NOT LISTED FOR SALE

5307 S Lake Shore Dr Cedar, MI 49621

Estimated Value: $2,595,653

12.01 Acres
$216,124 Price per Acre
523,156 Sq Ft Lot

Last Sold March 11, 2016

Last sale price $600,000

Est. 333% increase in value since last sale

Current estimated payment $14,512/month

3 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Pole Barn
  • Deeded Waterfront Access Rights
  • Wooded Lot
  • Garage

About This Lot

As of March 2016

Beautiful 12 acre parcel with 347' of waterfront on South Lake Leelanau. Land has been cleared, driveway, and well installed but not connected to pole barn. Septic drain field, pipes and main connection installed, needs tanks with alternative septic system to finish (septic permit needs to be renewed). Includes 2300 sq. ft. timber frame pole barn made with Brazilian wood timbers and hand made cedar shakes from Cedar trees harvested on the property. Kitchen with range, bathroom with shower, toilet, water heater and pressure tank ready for hook up. Has huge second story loft. Property also features aluminum boardwalk and dock. Electric and propane are installed. Area cleared for main residence. Septic approved for 3 bedroom home plus the pole barn.

Last Agent to Sell the Property

Kimberly Bork

Venture Property LLC License #6502428855 Listed on: 01/29/2016

Last Buyer's Agent

Kimberly Bork

Venture Property LLC License #6502428855 Listed on: 01/29/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,013

Lot Details

  • 12.01 Acre Lot
  • Lot Dimensions are 338x1357x347x1563
  • Private Waterfront
  • 347 Feet of Waterfront
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Parking

  • Garage

Utilities

  • Well
  • Engineered Septic
  • Private or Community Septic Tank

Additional Features

  • Water Views
  • Mineral Rights

Community Details

  • Water Sports
  • Deeded Waterfront Access Rights
  • Private Dock
  • Pole Barn

Property Details

Property Type

Land

Est. Annual Taxes

$9,013

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Section Number: 23
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 49958.37
  • Range: R 12W

Exterior Features

  • Body Of Water: South Lake Leelanau
  • Exterior Features: Pole Building, Garage(s)
  • Number Of Acres: 12.01
  • Road: Public Maintained, Blacktop
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, All Sports, Soft Bottom, Vegetation To Water Edge, Private Dock
  • Waterfront Frontage: 347

Utilities

  • Utilities Available: Electric, Natural Gas
  • Waste Available: Engineered Septic, Private Septic
  • Waste Installed: Private Septic
  • Water Available: Private Well
  • Water Installed: Private Well

Schools

  • School District: Glen Lake Community Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Some Lowland Areas, Hardwoods, Cleared, Wooded, Evergreens
  • Lot Dimensions: 338x1357x347x1563
  • Mineral Rights: To Pass With Title, Unknown
  • Zoning Use Restrictions: Residential, Horses Allowed, Metes And Bounds, Splits Available, Grazing, Tillable, Outbuildings Allowed

MLS Schools

  • School District: Glen Lake Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2003
Sold by
Duff Robert M
Bought by
Korson John A and Korson Dora A
Current Estimated Value
$2,595,653
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Korson John A $370,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2016 03/11/16 Sold $600,000 0.0% --
02/01/2016 02/01/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $600,000 -- --
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,013 $1,002,100 $0 $0
2024 $5,081 $909,700 $0 $0
2023 $4,865 $689,800 $0 $0
2022 $8,382 $632,100 $0 $0
2021 $7,913 $612,800 $0 $0
2020 $8,195 $491,200 $0 $0
2019 $7,708 $459,300 $0 $0
2018 -- $398,600 $0 $0
2017 -- $399,600 $0 $0
2016 -- $364,100 $0 $0
2015 -- $355,400 $0 $0
2014 -- $367,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Bork

    Seller's Agent in 2016

    Kimberly Bork

    Venture Property LLC

    (231) 631-2119

    132 Total Sales

    Kimberly Bork
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1811354

Northern Great Lakes REALTORS® MLS

APN: 002-023-010-70

Michigan Leelanau County Cedar 49621

5307 S Lake Shore Dr, Cedar, MI

This home is located at 5307 S Lake Shore Dr, Cedar, MI 49621 since 29 January 2016 and is currently estimated at $2,595,653. 5307 S Lake Shore Dr is a home located in Leelanau County with nearby schools including Glen Lake Community Schools and Glen Lake Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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