55 S Hope Ridge Traverse City, MI ^$ 3,500,000

55 S Hope Ridge

^$ 3,500,000

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Recently Listed

55 S Hope Ridge

Traverse City, MI, 49696

^$ 3,500,000

Studio Baths0.0 Sq 6,901

Monthly Estimate*

^$ 21,550

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Studio

Multi-Family Home for sale in Traverse City, MI

for $3,500,000. This 6,901 square foot home was built in 1989 on a lot size of 40.39.

Just 8 minutes from downtown Traverse City, this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16,000 square feet and 4 large barns, itÃ¢â¬â¢s ideal for a variety of venturesÃ¢â¬âthink destination wedding venue, retreat center, boutique resort, private school, or family compound. Capacity to hold over 80 guests! The blend of open fields, wooded privacy, and close proximity to town creates a one-of-a-kind setting for residential, commercial, or creative redevelopment opportunities.

Multi-Family Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Ranch

Lot Size

40.39

Year Built

1989

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80067586

Features

Interior

Interior Amenities Cathedral/Vaulted Ceiling Hardwood Floors Walk-In Closet

Basement Full Walk Out

Total Number of Units 7

Dining/Kitchen Pantry

Fuel Type Natural Gas

General

Heating Forced Air Other-See Remarks

Cooling Other

Possession Negotiable (Possession)

Garage Attached Garage Gar Door Opener

Water Community Well

Appliances Dishwasher Dryer Other-See Remarks Range/Oven Refrigerator Washer

Status Active Active

Year Built 1989

Parking Garage

Subdivision Abba's House MI

Style Ranch

County Grand Traverse

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Blair Twp

Section 2

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Utilities Cable Available

Structure Style 1 1/2 Story

Area Blair Twp (28002)

Primary City Traverse City

Directions Off Hoch Road west of Garfield Rd and East of N Keystone Rd See SIGN

City Traverse City

School District Traverse City Area Public School

Financial Terms Cash

Legal Description COM N 1/4 COR FOR POB TH W 903.84' TH S 2 689.32' TH E 558.28' TH N 1894' TH E 345' TH N 795.89' TO POB SEC 2 T26N R11W

DOM 1

Postal Code 49696

Price Per Sq Ft Total AG 507.17

Public Remarks Just 8 minutes from downtown Traverse City this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16 000 square feet and 4 large barns

Exterior

Exterior Stone

Exterior Amenities Deck Patio Porch

Lot Size Area 40.39

Lot Dimensions Irregular

Water Features Pond

Waterfront Y/N No

* Excluded Features

List By

Matthew Dakoske

Listing Agent

Remax Bayshore - Union St Tc

Broker

matt@teamdakoske.com

Affordability Calculator

$21,550

Per Month

Monthly Principal & Interest: $21,550
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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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

Multi-family listings in Traverse City, MI

Average List Price ^$1,211,780

Percent of Sale Price 65%

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.

3769590 Elementary School

3769595 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2026	$3,500,000		Listed Price

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55 S Hope Ridge, Traverse City, MI, 49696 is a Multi-Family Home for sale at $3,500,000 with 6,901 sqft and a lot size of 40.39. 55 S Hope Ridge is a studio with 0.0 baths and was built in 1989. The property's zip code is 49696 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.

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55 S Hope Ridge

Multi-Family Home for sale in Traverse City, MI

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