Onekama Homes under $500,000

Onekama Homes under $500,000

Welcome to Onekama, Michigan – a hidden gem nestled in the heart of Manistee County. Known for its breathtaking natural beauty, Onekama offers a serene escape with picturesque views of Portage Lake and Lake Michigan. This charming village is a haven for outdoor enthusiasts, boasting a wealth of recreational activities including fishing, boating, hiking, and biking. The lush landscapes and tranquil surroundings make it an ideal location for those seeking a peaceful lifestyle.

Onekama is characterized by its close-knit community, where friendly neighbors greet you with a smile and local events bring everyone together. The area is rich in history, with quaint shops and delightful eateries reflecting the town’s heritage. Whether you're enjoying a summer festival or a winter wonderland, Onekama's seasonal charm never fails to impress.

For homebuyers looking for affordability without sacrificing quality, Onekama features a variety of homes available for under $500,000. From cozy cottages to spacious family residences, there’s something for everyone. Many of these homes offer stunning views, easy access to outdoor activities, and the opportunity to embrace a relaxed lifestyle.

Investing in Onekama means not just securing a property, but a lifestyle filled with adventure and tranquility. Whether you’re a first-time buyer or looking for a second home, Onekama stands as an excellent choice for those who appreciate the beauty of nature combined with the warmth of a welcoming community. Come explore the possibilities and find your perfect home in this enchanting village!

Newest Onekama Homes under $500,000

7026 Farr Road, Onekama
$399,900
3 Beds ⋅ 2 Baths ⋅ 26047299 MLS ⋅ ACTIVE Status
Set above the charming "Two Lake Town" of Onekama, this 3-bedroom, 2-bath ranch offers privacy, space and a beautiful wooded setting on just over 2.5 acres. The inviting living room features a brick wood-burning fireplace and slider leading to a deck overlooking the surrounding woods—an ideal spot to relax and enjoy the peaceful setting. Open Living /dining/ Kitchen floor plan with wood floors offers a warm & inviting living space. An attached 2-stall garage provides everyday convenience, while the impressive 30' x 40' pole barn offers plenty of room for storage, hobbies, a workshop or recreational toys. Full clean dry basement with storage shelves & laundry adds to the convenience. There is space in mud room off garage entry to relocate the laundry. Located in the heart of Onekama, with both Portage Lake and Lake Michigan nearby, this property offers the best of Northern Michigan living with room to spread out and enjoy it. With the removal of some trees on the property there could be a view of Portage Lake. Bonus feature is a fenced dog run.

7026 Farr Road, Onekama
8807 Lake Park Drive, Onekama
$385,000
3 Beds ⋅ 1 Baths ⋅ 26039980 MLS ⋅ ACTIVE Status
It's all about location with this brick 3 bedroom ranch! On Andy's Point just a block from Portage Lake public access where you can swim, put in your kayak or launch your boat for Portage Lake or Lake Michigan fun. Around the corner from North Point Park for hiking trails & enjoying nature. Freshly painted interior, new roof in 2024, Andersen replacement windows, refrigerator, dishwasher & washer new in 2022. 100x100 corner lot, 2 patios, fenced area & large storage shed for your fishing boat! 18'x15' living room , charming dining nook off kitchen. Family room has full brick wall wood burning fireplace. Main floor laundry. Oversized, attached 2 car garage.

8807 Lake Park Drive, Onekama
8520 Portage Point Drive, Onekama
$189,900
1 Beds ⋅ 1 Baths ⋅ 20261056546 MLS ⋅ ACTIVE Status
Nestled within the historic Portage Point Resort, Beech Loft offers an affordable opportunity to own a condo at one of Northern Michigan's most unique waterfront communities.This thoughtfully updated studio condominium is fully furnished and move-in ready, making it ideal as a personal getaway, short-term rental investment (2026 revenue $25,000+), or combination of both.While compact in size, Beech Loft provides access to resort amenities that feel anything but small—including an infinity pool & hot tub overlooking Portage Lake, marina access (cost), sandy beaches, the Pub & Pizzeria/Cafe, and Lake Michigan just a short 3 minute walk away.Owners enjoy shared balcony lake views, beautiful resort grounds, and all the benefits of Portage Point ownership at one of the most accessible price points in the resort.

8520 Portage Point Drive, Onekama
4990 Main Street, Onekama
$349,000
3 Beds ⋅ 2 Baths ⋅ 26016477 MLS ⋅ ACTIVE Status
Prime M-22 Investment Opportunity in Onekama's ''Two Lake Town''! Located along iconic M-22 Scenic Highway--one of the most celebrated drives in the Midwest--this versatile mixed-use property offers outstanding visibility & endless potential in the charming village of Onekama.Situated in the heart of this unique ''Two Lake Town,'' known for its proximity to both Portage Lake & Lake Michigan , the property features a commercial storefront with excellent exposure to steady seasonal & year-round traffic along M-22. Behind the retail space, you'll find a spacious 3-bedroom home--ideal for owner occupancy, long-term rental, or short-term vacation income. A garage & additional workshop space provide flexibility for storage, hobbies, or business expansion. Whether you're looking to establish a business, create a live/work setup, or invest in one of Northern Michigan's most desirable corridors, this property delivers location, versatility, opportunity all in one. Not to mention easy walk to Portage Lake Park with a Beach & live summer music all summer. Also within walking distance to the well known fine dining Glenwood Restaurant, Historic Blue Slipper Tavern with outdoor dining & regular live music, early Mornings at Lake & Latte cafe or Amigos Mexican Cafe. Short Drive to the Historic Portage Point Inn with Lahey's Pub & the Public Beach at Lake Michigan.

4990 Main Street, Onekama
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