The median home value in Traverse City, MI is $392,500.
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 $392,500.
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.
Wooded, private 1.35-acre lot in desirable Cedar Valley Ridge. Driveway roughed in and level building site cleared. 133 acres of common area are directly accessible. Common area includes 7 miles of groomed trails perfect for hiking, dog walking, and cross-country skiing. Enjoy a peaceful walk through the meadow and along pristine Cedar Run Creek. Common area is exclusive to owners in Cedar Valley Ridge and a small handful of adjacent neighbors. This award-winning 177-acre development has only 35 home sites and is located just 7.5 miles from Traverse City. Fiber optic cable, natural gas and underground electric available. www.cedarvalleyridge.com.
Discover the potential of this 0.60-acre residential buildable lot on Five Mile Road, offering partial East Bay lake views and stunning sunset panoramas. Situated on the TART trail and near Holiday Hills Ski Area, this lot is perfect for outdoor enthusiasts. With city water and sewer , and just minutes from Stone Hound Brewery, shopping, and dining, your dream home awaits in a prime Traverse City location.
Location! Location! Build your dream home with amazing views and privacy! Located in the Grayhawk neighborhood only minutes from downtown TC. This wooded sloping lot would allow for a beautiful walkout lower level with stunning views. Just one mile from Munson Medical Center and minutes to Traverse City's amazing dining experiences. Tucked away at the top of the neighborhood sits this rare lot with endless opportunities. The trees and foliage make for a private and peaceful setting.
Positioned mere minutes from Traverse City and Suttons Bay, Leelanau Highlands presents beautiful sights of West Bay and the surrounding countryside. Offering both traditional and estate-sized lots, along with well-lit pathways and a communal park, this community fosters a sense of belonging. With stringent building regulations in place and preserved wooded areas, it ensures the conservation of its natural surroundings. Convenient access to public boat launches and the Leelanau trail enhances the outdoor experience. Moreover, the neighborhood boasts underground utilities, natural gas service, and cable/phone amenities. Families can choose between Traverse City Schools and Suttons Bay Schools, providing educational options.
Exceptional Long Lake Township acreage parcel with endless open rolling terrain and gorgeous wooded areas. Situated just Minutes from Downtown Traverse City, lakes trails, golf and so much more makes this the perfect location for a future development or private estate setting. Perspective PUD property surrounded by several existing housing developments or take advantage of up to 15 available land divisions for this parent parcel. Natural gas, electric and cable service are all available at county maintained Herkner Rd. Agricultural zoning in place with property tax exemption options if farming operations continue. Property owners are willing to continue farming operations. One of the last remaining large acreage parcels available in this area offering easy access to everything the Traverse City area has to offer.
Nestled on 5 acres with a prime location for your new home that is close to golf, rivers, lakes and trails, and one of the only outside drive Inn Theaters in Michigan 'The Cherry Bowl.' Many parcels to choose from, 5, 7.5 and 10 acres. Purchase a few and develop your personal compound. Corner of Marshall and Eastman
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 Leelanau. This is a rare lot that is ready for you to build in one of Leelanau's most desirable neighborhoods.
This is a very nice level and buildable lot with gravel driveway. Some mature maple and oak trees give the property some character and the subdivision allows manufactured homes to be built. Only an 8 mile drive to the heart of downtown Traverse City. There is a 2 inch well and 1,000 gallon septic tank and drain field onsite.
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!
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.
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
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!
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.
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.
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.
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
Come take a look at this R-2 (High Density Residential) multi-family zoned 10 acre parcel just minutes from downtown Traverse City. Endless opportunities exist. Previous township approval was received for 21 home sites with municipal water and sewer hookup available but the property could also be split into 3 executive parcels which would have sweeping countryside views and a nice treed backdrop. You can't beat this fabulous location next to Lone Tree Estates, and so close to shopping, restaurants and schools.
Call your developers and builders! Here's an exciting opportunity to own a rare 20 acre development property just minutes from downtown Traverse City! This R-2 (High Density Residential) multi-family zoned property has a nice mixture of open land surrounded by a treed backdrop. Comprised of two adjoining 10 acre parcels and previously approved for 40 home sites, this property has beautiful sweeping countryside views from every angle. You can't beat this fabulous location next to Lone Tree Estates, and so close to shopping, restaurants and schools. It's very rare to still find large acreage parcels this close to town. Municipal water and sewer are available.
LOCATION LOCATION! Bahia Vista neighborhood, a well kept secret for years but is now experiencing popularity due to its proximity to Traverse City (2 miles), a short 3/4 mile drive to West Bay and all within Leelanau County. This corner wooded lot has a ""peekaboo" view of West Bay. the lot next door is likely unbuildable due to topography which is a potential bonus to the new owner of this lot. The neighborhood is a 18 acre wooded community comprised of 28 building sites and 9 acres of common green-space. Building restrictions in place. If you need a BUILDER, Owner has a builder that can BUILD YOUR DREAM HOME" AND CAN BEGIN BUILD IN 2024!!!. Builder has built 3 other homes in the neighborhood.
This Grand Traverse Bay waterfront parcel awaits! Just south of the beautiful waters of Omena Bay. With almost 3 acres and 150 feet of beautiful, private frontage, your "Big Water Dreams" can come true. Some of the most amazing colors of blue make it feel like the Caribbean, but without the salt. This is a flat, cleared parcel ready to build your dream home. Approved for an engineered septic system. Small shed on the property to store your toys, tools or equipment. Survey on file.
So close to TC yet "out in the country". Nice wooded parcel that's out of the hustle yet not to secluded with other nice acreage neighboring properties nearby. Opened building area with wooded back drop near 100's of acres of state land and trails. 7 lots to choose from ranging from 1-5 acres. 10% down bank financing available with no PMI
So close to TC yet "out in the country". Nice wooded parcel that's out of the hustle yet not to secluded with other nice acreage neighboring properties nearby. Opened building area with wooded back drop near 100's of acres of state land and trails. 7 lots to choose from ranging from 1-5 acres. 10% down bank financing available with no PMI
So close to TC yet "out in the country". Nice wooded parcel that's out of the hustle yet not to secluded as there are other nice acreage neighboring properties nearby. Opened building area with wooded back drop near 100's of acres of state land and trails. 7 lots to choose from ranging from 1-5 acres. 10% down bank financing available with no PMI