NOT LISTED FOR SALE

15877 Waters Edge Dr Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $2,275,000 - $2,451,000

4 Beds
3.5 Baths
3,458 Sq Ft
$678/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $2,175,000 $629 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $16,589/month

4 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 1,500 Feet of Waterfront
  • Sandy Beach
  • Central High School Rated A-
  • Private Dock
  • New Construction

About This Home

As of August 2023

Welcome to the epitome of luxury living in Northern Michigan! Nestled along the tranquil shores of East Grand Traverse Bay, this stunning home offers an unrivaled lifestyle experience. Boasting breathtaking panoramic views that stretch as far as the eye can see, this residence promises to be a private oasis for its new owner. Crafted with meticulous attention to detail and high-quality construction, this waterfront abode exudes elegance and sophistication at every turn. From the moment you step foot inside, you'll be captivated by the seamless fusion of modern amenities and timeless charm. Every inch of this residence reflects the perfect balance between opulence and comfort, creating a welcoming ambiance. The heart of this home lies in its generous living spaces, designed to accommodate both grand gatherings and intimate moments. Expansive windows line the walls, allowing an abundance of natural light to illuminate the interiors and bringing the breathtaking outdoors in. Imagine waking up to awe-inspiring sunrises and unwinding with picturesque sunsets every day. Beyond its architectural splendor, this luxury waterfront property is situated in a highly sought-after, community-focused subdivision. Here, residents enjoy the warm camaraderie of like-minded individuals, creating a sense of belonging and a strong sense of community spirit. Whether it's friendly gatherings, outdoor activities, or leisurely strolls along the shore, this neighborhood offers an array of opportunities to forge lasting connections. Indulge in a life of comfort, exclusivity, and natural beauty at Peninsula Shores. This luxury waterfront home in Northern Michigan presents an exceptional opportunity to experience the very best of lakeside living.

Last Agent to Sell the Property

Kyle O'Grady

REMAX Bayshore - Union St TC License #6501407456 Listed on: 07/28/2023

REMAX Bayshore - Union St TC

Last Buyer's Agent

Kyle O'Grady

REMAX Bayshore - Union St TC License #6501407456 Listed on: 07/28/2023

REMAX Bayshore - Union St TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,381

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 122x170x118x225
  • 1,500 Feet of Waterfront
  • Sandy Beach
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Farmhouse Style Home
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Stone Siding

Interior Spaces

  • 3,458 Sq Ft Home
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Bay Window
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Den
  • Game Room
  • Home Gym
  • Radiant Floor
  • Bay Views

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Lake Privileges
  • Deck
  • Rain Gutters

Location

  • Property is near a Great Lake

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Well
  • Natural Gas Water Heater
  • Water Heated On Demand
  • Water Softener is Owned
  • Community Sewer or Septic
  • Cable TV Available

Community Details

Overview

  • Association fees include sewer, liability insurance
  • Peninsula Shores Community

Amenities

  • Common Area

Recreation

  • Water Sports
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,381

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Contemporary, Farm House, 1 Story
  • Estimated Year Built: 2022
  • Construction: 2x6 Framing, Frame, New Construction
  • Private Shared: Shared
  • Section Number: 14
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2022

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Freezer, Exhaust Fan, Ceiling Fan, Natural Gas Water Heater, On Demand Water Heater, Smoke Alarms(s)
  • Interior Amenities: Cathedral Ceilings, Bay Window(s), Foyer Entrance, Walk-In Closet(s), Wet Bar, Pantry, Solid Surface Counters, Island Kitchen, Mud Room, Great Room, Den/Study, Exercise Room, Game Room, Vaulted Ceilings, Drywall
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 18x15, On Level: Main Floor
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 21x15, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 25x30, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1931
  • Estimated Below Grade Finished Sq Ft: 1527
  • Estimated Below Grade Unfinished Sq Ft: 407
  • Price Per Sq Ft: 628.98
  • Range: R 10W
  • Total Finished Sf Apx: 3458

Exterior Features

  • Body Of Water: East Bay
  • Exterior Features: Bay View, Sprinkler System, Deck, Landscaped, Gutters
  • Exterior Finish: Stone, Press Board
  • Foundation: Full, Walkout, Poured Concrete, Daylight Windows, Finished Rooms, Full Finished
  • Number Of Acres: 0.53
  • Road: Cul-de-Sac, Association, Blacktop, Privately Maintained
  • Roof: Asphalt, Metal
  • Water Features: All Sports, Water View, Private Dock, Soft Bottom, Sandy Bottom, Available for Purchase, Great Lake, Public Lake, Bay View
  • Waterfront Frontage: 1500

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 3
  • Primary Garage: Attached, Door Opener, Paved Driveway, Heated, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas, Insert, Wood
  • Heating Cooling Types: Forced Air, Central Air, Zoned/Dual, Radiant Floor
  • Laundry: On Level: Main Floor
  • Sewer: Development Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Private Well

Condo/Co-op/Association

  • HOA Fee Includes: Sewer, Liability Insurance
  • Annual Association Fees: 2500
  • Association Fees: Annual

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Pets Allowed, Common Area, Trails
  • Development Name: Peninsula Shores

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 31
  • Deeded Waterfront: Yes
  • Land Features: Cleared, Wooded, Level, Sloping
  • Lot Dimensions: 122x170x118x225
  • Parcel Description: Site Condo, Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 15, 2023
Sold by
Ogrady Kevin and Ogrady Vicki
Bought by
Kish Tim
Seller's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
Buyer's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
List Price
$2,350,000
Sold Price
$2,175,000
Premium/Discount to List
-$175,000
-7.45%
Views
13
Current Estimated Value
$2,342,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,935
Avg. Annual Appreciation
3.75%

Purchase Details

Listed on
Jul 28, 2023
Closed on
Jul 28, 2023
Sold by
Ash Elizabeth A
Bought by
Ogrady Kevin
Seller's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
Buyer's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
List Price
$2,350,000
Sold Price
$2,175,000
Premium/Discount to List
-$175,000
-7.45%
Views
13

Purchase Details

Listed on
Sep 15, 2022
Closed on
Sep 28, 2022
Sold by
Ogrady Bldg Co At Penn Shrs
Bought by
Ash Elizabeth A
Seller's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
Buyer's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
List Price
$1,995,000
Sold Price
$1,955,000
Premium/Discount to List
-$40,000
-2.01%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.88%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kish Tim $2,175,000 --
Ogrady Kevin $2,000,000 --
Ash Elizabeth A $1,955,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $2,175,000 -7.4% $629 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $2,350,000 +20.2% $680 / Sq Ft
09/28/2022 09/28/22 Sold $1,955,000 -2.0% $565 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $1,995,000 -- $577 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

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 $43,381 $1,010,800 $0 $0
2024 $34,399 $942,500 $0 $0
2023 $16,276 $175,000 $0 $0
2022 $17,877 $778,100 $0 $0
2021 $1,115 $175,000 $0 $0
2020 $1,625 $170,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kyle O'Grady

    Seller's Agent in 2023

    Kyle O'Grady

    RE/MAX Michigan

    (231) 499-9999

    31 in this area

    102 Total Sales

    Kyle O'Grady
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1913896

Northern Great Lakes REALTORS® MLS

APN: 11-609-031-00

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

15877 Waters Edge Dr, Traverse City, MI

This home is located at 15877 Waters Edge Dr, Traverse City, MI 49686 since 28 July 2023 and is currently estimated at $2,342,935, approximately $677 per square foot. This property was built in 2022. 15877 Waters Edge Dr is a home located in Grand Traverse County with nearby schools including East Middle School and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

Nearby Homes