7320 Peninsula Dr Traverse City, MI 49686
Old Mission Peninsula NeighborhoodEstimated payment $5,815/month
Total Views
65,001
4
Beds
3
Baths
2,931
Sq Ft
$341
Price per Sq Ft
Highlights
- Bay View
- Colonial Architecture
- Wooded Lot
- Central High School Rated A-
- Deck
- Vaulted Ceiling
About This Home
This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare find—offering timeless charm, thoughtful updates, and a highly sought-after location. From the moment you step inside, natural light and warm, modern finishes set the tone for an inviting and comfortable home. The main floor was designed for connection and entertaining, featuring a fully renovated kitchen with custom cabinetry, quartz countertops, and an expansive island that flows seamlessly into the dining area. Enjoy open views of West Bay while sharing meals, then unwind by the fire in either of the home’s two living spaces—one offering a cozy, intimate feel and the other showcasing vaulted ceilings and a bright, airy atmosphere. A flexible office/studio nook adds to the versatility of the main level. The spacious primary suite, conveniently located on the main floor, offers a private retreat with a walk-in closet and en-suite bath. Upstairs, you’ll find three additional bedrooms and a full bath—perfect for family or guests. Outdoors, the property truly shines. The large, landscaped, manicured parcel is ideal for lawn games, entertaining, enjoying the pond, or simply soaking in the beauty of Peninsula living. A generous back deck provides the perfect space for grilling, dining under the stars, or gathering with friends after a great day on the Bay. Whether you’re seeking a year-round residence or a Northern Michigan retreat, this home checks every box for comfort, convenience, and lifestyle.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,405
Year Built
- Built in 1950 | Remodeled in 2020
Lot Details
- 0.8 Acre Lot
- Lot Dimensions are 100 x 349
- Landscaped
- Level Lot
- Sprinkler System
- Cleared Lot
- Wooded Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Circular Driveway
- Open Parking
Property Views
- Bay
- Seasonal
Home Design
- Colonial Architecture
- Poured Concrete
- Fire Rated Drywall
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2,931 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Wood Burning Fireplace
- Gas Fireplace
- Blinds
- Bay Window
- Mud Room
- Great Room
- Formal Dining Room
- Den
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
- Instant Hot Water
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Ductless Heating Or Cooling System
- Humidifier
- Multiple cooling system units
- Forced Air Heating System
- Heating System Uses Natural Gas
- Vented Exhaust Fan
- Gas Water Heater
Map
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Home Values in the Area
Average Home Value in this Area
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 | $7,178 | $333,500 | $0 | $0 |
| 2024 | $4,722 | $263,100 | $0 | $0 |
| 2023 | $4,518 | $217,900 | $0 | $0 |
| 2022 | $6,467 | $234,000 | $0 | $0 |
| 2021 | $5,677 | $217,900 | $0 | $0 |
| 2020 | $9,397 | $209,900 | $0 | $0 |
| 2019 | $4,785 | $194,500 | $0 | $0 |
| 2018 | $6,407 | $170,400 | $0 | $0 |
| 2017 | -- | $169,900 | $0 | $0 |
| 2016 | -- | $158,100 | $0 | $0 |
| 2014 | -- | $142,800 | $0 | $0 |
| 2012 | -- | $136,200 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/16/2025 12/16/25 | For Rent | $4,500 | 0.0% | -- | |
| 11/12/2025 11/12/25 | Price Changed | $1,000,000 | -9.1% | $341 / Sq Ft | |
| 10/19/2025 10/19/25 | For Sale | $1,100,000 | 0.0% | $375 / Sq Ft | |
| 10/10/2025 10/10/25 | Pending | -- | -- | -- | |
| 09/24/2025 09/24/25 | For Sale | $1,100,000 | +141.8% | $375 / Sq Ft | |
| 12/31/2019 12/31/19 | Sold | $455,000 | -6.2% | $168 / Sq Ft | View Prior Sale |
| 10/14/2019 10/14/19 | Price Changed | $485,000 | -2.0% | $179 / Sq Ft | |
| 09/04/2019 09/04/19 | For Sale | $495,000 | +67.8% | $183 / Sq Ft | |
| 05/03/2016 05/03/16 | Sold | $295,000 | -1.7% | $109 / Sq Ft | View Prior Sale |
| 02/16/2016 02/16/16 | Pending | -- | -- | -- | |
| 01/26/2016 01/26/16 | For Sale | $300,000 | 0.0% | $111 / Sq Ft | |
| 10/10/2012 10/10/12 | Rented | $1,750 | 0.0% | -- | |
| 09/26/2012 09/26/12 | Under Contract | -- | -- | -- | |
| 08/29/2012 08/29/12 | For Rent | $1,750 | -- | -- |
Source: Northern Great Lakes REALTORS® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $455,000 | -- | |
| Deed | $295,000 | -- | |
| Deed | $150,000 | -- | |
| Deed | $140,300 | -- | |
| Deed | $137,600 | -- | |
| Deed | $130,200 | -- | |
| Deed | $125,000 | -- |
Source: Public Records
About the Listing Agent
I was born and raised in Traverse City, Michigan, and I’ve never wanted to be anywhere else. As a 1997 graduate of Traverse City High School, I’ve lived in multiple homes throughout the area my entire life, giving me a firsthand perspective that’s hard to match. Alongside my amazing wife, Jenni Craig, I proudly serve this community as an Associate Broker with @properties
and Christie's International Real Estate. Together, we bring over 45 years of combined experience in the automotive and
Ryan's Other Listings
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1938929
APN: 11-325-055-00
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.
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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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