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7265 Peninsula Drive Traverse City, MI $ 1,400,000
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7265 Peninsula Drive
$ 1,400,000
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7265 Peninsula Drive

Traverse City, MI, 49686
$ 1,400,000
Bedrooms3 Baths2.1 Sq 2,654

Monthly Estimate*

$ 8,620

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Single Family Home for sale in Traverse City, MI

for $1,400,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,654 square foot home was built in 1920 on a lot size of 0.32.

Rare opportunity to own 150 feet of private West Bay frontage on the coveted Old Mission Peninsula, just minutes from downtown Traverse City. This 3-bedroom, 3-bath home offers 2,654 sqft of living space with expansive bay views, abundant natural light, and timeless Northern Michigan character. Enjoy a gradual, sandy-bottom shoreline with a private dock, ideal for swimming, boating, and long summer days on the water. The home features multiple gathering spaces, including a sunroom, formal dining area, and spacious living areas designed to capture the views. Additional highlights include a heated, attached 2-car garage, guest house, and garden/storage shed—offering flexibility for hosting, hobbies, or extra storage. Situated on a .32-acre parcel with mature landscaping, patio, and deck spaces, this property blends privacy with proximity—located approximately 2 miles from the base of the peninsula. A true waterfront lifestyle property with endless potential to update, personalize, or enjoy as-is.

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Single Family Active

Price

$ 1,400,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.32

Year Built

1920

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1944648
Features
Interior
Interior Amenities Entrance Foyer Walk-In Closet(s) Wet Bar Pantry Solarium/Sun Room Breakfast Nook Solid Surface Counters Formal Dining Room Workshop Drywall Ceiling Fan(s) Cable TV High Speed Internet WiFi
Basement Crawl Space Exterior Entry
Fireplace Features Gas
Kitchen Level Main
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Skylight(s) Bay Window(s) Blinds
Fireplace Y/N Y
Above Grade Finished Area 2654
Half Baths 1
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 0
Living Room Level Main
Main Level Bedrooms 1
Main Level Bathrooms 2
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
Primary Bathroom Features Private
Kitchen Length 14
Kitchen Width 10
Second Bedroom Length 11
Second Bedroom Width 12
Dining Room Area 10
Dining Room Width 10
Family Room Length 13
Living Room Length 14
Living Room Width 17
Primary Bedroom Length 12
Primary Bedroom Width 17
Family Room Width 17
Family Room Level Upper
Dining Room Level Main
Second Bedroom Level Upper
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General
Sewer Public Sewer
Heating Hot Water Baseboard Fireplace(s) Natural Gas
Cooling Window A/C Unit(s) Ductless Window Unit(s)
Possession Negotiable
Roof Asphalt
Appliances Refrigerator Oven/Range Disposal Dishwasher Microwave Washer Dryer Exhaust Fan Electric Water Heater Gas Water Heater Instant Hot Water
Garage Spaces 2
Association Fee Includes None
Patio/Porch Features Deck Patio
Security Features Smoke Detector(s)
Construction Materials Frame Vinyl Siding Stone
Pets Allowed false
Year Built 1920
View Bay
Stories Count 2
Township Peninsula
Levels Two
Property Subtype Single Family Residence
Waterfront Features Rocky Shoreline Sandy Bottom Gradual Slope to Water Great Lake Stony Bottom Sandy Shoreline
Community Features None
Accessibility Covered Entrance Bathroom Sink Accessible Kitchen
Assoc Fee Paid Per Annually
County Grand Traverse
New Construction N
Property Type Residential
Attached Garage Y
Subdivision Name N/A
Garage Y/N Y
Other Structures Shed(s) Guest House
Full Baths 1
Status New
Directions Peninsula Drive approximately 2 miles out.
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 13939.2
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Virtual Tour https://leelanau-life-llc.aryeo.com/videos/019df405-add2-723d-a41a-868c27c2968b
Primary Bedroom Level Main
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 497187
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description N 150 FT OF S 232.5 FT OF THAT PART OF GOV LOT 3 LYING W OF PUBLIC HWY SEC 25 T28N R11W EASEMENT AGREEMENT FOR INGRESS/EGRESS & PARKING RECORDED AT 2015R-13281 AND CORRECTED EASEMENT AGREEMENT RECORD
Freehold IDX
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Exterior
Exterior Amenities Dock Garden Rain Gutters
Parking Features Asphalt Easement Attached Garage Door Opener Paved Heated Garage Finished Rooms Concrete Floors
Lot Features Other Landscaped
Water Source Public
Lot Size Area 0.32
Foundation Details Slab Stone Pillar/Post/Pier
Number of Buildings 3
Spa N
Lot Size Acres 0.32
Road Surface Type Asphalt
Frontage Length 150
Frontage Type Waterfront
Waterfront Y/N Y
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Coldwell Banker Schmidt Traverse City

Broker

Cell: 231-499-1990

Contact

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$8,620
Per Month
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Monthly Principal & Interest
$8,620
Monthly Property Taxes
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Monthly Home Insurance
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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
2034238 Elementary School
2034116 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/4/2026$1,400,000 Listed Price

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7265 Peninsula Drive, Traverse City, MI, 49686 is a Single Family Home for sale at $1,400,000 with 2,654 sqft and a lot size of 0.32. 7265 Peninsula Drive has 3 bedrooms, 2.1 baths, and was built in 1920. The property's zip code is 49686 which is in Traverse City, MI

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