A new study shows that Walloon Lake in Northern Michigan has become the most expensive lakefront housing market in the U.S., with an average listing price of $6.44 million. This outpaces Lake Sherwood at $6.15 million and Lake Tahoe at $3.83 million. Within just three months, Walloon Lake’s active listings totaled about $84.7 million, driven by strong interest from buyers in states such as Texas and California. With demand rising, the local real estate market continues to flourish, exhibiting notable year-over-year price growth as luxury lakefront living attracts an increasing number of buyers.
“In a remarkable reveal, Walloon Lake in Northern Michigan has been identified as the most expensive lakefront home market in the United States, as reported in a recent study by Lake Homes Realty. – HERE Novi