Suttons Bay, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Suttons Bay short-term rental market based on reliable data.

Listings

100 / 268

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$47,346

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$637,751

Median Home Sale Price

Top Earners

$100,010

Top-Earners Revenue

Suttons Bay

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Suttons Bay.

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C

Challenging to Investors

Suttons Bay Regulations

STRs are allowed but face a strict 45‑permit cap in the Village (currently full, so no new permits until attrition) and a 150‑permit cap in the Township, with a $200 annual fee and a limited application window, creating significant barriers to entry and moderate compliance costs.

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About Suttons Bay

Suttons Bay is a small village in Leelanau County, Michigan, situated on the eastern shore of the Leelanau Peninsula where it meets the deep blue waters of the East Arm of Grand Traverse Bay. With a population of roughly 600 residents, it has the feel of a quiet, year-round community that swells with visitors each summer as travelers explore the surrounding cherry orchards, vineyards, and lakeshore. The village is best known as a gentle, walkable gateway to the wider Leelanau Peninsula, a finger of land that draws visitors for its beaches, farms, and small historic harbors. Traverse City, the nearest major city and a four-season destination in its own right, lies approximately 15 miles to the south along M-22.

Just to the north of Suttons Bay, the community of Leland is home to Fishtown, a weathered cluster of old fishing shacks and smokehouses perched over the Leland River. About 10 minutes up the peninsula from the village, Fishtown functions as a small open-air museum of Great Lakes commercial fishing history, with shops, galleries, and a couple of well-known fish markets set on wooden docks. It is one of the most photographed spots on the peninsula and a frequent stop for visitors driving the M-22 scenic route.

A short drive southwest of Suttons Bay, roughly 30 to 40 minutes via M-22 and M-109, Sleeping Bear Dunes National Lakeshore preserves more than 70 miles of Lake Michigan shoreline, including towering sand dunes, dense beech-maple forests, and the turquoise waters of Glen Lake. The park's namesake Dune Climb, Pierce Stocking Scenic Drive, and the historic South Manitou Island ferry make it a centerpiece of any northern Michigan trip and the single biggest day-trip draw for visitors staying in the area.

Just down the road, the rolling farmland of the Leelanau Peninsula supports one of the state's most celebrated wine trails, with dozens of tasting rooms scattered along M-22 between Suttons Bay and Northport. Riesling, Pinot Grigio, and cool-climate reds are the focus, and many wineries offer outdoor terraces with views over the vineyards and the bay. Together with the area's U-pick cherry farms and farm stands, the wine trail gives Suttons Bay a distinctly agricultural, slow-travel atmosphere that appeals to couples, families, and leaf-peepers in autumn.

Suttons Bay works well as a short-term-rental base because it sits in the middle of the Leelanau Peninsula's most appealing attractions while remaining an easy drive from Traverse City's restaurants, breweries, and Cherry Capital Airport. Guests can spend a morning on the village's beach or marina, an afternoon hiking dunes at Sleeping Bear, and an evening sampling wines and watching the sun set over the bay, all without long daily transfers. The combination of small-town character, water access, and proximity to marquee northern Michigan destinations makes the village a reliable draw for travelers planning a multi-day stay on the peninsula.

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