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*

^$ 4,893

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

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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.

An extraordinary opportunity awaits on iconic Peninsula Drive. Set on approximately one-half acre with 100 feet of private frontage, this premier waterfront parcel offers an exceptional setting for a custom home in one of Traverse City's most prestigious locations. Surrounded by stunning natural beauty and sweeping water views, you'll enjoy the tranquility of waterfront living while remaining just minutes from downtown, renowned wineries, championship golf, beaches, and vibrant dining. Opportunities to own private frontage on Peninsula Drive are exceedingly rare, making this a legacy property worthy of your vision

Lots and Land Active

Price

^$ 775,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Vacant Land

Lot Size

0.5

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80071541

Features

General

Possession At Close

Water None

Status Active Active

Subdivision Braemar Estates MI

County Grand Traverse

Class VACANT LAND

Type Vacant Land

Ownership Private

Municipality Peninsula Twp

Section 32

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Utilities Electricity Available Natural Gas Available Water Available

Area Peninsula Twp (28011)

Primary City Traverse City

Directions Take Peninsula Dr just passed Nelson Rd property on right

City Traverse City

School District Traverse City Area Public School

Financial Terms Cash Conventional

Legal Description LOTS 11 & 16 BRAEMAR ESTATES

DOM 1

Postal Code 49686

Price Per Sq Ft Total AG 1550000

Public Remarks An extraordinary opportunity awaits on iconic Peninsula Drive. Set on approximately one-half acre with 100 feet of private frontage

Exterior

Frontage 105

Body of Water West Bay

Lot Size Area 0.5

Lot Dimensions 105 x 222

Lot Description Sloping Wooded

Water Features Water View Waterfront All Sports Lake Great Lake Sandy Bottom

Waterfront Y/N Yes

Frontage Type Water

* Excluded Features

List By

Kate Reichard

Listing Agent

Century 21 Northland

Broker

Kate@c21northland.com

Affordability Calculator

$4,893

Per Month

Monthly Principal & Interest: $4,893
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$378,284

Percent of Sale Price 51%

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
7/27/2026	$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 6.49% 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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12016 Peninsula Drive

Lots and Land for sale in Traverse City, MI

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