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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

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

Vacant Land

Lot Size

42.12

Town/City

Traverse City

County/Region

LEELANAU

MLS | Web ID

80065064

Features
General
Possession At Close
Water None
Status Active Active
Subdivision Morgan Farms Phase II
County Leelanau
Class VACANT LAND
Type Vacant Land
Ownership Private
Municipality Traverse City
Section 32
Zoning Site Condominium
Sale/Rent For Sale
Status Detail 0
Utilities Electricity Available Sewer Available Water Available
Area Traverse City (28021)
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
School District Traverse City Area Public School
Financial Terms Cash Conventional
Legal Description see assoc docs
DOM 3
Price Per Sq Ft Total AG 59354.23
Public Remarks 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
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Exterior
Lot Size Area 42.12
Lot Dimensions see docs
Lot Description Sloping Treed Wooded
Water Features Water View
Waterfront Y/N No
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* Excluded Features
List By
Mark Hagan

Listing Agent

Coldwell Banker Schmidt Traver

Broker

info@markhagan.com

Email

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$15,393
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$15,393
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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
3769590 Elementary School
3769595 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/29/2026$2,500,000 Listed Price

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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