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29.86 Acres Lot
$ 2,995,000
Est. payment | /mo
29.86 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 78080072124
Lot Size 29.860 Acres
Acres 29.86
Property Description
Reaching out into Lake Michigan, there's a peninsula of land, in between Suttons Bay, a safe harbor, & the west arm of Grand Traverse Bay, known as Stony Point. Long revered for it's prime agricultural lands, where the fruit that's grown here can "look at the water", a term used for decades referring to the tempering effect the nearby lake water has to protect orchards from early frosts & helps during the cold winter months to allow the trees to maintain a state of dormancy. This incredibly special, nearly 30 acre offering is situated near the tip of said Stony Point & has been part of the agricultural landscape for generations. It's ready to be passed down to new owners who are looking for any number of future uses. With almost 300' of private frontage on Suttons Bay, 283' per a recent survey & with gently rolling topography & level areas, some with water views, this property could be a spectacular estate parcel! The underlying agricultural zoning allows a multitude of uses by right, conditions, or special use including continued farming, single family dwellings, B&B's, agricultural support industries, equestrian uses & more. Continue to benefit from the 15 acre cherry orchard from an income/property tax standpoint while contemplating future uses. Orchard was planted around 2015, is well maintained, with it production beginning to reach full potential. Wineries & cideries are also allowed & with frontage on 2 county roads (Stony Point and Norris Road) there's certainly development potential here. Discussing options with the zoning administrator is encouraged to determine potential uses. The adjoining 14.98 acres is for sale too, listed for 650K should you want almost 45 acres. The seller would like to sell both together, listed at $3,595M, or would require simultaneous closing if this, and the northern parcel are sold to separate buyers. Possible owner financing.
Location
State MI
County Leelanau
Area Area45031Suttonsbaytwp
Interior
Fireplace No
Exterior
Waterfront Description AllSportsLake, WaterAccessRights, Waterfront, SandyBottom
View Y/N No
Building
Lot Description Cleared, WaterView, RollingSlope, Sloped, ManyTrees, Wooded
Sewer None
Water None
New Construction No
Schools
School District Suttons Bay
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition Standard
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Listed by Robert F Serbin of Serbin Real Estate
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