Real Estate Investment Properties for Sale in Watersmeet, MI

Looking for investment property in Watersmeet, MI with high ROI ?

Explore a variety of short-term homes & houses in Watersmeet, MI. Invest wisely with VRBO & Watersmeet, 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 Watersmeet, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3018 W Duck Lake Rd Watersmeet, MI 5.77 acres and 255 feet of gorgeous Duck Lake frontage is adjacent to Sylvania Wilderness ...	2 beds \| 2 baths \| 2,359 sq.ft.	$849,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.09% Airbnb Rental Income: $null Traditional Rental Income: $2338 Airbnb ROI: N/A Traditional ROI: 1.09%
3504 Yakel Dr Watersmeet, MI Charming updated year 'round cottage on Spectacular Thousand Island Lake; the "Jewel of Th...	2 beds \| 1 baths \| 480 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.97% Airbnb Rental Income: $null Traditional Rental Income: $1275 Airbnb ROI: N/A Traditional ROI: 1.97%
3628 Channel Rd Watersmeet, MI Discover Northwoods living at its finest on Thousand Island Lake, part of the renowned Cis...	3 beds \| 3 baths \| 1,946 sq.ft.	$624,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $3112 Airbnb ROI: N/A Traditional ROI: 3.47%
18751 Big Lake Rd Watersmeet, MI Experience unparalleled luxury on the legendary Cisco Chain of Lakes. Tucked away on 5.65 ...	3 beds \| 2 baths \| 6,879 sq.ft.	$3,250,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.33% Airbnb Rental Income: $null Traditional Rental Income: $4113 Airbnb ROI: N/A Traditional ROI: -0.33%
23493 Twist Rd Watersmeet, MI Hot tub not working.Buyer to verify all MLS measurements and information. Taxes are subjec...	4 beds \| 3 baths \| 4,893 sq.ft.	$1,295,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.2% Airbnb Rental Income: $null Traditional Rental Income: $3337 Airbnb ROI: N/A Traditional ROI: 1.2%
5800 Wolf Rd Watersmeet, MI MICHIGAN 51 +/- ACRE WATERFRONT PARCEL FOR SALE! This property is located in Watersmeet To...	N/A beds \| N/A baths \| N/A	$748,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.88% Airbnb Rental Income: $null Traditional Rental Income: $1244 Airbnb ROI: N/A Traditional ROI: -0.88%
24135 BEAVER STATION RD Watersmeet, MI Impressive Northwoods estate on scenic Kvidera Lake in Watersmeet, MI! This spacious 5BR, ...	5 beds \| 4 baths \| N/A	$405,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.29% Airbnb Rental Income: $null Traditional Rental Income: $4868 Airbnb ROI: N/A Traditional ROI: 9.29%
TBD W Tamarack Lake Rd Lot 5 Watersmeet, MI TBD W Tamarack Lake Rd Lot 5, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.7% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 2.7%
OFF Forest Rd 3979 #431AC Watersmeet, MI OFF Forest Road 3979 #431AC, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$478,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.75% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: -0.75%
2468 Boat Landing Rd Watersmeet, MI 2468 Boat Landing Rd, Watersmeet, MI 49912 \| Other	N/A beds \| N/A baths \| N/A	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.23% Airbnb Rental Income: $null Traditional Rental Income: $947 Airbnb ROI: N/A Traditional ROI: 7.23%
4 AC on Bass Lake Rd Watersmeet, MI 4 AC on Bass Lake Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 3.85%
23535 Sucker Lake Rd #4, 6A, 6B Watersmeet, MI 23535 Sucker Lake Rd #4, 6A, 6B, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$169,950	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 2.4%
TBD Sucker Rd Watersmeet, MI TBD Sucker Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$169,950	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 2.4%
5800 Wolf Lake Rd Watersmeet, MI 5800 Wolf Lake Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$748,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.42% Airbnb Rental Income: $null Traditional Rental Income: $869 Airbnb ROI: N/A Traditional ROI: -1.42%
5140 W Langford Lake Rd Watersmeet, MI Upper Michigan Waterfront Home for Sale! Seclusion in the Northwoods! Charming 2BR 1BA hom...	2 beds \| 1 baths \| 1,920 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.52% Airbnb Rental Income: $null Traditional Rental Income: $1692 Airbnb ROI: N/A Traditional ROI: 4.52%
6075 East Beatons Rd Watersmeet, MI BEATONS LAKE COTTAGE/CABIN - GOGEBIC COUNTY MICHIGAN: Here is your opportunity to be on th...	3 beds \| 1 baths \| 1,138 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.3% Airbnb Rental Income: $null Traditional Rental Income: $1998 Airbnb ROI: N/A Traditional ROI: 7.3%
E 19481 Eagle Dr Watersmeet, MI Newly built cabin in the woods....with its own pond. Sitting on 11.4 acres with mature Map...	1 beds \| 1 baths \| 720 sq.ft.	$386,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.99% Airbnb Rental Income: $null Traditional Rental Income: $1946 Airbnb ROI: N/A Traditional ROI: 3.99%
436 Federal Forest 3920 Rd Watersmeet, MI 436 Federal Forest 3920 Rd, Watersmeet, MI 49935 \| Single Family Residential	N/A beds \| N/A baths \| 576 sq.ft.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $1083 Airbnb ROI: N/A Traditional ROI: 6.06%
N2862 Forest Road 6320 Rd Watersmeet, MI Duck Lake - A Private Upper Peninsula Retreat. Experience pure tranquility & seclusion on ...	4 beds \| 2 baths \| 6,417 sq.ft.	$2,900,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.31% Airbnb Rental Income: $null Traditional Rental Income: $3392 Airbnb ROI: N/A Traditional ROI: -1.31%
E24934 Grass Lake Rd E Watersmeet, MI Peace and serenity await you on the shores of quiet Grass Lake in Watersmeet, MI. This 2-b...	2 beds \| 1 baths \| 1,396 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.93% Airbnb Rental Income: $null Traditional Rental Income: $2546 Airbnb ROI: N/A Traditional ROI: 5.93%
N1601 Crystal Lake Rd Watersmeet, MI Welcome to Crystal Lake, where stunning water views, thoughtful updates, and flexible livi...	4 beds \| 2 baths \| 3,812 sq.ft.	$769,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $3272 Airbnb ROI: N/A Traditional ROI: 2.55%
19960 Thousand Island Lake Rd Watersmeet, MI 19960 Thousand Island Rd, Watersmeet, MI 49969 \| Single Family Residential	7 beds \| 5 baths \| 10,388 sq.ft.	$2,390,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.33% Airbnb Rental Income: $null Traditional Rental Income: $4974 Airbnb ROI: N/A Traditional ROI: -0.33%
N2862 Forest Rd 6320 Watersmeet, MI N2862 Forest Rd 6320, Watersmeet, MI 49969 \| Single Family Residential	4 beds \| 2 baths \| 3,736 sq.ft.	$2,900,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.64% Airbnb Rental Income: $null Traditional Rental Income: $2491 Airbnb ROI: N/A Traditional ROI: -1.64%
Off Boy Scout Island Rd Watersmeet, MI Off Boy Scout Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$89,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 6.64%
TBD Off Rifle Range Rd Watersmeet, MI TBD Off Rifle Range Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$59,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.75% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 10.75%
5 AC Sylvan Isle Dr Watersmeet, MI 5 AC Sylvan Isle Dr, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.29% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 0.29%
1780 Sugarbush Rd Watersmeet, MI 1780 Sugarbush Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.1% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: -0.1%
ON Beatons Lake Rd Watersmeet, MI ON Beatons Lake Rd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.3% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 1.3%
Lot 1 County Line Lake Xrd Watersmeet, MI Lot 1 County Line Xrd, Watersmeet, MI 49969 \| Other	N/A beds \| N/A baths \| N/A	$98,800	Airbnb cash on cash: N/A Traditional cash on cash: 5.77% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 5.77%
5264 Langford Lake Rd Watersmeet, MI 5264 Langford Lake Rd, Watersmeet, MI 49969 \| Single Family Residential	2 beds \| 1 baths \| 1,321 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.45% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 2.45%
23795 Crystal Lake Rd Watersmeet, MI 23795 Crystal Lake Rd, Watersmeet, MI 49969 \| Single Family Residential	1 beds \| 1 baths \| 680 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.31% Airbnb Rental Income: $null Traditional Rental Income: $1064 Airbnb ROI: N/A Traditional ROI: 1.31%
19792 Thousand Island Rd Watersmeet, MI 19792 Thousand Island Rd, Watersmeet, MI 49969 \| Single Family Residential	3 beds \| 3 baths \| 1,507 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.89% Airbnb Rental Income: $null Traditional Rental Income: $2643 Airbnb ROI: N/A Traditional ROI: 0.89%

Real Estate investment in Watersmeet, MI

There are 54 properties for sale in the city of Watersmeet . The median list price in Watersmeet is $60,000 and the average price per square foot is $21. In October 2026, the average monthly cash on cash return in Watersmeet is 3.00%. The average monthly rental income in Watersmeet is $1,260.

Watersmeet, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 54 investment properties available for sale in Watersmeet.

The ROI for Short-Term is higher than the Long-Term in Watersmeet with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Watersmeet, MI

3018 W Duck Lake Rd

Watersmeet, MI

2 beds | 2 baths | 2,359 sq.ft.

$849,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2338

Airbnb ROI: N/A

Traditional ROI: 1.09%

3504 Yakel Dr

Watersmeet, MI

2 beds | 1 baths | 480 sq.ft.

$279,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.97%

Airbnb Rental Income: $null

Traditional Rental Income: $1275

Airbnb ROI: N/A

Traditional ROI: 1.97%

3628 Channel Rd

Watersmeet, MI

3 beds | 3 baths | 1,946 sq.ft.

$624,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.47%

Airbnb Rental Income: $null

Traditional Rental Income: $3112

Airbnb ROI: N/A

Traditional ROI: 3.47%

18751 Big Lake Rd

Watersmeet, MI

3 beds | 2 baths | 6,879 sq.ft.

$3,250,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.33%

Airbnb Rental Income: $null

Traditional Rental Income: $4113

Airbnb ROI: N/A

Traditional ROI: -0.33%

23493 Twist Rd

Watersmeet, MI

4 beds | 3 baths | 4,893 sq.ft.

$1,295,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.2%

Airbnb Rental Income: $null

Traditional Rental Income: $3337

Airbnb ROI: N/A

Traditional ROI: 1.2%

5800 Wolf Rd

Watersmeet, MI

N/A beds | N/A baths | N/A

$748,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.88%

Airbnb Rental Income: $null

Traditional Rental Income: $1244

Airbnb ROI: N/A

Traditional ROI: -0.88%

24135 BEAVER STATION RD

Watersmeet, MI

5 beds | 4 baths | N/A

$405,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.29%

Airbnb Rental Income: $null

Traditional Rental Income: $4868

Airbnb ROI: N/A

Traditional ROI: 9.29%

TBD W Tamarack Lake Rd Lot 5

Watersmeet, MI

N/A beds | N/A baths | N/A

$135,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.7%

Airbnb Rental Income: $null

Traditional Rental Income: $776

Airbnb ROI: N/A