$1,750,000
Devils Lake anchors the Irish Hills, one of southeast Michigan's most established lake recreation corridors. ±1,330-acre, all-sports lake, 45 minutes from Ann Arbor & 20 minutes from Tecumseh via US-12. The offering is a ±8.1-acre lakefront site in Manitou Beach, the lake's commercial hub, w/an option to assemble an additional ±0.9 acres for a total of ±9 acres. The site is offered as-is, supported by a preliminary concept layout & a professional aerial film, in a shoreline market defined by predominantly private residential ownership & very limited developable inventory. Build your own private waterfront estate, compound or develop the site for multiple homes. The parcel is a scalable canvas suited to a high-end lakefront program: concepts range from 11 single-family waterfront home sites to a 30-unit luxury condominium community, w/residential-marina & boardwalk frontage among the design possibilities & the adjoining assembly positioned for a resident clubhouse amenity. Concept Rendering #1: 11 homes + boardwalk marina, home sites around a shared boardwalk & marina basin - the raised-walkway approach the township has favored; Concept Rendering #2: 11 homes, dredged to waterfront, dredge so each of the 11 lot fronts water w/a private dock-canal-style waterfront homes; Concept Rendering #3: lg condominium community, dredge a central marina basin for a larger condominium community - the maximum-density upside. Market data shows new construction waterfront listings on Devils Lake & surrounding lakes have a median SOLD price of $1.2M. Demand is driven by 2nd home & day-trip buyers from Ann Arbor, Toledo, & Jackson, & reinforced by the surrounding amenity base — more than 50 lakes within a 15-mile radius, state parks & hiking trails, wineries, marinas, & the Manitou Beach commercial district itself. For a developer building luxury lakefront product in the Great Lakes region, this is a ground-floor position on one of the last assemblage waterfront parcels of scale on Devils Lake. manitoubeachmichigan.com | manitoubeachmichigan.com/wineries | irishhills.com/irish-hills-recreation/ Concept renderings & video are illustrative only; dredging, marina, & density are subject to feasibility & EGLE / Woodstock Twp approval pursued by the buyer. *Conservation-easement benefits require a qualified appraisal & each party's own tax & legal advisors. Information deemed reliable but not guaranteed. Do NOT walk the property without contacting the Listing Agent first!!
26043589
MLS
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ACTIVE
Status
4020 Round Lake Highway, Manitou Beach