Beaver Island, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Beaver Island short-term rental market based on reliable data.

Listings

16 / 80

Reliable / Active

Revenue

$25,324

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Top Earners

$35,680

Top-Earners Revenue

Beaver Island

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Beaver Island.

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B

Generally Investor friendly

Beaver Island Regulations

STRs are allowed citywide with no caps and minimal barriers; compliance currently requires only basic zoning, septic, fire-safety, and occupancy checks, with moderate annual licensing and fees under discussion.

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About Beaver Island

Beaver Island sits in the northern stretch of Lake Michigan, the largest island in the lake and part of Charlevoix County, Michigan. The island's full-time population hovers around 600 residents, concentrated mainly in the small harbor community of St. James. Life here moves at a quiet, off-the-grid pace shaped by the rhythms of ferry schedules, fishing seasons, and lake weather. It is best known for its remote natural setting, its nineteenth-century history, and as a tranquil base for exploring a relatively unspoiled corner of the Great Lakes. Reaching the island requires a ferry ride of roughly two to three hours from Charlevoix on the mainland, the nearest small city, while larger Traverse City lies about 60 miles to the south along the Lake Michigan coast.

The island's most visible historical anchor is the legacy of James Strang, who led a breakaway Mormon community here in the 1850s and briefly declared himself king before his death. The Beaver Island Historical Society operates a small museum in St. James that documents this period alongside the Irish fishing families who settled the island afterward, and the adjacent Print Shop preserves one of the earliest Mormon printing operations in the country. Together, these sites form the core of the island's heritage tourism, drawing visitors curious about an unusual chapter in Midwestern history.

Outdoor recreation defines the other half of the Beaver Island experience. The island is ringed by public beaches, dunes, and nature preserves, including the Beaver Island State Wildlife Research Area, which protects forests, inland lakes, and shoreline along the northern and western edges. Hiking, kayaking, and cycling are popular ways to take in the scenery, and the surrounding waters of Lake Michigan offer some of the better smallmouth fishing in the region. A handful of historic lighthouses, including the Beaver Island Harbor Light at the entrance to St. James Bay, add character to the working waterfront.

Together, these elements make Beaver Island a distinctive setting for a short-term rental. Guests tend to come for a slower, more self-contained Great Lakes experience — one that combines quiet natural beauty, a unique cultural backstory, and the appeal of an island that genuinely feels off the beaten path.

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