4537 E DUCK LAKE ROAD

Lake Leelanau, MI

4 beds | 5 baths | 3,700 sq.ft.

$3,400,000

Airbnb cash on cash: -1.77%

Traditional cash on cash: -1.3%

Airbnb Rental Income: $3231

Traditional Rental Income: $3969

Airbnb ROI: -1.77%

Traditional ROI: -1.3%

4683 E Water View Drive

Lake Leelanau, MI

5 beds | 3 baths | 4,901 sq.ft.

$995,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $1680

Traditional Rental Income: $3347

Airbnb ROI: -0.47%

Traditional ROI: 1.83%

2481 S SCHOMBERG ROAD

Lake Leelanau, MI

3 beds | 2 baths | 1,300 sq.ft.

$875,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 1.34%

Airbnb Rental Income: $2146

Traditional Rental Income: $2132

Airbnb ROI: 0.69%

Traditional ROI: 1.34%

407 N Twin Pines Drive

Lake Leelanau, MI

4 beds | 3 baths | 3,390 sq.ft.

$2,690,000

Airbnb cash on cash: -0.51%

Traditional cash on cash: -0.16%

Airbnb Rental Income: $3231

Traditional Rental Income: $3378

Airbnb ROI: -0.51%

Traditional ROI: -0.16%

2075 S Lake Leelanau

Lake Leelanau, MI

3 beds | 3 baths | 1,894 sq.ft.

$799,000

Airbnb cash on cash: -0.51%

Traditional cash on cash: 1.32%

Airbnb Rental Income: $2146

Traditional Rental Income: $2956

Airbnb ROI: -0.51%

Traditional ROI: 1.32%

300 W Philip Street

Lake Leelanau, MI

2 beds | 1 baths | 5,320 sq.ft.

$429,000

Airbnb cash on cash: 1.39%

Traditional cash on cash: 2.09%

Airbnb Rental Income: $1797

Traditional Rental Income: $1592

Airbnb ROI: 1.39%

Traditional ROI: 2.09%

Real Estate investment in Lake-leelanau, MI

Lake-leelanau, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

How many investment properties are available for sale in Lake-leelanau?

Which neighborhoods in Lake-leelanau to invest in 2026?

Long-Term vs. Short-Term Rentals in Lake-leelanau, Michigan: Which will earn the best returns?

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