Lake Charlevoix Real Estate Search

Lake Charlevoix Properties between $1,000,000 and $1,500,000 for Sale

Our website features the best real estate search for between $1,000,000 and $1,500,000 properties available in Lake Charlevoix and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Lake Charlevoix Properties between $1,000,000 and $1,500,000 for Sale

$1,190,000
480728 MLS ACTIVE Status
Positioned in East Jordan, this turn-key 4-unit townhouse complex built in 2023 offers a high-yield investment with strong existing cash flow and upside potential. Generates $8,700/month with a projected 2026 gross income of $102,400. At the $1,190,000 asking price, this property delivers an attractive 11.62 Gross Rent Multiplier (GRM), outperforming regional market averages for low-maintenance, new-construction multi-family assets. Each unit features high-end finishes, natural gas forced-air heat, central air conditioning, dedicated carports, private rear decks, full appliance packages (new in 2023), and independent utility metering. Three units offer a 3-bedroom, 2.5-bathroom layout with private ensuite bedrooms, while the fourth unit is a 2-bedroom, 2.5-bathroom layout with dual ensuite baths. * **Proven Cash Flow & Stability:** Units 3 and 4 feature long-term, reliable tenants of three years. Other two units have been occupied consistently by different tenants. Units 3 and 4 feature long-term, reliable tenants of three years, while the other two units have been occupied consistently by different tenants. Turn-key options are available, as Unit one and 4 are conveyed fully furnished. For an exit strategy and development upside, the structure was specifically engineered with a 2-hour fire-rated separation wall between units to allow future condo conversion, giving a buyer the option to sell off individual townhomes down the road for maximum capital return. Site plan available upon request. Municipal infrastructure includes a low-maintenance exterior with city water and city sewer service. Seller is a licensed Realtor in the State of Michigan.

710 Water Street, East Jordan

$1,450,000
10 Beds 10 Baths 480358 MLS ACTIVE Status
Welcome to 230 Ferry Avenue, home to the renowned Back Lot Charlevoix, one of Northern Michigan’s most beloved gathering destinations. Perfectly positioned in the heart of downtown and just moments from the waterfront, this exceptional mixed-use property offers a rare opportunity to own a thriving hospitality and entertainment venue with multiple income streams. The vibrant Back Lot has become a local favorite, featuring an inviting collection of food trucks that create a lively, open-air dining experience enjoyed by residents and visitors alike throughout the season. Above and beyond its celebrated atmosphere, the property includes 10 hotel suites, each with short-term rental potential, providing outstanding vacation rental income opportunities. Adding to its appeal is an exclusive private event space boasting stunning water views, creating the perfect backdrop for weddings, rehearsal dinners, corporate gatherings, celebrations, and unforgettable special occasions. Whether guests are enjoying the energy of the courtyard, relaxing in boutique accommodations, or taking in the breathtaking waterfront scenery, every experience reflects the charm and character that make Charlevoix a premier Northern Michigan destination. With its exceptional location, established reputation, diverse revenue opportunities, and unmatched lifestyle appeal, 230 Ferry Avenue represents a truly one-of-a-kind investment in one of Michigan’s most sought-after resort communities.

230 Ferry, Charlevoix

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IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 NM-MLSX.