$2,500,000

Estimated payment $15,482/month

Total Views 16
42.12 Acres
$59,354 Price per Acre
1,834,747 Sq Ft Lot

Highlights

  • Bay View
  • 42.12 Acre Lot
  • Wooded Lot
  • Willow Hill Elementary School Rated A-

About This Lot

Discover an exceptional development opportunity nestled in the picturesque Morgan Farms! This prime 42-acre parcel offers convenient dual access from both M-72 and E Carter Rd, making it easily accessible from multiple directions. The Phase II Hilltop residential development has been thoughtfully designed with 66 pre-approved lots specifically zoned for single family homes. This remarkable property showcases breathtaking panoramic views of both the vibrant downtown skyline and the sparkling waters of West Grand Traverse Bay, making it one of the last remaining large-scale development parcels in this highly desirable area. The terrain features gently rolling, elevated topography with excellent natural drainage, adorned with mature maple trees and stately red pines creating an idyllic setting. Current development progress includes ongoing road construction and clearing operations, completed engineering work, and submitted permit applications awaiting approval. Residents will enjoy the perfect balance of peaceful countryside living while remaining incredibly accessible to downtown Traverse City - just a pleasant walk/bike ride or quick 5-minute drive away. The city center offers outstanding shopping, diverse dining options, entertainment venues, quality schools, comprehensive medical facilities, and engaging seasonal events. The property comes complete with full modern infrastructure including city water/sewer connections, electrical service, natural gas lines, and cable/internet capabilities.

Listing Agent

Mark Hagan

Coldwell Banker Schmidt Traver Brokerage Phone: 231-929-7985 Listed on: 01/27/2026

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Lot Details

  • 42.12 Acre Lot
  • Steep Slope
  • Wooded Lot
  • Zoning described as Planned Unit Development,Site Condominium,Deed Restrictions,Bldg & Use Restrictions

Property Views

  • Bay Views
  • Countryside Views

Community Details

  • Morgan Farms Phase II Subdivision
  • Common Area

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Community Features: Common Area
  • Horses: No
  • Lot Features: Sloped, Hardwoods, Wooded, Evergreens, Steep Slope
  • Road Surface Type: Asphalt
  • View: Water, Bay View, Countryside View
  • Has View?: Yes
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: T157435
  • Subdivision Name: Morgan Farms Phase II
  • Special Features: None

Exterior Features

  • Has Private Pool?: No
  • Waterfront?: No
  • Home Warranty: No

Garage/Parking

  • Has Attached Garage?: No

Utilities

  • Sewer: Public Sewer, None
  • Utilities: Electricity Available
  • Water Source: Public, None

Schools

  • Junior High Dist: Traverse City Area Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 1834747.2
  • Zoning Description: Planned Unit Development,Site Condominium,Deed Restrictions,Bldg & Use Restrictions

Multi Family

  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Value Increase
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Percent Increase
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2026 01/27/26 For Sale $2,500,000 -- --
Source: Northern Great Lakes REALTORS® MLS

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1941891

Northern Great Lakes REALTORS® MLS