$6,999,900

Estimated payment $39,783/month

Total Views 24,092
1.41 Acres
$4,964,468 Price per Acre
61,420 Sq Ft Lot

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Bay View
  • Central High School Rated A-
  • Sandy Beach
  • 1.41 Acre Lot

About This Lot

Waterfront! Incredible opportunity for a commercially zoned waterfront development site within walking distance to downtown Traverse City and brand new tennis/pickleball courts and shuffleboard at the public Senior Center beach. 132' on West Grand Traverse Bay offers unparalleled sweeping views of Old Mission, Leelanau, Power Island, Maritime Academy and downtown. HR zoning allows for hotel, restaurant, bar, condominiums and short term rentals. Deep lot totaling 1.41 acres makes this an ideal redevelopment opportunity. No value in existing structures.

Listing Agent

Daniel Stiebel

Coldwell Banker Schmidt Traver License #6502352362 Listed on: 01/28/2025

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,591

Lot Details

  • 1.41 Acre Lot
  • Lot Dimensions are 132x460
  • Private Waterfront
  • 132 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

Utilities

  • High Speed Internet
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Bay Views
  • Property is near a Great Lake

Community Details

Overview

  • Terrace Beach Motel Community

Recreation

  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$20,591

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Section Number: 2
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 4964468.09
  • Range: R 11W

Exterior Features

  • Body Of Water: West Bay
  • Exterior Features: Sidewalks, Bay View
  • Number Of Acres: 1.41
  • Road: Blacktop
  • Water Features: Priv Frontage (Wtr Side), Water View, Sandy Bottom, Great Lake, Sandy Shoreline, Bay View
  • Waterfront Frontage: 132

Utilities

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

Association/Amenities

  • Development Name: Terrace Beach Motel

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 132x460
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family, Commercial

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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 $20,591 $1,688,400 $0 $0
2024 $19,022 $1,587,200 $0 $0
2023 $17,845 $774,800 $0 $0
2022 $18,414 $1,083,100 $0 $0
2021 $17,970 $774,800 $0 $0
2020 $17,774 $643,800 $0 $0
2019 $17,625 $636,300 $0 $0
2018 $17,246 $525,400 $0 $0
2017 -- $521,400 $0 $0
2016 -- $520,800 $0 $0
2014 -- $513,800 $0 $0
2012 -- $481,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 For Sale $6,999,900 -- --
Source: Northern Great Lakes REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1930446

Northern Great Lakes REALTORS® MLS

APN: 51-642-013-00