Presenting a lovely vacant parcel located in Bay Hill. Conveniently situated between the villages of Leland and Lake Leelanau, Bay Hill subdivision is a popular residential community, well-known for its northwesterly views of Lake Michigan and Lake Leelanau. Common sense building and architectural restrictions have helped to shape this neighborhood into a desirable place to build your northern Michigan dream. This particular offering is located on the eastern side of Bay Hill, just before ascending into the central loop of the subdivision. Distant water views are available at grade from both the northern and southern edges of the property - improved views would likely be available on the second level of a future home. The natural topography of the site suggests opportunities for a walkout basement or a lower level garage. A heavily wooded common area is directly adjacent to this parcel, to the south, ensuring shade, privacy, and protection for your investment. Enjoy the delight of walking out your back door into the woods and the adjacent grassy fields, which are for Bay Hill residents only. *Underground electric, natural gas, cable, and an association septic field are available here. (Property lines in photographs are approximate.)
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Schmidt-Leland
Office Phone: (231) 256-9836
Listing Agent: Carolyn Telgard
Lot Features
Lot Information:
Lot: Cleared, Sloped
Lot Size: 0.59 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $79,900
Tax Information:
Annual Amount: $878
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Name: Aspire North REALTORS
MLS Number: #78080051084
Listing Office:
Office Name: Coldwell Banker Schmidt-Leland
Office Phone: (231) 256-9836
Listing Agent: Carolyn Telgard
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$466
Per Month
Principal & Interest
$399
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$306
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Suttons Bay Elementary School
310 S Elm St
Distance between this listing and this school5.21 miles
Public District Grades KG-5
7
/10
Old Mission Peninsula School
2699 Island View Rd
Distance between this listing and this school14.17 miles
Public Charter Grades KG-6
7
/10
Willow Hill Elementary School
1250 Hill St
Distance between this listing and this school16.19 miles
Public District Grades PK-5
Nearby Schools
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school17.25 miles
Public District Grades PK-7
7
/10
Traverse City West Middle School
3950 Silver Lake Rd
Distance between this listing and this school17.97 miles
Public District Grades 6-8
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school19.03 miles
Public District Grades 6-8
Nearby Schools
8
/10
Leland Public School
200 N Grand Ave
Distance between this listing and this school2.23 miles
Public District Grades PK-12
8
/10
Suttons Bay Middle/High School
PO Box 367 500 South Elm St,
Distance between this listing and this school5.18 miles
Public District Grades 6-12
3
/10
Suttons Bay Virtual School
310 S Elm St
Distance between this listing and this school5.21 miles
The neighbors living near this home have an average income of $51,799. The majority of Leelanau County, MI residents have income between $35k-100k annually. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4868 E Water View Dr
What is the listing price of this property?
The listing price of 4868 E Water View Dr property is $79,900.
What type of property is this?
The property 4868 E Water View Dr is land located in Lake Leelanau, Michigan, 49653.
Is this property for sale now?
Active Listing: 4868 E Water View Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $878 (source: MLS/based on county public records data).
How much acreage is this property?
The property 4868 E Water View Dr is 0.59 acres.
Interested in 4868 E Water View Dr? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 4868 E Water View Dr in Lake Leelanau, MI and zip code 49653. This home sits on a 0.59 acre lot. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $79,900.
While more than 0 listings in Leelanau County, MI in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 11 were sold below. Between October 2024 and November 2024, Leelanau County, MI real estate market has seen decrease in the number of listings by 22.6%. In November 2024 median list price was $599,000 and the average listing age was 62 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dollar General
Dick's Sporting Goods
Cracker Barrel
Applebees
Texas Roadhouse
Cadillac
Subaru
Ram
News/Talk/Information
Classic Country
New Country