This nearly 150-acre development property is listed at $5.725 million. 

Described in the listing as having "unlimited potential due to its size, location, and spectacular water views," it's less than a mile from Grand Traverse Bay and downtown Suttons Bay. The property is owned by the Leabo family.

About two thirds of the property has views of Grand Traverse Bay while the highest elevations include views of Lake Leelanau, Lake Michigan, the Manitou Islands and Pyramid Point.

The property includes a farmhouse with attached garage, 2 large sheds, two iconic wood barns built in the early 1900s, and a double pole barn connected to a wood garage.

The listing describes it as a "perfect location for a combination of water-view homes, high-end RV resort, winery, equestrian center, or a private estate. Property touches Suttons Bay Village on the southeast corner."

The property can be divided. 

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