14792 Peninsula Drive, Traverse City, MI 49686
metes & bounds · Grand Traverse County
Key Facts
Description
Turnkey Working Farm | 23+ Acres | Agricultural Tax Treatment | No PDR Restrictions | Income & Investment Potential One of this property’s most compelling features extends beyond its breathtaking beauty. As an established working farm, the property currently benefits from agricultural tax treatment, offering an attractive ownership opportunity alongside its productive orchard & exceptional long-term investment potential. Addl info re: the property’s agricultural status & tax classification is available upon request. Rarely does a property of this caliber come to market. Set against a picturesque backdrop of rolling hills, tranquil ponds & thriving orchards, this remarkable listing seamlessly blends refined country living with a productive agricultural operation. The completely remodeled farmhouse has been transformed from top to bottom, inside & out. Every detail has been thoughtfully updated with quality craftsmanship & timeless finishes, creating a home that is both elegant & comfortable. Simply move in & enjoy from day one. Beyond the home, more than 23 rolling acres planted with productive apple & fruit trees provide beauty, income potential & an incredible N'ern MI lifestyle. With approximately 700' of road frontage & NO PDR restrictions, the property offers a rare level of flexibility. The acreage may be eligible for future division, subject to local approvals, making it an outstanding opportunity for investors, developers, or buyers seeking to maximize long-term value. Add'l improvements include a fully insulated basement w/exterior access, a large detached garage, an 880+ SF farm labor dormitory & multiple storage buildings that provide the infrastructure needed to continue a successful farming operation or support a variety of future uses. Few Peninsula Twp. properties offer this combination of more than 23 acres, a beautifully remodeled residence, productive orchard, extensive farm infrastructure, current agricultural tax treatment, NO PDR!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1900
Stories
1
Living Area
1,296 sq ft
Lot Size
23.26 acres
Lot Dimensions
1270'x747'x1275'x741'
Garage Spaces
2
Days on Market
35
MLS® Listing#
1946289
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Parking
Laundry
Patio
Lot Features
Construction
Roof
Windows
Security
Other Structures
Community
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$291,010
Parcel Number
11-122-011-00
Directions
On Old Mission Peninsula, head north of Center Hwy to 7 Hills Rd. Veer left onto 7 Hills Rd. Follow to home on your right
Affordability Calculator
$199,998
Estimated monthly payment
$5,322/mo
Principal $799,992 · Est. interest $1,116,060 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Traverse City, MI
- $236,506
- Median Listing Price
- 59
- Median Days on Market
- 1,500
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 13,265
- Active Listings
- This home’s price is 323% above the area median.
- Its price per sq ft is 471% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.
Location
Points of Interest in Traverse City, MI
Showing the Traverse City area map.
Nearby Schools
Old Mission Peninsula School
Elementary · 2.0 mi away
Elk Rapids Schools
Elementary · 5.8 mi away
Cherryland Middle School
Secondary · 5.9 mi away
Elk Rapids Public School
Secondary · 5.9 mi away
Elk Rapids High School
Secondary · 5.9 mi away
Suttons Bay High School
Secondary · 8.3 mi away
Suttons Bay Senior High School
Secondary · 8.3 mi away
Suttons Bay Public Schools
Secondary · 8.3 mi away
Leelanau Montessori
Elementary · 8.4 mi away
Pathfinder School
School · 9.1 mi away
Community Children's Center
School · 9.4 mi away
Norris Elementary School
Elementary · 9.6 mi away
Eastern Elementary School
Elementary · 9.8 mi away
Traverse City Area Public Schools
Elementary · 9.9 mi away
Traverse City Central High School
Secondary · 10.0 mi away
Bethlehem Nursery School
Elementary · 10.3 mi away
Oak Park Elementary School
Elementary · 10.4 mi away
Elk Rapids Schools
Elementary · 10.7 mi away
Traverse Bay Christian School
School · 10.8 mi away
Leelanau Montessori Public School Academy
Elementary · 10.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 215 Hill Street, Northville City, MI | $699,999 | 4 | 3 | 2,944 |
| 411 S Lafayette Street, Dearborn City, MI | $699,999 | 4 | 4 | 3,167 |
| 98 S Edith Street, Pontiac City, MI | $700,000 | 11 | — | 5,000 |
| 533 E Harrison 3, Royal Oak City, MI | $700,000 | 4 | 4 | 2,204 |
| 725 Clark Street, Brighton City, MI | $700,000 | 8 | 4 | 3,700 |
| 98 S Edith Street, Pontiac City, MI | $700,000 | 11 | 11 | 6,300 |
Moving Cost Estimate
EXIT Agents in Traverse City
Listing Courtesy: EXIT Northern Shores-TC