NOT LISTED FOR SALE

2088 Phelps Rd Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $1,361,000 - $1,453,494

1.06 Acres
$1,341,979 Price per Acre
46,174 Sq Ft Lot

Last Sold August 18, 2020

Last sale price $690,000

Est. 106% increase in value since last sale

Current estimated payment $8,660/month

5 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Wooded Lot
  • Central High School Rated A-
  • Bay View
  • Level Lot

About This Lot

As of August 2020

125 feet of private waterfront on Old Mission Peninsula. Build your retreat on just over an acre of secluded West Bay frontage with one of the most beautiful commutes in the region - the only building restrictions are dictated by township regulations. All of the peninsula's conveniences are located within just a few miles - pick up conveniences at Peninsula Market, become regulars at a half dozen restaurants, and share award winning wineries with guests. Everyone will want to get away to this beautiful parcel! Also offered with MLS No. 1876166.

Last Agent to Sell the Property

Nan Ray

CENTURY 21 Northland License #6501399990 Listed on: 06/19/2020

CENTURY 21 Northland

Last Buyer's Agent

Scott Hardy

Coldwell Banker Schmidt Traver License #6501306294

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,085

Lot Details

  • 1.06 Acre Lot
  • Private Waterfront
  • 125 Feet of Waterfront
  • Level Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Schools

  • Eastern Elementary School
  • Traverse City East Middle School
  • Central High School

Utilities

  • Well
  • Private or Community Septic Tank

Additional Features

  • Bay Views
  • Mineral Rights

Community Details

  • Water Sports
  • Deeded Waterfront Access Rights
  • Property is near a lake

Property Details

Property Type

Land

Est. Annual Taxes

$11,085

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: 650943.4
  • Range: R 10W

Exterior Features

  • Body Of Water: West Bay
  • Exterior Features: Bay View
  • Number Of Acres: 1.06
  • Road: Public Maintained, Gravel
  • Water Features: Priv Frontage (Wtr Side), Water View, All Sports, Public Lake, Bay View
  • Waterfront Frontage: 125

Utilities

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

Association/Amenities

  • Development Name: Metes & Bounds

Schools

  • School District: Traverse City Area Public Schools
  • Elementary School: Eastern Elementary School
  • Middle School: Traverse City East Middle School
  • High School: Central High School

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level, Wooded
  • Lot Dimensions: Survey Attached
  • Mineral Rights: Yes
  • Zoning Use Restrictions: Residential

MLS Schools

  • Elementary School: Eastern Elementary School
  • HighSchool: Central High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City East Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Dohm Fred & Coulter Va
Bought by
Betz Zuri
Current Estimated Value
$1,422,498
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
Betz Zuri $1,400,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2020 08/18/20 Sold $690,000 0.0% --
06/19/2020 06/19/20 For Sale $690,000 -- --
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 $11,085 $1,330,500 $0 $0
2024 $8,790 $878,500 $0 $0
2023 $8,391 $589,800 $0 $0
2022 $10,014 $738,900 $0 $0
2021 $5,313 $589,800 $0 $0
2020 $4,315 $531,500 $0 $0
2019 $4,296 $335,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nan Ray

    Seller's Agent in 2020

    Nan Ray

    CENTURY 21 Northland

    (231) 642-1805

    10 in this area

    106 Total Sales

    Nan Ray
    Section Image
  • Scott Hardy

    Buyer's Agent in 2020

    Scott Hardy

    Coldwell Banker Schmidt Traver

    (231) 492-5898

    1 in this area

    32 Total Sales

    Scott Hardy
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1876168

Northern Great Lakes REALTORS® MLS

APN: 11-109-029-04

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

2088 Phelps Rd, Traverse City, MI

This home is located at 2088 Phelps Rd, Traverse City, MI 49686 since 19 June 2020 and is currently estimated at $1,422,498. 2088 Phelps 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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