The median home value in Traverse City, MI is $397,250.
This is
higher than
the county median home value of $160,000.
The national median home value is $308,980.
The average price of homes sold in Traverse City, MI is $397,250.
Approximately 55% of Traverse City homes are owned,
compared to 36% rented, while
10% are vacant.
Traverse City real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Traverse City real estate agent to arrange a tour today!
Learn more about Traverse City.
Stunning views of one of the most beautiful blue water lakes in Michigan. This lot is made for your dream home! It's just minutes away from the boat launch, numerous wineries, orchards and all that Traverse City has to offer. It's just a short drive to Sutton's Bay or Sleeping Bear Dunes. It's just beautiful in every direction, but you may want to stay home to enjoy your own incredible sunsets over Lake Lelanau. This is a rare lot that is ready for you to build in one of Lelanau's most desirable neighborhoods.
Builders, seize this golden opportunity! Seven fully improved lots are awaiting your next spec house or custom build in the tranquil Terrace Estates""a serene condo development comprising 58 sites. Situated just two miles from local schools and the picturesque Boardman Lake, these vacant lots provide the perfect foundation for crafting a haven of condo living. Immerse yourself in Traverse City's natural splendor by exploring the scenic Boardman Lake Trails, which seamlessly connect you to vibrant amenities like the public library, Medalie and Hull Parks, and delightful neighboring communities. Perched high on a bluff, these seven remaining lots offer walkout potential and come fully equipped with city water, sewer, and utilities, all accessible via paved roads adjacent to the lots. Enjoy the convenience of proximity to shopping, dining, the airport, and all the finest amenities downtown Traverse City has to offer!
Builders, seize this golden opportunity! Seven fully improved lots are awaiting your next spec house or custom build in the tranquil Terrace Estatesa serene condo development comprising 58 sites. Situated just two miles from local schools and the picturesque Boardman Lake, these vacant lots provide the perfect foundation for crafting a haven of condo living. Immerse yourself in Traverse City's natural splendor by exploring the scenic Boardman Lake Trails, which seamlessly connect you to vibrant amenities like the public library, Medalie and Hull Parks, and delightful neighboring communities. Perched high on a bluff, these seven remaining lots offer walkout potential and come fully equipped with city water, sewer, and utilities, all accessible via paved roads adjacent to the lots. Enjoy the convenience of proximity to shopping, dining, the airport, and all the finest amenities downtown Traverse City has to offer!
Affordable East Bay Frontage! Have you dreamed of an easy spot to drop your beach bag and launch your paddle board or kayak for a day on the water? Do you envy those that can grab a cup of coffee and head out to see the sunrise? Shared with just 4 other families, this quarter acre lot with 25 feet of sandy East Bay frontage is your chance to own a piece of coveted Old Mission Peninsula. Bluff road is closed beyond this parcel, so it is like enjoying the quiet of a cul-de-sac. Located near wineries, restaurants, and convenience markets, it is a great launching spot for all your Peninsula fun! A perc test is being updated to see what waste system options are available.
Affordable East Bay Frontage! Have you dreamed of an easy spot to drop your beach bag and launch your paddle board or kayak for a day on the water? Do you envy those that can grab a cup of coffee and head out to see the sunrise? Shared with just 4 other families, this quarter acre lot with 25 feet of sandy East Bay frontage is your chance to own a piece of coveted Old Mission Peninsula. Bluff road is closed beyond this parcel, so it is like enjoying the quiet of a cul-de-sac. Located near wineries, restaurants, and convenience markets, it is a great launching spot for all your Peninsula fun! A perc test is being updated to see what waste system options are available.
Great opportunity to own a large 4+ acre development parcel within the city limits of Traverse City. Zoned C-1 which allows for a variety of uses including commercial, multi family and residential. Land naturally rises to the north allowing for some spectacular bay and city views. Land along M-72 (East Traverse Highway) is relatively flat and can be easily developed for commercial use. City water and sewer located on the road ROW with extremely reasonable fees for developers to access. So may opportunities with this rare large parcel located in the rapidly developing Traverse City market.
Great opportunity to own a large 4+ acre development parcel within the city limits of Traverse City. Zoned C-1 which allows for a variety of uses including commercial, multi family and residential. Land naturally rises to the north allowing for some spectacular bay and city views. Land along M-72 (East Traverse Highway) is relatively flat and can be easily developed for commercial use. City water and sewer located on the road ROW with extremely reasonable fees for developers to access. So may opportunities with this rare large parcel located in the rapidly developing Traverse City market.
44 North. Traverse City's newest neighborhood. Location is best of both worlds, at the base of the Leelanau peninsula yet still within Traverse City with amenities it has to offer. Neighborhood features, city water, city sewer, TART trail, underground utilities, paved roads. Located 1.5 miles from Downtown Traverse City, Munson Hospital, Harbor West Marina and Clinch Park Marina. Spectacular views of Grand Traverse Bay and Power Island. Seller is a Licensed Real Estate Agent in the State of Michigan
44 North. Traverse City's newest neighborhood. Location is best of both worlds, at the base of the Leelanau peninsula yet still within Traverse City with amenities it has to offer. Neighborhood features, city water, city sewer, TART trail, underground utilities, paved roads. Located 1.5 miles from Downtown Traverse City, Munson Hospital, Harbor West Marina and Clinch Park Marina. Spectacular views of Grand Traverse Bay and Power Island. Seller is a Licensed Real Estate Agent in the State of Michigan
Welcome to your opportunity to build a new home in an established Traverse City development. Offering the perfect canvas for your custom-built home, the natural beauty of this 1+ acre lot gives you the privacy of its mature trees and gentle slopes. Many new homes currently being built in Arbutus Ridge. Enjoy easy accessibility to and from Traverse City, making daily commutes a breeze. The convenience extends beyond the property lines, with desirable recreation locations surrounding the subdivision. Whether it's hiking, biking, or exploring the nearby scenic landscapes, adventure awaits just moments from your new doorstep.
Enjoy the OMP life! Perfect opportunity to build your dream home AND enjoy 330 feet of shared sandy beachfront on beautiful West Bay, including the opportunity to hoist/dock a boat. Bayside Woods is a small enclave of fine homes, with just 28 parcels. Recent improvements include a 48" wide Twin Bay Dock system as well as erosion control improvements. Lot ownership includes 1/28th interest in the beachfront. Ownership will also include 4 dock sections (per HOA requirements) and a 4500 lb NuCraft boat hoist. With a little creativity, this lot provides the perfect setting for a home with a walk out basement, nestled in the trees. From here, you can enjoy the lake life, with beautiful sunset views, cruising the waterways, exploring local wineries and all the highlights that make OMP and TC some of the best places in the country to live!
Enjoy the OMP life! Perfect opportunity to build your dream home AND enjoy 330 feet of shared sandy beachfront on beautiful West Bay, including the opportunity to hoist/dock a boat. Bayside Woods is a small enclave of fine homes, with just 28 parcels. Recent improvements include a 48" wide Twin Bay Dock system as well as erosion control improvements. Lot ownership includes 1/28th interest in the beachfront. Ownership will also include 4 dock sections (per HOA requirements) and a 4500 lb NuCraft boat hoist. With a little creativity, this lot provides the perfect setting for a home with a walk out basement, nestled in the trees. From here, you can enjoy the lake life, with beautiful sunset views, cruising the waterways, exploring local wineries and all the highlights that make OMP and TC some of the best places in the country to live!
A once-in-a-generation offering - 253 feet of private, direct West Bay frontage on Old Mission Peninsula. Very few parcels remain with this much untouched frontage - this is a fantastic opportunity to bring your vision and dreams to create your own ideal retreat from scratch. Building restrictions are limited to Peninsula Township regulations; Phelps road is extremely private, and this section is publicly maintained by Grand Traverse County - there are no private road agreements, and maintenance is guaranteed. Please note that waterfront cannot be split, but additional acreage across the road easement may be eligible for a split/resale in the future.
This is a fantastic redevelopment opportunity directly on Front Street, where the value lies in the land. It comes with engineered plans for a cutting-edge project featuring twelve luxury condos, each about 1,400 square feet. Three out of twelve units are eligible for STR. There's also 3,000 square feet of flexible commercial space on the ground floor that could be used for retail or common space for condominium owners: gym, shared workspace, lounge, etc., and a huge rooftop lounge perfect for relaxing. We've crunched the numbers and see a potential sellout value of $15 million. You'll need to wrap up some additional engineering before breaking ground. Do your own due diligence to determine your comfort level with the project.
This is a fantastic redevelopment opportunity directly on Front Street, where the value lies in the land. It comes with engineered plans for a cutting-edge project featuring twelve luxury condos, each about 1,400 square feet. Three out of twelve units are eligible for STR. There's also 3,000 square feet of flexible commercial space on the ground floor that could be used for retail or common space for condominium owners: gym, shared workspace, lounge, etc., and a huge rooftop lounge perfect for relaxing. We've crunched the numbers and see a potential sellout value of $15 million. You'll need to wrap up some additional engineering before breaking ground. Do your own due diligence to determine your comfort level with the project.
Click "virtual tour" for video of this exceptional parcel! OLD MISSION PENINSULA parcel with over 560' of private waterfront! One of the best if not THE best water view parcel on the entire Peninsula. Situated on a knoll with HUGE WATER VIEWS of its massive private shoreline and FOREVER views. Four spits available. Metes & bounds parcel no association, approx 5 acre parcel located mid-Peninsula among the orchards, vineyards and wineries of Old Mission Peninsula close to all the local dining and service amenities, and just 13 miles to downtown Traverse City. A parcel like no other. All information is accurate but not guaranteed, buyer to verify all.
Perched majestically on the captivating terrain of Old Mission Peninsula, this sprawling 54.29-acre estate is a testament to the artistry of viticulture. A substantial 21 acres are dedicated to meticulously maintained vineyards, showcasing a remarkable array of 11 grape varieties. Whether your vision is to craft award-winning wines, tantalizing ciders, or to expand into orchards, this property offers boundless opportunities. Positioned along the prestigious OMP Wine Trail, boasting 975 feet of frontage on Center Road, this estate commands attention within Northern Michigan's esteemed wine region. The gently undulating landscape, characterized by slopes ranging from 6 to 12%, provides the perfect canvas for vine cultivation, ensuring optimal sun exposure and drainage. The soil, a harmonious blend of Emmet sandy loam and Kalkaska sandy loam, enriches the terroir, promising grapes of unparalleled quality. Beyond its viticultural prowess, this estate offers versatility. An additional 14.5 acres on the west side beckon with unrestricted potential, featuring two designated home sites awaiting your vision. Whether you aspire to create a signature winery with a Chateau Designation, a charming cider house, or simply to expand the vineyards, this property invites you to embark on a journey of innovation and excellence. Embrace the essence of Northern Michigan's wine country and unlock the full potential of this extraordinary vineyard estate, where every acre is infused with the promise of possibility and the spirit of adventure.
Perched majestically on the captivating terrain of Old Mission Peninsula, this sprawling 54.29-acre estate is a testament to the artistry of viticulture. A substantial 21 acres are dedicated to meticulously maintained vineyards, showcasing a remarkable array of 11 grape varieties. Whether your vision is to craft award-winning wines, tantalizing ciders, or to expand into orchards, this property offers boundless opportunities. Positioned along the prestigious OMP Wine Trail, boasting 975 feet of frontage on Center Road, this estate commands attention within Northern Michigan's esteemed wine region. The gently undulating landscape, characterized by slopes ranging from 6 to 12%, provides the perfect canvas for vine cultivation, ensuring optimal sun exposure and drainage. The soil, a harmonious blend of Emmet sandy loam and Kalkaska sandy loam, enriches the terroir, promising grapes of unparalleled quality. Beyond its viticultural prowess, this estate offers versatility. An additional 14.5 acres on the west side beckon with unrestricted potential, featuring two designated home sites awaiting your vision. Whether you aspire to create a signature winery with a Chateau Designation, a charming cider house, or simply to expand the vineyards, this property invites you to embark on a journey of innovation and excellence. Embrace the essence of Northern Michigan's wine country and unlock the full potential of this extraordinary vineyard estate, where every acre is infused with the promise of possibility and the spirit of adventure.
Escape to the serene beauty of Traverse City, Michigan with this once-in-a-lifetime opportunity to own a fully working farm on the prestigious Old Mission Peninsula. Nestled on over 126 acres of picturesque land, this property offers an idyllic lifestyle surrounded by natural beauty and endless possibilities. Comprised of six parcels, this remarkable farm boasts 300 feet of private sandy water frontage on West Grand Traverse Bay. At the heart of this property is a meticulously crafted equestrian barn, built in 2016. Boasting 9 spacious stalls, it provides a comfortable and luxurious home for your beloved horses. The barn also features convenient garage doors for work vehicles, a saddle room, employee break room with laundry facilities, and well-appointed grooming areas. Step inside the barn and be greeted by an expansive 60x100 heated dirt arena, perfect for training and exercising your equine companions. Ascend the stairs to discover a sprawling office space adorned with picture windows that offer views of the stalls & arena below. In addition to the equestrian facilities, this farm features multiple outbuildings and a collection of purebred Great Pyrenees guard dogs, ensuring the safety and security of your property. The land itself is a treasure trove of possibilities, with over 2000 Christmas trees, 300 lavender Vera plants, and 15 acres already dedicated to rotational crops. Immerse yourself in the joys of sustainable farming or explore new agricultural ventures. Don't miss your chance to own this extraordinary property on the Old Mission Peninsula.
Escape to the serene beauty of Traverse City, Michigan with this once-in-a-lifetime opportunity to own a fully working farm on the prestigious Old Mission Peninsula. Nestled on over 126 acres of picturesque land, this property offers an idyllic lifestyle surrounded by natural beauty and endless possibilities. Comprised of six parcels, this remarkable farm boasts 300 feet of private sandy water frontage on West Grand Traverse Bay. At the heart of this property is a meticulously crafted equestrian barn, built in 2016. Boasting 9 spacious stalls, it provides a comfortable and luxurious home for your beloved horses. The barn also features convenient garage doors for work vehicles, a saddle room, employee break room with laundry facilities, and well-appointed grooming areas. Step inside the barn and be greeted by an expansive 60x100 heated dirt arena, perfect for training and exercising your equine companions. Ascend the stairs to discover a sprawling office space adorned with picture windows that offer views of the stalls & arena below. In addition to the equestrian facilities, this farm features multiple outbuildings and a collection of purebred Great Pyrenees guard dogs, ensuring the safety and security of your property. The land itself is a treasure trove of possibilities, with over 2000 Christmas trees, 300 lavender Vera plants, and 15 acres already dedicated to rotational crops. Immerse yourself in the joys of sustainable farming or explore new agricultural ventures. Don't miss your chance to own this extraordinary property on the Old Mission Peninsula.
Prime commercial vacant land near the vibrant 8th Street NoBo District! This exceptional development property awaits you with 3 spacious lots and C-2 commercial zoning. From upscale residences, apartments or contemporary condominiums to a unique blend of retail shops and charming residences above, don't miss out on this opportunity. Close to Boardman Lake, breweries, restaurants, and great walking and biking trails.
Prime commercial vacant land near the vibrant 8th Street NoBo District! This exceptional development property awaits you with 3 spacious lots and C-2 commercial zoning. From upscale residences, apartments or contemporary condominiums to a unique blend of retail shops and charming residences above, don't miss out on this opportunity. Close to Boardman Lake, breweries, restaurants, and great walking and biking trails.
This 1.83 acre vacant property, in beautiful Leelanau County, promises the ultimate blend of tranquility and convenience. Nestled near the cross-town TART trail, this vacant property offers unrivaled access to outdoor adventures and scenic walks, just steps from your doorstep. Wake up to breathtaking vistas of West Grand Traverse Bay every morning. This property has the potential for your newly built dream home to maximize these stunning panoramic views. Whether you envision a peaceful retreat or a vibrant family home, this property is a blank canvas awaiting your creative vision. Enjoy being just minutes from Traverse City and all of its amenities, including shops, restaurants, and recreational facilities. Leelanau County itself offers the perfect balance of rural charm and modern convenience. Lot lines in pictures are approximate. Buyer should verify all boundary lines with plat map or Elmwood Township.
Rare acreage parcel in Long Lake TWP. Build your dream home on your own land - no site condo or development ! This zoning allows outbuildings. Parcel A has several acres of mature trees on it for privacy and beautiful views. No manufactured homes.Beautiful views with 5 buildable acres in sandy soil. Close to everything - only minutes from the schools, Meijer, and downtown. Act fast because this will sell soon. Seller is a realtor in the state of Michigan. Parcel A - see attached survey
Rare acreage parcel in Long Lake TWP. Build your dream home on your own land - no site condo or development ! This zoning allows outbuildings. Parcel A has several acres of mature trees on it for privacy and beautiful views. No manufactured homes.Beautiful views with 5 buildable acres in sandy soil. Close to everything - only minutes from the schools, Meijer, and downtown. Act fast because this will sell soon. Seller is a realtor in the state of Michigan. Parcel A - see attached survey