7320 Peninsula Drive
Traverse City, MI, 49686 $ 1,000,000
Bedrooms4 Baths3.0 Sq 2,931 Monthly Estimate*
$ 6,239
for $1,000,000 with 4 bedrooms and 3 full baths. This 2,931 square foot home was built in 1950 on a lot size of 0.8.
This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare findââ¬âoffering timeless charm, thoughtful updates, and a highly sought-after location. From the moment you step inside, natural light and warm, modern finishes set the tone for an inviting and comfortable home. The main floor was designed for connection and entertaining, featuring a fully renovated kitchen with custom cabinetry, quartz countertops, and an expansive island that flows seamlessly into the dining area. Enjoy open views of West Bay while sharing meals, then unwind by the fire in either of the homeââ¬â¢s two living spacesââ¬âone offering a cozy, intimate feel and the other showcasing vaulted ceilings and a bright, airy atmosphere. A flexible office/studio nook adds to the versatility of the main level. The spacious primary suite, conveniently located on the main floor, offers a private retreat with a walk-in closet and en-suite bath. Upstairs, youââ¬â¢ll find three additional bedrooms and a full bathââ¬âperfect for family or guests. Outdoors, the property truly shines. The large, landscaped, manicured parcel is ideal for lawn games, entertaining, enjoying the pond, or simply soaking in the beauty of Peninsula living. A generous back deck provides the perfect space for grilling, dining under the stars, or gathering with friends after a great day on the Bay. Whether youââ¬â¢re seeking a year-round residence or a Northern Michigan retreat, this home checks every box for comfort, convenience, and lifestyle.
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FeaturesInteriorInterior Amenities Bay Window Cathedral/Vaulted Ceiling Walk-In Closet Window Treatment(s)
Dining Room Level Main
Basement Poured Unfinished
Bedroom 3 Level Upper
Bedroom 1 Level Main
Bedroom 2 Level Upper
Beds 4
Fireplace? Yes
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GeneralHeating Forced Air Humidifier
Kitchen Level Main
Cooling Ceiling Fan(s) Exhaust Fan
Possession Negotiable (Possession)
Fireplaces Gas Fireplace
Garage Attached Garage Gar Door Opener
Water Public Water
Appliances Dishwasher Disposal Dryer Microwave Range/Oven Refrigerator Washer
Status Active Accepting Backup Offers
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1950
Parking Garage
Subdivision None MI
Water Heater Gas
Style Colonial
County Grand Traverse
Class RESIDENTIAL
Type Single Family
Ownership Private
Municipality Peninsula Twp
Section 25
Zoning Residential
Sale/Rent For Sale
Status Detail 3
Utilities Cable Available
Structure Style 2 Story
Area Peninsula Twp (28011)
Primary City Traverse City
Directions Peninsula Drive approximately a mile and half before McKinley.
City Traverse City
School District Traverse City Area Public School
Financial Terms Cash Conventional
Legal Description PART GOV LOT 3 COM PENINSULA DR E R/W 245.5' N OF LOT 3 S LINE TH N 13 DEG 09'E ALG R/W 132.5' TO POB TH N 13 DEG 09' E 100' TH S 77 DEG 10' E 240' TH S 13 DEG 07' W 100' TH N 77 DEG 10' W TO POB SEC
DOM 82
Postal Code 49686
Price Per Sq Ft Total AG 341.18
Public Remarks This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare findââ¬âoffering timeless charm thoughtful updates and a highly sought-after location. From the moment you step inside
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ExteriorExterior Wood Cement Siding
Exterior Amenities Deck Lawn Sprinkler Porch Sidewalks
Lot Size Area 0.8
Lot Dimensions 100 x 349
Water Features Water View
Waterfront Y/N No
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* Excluded FeaturesList By@Properties Christie's Int'lBroker
info@ryanandjennirealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,239
- Monthly Property Taxes
- $617
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbySingle family listings in Traverse City, MI
Average List Price $740,597
Percent of Sale Price 26%
About Traverse City, MI 15,817 Population
7% Since 2002
$ 49,237 Median Income
41.86 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
3769590 Elementary School
3769595 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/12/2025 | $1,000,000 | -9.09% | Price Down |
| 9/24/2025 | $1,100,000 | | Listed Price |