Simply put, unless it's just a lot of dirt or maybe a haunted house, you aren't often finding an actual home in Leelanau County for less than a half a million these days.

Here's one that just listed for $325,000, which in this days is remarkable for how "cheap" it is. While it's technically in Leelanau, it's functionally in the Traverse City metro area along M-72 just outside of town.

Touted as an "incredible opportunity," this 880 square foot bungalow has hardwood floors in the living room and bedrooms, a laundry room, an attached 1-car garage, and a backyard deck overlooking a small, wooded area for added privacy.

"This home combines comfort and convenience with long-term potential, offering a versatile opportunity whether you’re looking for a seasonal getaway, a year-round residence, or a property with room to grow. The generous lot and prime location near the water and downtown make it a rare find in Traverse City," the lising reads.

Property Watch is sponsored by Venture Properties. If you are thinking of selling, call Venture Properties at 231-631-2119 to find out what your property is worth or get an instant online property evaluation based on sold properties in your area (no obligation).