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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Suttons Bay offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Suttons Bay, MI sits on the shores of Grand Traverse Bay in the heart of Michigan wine country, drawing visitors for lakefront vacations, vineyard tours, and charming small-town experiences. With an average annual revenue of $68,708 across just 51 active listings, the market offers meaningful earning potential — though a high average home value of $1,053,134 means investors need to underwrite carefully. An ADR of $477 runs well above the $350 Michigan state average, reflecting strong guest willingness to pay a premium for this scenic destination. The market's 67/100 ROI score places it in the "Attractive Opportunity" tier, supported by above-average occupancy stability and growth trends.
According to Rabbu market data, the Suttons Bay short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 51 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $477 |
| Average Occupancy Rate | vs. 42% state avg. | 22% |
| RevPAN | ADR * Occupancy Rate | $103 |
| Average Monthly Revenue | Historical 12-month average | $5,725 |
| Average Annual Revenue | Historical 12-month average | $68,708 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Investors are drawn to Suttons Bay for its premium nightly rates, concentrated summer demand, and lakefront lifestyle appeal that commands above-average pricing power in Michigan's short-term rental landscape.
Key investment factors
"Suttons Bay presents a compelling but seasonal investment opportunity — the spread between peak-month revenue ($15,696 in July) and winter lows (around $1,581 in February) is dramatic, so investors should plan for several lean months each year. The market's strength lies in its premium positioning: high ADRs, above-average occupancy stability, and a growth trend that signals rising visitor interest in the Leelanau Peninsula. Supply/demand balance scores below average, reflecting the 76% year-over-year listing growth that could intensify competition over time. Investors who target well-located 3-bedroom properties — the top revenue earners at $81,530 annually — and manage pricing strategically through the shoulder seasons stand to benefit most."
— Rabbu Market Analysis Team
Suttons Bay exhibits extreme seasonality — July leads at $15,696 in average monthly revenue, nearly ten times the February low of $1,581. The June-through-September stretch generates the vast majority of annual income, making cash reserve planning for the November-through-April off-season essential for investors.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$2,064 |
| February |
|
$1,581 |
| March |
|
$1,809 |
| April |
|
$2,463 |
| May |
|
$5,059 |
| June |
|
$8,214 |
| July |
|
$15,696 |
| August |
|
$14,399 |
| September |
|
$7,182 |
| October |
|
$5,609 |
| November |
|
$2,568 |
| December |
|
$2,058 |
Supply is distributed fairly evenly across 1- to 5-bedroom properties, with 3-bedroom listings holding a slight edge at 12 units. The relatively balanced spread means no single property size is dramatically underserved, though the smaller total inventory of just 51 listings keeps competition manageable across all sizes.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
9 |
| 2 bedrooms |
|
10 |
| 3 bedrooms |
|
12 |
| 4 bedrooms |
|
10 |
| 5 bedrooms |
|
7 |
ADR scales steeply with size in Suttons Bay: 5-bedroom properties command $808 per night — more than 3.6 times the $222 rate for 1-bedroom units. The 3-bedroom tier at $487 offers a compelling middle ground, delivering a strong nightly rate without the higher acquisition and maintenance costs of larger homes.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$222 |
| 2 bedrooms |
|
$246 |
| 3 bedrooms |
|
$487 |
| 4 bedrooms |
|
$426 |
| 5 bedrooms |
|
$808 |
Three-bedroom properties deliver the highest RevPAN at $97, followed closely by 4-bedroom units at $92, indicating these mid-size configurations best balance nightly rate with booking frequency. Five-bedroom listings drop to $64 RevPAN despite their high ADR, suggesting their low 8% occupancy significantly erodes per-night revenue potential.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$74 |
| 2 bedrooms |
|
$63 |
| 3 bedrooms |
|
$97 |
| 4 bedrooms |
|
$92 |
| 5 bedrooms |
|
$64 |
Occupancy falls notably as property size increases — 1-bedroom units lead at 34%, while 5-bedroom homes fill just 8% of available nights. This pattern suggests smaller properties offer more consistent cash flow, while larger homes depend heavily on peak-season bookings to generate their revenue.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
34% |
| 2 bedrooms |
|
26% |
| 3 bedrooms |
|
20% |
| 4 bedrooms |
|
22% |
| 5 bedrooms |
|
8% |
Three-bedroom listings top the monthly revenue chart at $6,794, edging out 5-bedroom properties at $6,320 despite a much lower nightly rate — a testament to their stronger occupancy. One-bedroom units bring in $3,506 per month, roughly half of the top-earning tier, making them better suited for lower-cost entry points.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$3,506 |
| 2 bedrooms |
|
$4,678 |
| 3 bedrooms |
|
$6,794 |
| 4 bedrooms |
|
$5,037 |
| 5 bedrooms |
|
$6,320 |
At $81,530 per year, 3-bedroom properties offer the strongest annual revenue in Suttons Bay, outperforming even 5-bedroom homes ($75,842) by nearly $6,000. Two-bedroom units generate $56,140 annually, while 4-bedroom properties land at $60,449 — suggesting the 3-bedroom configuration hits the sweet spot for return potential in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$42,073 |
| 2 bedrooms |
|
$56,140 |
| 3 bedrooms |
|
$81,530 |
| 4 bedrooms |
|
$60,449 |
| 5 bedrooms |
|
$75,842 |
Parking dominates at 98% prevalence, followed by kitchens (88%) and self check-in (82%), reflecting a guest base that expects vacation-home conveniences and independence. Notably, 43% of listings offer lake access and 41% feature waterfront or beach access — these water-oriented amenities likely serve as key differentiators that can justify premium pricing in this lakeside market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
88% |
| Self Check-in |
|
82% |
| Washer |
|
80% |
| Dryer |
|
80% |
| Patio or Balcony |
|
78% |
| BBQ Grill |
|
71% |
| Outdoor Furniture |
|
71% |
| Backyard |
|
65% |
| Workspace |
|
57% |
| Lake Access |
|
43% |
| Beach Access |
|
41% |
| Waterfront |
|
41% |
| Pets |
|
29% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Suttons Bay Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Below average | 15% |
Suttons Bay's ROI score of 67 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where healthy demand and premium pricing create real income potential relative to property costs. The score is bolstered by above-average occupancy stability and market growth trends, though a below-average supply/demand balance — driven by the 76% jump in active listings — tempers the outlook slightly. Investors should pair this data with thorough local regulatory research and a clear seasonal cash-flow strategy to make the most of this market's strengths.
Understanding local STR regulations is essential before investing in Suttons Bay. Here's the current regulatory landscape:
Suttons Bay and Leelanau County in Michigan may require short-term rental permits or registration depending on township-level regulations. Investors should verify current permit requirements directly with the Suttons Bay Village offices and Leelanau County planning department before listing a property.
Common restrictions in Michigan lakefront communities can include occupancy limits tied to bedroom count, minimum-night stay requirements (especially during off-season), noise ordinances, and parking limitations on residential streets. HOA covenants in some waterfront developments may further restrict or prohibit short-term rentals, so reviewing deed restrictions is essential before purchasing.
Short-term rental operators in Michigan are generally subject to the state's 6% use tax and may also owe local or county-level accommodations taxes. Major booking platforms often collect and remit state-level taxes automatically, but investors should confirm whether any additional local tax obligations apply in Leelanau County.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Suttons Bay can provide current regulatory guidance.
Financing an Airbnb investment in Suttons Bay requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Suttons Bay's short-term rental market is expected to benefit from continued tourism interest in the Leelanau Peninsula, with summer months likely to remain the dominant revenue driver. Investors should anticipate ADR holding steady or rising modestly — perhaps 2–4% — given the area's limited inventory and premium positioning. The 76% year-over-year growth in active listings is a trend worth monitoring; if supply continues to expand at that pace, occupancy rates (currently at 22% market-wide) could face additional pressure during off-peak months. That said, above-average occupancy stability and market growth trends suggest underlying demand remains healthy enough to absorb some new supply."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Local regulations, permit requirements, and tax obligations can change — always verify current rules with Suttons Bay and Leelanau County authorities before investing. Individual property results may vary significantly based on location, condition, amenities, pricing strategy, and management quality.
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