Browse All Lake Leelanau MI Under $200K Properties for Sale

1947797 MLS ⋅ Bay Hill BLDG.

Some homes are built around a floor plan, and others begin with a view. This homesite in Bay Hill gives you the opportunity to create a home designed around one of Northern Michigan's most beautiful backdrops, with breathtaking four-season views overlooking Lake Leelanau. Gently level and bordered by mature hardwoods along the western edge, the property offers an ideal setting for designing a custom home that embraces both privacy and the surrounding scenery. Whether you envision walls of windows welcoming the morning sun, a spacious deck for entertaining, or simply a place where your home reflects your own style instead of someone else's, this property provides the canvas to bring that vision to life. Tucked between the villages of Lake Leelanau and historic Leland, just off iconic M-22, you'll enjoy easy access to Fishtown, Lake Michigan beaches, wineries, championship golf, restaurants, and the everyday charm that makes Leelanau County such a special place to call home. Bay Hill is one of the area's most sought-after communities, known for its beautifully maintained homes, underground utilities, and more than 50 acres of shared green space that preserve the natural beauty of the neighborhood. Association amenities also include snow removal and wastewater maintenance, allowing you to spend more time enjoying life Up North and less time worrying about maintenance. If you've been searching for the right location to build your Northern Michigan dream home, this is an opportunity that combines exceptional views, a desirable community, and a lifestyle that will be enjoyed for years to come.

00 E Water View Drive, Lake Leelanau

$125,000

1947698 MLS ⋅ Twin Pine Holding Trust BLDG.

Tucked into the heart of Leelanau County, this 3.28-acre parcel puts you right in the middle of the good stuff. Centerville Boat Launch is just down the road, giving you easy access to Lake Leelanau for boating, fishing, or heading north toward Leland by water. From here, you are minutes from Sleeping Bear Dunes, Glen Arbor, M-22, wineries, beaches, farm stands, and the kind of back road drives that make people fall hard for Northern Michigan. The setting offers space, privacy, and a beautiful natural backdrop without feeling tucked away from everything. Build the year-round home, Up North getaway, or future escape plan you keep casually mentioning like it is not already fully formed in your head. Leelanau County does not make it easy to choose a favorite spot, but this one makes a pretty strong argument.

6244 E Pine Knobb Drive, Lake Leelanau

$125,000

1946513 MLS ⋅ Bay Hill BLDG.

This corner lot is located in the highly sought-after Bay Hill subdivision. Conveniently located between the charming villages of Leland and Lake Leelanau. Thoughtful building and architectural restrictions have preserved the character of this desirable north Michigan community. Enjoy seasonal water views. Underground electric, natural gas, and cable available. Community septic system. Short-term rentals prohibited, maintaining the quiet residential character. Ideal for a year-round home or seasonal up-north retreat. 4 corners are staked. Enjoy close proximity to Leland’s historic Fishtown, waterfront recreation, dining, and shopping. Build your northern Michigan dream home on this exceptional lot and enjoy the perfect blend of privacy, convenience, and natural beauty!

E Water View Drive, Lake Leelanau

$75,000

1946311 MLS ⋅ Bay Hill BLDG.

Bay Hill offers an opportunity to become part of the Leelanau Peninsula lifestyle, with Leland, Lake Leelanau and Suttons Bay just minutes away. Set on 0.57 acres, this homesite captures wide-open countryside views with a subtle glimpse of water, creating a peaceful backdrop for your future home. Spend your days exploring nearby beaches, boating on inland lakes, visiting award-winning wineries, browsing local shops and enjoying the region’s celebrated dining scene. From summer farmers markets and scenic bike rides to colorful autumns and quiet winter escapes, every season brings something to enjoy. Reasonable building guidelines allow flexibility to create a home that fits your vision, whether you're seeking a year-round residence or a Northern Michigan retreat. Surrounded by attractive homes and located within the Leland School District, this property offers a chance to enjoy the natural beauty, slower pace, and welcoming character that make Leelanau County such a special place to call home.

4867 E Water View Drive, Lake Leelanau

$160,000

1944781 MLS ⋅ Bay Hill BLDG.

Some people spend their lives chasing views. Here, with this one, you have the opportunity to make it your's and it's going to be incredible. Set within the prestigious Bay Hill development, this exceptional parcel presents a rare opportunity to craft your dream home, capturing unobstructed four-season views of Lake Leelanau. The gently level building site, framed by mature hardwoods, offers an ideal canvas for a custom residence, with the flexibility for architectural design that fully embraces both lake and countryside vistas. Perfectly positioned between Lake Leelanau and the charming village of Leland, just off iconic M-22, this location embodies the very essence of refined Northern Michigan living. From this setting, you are moments from pristine beaches including Good Harbor and Van’s Beach, along with celebrated wineries, renowned golf courses, exceptional dining, and charming local boutiques throughout Leland, Lake Leelanau, and nearby Suttons Bay. Whether it’s a day on the water, an afternoon on the course, or an evening savoring the region’s finest flavors, the Leelanau lifestyle unfolds effortlessly around you. Surrounded by thoughtfully designed, high-quality homes, Bay Hill is known for its understated elegance, preserved natural beauty, and cohesive sense of place. Residents enjoy underground utilities and an association wastewater system, creating both convenience and a clean, uncluttered landscape. The annual association fee includes snow removal, wastewater maintenance, and the stewardship of over 50 acres of shared natural space. Located just three miles from historic Fishtown in Leland and within easy reach of both Lake Michigan and Lake Leelanau access points, this is a truly special offering defined by its setting, its views, and its potential. A rare slice of Up North, ready to be shaped into something extraordinary.

4763 E Water View Drive, Lake Leelanau

$145,000

1943791 MLS ⋅ Metes And Bounds BLDG.

Zoned Commercial (C-2) in Leland Township, this vacant parcel is located near the heart of Lake Leelanau and has approximately 95' of direct frontage along M204. This is a great location with fantastic visibility for anyone looking to be a part of of the exciting new growth happening in Lake Leelanau. Leland municipal sewer available here - any sewer assessment shall be assumed by the buyer. (Property lines in photographs are approximate.)

V/L W Main Street, Lake Leelanau

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