Parcel B Peninsula Drive

Traverse City MI 49686

5.26 ac.

Land

Last sold for $215,000

Steve Scheppe, last sold this property on 31 July 2025 after -14 days on market.

Overview

Situated among the breathtaking landscape of Old Mission Peninsula, this 5.26-acre parcel offers scenic views of rolling terrain, orchards, and vineyardsâ€”an ideal setting for your future home or hobby farm. Zoned Agricultural, the property allows for residential use along with a variety of other permitted uses. Mature hardwoods line the eastern edge, creating a natural privacy buffer, while the gently rolling topography provides excellent potential for a walkout lower level. With fiber optic internet available along Peninsula Drive, youâ€™ll enjoy modern connectivity in a peaceful, rural setting that captures the essence of Old Mission Peninsula living. The adjoining 5.26-acre parcel is also available, offering the opportunity to expand or create a multi-site estate.

Features

5.26 ac. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Traverse City over the last 12 months, the estimated median property value of Parcel B Peninsula Drive is $197.45k.

Median value

$197.45k

Estimated value range

$30k - $1.5m

Median days on market

Estimated value trend

-14%

decrease 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 Parcel B Peninsula Drive

2025

Sold

$215,000

31 Jul 2025 by Steve Scheppe, of Viewpoint Realty

2018

Sold

$520,000

19 Dec 2018 by John Washburn, of Coldwell Banker Schmidt-402

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.