For sale

$2,950,000

15985 Waters Edge, Traverse City, MI 49686

4beds

4,077sqft

$19,634/mo

Get pre-qualified

Single Family Residence

Built in 2026

0.52 Acres Lot

$2,843,700 Zestimate^®

$724/sqft

$292/mo HOA

What's special

Deeded marina slipEpoxy garage floors

Brand-new, designer-curated home with breathtaking views of Lake Michigan, access to the community’s private shoreline, and a deeded boat slip in the Peninsula Shores marina. Located on Old Mission Peninsula, this gated community offers exceptional privacy while remaining close to award-winning wineries, restaurants, parks, and conservation trails. Thoughtfully delivered as a complete turnkey package by O’Grady Development, including appliances, landscaping, irrigation, epoxy garage floors, and a deeded marina slip. No construction wait and no additional finish selections to coordinate. Expected completion is September 1 - just in time to enjoy Northern Michigan’s most beautiful season.

117 days

1,165

45

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 1

Rooms

Room types: Great Room

Primary bedroom

Level: Main
Dimensions: 15 x 15.5

Bedroom 2

Level: Lower
Dimensions: 16 x 15.67

Bedroom 3

Level: Lower
Dimensions: 15 x 13.67

Bedroom 4

Level: Lower
Dimensions: 15.42 x 12.5

Primary bathroom

Features: Private

Dining room

Width: 17

Family room

Level: Lower
Dimensions: 25.33 x 25.75

Kitchen

Level: Main
Area: 289
Dimensions: 17 x 17

Living room

Level: Main
Dimensions: 30.5 x 17

Heating

Forced Air, Natural Gas, Fireplace(s)

Cooling

Central Air, Zoned

Appliances

Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Freezer, Exhaust Fan, Gas Water Heater
Laundry: Main Level

Features

Entrance Foyer, Walk-In Closet(s), Wet Bar, Pantry, Other, Solid Surface Counters, Kitchen Island, Mud Room, Den/Study, Ceiling Fan(s), Cable TV, High Speed Internet, WiFi
Basement: Walk-Out Access,Finished
Has fireplace: Yes
Fireplace features: Gas, Wood Burning

Interior area

Total structure area: 4,077
Total interior livable area: 4,077 sqft
Finished area above ground: 2,277
Finished area below ground: 1,800

Property

Parking

Total spaces: 3
Parking features: Attached, Garage Door Opener, Paved, Heated Garage, Concrete Floors, Asphalt
Attached garage spaces: 3
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Deck, Porch
Exterior features: Sprinkler System, Rain Gutters
Has view: Yes
View description: Bay, Water, Bay View
Has water view: Yes
Water view: Water,Bay
Waterfront features: All Sports, Soft Bottom, Sandy Bottom, Great Lake, Lake
Body of water: East Bay
Frontage length: 1500

Lot

Size: 0.52 Acres
Dimensions: 240 x 113 x 179 x 136
Features: Cleared, Sloped, Landscaped, Subdivided

Details

Additional structures: None
Parcel number: 1160903900
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch,Contemporary
Property subtype: Single Family Residence

Materials

2x6 Framing, Frame, Stone, Press Board
Foundation: Poured Concrete
Roof: Asphalt

Condition

Under Construction
New construction: No
Year built: 2026

Utilities & green energy

Sewer: Development Septic
Water: Private

Community & HOA

Community

Features: Community Dock, Lake Privileges, Pets Allowed, Common Area, Trails
Security: Security System, Smoke Detector(s)
Subdivision: Peninsula Shores

HOA

Services included: Sewer, Snow Removal, Liability Insurance, Other
HOA fee: $3,500 annually

Location

Region: Traverse City

Financial & listing details

Price per square foot: $724/sqft
Tax assessed value: $720,000
Price range: $3M - $3M
Date on market: 4/23/2026
Cumulative days on market: 118 days
Listing agreement: Exclusive Right Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Road surface type: Asphalt

Estimated market value

$2,843,700

$2.70M - $2.99M

$7,544/mo

Price history

Date	Event	Price
4/23/2026	Listed for sale	$2,950,000+7.9%$724/sqft
Source: NGLRMLS #1944127 Report a problem
12/2/2025	Listing removed	$2,735,000$671/sqft
Source: NGLRMLS #1939713 Report a problem
10/17/2025	Listed for sale	$2,735,000-17.1%$671/sqft
Source: NGLRMLS #1939713 Report a problem
8/8/2025	Listing removed	$3,300,000$809/sqft
Source: NGLRMLS #1934690 Report a problem
6/4/2025	Listed for sale	$3,300,000$809/sqft
Source: NGLRMLS #1934690 Report a problem