$1,195,000
SOLD MAY 7, 2025

7878 Outer Dr S Traverse City, MI 49685

5 Beds
3 Baths
3,295 Sq Ft
1.38 Acres

Recently Sold

$363 Per Sq Ft

20% Below List Price

209 Days on Market

Highlights

  • Private Waterfront
  • Sandy Beach
  • Deck
  • Deeded Waterfront Access Rights
  • Lake Privileges
  • Wooded Lot

About This Home

As of May 2025

Waterfront living on Long Lake, one of TC’s premier lakes. Private oasis on this beautifully landscaped lot in “Fannings Cove” which offers protective boat mooring. Custom designed elegant home w/ an exceptional layout & plenty of storage. The living rm features a massive stone f/p & tv nook, nearly 2 full walls of waterfront windows & soaring ceilings. Living rm flows into a “conversation” library rm w/ built in bookcases & another f/p, which then flows into the dining rm & kitchen. Many large windows offer natural light along w/ stunning lake & yard views. Primary has walk-through closet, deck & lake view. Community park w/ playground, picnic area, volleyball, private boat launch, swim area on cove.

Last Agent to Sell the Property

Marsha Minervini

REMAX Bayshore - Union St TC License #6501278275 Listed on: 10/09/2024

REMAX Bayshore - Union St TC

Last Buyer's Agent

Brian McAllister

BOUWMAN REALTY GROUP License #6504282629

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 1.38 Acre Lot
  • Lot Dimensions are 100 x 175
  • Private Waterfront
  • 100 Feet of Waterfront
  • Property fronts an easement
  • Sandy Beach
  • Fenced Yard
  • Property has an invisible fence for dogs
  • Level Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,295 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Den
  • Home Gym
  • Water Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Shared Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Lake Privileges
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Well
  • Natural Gas Water Heater
  • Water Heated On Demand
  • Cable TV Available

Community Details

Overview

  • Association fees include snow removal
  • Peninsula Estates Community

Amenities

  • Common Area

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1990
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1990

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Freezer, Exhaust Fan, Blinds, Ceiling Fan, Natural Gas Water Heater, On Demand Water Heater, Smoke Alarms(s)
  • Interior Amenities: Skylights, Cathedral Ceilings, Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Pantry, Mud Room, Great Room, Den/Study, Exercise Room, Vaulted Ceilings, Drywall
  • Bedrooms: 5
  • Bedroom 1: Dimensions: 18.05x15.03, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11.07x11.10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10x12.07, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 12.06x11.03, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 29xcombo, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 13.04x14.01, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: combox11.07, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 25.09x25.08, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 14x13.05, On Level: Main Floor, Flooring: Carpet
  • Range: R 12W
  • Total Finished Sf Apx: 3295

Exterior Features

  • Body Of Water: Long Lake
  • Exterior Features: Deck, Fenced Yard, Invisible Pet Fencing
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 1.38
  • Road: Association, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Soft Bottom, Vegetation to Water Edge, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop, Easement, Shared
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Forced Air, Central Air, Humidifier
  • Laundry: Dimensions: 20.01x7.02, On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Private Well

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal
  • Annual Association Fees: 350
  • Association Fees: Annual

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Pets Allowed, Common Area
  • Development Name: Peninsula Estates

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded, Level, Sloping
  • Lot Dimensions: 100 x 175
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
May 5, 2025
Sold by
Weichart Timothy R
Bought by
Devey Arthur and Devey Amy
Seller's Agent
Marsha Minervini
REMAX Bayshore - Union St TC
Buyer's Agent
Brian McAllister
BOUWMAN REALTY GROUP
List Price
$1,500,000
Sold Price
$1,195,000
Premium/Discount to List
-$305,000
-20.33%
Views
306
Current Estimated Value
$1,354,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,019
Avg. Annual Appreciation
21.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $1,195,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2025 05/07/25 Sold $1,195,000 -13.1% $363 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
10/23/2024 10/23/24 Price Changed $1,375,000 -8.3% $417 / Sq Ft
10/09/2024 10/09/24 For Sale $1,500,000 -- $455 / 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 $8,023 $729,900 $0 $0
2024 $5,691 $582,000 $0 $0
2023 $5,446 $407,700 $0 $0
2022 $7,251 $454,900 $0 $0
2021 $7,064 $407,700 $0 $0
2020 $7,014 $378,400 $0 $0
2019 $6,525 $372,800 $0 $0
2018 $6,339 $362,100 $0 $0
2017 -- $367,000 $0 $0
2016 -- $324,600 $0 $0
2014 -- $296,700 $0 $0
2012 -- $308,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1927990

Northern Great Lakes REALTORS® MLS

APN: 08-255-077-10