Flathead Lake Real Estate

There was one waterfront sale reported for Flathead Lake in April bringing the year-to-date total to just over $16.5M in sales with five transactions. These numbers are slightly up from last year's sales over the same period with six transactions and $15.2M, but down from 2022 when sales through the end of April yielded only $25.9M in sales from 14 transactions.

While higher interest rates and inflationary pressures have imposed a cooling effect on the primary residential market, prices in the luxury waterfront segment continues to be buoyed by low inventory and sustained demand. We expect to see a continued influx of new inventory as the weather warms up and listing season gets into full swing.

April Sales

Pricing and Sales Summary:

Significant Sale

Melita Island Road, Polson

750 Front Feet, 2,398 sf

Offered at $2.95M

Perched majestically at the end of Melita Island Road on Flathead Lake. As the sellers calls it, Serenity Point stands as a testament to tranquility amidst nature's grandeur. This rock peninsula jutting out into the pristine waters, offers a sanctuary for those seeking solace and serenity. At its heart, a modern marvel of architectural ingenuity emerges, blending seamlessly with the rugged landscape. Crafted from timber and stone, this two-bedroom, two-bathroom house epitomizes contemporary luxury while playing homage to its natural surroundings of nearly 750' of water frontage. Floor-to-ceiling windows form breathtaking panoramic views, inviting the tranquility of Flathead Lake and the surrounding wilderness of Melita Island. Serenity Point is more than just a residence; it is a haven where the rhythms of the earth and the beauty of modern design converge in perfect harmony.

Active Waterfront Listings

Residential inventory around the lake continues to increase both seasonally and year over year. The 34 active listings currently on Flathead Lake represent more than a doubling of the 15 listings at this time last year. Median list prices have responded with a drop from $5.5M in May of 2023 to $3.3M today.

Waterfront land listings have pulled back slightly from 20 listings last year to 13 this month with prices remaining flat at $1.3M.

Flathead Lake Condominium Market

With nearly two dozen waterfront condominium communities around Flathead Lake, there has historically been plenty of options for buyers who want the waterfront lifestyle without having to worry about maintaining a lake home. Below is a summary of currently active and sold units so far this year as compared to last year's sales. The condo market has followed the single-family waterfront market to record low inventories and increasing prices.

Flathead Lake Real Estate - April 2024 Sales