E Carter Road Traverse City, MI $ 2,500,000
E Carter Road
$ 2,500,000
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E Carter Road

Traverse City, MI, 49684
$ 2,500,000
Baths0.0

Monthly Estimate*

$ 15,393

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Studio Lots and Land for sale in Traverse City, MI for $2,500,000. The lot size is 42.12.

Discover an exceptional development opportunity nestled in the picturesque Morgan Farms! This prime 42-acre parcel offers convenient dual access from both M-72 and E Carter Rd, making it easily accessible from multiple directions. The Phase II Hilltop residential development has been thoughtfully designed with 66 pre-approved lots specifically zoned for single family homes. This remarkable property showcases breathtaking panoramic views of both the vibrant downtown skyline and the sparkling waters of West Grand Traverse Bay, making it one of the last remaining large-scale development parcels in this highly desirable area. The terrain features gently rolling, elevated topography with excellent natural drainage, adorned with mature maple trees and stately red pines creating an idyllic setting. Current development progress includes ongoing road construction and clearing operations, completed engineering work, and submitted permit applications awaiting approval. Residents will enjoy the perfect balance of peaceful countryside living while remaining incredibly accessible to downtown Traverse City - just a pleasant walk/bike ride or quick 5-minute drive away. The city center offers outstanding shopping, diverse dining options, entertainment venues, quality schools, comprehensive medical facilities, and engaging seasonal events. The property comes complete with full modern infrastructure including city water/sewer connections, electrical service, natural gas lines, and cable/internet capabilities.

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Lots and Land Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

42.12

Town/City

Traverse City

County/Region

LEELANAU

MLS | Web ID

1941891

Features
General
Sewer Public Sewer None
Utilities Electricity Available
Possession Close Of Escrow
View Water Bay View Countryside View
Township Traverse City
Property Subtype Unimproved Land
Community Features Common Area
Assoc Fee Paid Per Annually
County Leelanau
New Construction N
Property Type Land
Attached Garage N
Subdivision Name Morgan Farms Phase II
Garage Y/N N
Status Active
Directions From M-22/M-72 junction (Tom's Market West Bay) follow M-22 north to left on E Carter Rd to Morgan Farms on left or follow M-72 west to Morgan Farms entrance on right
City Traverse City
High School District Traverse City Area Public Schools
Zoning Description Planned Unit Development Site Condominium Deed Restrictions Bldg & Use Restrictions
Lot Size Units Acres
Lot Size Square Feet 1834747.2
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 486852
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description see assoc docs
Freehold IDX
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Exterior
Lot Features Sloped Hardwoods Wooded Evergreens Steep Slope
Water Source Public None
Lot Size Area 42.12
Spa N
Lot Size Acres 42.12
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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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
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* Excluded Features
List By
Coldwell Banker Schmidt Traver

Broker

Cell: 231-929-7985

Contact

Affordability Calculator

$15,393
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
--
Monthly 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
2034238 Elementary School
2034116 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$2,500,000 Listed Price

Map


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E Carter Road, Traverse City, MI, 49684 is a Lots and Land for sale at $2,500,000 with a lot size of 42.12. E Carter Road is a studio with 0.0 baths. The property's zip code is 49684 which is in Traverse City, MI