NOT LISTED FOR SALE

16873 Legacy Rd Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $480,000 - $1,180,000

1.33 Acres
$624,060 Price per Acre
57,935 Sq Ft Lot

Last Sold August 25, 2020

Last sale price $1,000,000

Est. 17% decrease in value since last sale

Current estimated payment $5,518/month

114 Days on Market

Highlights

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

About This Lot

As of August 2020

Extraordinary, breathtaking blue water views and a pure sand beach that is unsurpassed for swimming and boating can be the site of your new home. Property is amazingly private, high and dry and with a new driveway that provides easy access to this gorgeous 1.3 acre parcel. There is a cleared building site and electric service available at the road. This is truly one of the most beautiful waterfront parcels remaining on Old Mission Peninsula.

Last Agent to Sell the Property

Maureen Penfold

REMAX Bayshore - Union St TC License #6501239126 Listed on: 04/06/2020

REMAX Bayshore - Union St TC

Last Buyer's Agent

Maureen Penfold

REMAX Bayshore - Union St TC License #6501239126 Listed on: 04/06/2020

REMAX Bayshore - Union St TC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,941

Lot Details

  • 1.33 Acre Lot
  • Lot Dimensions are 170x388x114x467
  • Private Waterfront
  • 170 Feet of Waterfront
  • Property fronts an easement
  • Sandy Beach
  • Bluff on Lot
  • Level Lot
  • The community has rules related to zoning restrictions

Property Views

  • Bay Views
  • Countryside Views

Location

  • Property is near a Great Lake

Utilities

  • Well
  • Private or Community Septic Tank
  • Phone Available

Community Details

Overview

  • Metes And Bounds Community

Recreation

  • Water Sports
  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$11,941

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Section Number: 9
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 751879.7
  • Range: R 10W

Exterior Features

  • Body Of Water: West Bay
  • Exterior Features: Bay View, Countryside View
  • Number Of Acres: 1.33
  • Road: Private Owned, Easement
  • Water Features: Priv Frontage (Wtr Side), Water View, All Sports, Sandy Bottom, Bluff (less Than 10ft), Great Lake, Sandy Shoreline
  • Waterfront Frontage: 170

Utilities

  • Utilities Available: Electric, Telephone
  • Waste Available: Private Septic
  • Water Available: Private Well

Association/Amenities

  • Development Name: Metes and Bounds

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level, Rolling, Hardwoods, Evergreens
  • Lot Dimensions: 170x388x114x467
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Metes And Bounds

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2015
Current Estimated Value
$830,000

Purchase Details

Closed on
May 27, 2008

Purchase Details

Closed on
Jan 16, 1998
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
-- -- --
-- -- --
-- $125,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold $1,000,000 -9.1% --
04/06/2020 04/06/20 For Sale $1,100,000 -- --
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 $11,941 $629,100 $0 $0
2024 $9,469 $565,600 $0 $0
2023 $9,039 $227,800 $0 $0
2022 $10,787 $353,500 $0 $0
2021 $10,176 $227,800 $0 $0
2020 $7,161 $220,000 $0 $0
2019 $7,130 $220,000 $0 $0
2018 $11,282 $220,000 $0 $0
2017 -- $196,400 $0 $0
2016 -- $196,400 $0 $0
2014 -- $193,300 $0 $0
2012 -- $193,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maureen Penfold

    Seller's Agent in 2020

    Maureen Penfold

    RE/MAX Michigan

    (231) 883-3133

    3 in this area

    72 Total Sales

    Maureen Penfold
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1873474

Northern Great Lakes REALTORS® MLS

APN: 11-109-025-10

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

16873 Legacy Rd, Traverse City, MI

This home is located at 16873 Legacy Rd, Traverse City, MI 49686 since 06 April 2020 and is currently estimated at $830,000. 16873 Legacy Rd 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.

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