NOT LISTED FOR SALE

7590 Peninsula Dr Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $958,000 - $1,707,179

1.3 Acres
$990,419 Price per Acre
56,628 Sq Ft Lot

Last Sold June 03, 2021

Last sale price $1,200,000 $885 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,792/month

25 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • High Speed Internet
  • Central High School Rated A-
  • Bay View

About This Lot

As of June 2021

MILLION DOLLAR VIEWS, PRIVACY and PRIVATE FRONTAGE on West Bay. Special 1.3 acre parcel perched high with incredible views spanning Traverse City to Suttons Bay. Stroll down to your private 80' of frontage, plenty of room for a dock and water toys. HIGHLY DESIRABLE close-in location — downtown is just minutes away! Home on the property is boarded up and a tear-down and is not accessible. Viewing of property are BY APPOINTMENT ONLY- All showings must sign a Hold Harmless before walking parcel. Information is accurate but not guaranteed. Buyer to verify all information.

Last Agent to Sell the Property

Ted Schweitzer

REO-TCFront-233021 License #6501377647 Listed on: 04/29/2021

REO-TCFront-233021

Last Buyer's Agent

Linda Schaub

REO-TCRandolph-233022 License #6501290614

REO-TCRandolph-233022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,317

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 80x707
  • Private Waterfront
  • 80 Feet of Waterfront
  • Sloped Lot
  • The community has rules related to zoning restrictions

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Bay Views
  • Deeded Waterfront Access Rights
  • Property is near a Great Lake

Property Details

Property Type

Land

Est. Annual Taxes

$9,317

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Section Number: 25
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 923076.92
  • Range: R 11W

Exterior Features

  • Body Of Water: West Bay
  • Exterior Features: Bay View
  • Number Of Acres: 1.3
  • Road: Public Maintained, Blacktop
  • Water Features: Priv Frontage (Across Rd), Water View, Great Lake
  • Waterfront Frontage: 80

Utilities

  • Utilities Available: Cable Tv, Electric, Cable Internet, Natural Gas
  • Waste Available: Municipal
  • Waste Installed: Municipal
  • Water Available: Municipal Water
  • Water Installed: Municipal

Association/Amenities

  • Development Name: metes & bounds

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Sloping
  • Lot Dimensions: 80x707
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Metes And Bounds

Tax Info

  • Summer Taxes: 3,751.27
  • Winter Taxes: 861.07
  • Year Summer: 2020
  • Year Winter: 2020

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2012
Current Estimated Value
$1,287,545

Purchase Details

Closed on
Aug 3, 2012

Purchase Details

Closed on
Mar 11, 2002

Purchase Details

Closed on
Sep 30, 1994
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
-- -- --
-- -- --
-- -- --
-- $140,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $1,200,000 +9.1% $885 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $1,100,000 -- $811 / 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 $9,317 $272,000 $0 $0
2024 $7,388 $278,800 $0 $0
2023 $7,053 $210,500 $0 $0
2022 $9,728 $212,200 $0 $0
2021 $4,666 $210,500 $0 $0
2020 $4,612 $191,100 $0 $0
2019 $4,592 $189,700 $0 $0
2018 $9,151 $187,500 $0 $0
2017 -- $168,400 $0 $0
2016 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $212,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ted Schweitzer

    Seller's Agent in 2021

    Ted Schweitzer

    Real Estate One

    (231) 645-5656

    47 in this area

    123 Total Sales

    Ted Schweitzer
    Section Image
  • Linda Schaub

    Buyer's Agent in 2021

    Linda Schaub

    Real Estate One

    (231) 933-9581

    27 in this area

    571 Total Sales

    Linda Schaub
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1886700

Northern Great Lakes REALTORS® MLS

APN: 11-325-018-00

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

7590 Peninsula Dr, Traverse City, MI

This home is located at 7590 Peninsula Dr, Traverse City, MI 49686 since 29 April 2021 and is currently estimated at $1,287,545, approximately $949 per square foot. 7590 Peninsula 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.

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