Iconic investment property in Leland, Michigan, now offered at recently appraised value. Boasting five buildings totaling 9,244 square ft, 18 short term rental units, 4-plus beautiful acres, world class lake views and 200 ft of across-the-road private frontage on North Lake Leelanau, this is a stunning property currently run as a profitable hotel with an average of 4.8 star reviews. The historic 1906 main lodge functions as an innkeeper's quarters and main office/gift shop. Kayak and paddle board rentals are offered at the lakefront. The current operating schedule is mid April to late October but in the past the hotel has operated all 12 months. Detailed list of property and building improvements as well as financials are available upon request. Owner is a licensed real estate agent in the state of Michigan.
For sale
$4,200,000
1757 N Manitou Trl, Leland, MI 49654
22beds
20baths
9,244sqft
:
Get pre-qualified$27,102/mo
Multi Family
Built in 1906
-- sqft lot
$4,187,300 Zestimate®
$454/sqft
$-- HOA
What's special
- 6 days |
- 1,466 |
- 57 |
Zillow last checked:
Listing updated:
Listed by:
Drew Warner 231-559-0351,
Key Realty One-TC 231-559-0351
Source: NGLRMLS,MLS#: 1948996
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 20
Rooms
- Room types: Great Room, Workshop
Heating
- Forced Air, Hot Water, Baseboard, Wall Furnace, Natural Gas, Fireplace(s)
Cooling
- Electric, Multi Units
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Freezer, Exhaust Fan, Electric Water Heater
Features
- Breakfast Nook, Cable TV, High Speed Internet, WiFi
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: Partial,Crawl Space
- Has fireplace: Yes
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 9,244
- Total interior livable area: 9,244 sqft
Property
Parking
- Parking features: Two Car, Drive Under/Built In
Accessibility
- Accessibility features: None
Features
- Levels: Two,One
- Stories: 2
- Patio & porch: Deck, Porch
- Exterior features: Sprinkler System, Dock
- Has view: Yes
- View description: Water
- Water view: Water
- Waterfront features: Inland Lake, All Sports, Sandy Bottom, Stony Bottom, Bluff (greater than 10ft)
- Body of water: North Lake Leelanau
- Frontage type: Priv Frontage (Across Rd)
- Frontage length: 203
Lot
- Size: 4.33 Acres
Details
- Additional structures: Guest House, Other
- Parcel number: 4500901605200
- Zoning description: Residential,Commercial,Rental History
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Lodge,Cottage
- Property subtype: Multi Family
Materials
- Frame, Wood Siding, Shingle Siding
- Foundation: Slab, Stone
- Roof: Asphalt,Membrane
Condition
- New construction: No
- Year built: 1906
- Major remodel year: 2024
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Green energy
- Energy efficient items: Not Applicable
- Water conservation: Not Applicable
Community & HOA
Community
- Features: Lake Privileges, Common Area
- Security: Smoke Detector(s)
- Subdivision: Whaleback Inn
Location
- Region: Leland
Financial & listing details
- Price per square foot: $454/sqft
- Tax assessed value: $672,379
- Price range: $4.2M - $4.2M
- Date on market: 8/6/2026
- Cumulative days on market: 7 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Corporation
- Lease term: Other
Estimated market value
$4,187,300
$3.98M - $4.40M
$1,375/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $4,200,000-11.6%$454/sqft |
Source:  NGLRMLS #1948996 Report a problem | ||
| 5/21/2026 | Listing removed | $4,750,000$514/sqft |
Source: NGLRMLS #1929994 Report a problem | ||
| 4/13/2026 | Price change | $4,750,000-8.7%$514/sqft |
Source: NGLRMLS #1929994 Report a problem | ||
| 2/9/2026 | Price change | $5,200,000-7.1%$563/sqft |
Source: NGLRMLS #1929994 Report a problem | ||
| 1/9/2025 | Listed for sale | $5,600,000$606/sqft |
Source: NGLRMLS #1929994 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 49654
Nearby schools
GreatSchools rating
- 8/10Leland Public SchoolGrades: PK-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Leland Public School District
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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