Why Live in Lake Leelanau
Lake Leelanau in Suttons Bay, Michigan, offers a diverse range of home styles, including log cabins, cottages, split-levels, and Victorians, with many properties featuring private docks and water access. The neighborhood is known for its scenic lakes and outdoor activities, with Grove Park providing a playground and tennis court, and the Narrows Boat Ramp offering kayak and canoe launches. Schneider Beach, located north of town, is a popular shallow swimming spot with a wide sandbar. The area’s wine scene is vibrant, with tasting rooms like Amoritas Vineyard, Boathouse Vineyards, and Soul Squeeze Cellars drawing both tourists and locals. Dining options include Fiddleheads Sandwich Shop, known for its locally sourced ingredients, and Dick’s Pour House, a community staple since 1935. Pedaling Beans Coffeehouse serves a variety of drinks and baked goods. The town’s grocery needs are met by NJ’s Grocery on West Philip Street. Lake Leelanau is 19 miles from Traverse City, with a 30 to 40-minute drive depending on conditions, and Cherry Capital Airport is about 45 minutes away. Students in the area attend the highly rated Leland Public School, which serves kindergarten through high school. The neighborhood is safer than the national average, making it a practical choice for families.
Frequently Asked Questions
Is Lake Leelanau a good place to live?
Lake Leelanau is a good place to live. Lake Leelanau is considered car-dependent and somewhat bikeable. Lake Leelanau has 4 parks for recreational activities. It is sparse in population with 1.0 people per acre and a median age of 54. The average household income is $102,893 which is above the national average. College graduates make up 41.6% of residents. A majority of residents in Lake Leelanau are home owners, with 14.5% of residents renting and 85.5% of residents owning their home. A
local real estate agent serving Lake Leelanau can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Leelanau neighborhood guide.
How much do you need to make to afford a house in Lake Leelanau?
The median home price in Lake Leelanau is $704,500. If you put a 20% down payment of $140,900 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $3,470 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $149K a year to afford the median home price in Lake Leelanau. The average household income in Lake Leelanau is $103K.
What are the best public schools in Lake Leelanau?
The best public schools that serve Lake Leelanau are:
What are the best private schools in Lake Leelanau?
The best private schools that serve Lake Leelanau are:
What are the most popular zip codes in Lake Leelanau, Suttons Bay, MI?
What are the most popular neighborhoods near Lake Leelanau, Suttons Bay, MI?
Are home prices dropping in Lake Leelanau?
Yes, home prices in Lake Leelanau are down 30% in the last 12 months.
Home Trends in Lake Leelanau, MI
On average, homes in Lake Leelanau, Suttons Bay sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Leelanau, Suttons Bay over the last 12 months is $462,500, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$462,500
Median Single Family Sale Price
$700,000
Average Price Per Sq Ft
$532
Number of Homes for Sale
2
Last 12 months Home Sales
2
Median List Price
$704,500
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-17%