In an unprecedented year for vacation real estate, these were the top 10 Lake Michigan home sales

In an unprecedented year for vacation real estate, these were the top 10 Lake Michigan home sales
This home at 711 N. Shore Drive in South Haven sold for $5 million. <strong> Courtesy MichRIC </strong>

The real estate market in Michigan’s vacation counties was white-hot this year, with homes selling for as much as $100,000 over asking price.

Nowhere was that truer than on Lake Michigan, where wealthy buyers — often from outside of Michigan — fought for limited inventory near the state’s most coveted natural resource. The lakefront market represented an amplified version of the housing crunch throughout Michigan, where multiple bidders and all-cash offers were temporarily the norm.

These were the most expensive homes sold on Lake Michigan in 2022 from the Indiana state line north to Petoskey.

Read the full story from Crain’s Detroit Business.