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7103 Lake View Rdg, Lake Ann, MI, 49650

5beds
6baths
3,936sqft
$2,500,000
$635price/sqft
$15,442/moest. monthly cost
$617,680/yrincome needed

About This Home

Exceptional opportunity to own a modern bed & breakfast on more than 5.5 private wooded acres with 402 feet of water frontage on Lake View, a peaceful no-wake lake. This thoughtfully designed retreat blends natural beauty with contemporary Scandinavian style. Located just one minute from Lake Ann and 15 minutes from Lake Michigan and Sleeping Bear Dunes National Lakeshore, the property offers convenient access to beaches, trails, wineries, breweries, and year-round recreation while maintaining exceptional privacy. The B&B features four identical studio-style guest suites with in-floor heat and high-end finishes, centered around a welcoming lounge where guests gather and relax. A separate guest parking area provides ample parking and easy access. The wooded grounds offer walking trails, abundant wildlife, and expansive private shoreline ideal for kayaking, paddleboarding, and lakeside enjoyment. A charming beach cabana near the water provides additional sleeping space for up to four. The attached owner’s residence includes a main-level kitchen, living room, primary bedroom, bathroom, and heated 30x24 garage with workbench, dog wash sink, and an epoxy-sealed floor. The finished lower level offers two flex rooms, a bathroom, and a spacious living area with walkout French doors to a patio. It is also plumbed for a future kitchen, offering potential for a private guest suite or multi-generational living. The property is properly split for potential future development, and Almira Township allows accessory dwellings, providing long-term flexibility and upside. Whether continuing as a successful bed & breakfast, creating a private family compound, or exploring expansion opportunities, this unique lakefront property offers exceptional versatility in a prime Northern Michigan setting. Click the virtual tour link for an incredibly realistic view of the interior.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

7/10
5/10
6/10

Construction

Condition

  • Year built: 2023

Materials

  • Foundation: Poured Concrete,Slab
  • Roof: Metal/Steel
  • Construction materials: Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Washer,Dryer,Exhaust Fan
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Walk-Out Access,Partial,Finished Rooms,Finished

Bedroom2

  • Level: Main
  • Area: 203.5

Bedroom3

  • Level: Main
  • Area: 203.5

Bedroom4

  • Level: Main
  • Area: 203.5

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 6
  • Main level bathrooms: 5
  • Main level bedrooms: 4

Dining Room

  • Level: Main
  • Area: 288

Family Room

  • Level: Main
  • Area: 162

Features

  • Solid Surface Counters,Vaulted Ceiling(s),WiFi
  • Flooring: Luxury Vinyl Plank
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 960
  • Finished area above ground: 2,976

Heating

  • Heating features: Radiant Floor,Natural Gas,Fireplace(s)

Interior Area

  • Total structure area: 3,936
  • Total interior livable area: 3,936 sqft

Kitchen

  • Level: Main
  • Area: 81

Living Room

  • Level: Lower
  • Area: 451

Master Bathroom

  • Features: Shared

Master Bedroom

  • Level: Main
  • Area: 253

Property

Accessibility

  • Accessibility features: Accessible Doors,Accessible Hallway(s),Main Floor Access,Accessible Entrance,Rocker Light Switch

Details

  • Parcel number: 0101502306
  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Multi-Level Decking
  • Exterior features: Dock
  • Has view: Yes
  • View description: Countryside View,Water
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Inland Lake,Private Lake,No Wake,Sandy Shoreline
  • Waterbody name: Lake View Lk
  • Frontage type: Waterfront
  • Frontage length: 402

Lot

  • Lot size: 5.63 Acres
  • Features: Wooded-Hardwoods,Wooded,Rolling Slope,Metes and Bounds
  • Lot size dimensions: multi

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener,Heated Garage,Concrete Floors,Gravel
  • Has garage: Yes
  • Attached garage spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters in Benzie County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,641$151,692
Home Insurance *$768$9,216
Property Taxes $1,604$19,248
Electricity $429$5,151
Total$15,442$185,304
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$529,440/yr
40% on housing$463,260/yr
45% on housing$411,786/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$635This listing

vs Other Active Listings

Avg $/sqft

ZIP 49650$303
Benzie County$258

vs Homes Sold Last Month

Median $/sqft

ZIP 49650$394
Benzie County$298

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-04Listed for sale$2,500,000

For Sale by Agent

AgentMark Hagan
BrokerageColdwell Banker Schmidt Traverse City

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