1941 US-31 # 24 Traverse City, MI $ 1,090,000
1941 US-31 # 24
$ 1,090,000
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1941 US-31 # 24

Traverse City, MI, 49686
$ 1,090,000
Bedrooms2 Baths2.0 Sq 1,117

Monthly Estimate*

$ 6,800

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Single Family Home for sale in Traverse City, MI

for $1,090,000 with 2 bedrooms and 2 full baths. This 1,117 square foot home was built in 2006.

Welcome to Peninsula Bay’s premier 2nd floor retreat, perched above Miracle Mile’s sandy shoreline with panoramic East Bay views. This residence blends a luxury lifestyle with the ease of a true turnkey escape. From the moment you step into this fully furnished condo, you’ll notice the thoughtful renovation throughout—every detail in the kitchen and bathrooms has been reimagined with high-end finishes, granite, and custom design touches. The kitchen is a chef’s dream with premium appliances, a gas range, double-drawer dishwasher, and generous pantry space. An open layout connects seamlessly to the living area, where a gas fireplace and expansive water views set the tone for effortless entertaining. The water-facing primary suite is a private sanctuary with a walk-in closet and spa-like shower, while the guest bedroom also features a walk-in closet and elegant finishes. In-unit laundry, and a spacious covered balcony add to the everyday comfort. Peninsula Bay itself elevates the experience: 330 feet of sandy frontage, a heated pool and hot tub, grill and gathering areas, chaise lounges on a groomed beach, a secure lobby, elevator, and even heated sidewalks for year-round ease. Whether you’re savoring a sunset from your balcony or exploring the walkable Miracle Mile, this home captures the very best of Bayfront living. Short-term rentals are allowed, offering excellent investment flexibility.

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Single Family Active

Price

$ 1,090,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Year Built

2006

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1938878

Features
Interior
Interior Amenities Entrance Foyer Walk-In Closet(s) Pantry Other Kitchen Island Formal Dining Room Cable TV WiFi
Flooring Tile
Fireplace Features Gas
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Skylight(s) Bay Window(s) Blinds Drapes Curtain Rods
Fireplace Y/N Y
Above Grade Finished Area 1117
Half Baths 0
3/4 Baths 0
Laundry Features Main Level
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 2
Main Level Bathrooms 2
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
Primary Bathroom Features Private
Kitchen Area 130
Kitchen Length 13
Kitchen Width 10
Primary on Main 130
Second Bedroom Length 13
Second Bedroom Width 10
Living Room Length 20
Primary Bedroom Area 156
Primary Bedroom Length 13
Primary Bedroom Width 12
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General
Sewer Public Sewer
Heating Forced Air Fireplace(s) Natural Gas
Cooling Central Air
Possession Negotiable
Roof Other
Appliances Refrigerator Oven/Range Disposal Dishwasher Microwave Washer Dryer Other Freezer Exhaust Fan
HOA Fee 6054
Garage Spaces 0
Association Fee Includes Water Sewer Trash Snow Removal Maintenance Grounds Maintenance Structure Liability Insurance
Patio/Porch Features Covered
Architectural Style Other
Construction Materials Other Frame Timber Frame Stone Wood Siding
Pets Allowed true
Year Built 2006
View Water Bay View Bay
Stories Count 2
Township East Bay
Levels 2+ Story
Unit Number 24
Property Subtype Single Family Residence
Waterfront Features All Sports Other Sandy Bottom Private Lake Lake Sandy Shoreline
Community Features Pool Pets Allowed
Accessibility Other
Assoc Fee Paid Per Annually
County Grand Traverse
New Construction N
Property Type Residential
Attached Garage N
Subdivision Name Peninsula Bay Resort
Garage Y/N N
Other Structures None
Full Baths 2
Status Active
Directions East on US-31 North before 4 Mile Road.
City Traverse City
Body of Water East Bay
Entry Location Stairway (Indoor) Elevator Second Floor Level
High School District Traverse City Area Public Schools
Zoning Description Residential Other
Lot Size Units Acres
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Traverse City Area Public Schools
Elementary School District Traverse City Area Public Schools
Tax Assessed Value 317310
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description UNIT 24 PENINSULA BAY RESORT CONDOMINIUM SEC 8 T27N R10W MASTER DEED 2005C-00001 1ST AMEND TO MASTER DEED 2007R-00067 2ND AMEND TO MASTER DEED 2008C-00013 2ND AMEND (THIRD) TO MASTER DEED 2011C-00001
Year Built Effective 2023
Freehold IDX
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Exterior
Parking Features Asphalt None
Lot Features Other
Water Source Public
Foundation Details Slab Other
Number of Buildings 1
Spa N
Road Surface Type Asphalt
Frontage Length 330
Frontage Type Waterfront
Waterfront Y/N Y
Horse Y/N N
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* Excluded Features
List By
Exit Northern Shores Realty-Er

Broker

Cell: 352-804-0805

Contact

Affordability Calculator

$6,800
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Monthly Principal & Interest
$6,800
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034238 Elementary School
2034116 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2025$1,090,000 -16.15% Price Down
9/23/2025$1,300,000 Listed Price

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1941 US-31 # 24, Traverse City, MI, 49686 is a Single Family Home for sale at $1,090,000 with 1,117 sqft. 1941 US-31 # 24 has 2 bedrooms, 2.0 baths, and was built in 2006. The property's zip code is 49686 which is in Traverse City, MI