Here is your chance to own Lost Lake in Schoolcraft County! Lost Lake totals 38 acres in size with a maximum depth of 50 feet. The property would be accessible via ingress/egress easement. The Lost Lake property has a conservation easement in place that is held by the State of Michigan. It is part of The Nature Conservancy’s Northern Great Lake TVs Forest Project. This property is one of a handful of parcels that was specifically set aside and designated for a limited development opportunity. This is your chance to be a part of the historic conservation project known as “The Big U.P. Deal”. The conservation easement encourages the sustainable use of forest resources, the protection of conservation values, and provides opportunities for public recreation in a manner consistent with forest management and recreation conservation. It allows for the development of one single-family structure with associated outbuildings, providing a unique private ownership experience. This property has a large pre-designated “Privacy Zone” that can be posted as private property, where you can build your version of the perfect wilderness getaway. The privacy zone includes approximately 1,700 feet of lake frontage and 70 acres on the western shore. The residual land will remain open to the public for foot traffic for those to enjoy passive recreational pursuits. Don’t miss out on this rare opportunity to be a part of the Upper Peninsula’s historic conservation heritage!