Between $1 Million - $2 Million Elk Rapids MI Real Estate, Homes, Condos for Sale

1950229 MLS ⋅ Paradise Pines BLDG.

A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

917 S Bayshore Drive, Elk Rapids

$1,750,000

1949292 MLS ⋅ Paradise Pines BLDG.

A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

917 S Bayshore Drive, Elk Rapids

$1,100,000

3 Beds ⋅ 2 Baths ⋅ 1949025 MLS

40 Feet of frontage on Elk Lake. This 3bd/2ba home is located just minutes away from the Harbor Town of Elk Rapids. Close to shopping and dining and the beaches of Lake Michigan. Take off on your boat and explore the entire Chain of Lakes including Lake Skegemog and Torch Lake. Up North Living at it finest!

7489 Terrace Avenue, Elk Rapids

$1,595,000

3 Beds ⋅ 3 Baths ⋅ 1948844 MLS ⋅ N/A BLDG.

Sunset Sanctuary on Birch Lake. Tucked in a quiet area at the end of the street, this 3-bedroom, 3-bath home offers 2,670 finished square feet of thoughtfully crafted, custom-built living space. Step inside to find hardwood floors, vaulted ceilings, and a natural fireplace anchoring the main living space. The kitchen is outfitted with high end appliances and custom cherry cabinets equipped for entertaining lake house guests or enjoying quiet weeknight dinners while watching the sunset. The screened porch extends the living space and offers more time outside. The primary garage features a heated and air-conditioned loft bedroom above. Outside, mature trees, a lush lawn, and gardens frame the property. The waterfront is complete with a dock, sandy shore, and a fire pit for your evening enjoyment. Most furnishings stay. A list of the furniture that does Not stay is in the documents with pictures. The canoe on the waterside porch does not stay, The workbench in the main garage also does not stay. Seller would like to have possession until 11/1/2026. They are building a new house; that is the anticipated occupancy date. P.S...Please watch the video in the listing. You won't be disappointed *A request for showing 8/5-9th seller's have guests, house may not be "perfect"

6501 Timber Lake Drive, Elk Rapids

$1,120,000

3 Beds ⋅ 3 Baths ⋅ 1948635 MLS ⋅ Harbors Watch BLDG.

Beautiful condo with 318 feet of shared frontage on Elk River. Perfect first floor unit with attached garage. Very private end unit. Beautifully decorated. Condo includes 3 bedrooms, with two includes suites. Sunroom, large pantry, covered Trex deck overlooking the river and amazing sunsets. Excellent location with seasonal inground pool.

110 Ames Street Unit #1, Elk Rapids

$1,000,000

3 Beds ⋅ 3 Baths ⋅ 1944167 MLS ⋅ Harbors Watch BLDG.

Rare top-floor, riverfront condo Unit 12 is offering panoramic Elk River views, direct waterfront access, and no neighbors above. Enjoy your private boat slip and access to the community pool, with the entire Chain of Lakes just moments away.Thoughtful upgrades throughout include new furnace and A/C, water heater, WiFi-controlled thermostat, new carpeting, Trex decking, washer/dryer, quartz and granite counter tops and much more.Bright, open, and filled with natural light, this condo offers a peaceful, private feel just minutes from downtown Elk Rapids. The perfect Up North getaway or year-round home this one is a must-see.

110 Ames Street Unit 12, Elk Rapids

$1,305,000

1943836 MLS ⋅ H H Nobles Add To Elk Rapids BLDG.

Rare opportunity to acquire a landmark mixed-use property in the heart of downtown Elk Rapids, Michigan, conveniently located near the harbor. Originally constructed circa 1948 as a bank, this distinctive building retains its historic character, including the original vault, and is now home to the long-standing Mullaly’s 128 Gallery. The gallery features the work of over 200 fine artists and craftsmen from across North America, including pieces by the late Bill Mullaly, and offers an impressive collection of pottery, jewelry, original paintings, wood, glass, and other mixed media. Well known among both locals and visitors, the gallery has earned a reputation for its “Outstanding Glass” and one-of-a-kind artistic offerings. The upper level includes a thoughtfully designed owner’s residence added by the current owner, offering flexible living space with a generous primary suite featuring a jetted tub and walk-in closet, a large guest bedroom, and a den suitable for a variety of uses, including a potential non-conforming third bedroom. One wood-burning fireplace is located within the residence, while a second adds character and ambiance to the gallery addition. The residence also features a spacious private deck, ideal for outdoor living, with views toward the harbor. Additional amenities include a two-car garage and a fenced outdoor area. This offering includes both the real estate and the business, presenting a unique opportunity in a prime downtown location. Inventory will be transferred via a separate bill of sale. To maintain privacy and professional standards, the property is shown by appointment only. Prospective buyers can review local zoning details via the Elk Rapids Village website to explore the full potential of this location.

128 River Street, Elk Rapids

$1,305,000

2 Beds ⋅ 3 Baths ⋅ 1943835 MLS ⋅ H H Nobles Add To Elk Rapids BLDG.

Unique mixed-use opportunity in the heart of downtown Elk Rapids, Michigan, conveniently located near the harbor. Originally constructed circa 1948 as a bank, this distinctive property blends historic character with comfortable residential living. The upper level features a thoughtfully designed owner’s residence offering generous and flexible space, including a primary suite with jetted tub and walk-in closet, a large guest bedroom, and a den suitable for a variety of uses, including a potential non-conforming third bedroom. The residence includes a wood-burning fireplace and a spacious private deck, ideal for outdoor living, with gorgeous harbor views. The main level offers additional space currently used as a gallery, showcasing artwork from over 200 fine artists and craftsmen from across North America. The space features a second wood-burning fireplace and retains unique architectural elements, including the original bank vault, adding to the property’s character. To maintain privacy and professional standards, the property is shown by appointment only. Prospective buyers can review local zoning details via the Elk Rapids Village website to explore the full potential of this location.

128 River Street, Elk Rapids

$1,800,000

1943043 MLS ⋅ Metes & Bounds BLDG.

PREMIER COMMERCIAL DEVELOPMENT PARCEL in prime Elk Rapids location. Unlimited possibilities for this cleared 7-acre parcel in a high traffic location between Traverse City and Charlevoix. City water, sewer and natural gas are at the property. Walkable to downtown Elk Rapids, beaches, dining and more. Just a short drive to Traverse City or go north to Charlevoix. Property is suitable for hotel, senior housing, apartments, office space, retail, and many mixed uses. Elk Lake access is just 400 feet away! If you are looking to invest in northern Michigan this deserves a consideration.

875 Green Street, Elk Rapids

$1,200,000

6 Baths ⋅ 1943032 MLS ⋅ Village Of Elk Rapids BLDG.

Prime Mixed-Use Historic Property | Downtown Elk Rapids Secure a cornerstone of Elk Rapids history with this versatile mixed-use asset. This 8,355-square-foot building is strategically located on the active River Street corridor, offering high-visibility retail and premium residential components. *Property Highlights: • Lower Level: ±4,000 sq. ft. of versatile retail space and two dedicated office suites. • Upper Level: Two modern, fully renovated residential units with elevator access. Units are designed with an interconnecting door for flexible leasing configurations. • Investment Stability: Most of the current tenants are on month-to-month leases, allowing for seamless transition or market-rate adjustments. • Transparency: Full financial disclosures (P&L and Rent Roll) provided upon signed NDA. *Viewing Information: View the Interactive Floor Plan for a realistic view of the interior. All physical tours must be scheduled through the listing agent.

201 River Street, Elk Rapids

$1,190,000

3 Beds ⋅ 3 Baths ⋅ 1942995 MLS ⋅ Harbors Watch BLDG.

Fabulous Elk River waterfront condo living with beautifully appointed first floor unit located in the quaint waterside Village of Elk Rapids! This immaculate, turn-key condominium features a wonderful open floor plan with tasteful décor and thoughtful upgrades throughout. The inviting living room showcases a custom-designed fireplace, creating a warm and welcoming focal point for the space. The kitchen is equipped with Kenmore Elite appliances and a customized counter-height island that offers both functionality and comfortable seating for gathering and entertaining. The spacious primary bedroom offers peaceful water views along with direct access to the private patio, a large walk-in closet, and a spacious private bath. With its thoughtful layout and first-floor convenience, this home offers comfortable and easy waterfront living. Just steps from the in-ground pool and your private boat slip with direct access to Elk Lake, Torch Lake, and the entire Chain of Lakes, making boating, kayaking, and paddleboarding effortless. Located near the charming shops, restaurants, and beaches of downtown Elk Rapids, this is a wonderful opportunity to enjoy Northern Michigan waterfront living. Click on virtual tour link for an incredibly realistic view of the interior!

110 Ames Street Unit 13, Elk Rapids

$1,050,000

6 Beds ⋅ 3 Baths ⋅ 1941095 MLS ⋅ Na BLDG.

Experience Lakeside Luxury at Bass Lake - ALL SPORTS LAKE Welcome to your dream retreat on beautiful Bass Lake, where breathtaking sunset views and premium upgrades create the perfect blend of comfort and elegance. This exceptional property features a 30’ private dock complete with a spacious dock patio, ideal for relaxing evenings by the water listening to the Loons with some sneak peeks of wildlife. Step inside to discover radiant floor heated white oak hardwood floors, a stunning 360-degree fireplace, and remote-controlled shades in the living room—all designed for effortless living and modern style. The gourmet kitchen boasts a large quartz island, butcher block counters, and a Samsung smart refrigerator, delivering both function and sophistication. Additional home upgrades include a Culligan water softener with a Jolie filtered shower head, ensuring top-tier water quality throughout. Wake up every morning to serene lake views in the master suite, highlighted by floor-to-ceiling windows and natural light. Outside, enjoy low-maintenance Trex decking with built-in bench seating, perfect for entertaining or unwinding under the stars. And here’s the big news: Partridge Trail Road is scheduled to be paved Spring/Summer 2026, significantly enhancing accessibility and long-term value. This is more than a home—it’s a lifestyle. Don’t miss the opportunity to own one of Bass Lake’s most thoughtfully updated waterfront properties. This home is located just minutes from downtown Elk Rapids, shopping, restaurants and schools.

8681 Partridge Trail, Elk Rapids

$1,570,000

3 Beds ⋅ 2 Baths ⋅ 1940515 MLS ⋅ Clearwater Shores BLDG.

Elk Lake home with 117’ of Private Frontage in coveted Clearwater Shores! Discover the perfect blend of comfort, beauty, and possibility in this 3-bedroom, 2-bath ranch offering 117 feet of private Elk Lake frontage with a sandy bottom shoreline and breathtaking water views. Nestled on a beautifully landscaped lot with mature trees, this 1,811 sq. ft. home features an inviting open floor plan, a chef’s kitchen with granite countertops, and seamless indoor–outdoor living. The walkout lower level provides excellent additional space and direct access to the lakefront. Enjoy serene mornings, vibrant sunsets, and a quiet natural setting, all just steps from your door. Adjacent to a 100-foot neighborhood public lake access, this property offers the rare combination of privacy, convenience, and incredible potential. Move right in and enjoy lake living as it is—or take advantage of the exceptional lot to build your dream estate on one of Elk Lake’s most desirable shorelines.

10937 Shore Drive, Elk Rapids

$1,250,000

1940250 MLS

Introducing 222 Industrial Park, a prime industrial opportunity in Elk Rapids, MI. This impeccably maintained 18,483 SF building, constructed in 2000, offers a strategic location for manufacturing and industrial operations as well as direct waterfrontage on Bass Lake. Currently a clean manufacturing space, the building boasts heavy power, ample space for production, storage, and office needs. This facility is equipped to support diverse industrial/manufacturing users. With its modern construction and favorable zoning, this property presents an exceptional investment for industrial businesses seeking a reliable, turnkey solution for their operations.

222 Industrial Park Drive, Elk Rapids

$1,300,000

3 Beds ⋅ 2 Baths ⋅ 1940221 MLS ⋅ Birch Lake BLDG.

Direct waterfront very well maintained three bedroom Ranch on Birch Lake. Open layout with fantastic views of the waterfront from the majority of the home. The kitchen is spacious with granite counter tops that are designed for stools at the counter. Soft close cabinets and tasteful appliances. The livingroom has outstanding water views and a natural stone firplace for your cooler evening enjoyment and warmth. The wall of sliders in the livingroom open to the deck and beautifully landscaped lawn complete with hot tub and fire pit area,on the waterside is perferct for entertaining. The sandy beachfront complete with dock offers endless water activities, boating and swimming in the summer and ice fishing in the winter. This is a great location for walking, biking away from traffic, and yet so close to Elk Rapids. The quality throughout and custom decorating of this home shows pride of ownership newly updated. *See complete list in associated documents. This is a move in ready home for year-round living. This home and the surrounding homes have a deed restriction, NO RENTALS ALLOWED. A water test for the entire association was done summer 2025. No problems *THERE IS A VOLUNTARY $100.00 ANNUAL FEE. iT IS USED FOR MOWING OF THE ROADWAY, HOA ASSOCIATED FEES. THE MEETING NOTICE IS PLACED IN YOUR MAILBOX UNTIL AN EMAIL IS PROVIDED.

6641 Timber Lake Drive, Elk Rapids

$1,174,000

2 Baths ⋅ 1939910 MLS ⋅ N/A BLDG.

Prime 5,580 SF single-tenant restaurant building located in the heart of Downtown Elk Rapids. This recently remodeled property features a high-end commercial kitchen, quality interior finishes, and a welcoming outdoor patio area. The inside can accommodate ~100+ guests between dining room and bar seating, and a beautiful patio out front features seating for about 40 more. Positioned along River Street, the town’s main commercial corridor, it offers excellent visibility and foot traffic. The layout supports full-service dining with an efficient back-of-house design, making it ideal for an owner/operator or investor seeking a premium hospitality property. Street parking is available directly in front, with additional public parking nearby. FF&E and liquor license are available and may be negotiated separately. This is a rare opportunity to acquire a fully equipped, turn-key restaurant property with outdoor dining in one of Northern Michigan’s most desirable downtown markets.

151 River Street, Elk Rapids

$1,100,000

1933436 MLS ⋅ Metes & Bounds BLDG.

IDYLLIC ELK LAKE SETTING on 105 feet of gorgeous frontage. Get ready to design and build the home or getaway retreat of your dreams from this newly listed waterfront parcel. Surround yourself with the beauty of Elk Lake from this inviting setting, get ready to create fond memories of “lake living” with your family. The peaceful sounds of the loons and the waves lapping the shore will greet you each morning. End your days around a campfire sharing stories and roasting marshmallows. A quick drive or bike ride from the quaint Village of Elk Rapids, Elk Rapids schools, shopping, dining, golf, recreation activities, beaches and parks. Boating on the Chain-of-Lakes will be your favorite activity where you can explore the miles of shoreline. Take a boat ride into town to have a ice cream cone; spend the mornings fishing on Lake Skegemog; enjoy a day on the Torch Lake sandbar after a leisurely cruise down the Torch River; so many choices!

119 Jackson Street, Elk Rapids

$1,050,000

4 Beds ⋅ 2 Baths ⋅ 1933209 MLS ⋅ Millers Park BLDG.

Charming Vintage Elk Lake Cottage!!! This 4-bedroom, 2-bath getaway offers 125' of sparkling Elk Lake frontage, a cozy stone fireplace, screened-in gazebo, and storage for all your beach gear. Just minutes from downtown Elk Rapids and the Chain of Lakes—relax, explore, and enjoy the best of Northern Michigan lake life! $1,195,000.

879 Millers Park, Elk Rapids

$1,380,000

3 Beds ⋅ 4 Baths ⋅ 1931777 MLS ⋅ Bay Breeze BLDG.

Perched atop Elk Rapids' highest point, this stunning 2025 home redefines luxury with a private elevator and breathtaking views of Lake Michigan, Old Mission Peninsula, downtown, Elk Lake, and marinas. In a prime private neighborhood, it's a 5-minute walk to downtown and Lake Michigan's shores. Perfect for entertaining, this 3,500+ sq ft home features two 300 sq ft PVC-wrapped composite decks. The gourmet kitchen boasts a 48-inch gas cooktop with six burners, a 12-inch griddle, double ovens, a pot filler, wine bar, and a 5 by 10-ft quartz-topped island with chandeliers. Anderson windows showcase water views throughout. A private elevator connects all three floors. The master suite offers his-and-hers closets, a 10 by 30-ft deck, and a spa-like bath with dual vanities, a soaking tub, and a rainfall shower under a chandelier. Built with 2 by 6 walls, foam insulation, a lifetime metal roof, tankless water heater, water softener, and zoned HVAC, this home excels. The oversized 2-car garage is prewired for an EV charger, with an epoxy floor and water access. Each 10 by 30-ft deck has water, electric, and gas outlets, plus security floodlights. In a condo-style community, enjoy irrigation, lawn care, landscaping, and snow removal for $1,000/year. Some images are virtually staged. Elevate your lifestyle in this Elk Rapids masterpiece, blending sophistication and serenity amid natural beauty.

198 Fox Run Drive, Elk Rapids

$1,305,200

2 Beds ⋅ 3 Baths ⋅ 1931751 MLS ⋅ Inwood Harbor No 2 BLDG.

Great waterfront ranch within walking distance to quaint waterside Village of Elk Rapids. Access to private Harbor and canal. Two bedrooms and two baths, great waterside deck to enjoy gorgeous sunsets on 100’ private Grand Traverse Bay sandy frontage.

6337 E Harbor Drive, Elk Rapids

$1,800,000

1930511 MLS ⋅ Metes & Bounds BLDG.

COMMERCIAL DEVELOPMENT SITE. High traffic location between Traverse City & Charlevoix in Elk Rapids. 4+ acres with power and natural gas. Unlimited possibilities!

S US-31, Elk Rapids

$1,515,000

4 Beds ⋅ 3 Baths ⋅ 1928509 MLS ⋅ Inwood Harbor BLDG.

GRAND TRAVERSE BAY – Enjoy gorgeous sunsets from this stately 4BR, 2.5BA custom home on 100’ sandy private frontage located in Inwood Harbor just a short walk/bike ride to the quaint waterside Village of Elk Rapids! Meticulously maintained, expansive waterviews from nearly every room! Vaulted ceilinged living room with two-sided fireplace into the large eat-in kitchen gathering room!! First floor office/den and attached garage! Great location with additional private harbor access directly out to the Bay!

6343 E Harbor Drive, Elk Rapids

$1,799,000

4 Beds ⋅ 3 Baths ⋅ 1927174 MLS ⋅ Metes And Bounds BLDG.

Quality, custom built Lindal Cedar Home w/163' of pristine private frontage on GT Bay with sugar sand beach! Large deck to enjoy the beautiful sunsets and the professional landscaped yard with flowing waterfalls. Spectacular water views from the beautiful custom kitchen w/island, or from the three season sunroom. Adorable loft area for added storage or sleeping nook. The charm of this property continues with the aerial retreat w/wrap around deck and connecting zip line. Finished lower level has space to design an area that fits your lifestyle needs with home office, hobby room, etc. Whole house hook up Nat Gas Generator. Hot tub, dock, 2 jet ski lifts, & a 12ft Hobie Cat sailboat available with sale. Extra two car garage to store your beach toys. Desirable N. Bayshore Drive - call this your home! 4th bedroom in lower level is non-conforming.

7248 N Bayshore Drive, Elk Rapids

$1,250,000

1911519 MLS

Elk Lake living at it's best! This unique property boasts 155' of gorgeous Elk Lake sandy bottom waterfront. Property also has over 550' of historic Donald Ross designed Elk Rapids Golf Course frontage. Waterfront has been professionally landscaped and features stone steps and lakeside stone patio area. This partially wooded 1.6 acres is zoned multi-family and can be developed for up to 4 homes. Take your boat and explore the entire Chain of Lakes, including Torch Lake, or head into the Harbor town of Elk Rapids for dining and shopping. Municipal water and sewer available. This is truly a once in a lifetime opportunity to build that dream home you've always imagined.

726 Golf Course Drive, Elk Rapids

$1,435,000

10 Beds ⋅ 5 Baths ⋅ 1920031 MLS ⋅ Metes & Bounds BLDG.

START DREAMING OF SUMMERS ON THE SHORES OF ELK LAKE! This unique property has so many possibilities for creating memories of a lifetime on Elk Lake. There are currently three cabins and one duplex on the property, which make it ideal for a family retreat. Imagine inviting your family and friends to enjoy summer days boating and swimming on the clear blue waters of Elk Lake. You will have plenty of room to host with three cabins and one duplex on the property, each offering separate living quarters. You will discover 2 bedrooms, 1 bath, a living area and kitchen in each of the units. Each of the baths have been updated with subway tile showers. Your kids and grandkids will love the sand bottom frontage which is perfect for swimming. Mature hardwoods grace the setting and offer plenty of shade. Grab your morning coffee and sit outside while you watch the sunrise over the lake. Hop on your boat for a morning of fishing on Lake Skegemog or venture to Torch Lake for a day on the sandbar. Fabulous location close to the Village of Elk Rapids and just a quick drive to Traverse City, Charlevoix, the Horse Shows and more. Currently used as a rental property. Attached to municipal sewers.

8095 Cairn Highway, Elk Rapids

Browse All Elk Rapids MI Between $1 Million - $2 Million Properties for Sale

Between $1 Million - $2 Million Elk Rapids Real Estate