FINANCE: Dream Retreat Opportunity in Michigan Community! YOUR BID IS YOUR MONTHLY PAYMENT!
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Overview of FINANCE: Dream Retreat Opportunity in Michigan Community! YOUR BID IS YOUR MONTHLY PAYMENT!
Item Details
MONTHLY PAYMENT TERMS: Your winning bid amount becomes Payment 1 of 6. You will make 5 additional equal monthly payments before the land is transferred to you. The Land Price is Your Bid x 6. A 10% discount is available for upfront payment of the full Land Price. The Winning Bidder must comply with the financing provisions outlined in Specimen Installment Payment Contract. A completed and customized IPC containing all applicable provisions will be provided to the Winning Bidder.
Parcel ID: 072-280-000-452-00
Legal Description: LOT 452 PENCIL LAKE NORTH SEC 31 T30N R4W
Acre: 0.39
State: Michigan
County: Otsego
Taxes: Under $3 per month
Approximate Coordinates: 44°57'27.5"N 84°50'02.7"W
Lakes of the North is one of Michigan's largest private residential associations, encompassing more than 10,000 acres across Antrim and Otsego Counties. Home to more than 8,000 privately owned lots, the community is surrounded by pristine forests, scenic trails, and beautiful inland lakes, offering residents the best of Northern Michigan's natural beauty and year-round outdoor recreation just southwest of Gaylord.
This 0.39-acre lot is located Northwood Drive, less than a mile from Pencil Lake and Buhl Lakes.
Residents enjoy an impressive selection of four-season amenities, including an 18-hole championship golf course, a private airport, restaurant and tavern, indoor pool and fitness center, private beaches, sports courts, winter recreation facilities, and miles of trails for hiking, biking, snowmobiling, and cross-country skiing. Combining exceptional recreational opportunities with remarkably affordable assessments, Lakes of the North offers outstanding value in one of Northern Michigan's most desirable locations, just a short drive from Boyne Mountain, Shanty Creek, Torch Lake, and Lake Michigan.
NOTE: The Association's 2026 annual assessment is $387.50 for a primary lot, covering April 1, 2026, through March 31, 2027. As an Annual Assessment Property Owners Association, Lakes of the North requires every lot owner to contribute equally to community upkeep, regardless of development status or amenity use. The buyer is responsible for the assessment for the fiscal year in which the deed is recorded and must register with the Association using the form provided with the recorded deed.
NOTE: The bidder is responsible for confirming with the county planning department that a suitable structure can be built on the lot. All building plans require approval from the Association's Architectural Control Committee. Lots have no water, septic, or electricity; construction requires a private well and sewage system, though electricity may be extended if available in the area. Minimum square footage varies by subdivision. Mobile homes, trailers, camping, storage, and commercial use (including rentals) are prohibited. For full details, see Lakes of the North – Restrictive Covenants, particularly Articles VI and VII.













































































































































