$4,100,000
NEW CONSTRUCTION $400K PRICE INCREASE

330 (Unit 505) E State St Unit 505 Traverse City, MI 49684

Downtown Traverse City Neighborhood

Estimated payment $27,344/month

Total Views 6,660
4 Beds
4 Baths
2,895 Sq Ft
$1,416 Price per Sq Ft

Highlights

  • Water Views
  • Main Floor Primary Bedroom
  • Elevator
  • Central High School Rated A-
  • Solid Surface Countertops
  • 4-minute walk to American Legion Park

About This Home

Introducing Peninsula Place, a premier five-story residential condominium project in the heart of downtown Traverse City on State Street near the Historic Park Place Hotel. This is a Penthouse Unit featuring a private rooftop garden. Discover luxury living in this exclusive community boasting meticulously designed units with top-notch amenities, superior craftsmanship, and a keen eye for detail. Enjoy the convenience of being within walking distance of all that downtown Traverse City has to offer. With 14 of 35 units available(2 on the 3rd floor, 8 on the 4th floor, and 4 on the 5th floor), short term rental opportunities on the 2nd, 3rd, and 4th floors) you can choose from a range of sizes up to 3000+ sq. ft. Secure indoor parking is available on the first floor (subject to availability at $70,000 each). Units on floors four and five offer stunning Bay views on the north side of the building. Owners will have access to a private and shared rooftop garden, Under Construction with completion scheduled for the Spring of 2026. Explore our layouts online and secure your slice of luxury living at Peninsula Place today. This unit has panoramic bay views, two balcony spaces in addition to the private rooftop terrace/garden.

Listing Agent

Ken Kleinrichert

@properties Christie's Int'l License #6506042006 Listed on: 04/09/2025

Home Details

Home Type

  • Single Family

Year Built

  • 2026

HOA Fees

  • $600 Monthly HOA Fees

Home Design

  • Home to be built
  • Brick Exterior Construction

Interior Spaces

  • 2,895 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Water Views
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

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

Parking

  • 42 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Drive Under Main Level

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Cable TV Available

Additional Features

  • Balcony
  • The community has rules related to zoning restrictions

Community Details

Overview

  • Peninsula Place Community

Amenities

  • Elevator

Home Details

Home Type

Single Family

Year Built

2026

Lot Details

0

HOA Fees

$600 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2+ Story
  • Estimated Year Built: 2026
  • Construction: Brick, To Be Built
  • Section Number: 3
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2026

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Security System
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Solid Surface Counters
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 14x14, On Level: Main Floor
  • Bedroom 2: Dimensions: 12x11.6
  • Total Bathrooms: 4
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 4
  • Full Bathrooms: 4
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 9x13, On Level: Main Floor
  • Living Room: Dimensions: 17x16, On Level: Main Floor
  • Other Room: Dimensions: 9.6x9
  • Estimated Above Ground Finished Sq Ft: 2895
  • Price Per Sq Ft: 1416.23
  • Range: R 11W
  • Total Finished Sf Apx: 2895

Exterior Features

  • Exterior Features: Balcony, Sidewalk
  • Road: Blacktop
  • Water Features: Water View

Garage/Parking

  • Garage Capacity: 42
  • Primary Garage: Attached, Drive Under/Built-In, Door Opener, Alley Entrance, Heated, Concrete Floors

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV
  • Water: Municipal

Condo/Co-op/Association

  • Condo: Yes
  • Condo Unit Access: Stairway (Indoor), Elevator
  • Condo Unit Level: Third Floor Lvl or Higher
  • Association Fees: Monthly
  • Monthly Assn Dues: 600

Association/Amenities

  • Development Name: Peninsula Place

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Commercial, Building-Use Restrictions

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Map

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

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Price Changed $4,100,000 +10.8% $1,416 / Sq Ft
04/09/2025 04/09/25 For Sale $3,700,000 -- $1,278 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Similar Homes in Traverse City, MI

  • 111 E State St Unit PH A, Traverse City, MI 49684

    $3,250,000

    • 5 Beds
    • 3 Baths
    • 2,432 Sq Ft
    • 111 E State St
    • Unit PH A
    • Traverse City, MI

    Introducing the Penthouses at 111 State Street: two full-floor residences, each with its own private elevator, oversized climate-controlled garage, and dedicated rooftop terrace with views of Grand Traverse Bay. Each home offers nearly 3,500 square feet of private interior and exterior living space. The private elevator provides direct access from the lobby into the residence and continues up to

    Lydia Wiley @properties Christie's Int'l

    Section Image
  • 330 (Unit 503) E State St Unit 503, Traverse City, MI 49684

    $4,100,000

    • 4 Beds
    • 4 Baths
    • 2,895 Sq Ft
    • 330 (Unit 503) E State St
    • Unit 503
    • Traverse City, MI

    Introducing Peninsula Place, a premier five-story residential condominium project in the heart of downtown Traverse City on State Street near the Historic Park Place Hotel. This is a Penthouse Unit featuring a private rooftop garden. Discover luxury living in this exclusive community boasting meticulously designed units with top-notch amenities, superior craftsmanship, and a keen eye for detail.

    Ken Kleinrichert @properties Christie's Int'l

    Section Image
  • 207 W Grandview Pkwy Unit 404, Traverse City, MI 49684

    $3,564,936

    • 3 Beds
    • 2.5 Baths
    • 2,956 Sq Ft
    • 207 W Grandview Pkwy
    • Unit 404
    • Traverse City, MI

    Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse City. This forthcoming condominium residence sets a new standard for sophistication and style, unrivaled in the area. Boasting contemporary architecture, premium amenities, and timeless design, this development embodies urban living at its most refined. Discover a selection of five distinct floor plans,

    Dereck Dykes The Mitten Real Estate Group

    Section Image
  • 207 W Grandview Pkwy Unit 405, Traverse City, MI 49684

    $3,850,957

    • 3 Beds
    • 2.5 Baths
    • 3,023 Sq Ft
    • 207 W Grandview Pkwy
    • Unit 405
    • Traverse City, MI

    Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse City. This forthcoming condominium residence sets a new standard for sophistication and style, unrivaled in the area. Boasting contemporary architecture, premium amenities, and timeless design, this development embodies urban living at its most refined. Discover a selection of five distinct floor plans,

    Dereck Dykes The Mitten Real Estate Group

    Section Image
  • 207 W Grandview Pkwy Unit 304, Traverse City, MI 49684

    $3,260,468

    • 3 Beds
    • 2.5 Baths
    • 2,956 Sq Ft
    • 207 W Grandview Pkwy
    • Unit 304
    • Traverse City, MI

    Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse City. This forthcoming condominium residence sets a new standard for sophistication and style, unrivaled in the area. Boasting contemporary architecture, premium amenities, and timeless design, this development embodies urban living at its most refined. Discover a selection of five distinct floor plans,

    Dereck Dykes The Mitten Real Estate Group

    Section Image
  • 207 W Grandview Pkwy Unit 305, Traverse City, MI 49684

    $3,545,979

    • 3 Beds
    • 2.5 Baths
    • 3,023 Sq Ft
    • 207 W Grandview Pkwy
    • Unit 305
    • Traverse City, MI

    Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse City. This forthcoming condominium residence sets a new standard for sophistication and style, unrivaled in the area. Boasting contemporary architecture, premium amenities, and timeless design, this development embodies urban living at its most refined. Discover a selection of five distinct floor plans,

    Dereck Dykes The Mitten Real Estate Group

    Section Image
  • 207 W Grandview Pkwy Unit 204, Traverse City, MI 49684

    $3,154,052

    • 3 Beds
    • 2.5 Baths
    • 2,956 Sq Ft
    • 207 W Grandview Pkwy
    • Unit 204
    • Traverse City, MI

    Breaking ground August 2024! Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse City. This forthcoming condominium residence sets a new standard for sophistication and style, unrivaled in the area. Boasting contemporary architecture, premium amenities, and timeless design, this development embodies urban living at its most refined. Discover a selection of

    Dereck Dykes The Mitten Real Estate Group

    Section Image
  • 207 W Grandview Pkwy Unit 205, Traverse City, MI 49684

    $3,225,541

    • 3 Beds
    • 2.5 Baths
    • 3,023 Sq Ft
    • 207 W Grandview Pkwy
    • Unit 205
    • Traverse City, MI

    Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse City. This forthcoming condominium residence sets a new standard for sophistication and style, unrivaled in the area. Boasting contemporary architecture, premium amenities, and timeless design, this development embodies urban living at its most refined. Discover a selection of five distinct floor plans,

    Sarah Dykes The Mitten Real Estate Group

    Section Image
  • 2721 Nelson Rd, Traverse City, MI 49686

    $4,399,000

    • 5 Beds
    • 6 Baths
    • 6,945 Sq Ft
    • 2721 Nelson Rd
    • Traverse City, MI

    Old Mission Peninsula’s Most Photographed Home – Iconic Green Design by William McDonough. One-of-a-kind sustainable estate with 360 development, protected views of Grand Traverse Bay, vineyards, and orchards. Designed by world-renowned green architect William McDonough, this 5-bed, 6-bath home offers environmentally conscious luxury across 8.44 acres with producing vineyards (Merlot, Gamay Noir,

    Shawn Schmidt Smith Coldwell Banker Schmidt Traver

    Section Image
See All Homes in Traverse City

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1932273

Northern Great Lakes REALTORS® MLS

Michigan Grand Traverse County Traverse City 49684 Downtown Traverse City

330 (Unit 505) E State St Unit 505, Traverse City, MI

This home is located at 330 (Unit 505) E State St Unit 505, Traverse City, MI 49684 and is currently priced at $4,100,000, approximately $1,416 per square foot. This property was built in 2026. 330 (Unit 505) E State St Unit 505 is a home located in Grand Traverse County with nearby schools including Central Grade School, 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
Ken Kleinrichert
Listing Agent
Ken Kleinrichert
Section Image
@properties Christie's Int'l
(231) 774-3075