$2,150,000
$300K PRICE DROP

Estimated payment $12,265/month

Total Views 6,872
3 Beds
3 Baths
2,771 Sq Ft
$776 Price per Sq Ft

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Bay View
  • Central High School Rated A-
  • Sandy Beach
  • 3.27 Acre Lot

About This Home

Welcome to 12142 Peninsula. This unique setting and style combination are reminiscent of an upscale one of a kind country lodge, Inside, you will be captivated by the 28-foot ceilings and solid oak authentic timber frame structure complementing the floor-to-ceiling stone wood burning fireplace. In addition, none of the interior and exterior walls are load bearing, The spacious living area, featuring solid doors throughout, hickory floors and custom bookcases, creating a warm and inviting atmosphere for relaxation and entertainment. In addition to the bedrooms, the den and loft can also be used as sleeping areas. The construction of the walls includes six-inch foam panels behind the exterior siding and under the roof, ensuring interior warmth in the winter and comfortably cool summer days. This residence is as functional as it is beautiful. A rare combination of waterfront and acreage that embodies elegance and tranquility. This parcel has not been cleared to reveal the magic of the waterfront and views hidden by the trees. Nestled on 3.27 acres of picturesque land, this one-of-a-kind property boasts 287 feet of private frontage on West Bay, offering views of Power Island and stunning sunsets. The exterior features a large porch facing the bay. The home has undergone updates, including a new roof in 2011 and an updated septic system in 2019. With the flexibility for modern design, this property provides an exceptional opportunity to create your dream waterfront lifestyle. Come experience the perfect blend of privacy and picturesque surroundings at this extraordinary Traverse City gem. *There are a few pictures that have been altered and disclosed to show potential views if some trees are cleared.* The piano stays with the home. A new appraisal has been completed to support the asking price. Seller will share with a qualified offer.

Listing Agent

Leslie Young

Coldwell Banker Schmidt Traver License #6501259040 Listed on: 08/07/2025

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,865

Year Built

  • Built in 1988

Lot Details

  • 3.27 Acre Lot
  • Lot Dimensions are 287x627x200x586
  • Private Waterfront
  • 287 Feet of Waterfront
  • Sandy Beach
  • Bluff on Lot
  • Sloped Lot
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Block Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,771 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Beamed Ceilings
  • Cathedral Ceiling
  • Whole House Fan
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Mud Room
  • Formal Dining Room
  • Den
  • Bay Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space
  • Basement Windows

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access To Lake
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near a Great Lake

Utilities

  • Well
  • Natural Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,865

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2+ Story
  • Estimated Year Built: 1988
  • Construction: Timber Frame
  • Private Shared: Private
  • Section Number: 32
  • Year Updated: 2025
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1988

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Washer, Dryer, Ceiling Fan, Whole House Fan/Attic Fan, Natural Gas Water Heater
  • Interior Amenities: Skylights, Cathedral Ceilings, Built-In Bookcase, Walk-In Closet(s), Pantry, Breakfast Nook, Solid Surface Counters, Mud Room, Formal Dining Room, Den/Study, Beamed Ceilings, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 14.4x14.2, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 16.7x14, On Level: Upper Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 14.5x12.11, On Level: Upper Floor, Flooring: Wood
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 3
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 13.4x11.2, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 12.5x11.5, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 28x13.2, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 12.5x8, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 2771
  • Estimated Below Grade Unfinished Sq Ft: 1574
  • Price Per Sq Ft: 775.89
  • Range: R 10W
  • Total Finished Sf Apx: 2771

Exterior Features

  • Body Of Water: West Bay
  • Exterior Features: Bay View, Covered Porch, Garden Area, Porch, Gutters
  • Exterior Finish: Wood
  • Foundation: Full, Crawl Space, Block, Daylight Windows, Unfinished, Entrance Inside
  • Number Of Acres: 3.27
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Across Rd), Water View, Sandy Bottom, Bluff (less than 10ft), Great Lake, Private Lake, Stony Bottom, Bay View
  • Waterfront Frontage: 287

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Hot Water
  • Laundry: On Level: Main Floor, Flooring: Vinyl
  • Sewer: Private Septic
  • Tv Service Internet Avail: Dish TV, Cable TV, Cable Internet, WiFi
  • Water: Private Well

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Previously Farmed, Sloping
  • Lot Dimensions: 287x627x200x586
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,865 $1,020,700 $0 $0
2024 $4,516 $759,300 $0 $0
2023 $4,321 $494,700 $0 $0
2022 $6,185 $508,200 $0 $0
2021 $5,774 $494,700 $0 $0
2020 $5,715 $426,100 $0 $0
2019 $5,745 $403,900 $0 $0
2018 $7,692 $379,900 $0 $0
2017 -- $342,600 $0 $0
2016 -- $336,100 $0 $0
2014 -- $335,000 $0 $0
2012 -- $298,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 Price Changed $2,150,000 -12.2% $776 / Sq Ft
08/07/2025 08/07/25 For Sale $2,450,000 -- $884 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed -- --
Deed $48,000 --
Source: Public Records

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Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1937297

Northern Great Lakes REALTORS® MLS

APN: 11-132-007-40