Real Estate Market Conditions for Sugar Springs
Lake Lancer & Lancelot offer 1,000 acres of water fun with Lake Lancer at 780 acres and Lancelot at 230 acres. These two lakes are private and are for residents of Sugar Springs, a planned community with over 3,200 platted acres. There are 15 private beach clubs along the shores of the lakes for association members only. Some of the beach clubs offer restrooms, showers, swimming, picnic areas and boat launches. Fisherman enjoy the tranquility of the lakes and the Northern Pike, Walleye, Bass and Panfish that can readily be caught from both Lake Lancer & Lake Lancelot. Lake waters are tested annually and treated several times per year to control weeds and infestation allowing boaters, skiers, jet skiers and swimmers to enjoy the waters! Lake Lancer and Lancelot are in Butman Township within Gladwin County.
There are currently 28 active waterfront homes on Lake Lancer and Lake Lancelot. They range in price from $143,625 - $429,000
August saw two new listings on Lake Lancer & Lake Lancelot for $152,900 - $349,900. During the month we saw no listings expire and six homes sell with a sales price range of $108,000-$170,000. The seller receiving 93.8% of their asking price and average days on market of 200.