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3 Baths
2,056 sqft

$499,000

512 S Lake Shore Drive, Lake Leelanau MI, 49653

Price per sqft$242.70
Built in1900
Property size2,056 sqft
Property typeMulti-family
Listed by Melanie Schaub with Schaub Team Premier Realty Listing Contact: 231-883-5555

Overview

Active

New

Listed Oct 21, 2026

Updated 23h ago

Explore the potential of this 2.51-acre property ideally located in Lake Leelanau, within walking distance of local restaurants, wineries, distillery, grocery store, school, and church. Zoned R-3 High Density Residential in Leland Township, this property offers an exciting opportunity for investors looking to expand their portfolio or explore future development possibilities. The property currently features three rental units, including one studio-style unit, along with two trailers, each offering 2 bedrooms and 1 bathroom. With its convenient location, existing rental accommodations, and generous acreage, this property offers plenty of potential to generate income, enhance the existing rentals, or investigate future development opportunities. A rare opportunity to invest in the heart of desirable Lake Leelanau! The property has access off both S Lake Shore Drive and St. Joseph Street.

$3,320/mo

Est. mortgage payment based on a $499,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1951814

Interior Features

Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.51 Acres

Other Property Details

Taxes
$2,656
Tax Frequency
Annually
Association Fee Frequency
Yearly
Municipality
Leland
MLS provider logo

Listed by Melanie Schaub with Schaub Team Premier Realty
Listing Contact: 231-883-5555 

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 10/22/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Northern Great Lakes REALTORS® MLS all rights reserved.

Data last updated on 10/22/2026 at 2:41 AM UTC

 

 

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