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Key Facts

2.66Lot (acres)

$397,500

$450,000 · Price reduced

Active86 days on market

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Description

This beautiful 2.66-acre parcel features 541 feet of frontage on the Rapid River, a premier Northern Michigan trout stream known for Brook, Brown, Rainbow, and Steelhead fishing. The property offers a peaceful, wooded setting and an excellent opportunity to build a private riverfront retreat surrounded by nature. Conveniently located just minutes from Torch Lake and the village of Alden, the property is also within easy reach of the Jordan, Boardman, and Manistee Rivers, and only 45 minutes from the legendary Holy Waters of the Au Sable River. Traverse City is just 30 minutes away, offering dining, shopping, and year-round recreation. Whether you're planning a custom home, fishing getaway, or quiet Up North escape, this rare Rapid River parcel offers exceptional frontage, privacy, and an ideal Northern Michigan location.

Property Information

Property Type

Land

Sub-Type

Unimproved Land

Lot Size

2.66 acres

Lot Dimensions

232x500x275x541

Days on Market

MLS® Listing#

1942873

Property Features

Exterior

None

Lot Features

Rolling SlopeSlopedWooded

Community

None

Sewer

Private SewerNone

Water Source

PrivateNone

Financial Details

HOA

Yes

Assessed Value

$24,875

Parcel Number

004-008-016-30

Directions

From Torch Lake public access, east on Crystal Beach Rd NW 0.4 mi to right onto Aarwood Rd NW 0.6 mi to left onto Plum Valley Rd to property on right

Affordability Calculator

Home Price

Down Payment

$79,500

Interest Rate (%)

Loan Term

Estimated monthly payment

$2,116/mo

Principal $318,000 · Est. interest $443,638 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Rapid City, MI

$236,404
Median Listing Price: 59
Median Days on Market: 1,500
Median Sq Ft: $135
Median Price / Sq Ft: 13,286
Active Listings

This home’s price is 68% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Rapid City, MI.

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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
66 Oakwood Drive, Coldwater City, MI	$278,500	2	2	1,386
66 Oakwood Drive 22, Coldwater City, MI	$278,500	2	2	1,386
32297 Warren Road, Garden City City, MI	$278,900	3	1	1,680
43000 12 Oaks Crescent Drive 2033, Novi City, MI	$278,900	2	2	2,200
808 W Lake Street, Tawas City, MI	$279,000	2	2	1,590
3911 Edwin Street, Hamtramck City, MI	$279,000	5	3	1,575

Moving Cost Estimate

Listing Courtesy: Coldwell Banker Schmidt Traverse City - Cell: 231-929-7985

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.