240 Peninsula Hills Drive

Traverse City MI 49686

1953 sq. ft.

Townhouse

Last sold for $515,000

Erica Marshall, last sold this property on 03 September 2026 after 71 days on market.

Overview

Peninsula Hills Townhomes on Old Mission | West Bay Waterfront Rarely available and deeply coveted, this 2-bedroom, 1.5-bath townhome on Old Mission Peninsula delivers something most buyers only dream about: panoramic sunset views over West Bay, 260 feet of shared sandy beach just steps from your door, and the quiet rhythm of vineyard country all around you. Unwind on the lower covered porch or take in the evening light from the sunny balcony, both overlooking a lush lawn that rolls toward the water. Moor your boat, launch your kayak, or simply sink your toes into the sand â€” the beach is shared among just 26 neighbors, keeping it peaceful and uncrowded. A garage and covered carport provide ample parking and storage, and the finished basement offers room to grow. The $300/month HOA covers water, sewer, trash, snow removal, lawn care, beach maintenance, and exterior building care, a genuinely low-maintenance lifestyle in one of Northern Michigan's most sought-after corridors. Pets are welcome with board approval, and a shared community garden adds a charming touch for those who love to grow things. Beyond your front door, Old Mission Peninsula stretches 18 scenic miles into the heart of Grand Traverse Bay, flanked by both bays, dotted with 10 wineries, cherry and apple orchards, lavender fields, and farm stands overflowing with fresh produce. It's the kind of place people visit once and spend years trying to get back to. This is that rare opportunity. Don't let it pass.

Features

2 bedrooms

2 bathrooms

1 carspace

1 garage space

1953 sq. ft. floor area

Townhouse

Estimated Value

Based on this property and similar 2 bedroom townhouses sold in Traverse City over the last 12 months, the estimated median property value of 240 Peninsula Hills Drive is $289.9k.

Median value

$289.9k

Estimated value range

$189.1k - $515k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Traverse City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 240 Peninsula Hills Drive

2026

Sold

$515,000

03 Sep 2026 by Erica Marshall, of REO-TCFront-233021

Happy sellers in Traverse City

We have insufficient information to provide an overview of customer satisfaction for Traverse City. Viewing the agent profiles, reviews and sales for Traverse City can provide insights for this location.