2088 Phelps Road # Parcel 4 Traverse City, MI ^$ 1,900,000

2088 Phelps Road # Parcel 4

^$ 1,900,000

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2088 Phelps Road # Parcel 4

Traverse City, MI, 49686

^$ 1,900,000

Studio Baths0.0

Monthly Estimate*

^$ 12,628

2088 Phelps Road # Parcel 4, Traverse City, MI 49686 - Image 1

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Studio

Lots and Land for sale in Traverse City, MI

for $1,900,000. The lot size is 2.61.

A once-in-a-generation offering - 253 feet of private, direct West Bay frontage on Old Mission Peninsula. Very few parcels remain with this much untouched frontage - this is a fantastic opportunity to bring your vision and dreams to create your own ideal retreat from scratch. Building restrictions are limited to Peninsula Township regulations; Phelps road is extremely private, and this section is publicly maintained by Grand Traverse County - there are no private road agreements, and maintenance is guaranteed. Please note that waterfront cannot be split, but additional acreage across the road easement may be eligible for a split/resale in the future.

Lots and Land Active

Price

^$ 1,900,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Vacant Land

Lot Size

2.61

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

80016644

Features

General

Possession At Close

Water None

Status Active Active

Subdivision Metes & Bounds MI

County Grand Traverse

Class VACANT LAND

Type Vacant Land

Percent Ownership Private

Municipality Peninsula Twp

Section 9

Zoning Residential

Utilities Cable Available Electricity Available Water Available

Area Peninsula Twp (28011)

Primary City Traverse City

Directions From Center Road take Seven Hills Straight at intersection continuing on to Peninsula Drive. Phelps Road is the first left after Kroupa Road.

High School Central High School

City Traverse City

School District Traverse City Area Public School

Street Name Phelps

Financial Terms Cash Conventional

Elementary School Eastern Elementary School

Middle School Traverse City East Middle Scho

Legal Description Very Lengthy - See Attached Suvey

DOM 47

Postal Code 49686

Price Per Sq Ft Total 727969.35

Coming Soon A once-in-a-generation offering - 253 feet of private

Exterior

Frontage 253

Body of Water West Bay

Lot Size Area 2.61

Lot Dimensions Irreg - See Survey

Water Features Water View Waterfront All Sports Lake

Roads Gravel

Waterfront Y/N Yes

Frontage Type Water

* Excluded Features

List By

Nan Ray

Listing Agent

Century 21 Northland

Broker

nan.ray@c21northland.com

Affordability Calculator

$12,628

Per Month

Monthly Principal & Interest: $12,628
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Traverse City, MI

Average List Price ^$362,242

Percent of Sale Price 81%

About Traverse City, MI

15,817 Population

7% Since 2002

^$49,237 Median Income

41.86 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4023191 Elementary School

4022784 Middle School

Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/3/2024	$1,900,000	-5.00%	Price Down
4/18/2024	$2,000,000		Listed Price

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2088 Phelps Road # Parcel 4, Traverse City, MI, 49686 is a Lots and Land for sale at $1,900,000 with a lot size of 2.61. 2088 Phelps Road # Parcel 4 is a studio with 0.0 baths. The property's zip code is 49686 which is in Traverse City, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2088 Phelps Road # Parcel 4

Lots and Land for sale in Traverse City, MI

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