12016 Peninsula Drive Traverse City, MI ^$ 775,000

12016 Peninsula Drive

^$ 775,000

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Recently Listed

12016 Peninsula Drive

Traverse City, MI, 49686

^$ 775,000

Studio Baths0.0

Monthly Estimate*

^$ 4,772

12016 Peninsula Drive, Traverse City, MI 49686 - Image 1

12016 Peninsula Drive, Traverse City, MI 49686 - Image 2

12016 Peninsula Drive, Traverse City, MI 49686 - Image 3

12016 Peninsula Drive, Traverse City, MI 49686 - Image 4

12016 Peninsula Drive, Traverse City, MI 49686 - Image 5

12016 Peninsula Drive, Traverse City, MI 49686 - Image 6

12016 Peninsula Drive, Traverse City, MI 49686 - Image 7

12016 Peninsula Drive, Traverse City, MI 49686 - Image 8

12016 Peninsula Drive, Traverse City, MI 49686 - Image 9

12016 Peninsula Drive, Traverse City, MI 49686 - Image 10

Studio

Lots and Land for sale in Traverse City, MI

for $775,000. The lot size is 0.5.

Extremely rare opportunity on Peninsula Drive! This exceptional .5-acre parcel offers approximately 100 feet of private frontage, a true find in Traverse City. Build your dream home in one of the area’s most sought-after locations, where limited availability and natural beauty converge. Enjoy breathtaking water views, direct access to the shoreline, and the serenity of a private setting, all just minutes from downtown Traverse City, wineries, beaches, and year-round recreation. Properties of this caliber and frontage on Peninsula Drive are seldom available—don’t miss this once-in-a-lifetime opportunity.

Lots and Land Active

Price

^$ 775,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.5

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1941724

Features

General

Sewer Private Sewer None

Utilities Electricity Available Natural Gas Available

Possession Close Of Escrow

View Water Bay View

Township Peninsula

Property Subtype Unimproved Land

Waterfront Features All Sports Rocky Shoreline Sandy Bottom Great Lake Lake

Community Features None

Assoc Fee Paid Per Annually

County Grand Traverse

New Construction N

Property Type Land

Attached Garage N

Subdivision Name Braemar Estates

Garage Y/N N

Status New

Directions Take Peninsula Dr just passed Nelson Rd property on right

City Traverse City

Body of Water West Bay

High School District Traverse City Area Public Schools

Zoning Description Residential

Lot Size Units Acres

Lot Size Square Feet 21780

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 31203

Ownership Type Private Owner

Lease Amount Frequency Annually

Legal Description LOTS 11 & 16 BRAEMAR ESTATES

Freehold IDX

Exterior

Exterior Amenities None

Lot Features Sloped Wooded

Water Source Private None

Lot Size Area 0.5

Spa N

Lot Dimensions 102 x 222

Lot Size Acres 0.5

Road Surface Type Asphalt

Frontage Length 105

Frontage Type Priv Frontage (Across Rd)

Waterfront Y/N Y

Road Responsibility Public Maintained Road

Horse Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Below Grade Finished Area Unit Type Square Feet

Above Grade Finished Area Unit Type Square Feet

* Excluded Features

List By

Century 21 Northland

Broker

(231) 929-7900

Phone

Affordability Calculator

$4,772

Per Month

Monthly Principal & Interest: $4,772
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Lots and land listings in Traverse City, MI

Average List Price ^$350,828

Percent of Sale Price 55%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2034238 Elementary School

2034116 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/16/2026	$775,000		Listed Price

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12016 Peninsula Drive, Traverse City, MI, 49686 is a Lots and Land for sale at $775,000 with a lot size of 0.5. 12016 Peninsula Drive is a studio with 0.0 baths. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern Great Lakes REALTORS® MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/17/2026.

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12016 Peninsula Drive

Lots and Land for sale in Traverse City, MI

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