Great news for this exceptional property on Old Mission Peninsula- Buyers can assume sellers 3.8 interest rate with an annual dividend return. Boasting over 60 acres of stunning countryside views & a luxurious stately home, it is just a 5-minute drive to all major wineries, local pubs, live music at Mission Proper & the renowned Boat House Restaurant. The orchard features high-density Honey Crisp apples and is managed by the largest family-owned farmers in the area. Even if you're not an experienced farmer, there's no need to worry as the local farmer takes care of everything, and profits are shared at the end of the year. The large 60x40 pole barn is perfect for storage of boats/tractors. Robert Yvonne designed this 4,500 sq ft home with ample windows to soak in the countryside & plenty of room for entertaining- even it's own pub-like finished lower level This 4 bedrooms/ 4 bathrooms, each thoughtfully designed with luxurious finishes like heated floors & big spacious rooms. Outfitted with high-end fixtures & finishes, including a top of the line gourmet kitchen as well as a nice gym with Ai Tonal gym (Google it!). With privacy rights to the south, your breathtaking views will never be obstructed. Additionally, the property is currently listed with the county as agricultural land, providing attractive tax benefits.
Sold for $2,750,000
$2,750,000
14588 Peninsula Dr, Traverse City, MI 49686
4beds
4,500sqft
Single Family Residence
Built in 2007
60 Acres Lot
$3,016,700 Zestimate®
$611/sqft
$6,434 Estimated rent
Home value
$3,016,700
$2.68M - $3.38M
$6,434/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Shawn Schmidt Cell:231-499-1990,
Coldwell Banker Schmidt Traver 231-922-2350
Bought with:
Janet Piscopo, 6506041607
Coldwell Banker Schmidt-Bellai
Source: NGLRMLS,MLS#: 1921615
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Great Room, Workshop
Primary bedroom
- Level: Main
- Area: 257.18
- Dimensions: 15.4 x 16.7
Bedroom 2
- Level: Upper
- Area: 228.8
- Dimensions: 17.6 x 13
Bedroom 3
- Level: Upper
- Area: 202.8
- Dimensions: 15.6 x 13
Bedroom 4
- Level: Lower
- Area: 170.3
- Dimensions: 13.1 x 13
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 187.5
- Dimensions: 15 x 12.5
Family room
- Level: Lower
- Area: 549.98
- Dimensions: 25.7 x 21.4
Kitchen
- Level: Main
- Area: 248
- Dimensions: 16 x 15.5
Living room
- Level: Main
- Area: 383.72
- Dimensions: 21.2 x 18.1
Heating
- Forced Air, Hot Water, Radiant Floor, Natural Gas, Fireplace(s), In-floor Radiant Heating
Cooling
- Central Air, Zoned
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Cooktop, Exhaust Fan, Gas Water Heater, Humidifier
- Laundry: Main Level
Features
- Bookcases, Entrance Foyer, Walk-In Closet(s), Pantry, Granite Counters, Solid Surface Counters, Kitchen Island, Mud Room, Den/Study, Central Vacuum, Ceiling Fan(s), Cable TV, High Speed Internet, WiFi
- Flooring: Wood, Carpet, Tile
- Windows: Blinds
- Basement: Walk-Out Access,Finished Rooms,Egress Windows,Bath/Stubbed
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
- Finished area above ground: 3,300
- Finished area below ground: 1,200
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage Door Opener, Paved, Heated Garage, Concrete Floors, Asphalt, Private
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio, Covered
- Exterior features: Sprinkler System
- Has view: Yes
- View description: Countryside View
- Waterfront features: None
Lot
- Size: 60 Acres
- Features: Working Farm, Rolling Slope, Landscaped, Metes and Bounds
Details
- Additional structures: None
- Parcel number: 281112201255 & 01305
- Zoning description: Horses Allowed,Outbuildings Allowed,Agricultural Res
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- 2x6 Framing, Frame, Stone, Wood Siding
- Foundation: Poured Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2007
- Major remodel year: 2023
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Security: Security System, Smoke Detector(s)
- Subdivision: Metes & Bounds
HOA
- Services included: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $611/sqft
- Tax assessed value: $3,033,400
- Annual tax amount: $21,171
- Price range: $2.8M - $2.8M
- Date on market: 4/27/2024
- Cumulative days on market: 171 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2024 | Sold | $2,750,000$611/sqft |
Source:  NGLRMLS #1921615 Report a problem | ||
| 8/20/2024 | Price change | $2,750,000-7.6%$611/sqft |
Source: NGLRMLS #1921615 Report a problem | ||
| 6/13/2024 | Price change | $2,975,000-0.8%$661/sqft |
Source: NGLRMLS #1921615 Report a problem | ||
| 4/27/2024 | Listed for sale | $3,000,000+39.5%$667/sqft |
Source: NGLRMLS #1921615 Report a problem | ||
| 8/9/2021 | Sold | $2,150,000-2.1%$478/sqft |
Source: NGLRMLS #1888603 Report a problem | ||
| 8/9/2021 | Pending sale | $2,195,000$488/sqft |
Source: NGLRMLS #1888603 Report a problem | ||
| 6/10/2021 | Listed for sale | $2,195,000+1212.4%$488/sqft |
Source: NGLRMLS #1888603 Report a problem | ||
| 12/13/2011 | Sold | $167,254-81.8%$37/sqft |
Source: Agent Provided Report a problem | ||
| 5/11/2007 | Sold | $920,000$204/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,171 +5.7% | $1,516,700 +26.7% |
| 2024 | $20,029 +5% | $1,196,900 +15.8% |
| 2023 | $19,075 +7.1% | $1,033,600 +11.2% |
| 2022 | $17,804 +1% | $929,600 +8.7% |
| 2021 | $17,624 -0.5% | $854,900 +1% |
| 2020 | $17,717 | $846,800 +9.4% |
| 2019 | $17,717 +1.9% | $774,300 +14.1% |
| 2018 | $17,384 | $678,600 -1.6% |
| 2017 | -- | $689,400 +8.8% |
| 2016 | -- | $633,400 +1.9% |
| 2014 | -- | $621,400 -9.9% |
| 2012 | -- | $689,600 +24.7% |
| 2011 | -- | $552,900 +2.3% |
| 2010 | -- | $540,400 +0.9% |
| 2009 | -- | $535,800 +149.1% |
| 2008 | -- | $215,100 |
Find assessor info on the county website
Neighborhood: 49686
Nearby homes
- $--4 bd3 ba5.5k sqft14588 Peninsula Dr, Traverse City, MI 49686Off Market
- $783,7003 bd2 ba2.3k sqft14444 Seven Hills Rd, Traverse City, MI 49686Off Market
- $473,7003 bd3 ba1.4k sqft14601 Peninsula Dr, Traverse City, MI 49686Off Market
- $483,8003 bd2 ba1.2k sqft14545 Peninsula Dr, Traverse City, MI 49686Off Market
- $451,0002 bd1 ba1.3k sqft14547 Peninsula Dr, Traverse City, MI 49686Off Market
- $1,035,8003 bd2 ba2.9k sqft14620 Peninsula Dr, Traverse City, MI 49686Off Market
- $--41.26 Acres14620 Peninsula Dr, Traverse City, MI 49686Off Market
- $501,7003 bd2 ba1.5k sqft14615 Peninsula Dr, Traverse City, MI 49686Off Market
Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 9.7 mi
- 7/10Central High SchoolGrades: 8-12Distance: 9.8 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 13.2 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Grand Traverse County
- Traverse City
- 49686
- 14588 Peninsula Dr
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