Property Watch: Landmark Cottage On Lake Leelanau For Sale For First Time

The 1910-era cottage (2336 Penwood Trail, Leland; $2,200,000; MLS# 1891771) tucked into an evergreen canopy at the spot where the Leland River ends and North Lake Leelanau begins is being offered for the first time in its century-plus lifetime.

The property has 113 feet of lake frontage and is the historic anchor of a surrounding enclave of newer luxury homes.

Listing agent Tim Schaub of Schaub Team Premier Realty says the opportunity is there to “greatly restore this charming structure or remove and start anew, creating a new century of Leland memories.” The five bedroom, one-and-three-quarters bath cottage features a screened-in porch, knotty pine walls, a fireplace, and a large dining area for big family meals before or after a day on the lake.

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Property Watch is sponsored by Venture Properties, which is currently offering several lots in the heart of Leelanau here.