12016 Peninsula Dr, Traverse City, MI 49686

--beds

--baths

0.5Acres

Unimproved Land

Built in ----

0.5 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Premier waterfront parcelApproximately one-half acreSweeping water views

An extraordinary opportunity awaits on iconic Peninsula Drive. Set on approximately one-half acre with 100 feet of private frontage, this premier waterfront parcel offers an exceptional setting for a custom home in one of Traverse City's most prestigious locations. Surrounded by stunning natural beauty and sweeping water views, you'll enjoy the tranquility of waterfront living while remaining just minutes from downtown, renowned wineries, championship golf, beaches, and vibrant dining. Opportunities to own private frontage on Peninsula Drive are exceedingly rare, making this a legacy property worthy of your vision

111 days
456
22

Facts & features

Property

Features

Exterior features: None
Has view: Yes
View description: Water, Bay View
Has water view: Yes
Water view: Water,Bay
Waterfront features: All Sports, Rocky Shoreline, Sandy Bottom, Great Lake, Lake
Body of water: West Bay
Frontage type: Priv Frontage (Across Rd)
Frontage length: 105

Lot

Size: 0.5 Acres
Dimensions: 105 x 222
Features: Sloped, Wooded

Details

Parcel number: 1144001600
Zoning description: Residential

Utilities & green energy

Sewer: Private Sewer, None
Water: Private, None
Utilities for property: Electricity Available, Natural Gas Available

Community & HOA

Community

Features: None
Subdivision: Braemar Estates

Location

Region: Traverse City

Financial & listing details

Tax assessed value: $31,203
Annual tax amount: $1,436
Price range: $775K - $775K
Date on market: 7/27/2026
Cumulative days on market: 293 days
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/27/2026	Listed for sale	$775,000
Source: NGLRMLS #1948492 Report a problem
7/17/2026	Listing removed	$775,000-29.5%
Source: NGLRMLS #1941724 Report a problem
1/16/2026	Price change	$1,100,000+41.9%
Source: NGLRMLS #1941725 Report a problem
1/16/2026	Listed for sale	$775,000
Source: NGLRMLS #1941724 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,436 +74.7%	$49,400
2024	$822 +5%	$49,400 +19.9%
2023	$783 +7.1%	$41,200 -19.5%
2022	$731 +1%	$51,200
2021	$723 -39.9%	$51,200 +24.9%
2020	$1,204	$41,000 +18.5%
2019	$1,204 +2.1%	$34,600 +0.3%
2018	$1,180	$34,500
2017	--	$34,500 +3.6%
2016	--	$33,300
2014	--	$33,300
2012	--	$33,300 +1.5%
2011	--	$32,800 -29.5%
2010	--	$46,500 +17.7%
2009	--	$39,500
2008	--	$39,500 -10%
2007	--	$43,900 +64.4%
2005	--	$26,700 +5.8%
2004	--	$25,230 +2.5%
2003	--	$24,615 +6.6%
2002	--	$23,100 +16.7%
2001	--	$19,800 +12.5%
2000	--	$17,600