Perched on top of Old Mission Peninsula and tucked between beautiful vineyards and sweet cherry trees, you will find one of the most stunning land, bay and sunset views Traverse City has to offer. This "retro-charm" ranch offers the perfect location; central to local amenities like the library, award winning restaurants, churches, parks, beaches and an extensive trails system to explore and enjoy. Imagine sitting amongst mature maple, walnut and spruce trees, enjoying a park like setting in your own backyard, listening to birdsong and watching eagles fish in the distance. Be at peace knowing that the land around you is protected from development and will likely remain virtually unchanged. Grapes, blackberries and 5 different varieties of fruit trees will hone your gardening skills and fill your freezer. Carefully chosen perennials will provide you with fresh flowers from April to November. Warm hardwood floors greet you as you enter this 3 bedroom ranch and take in the panoramic view from the front door. The large living room can double as a gathering space for family and friends and a huge dining room for Holiday celebrations. The family room offers a wood burning fireplace that will warm all the hearts and toes in the house and the all around best view of the Bay. The large kitchen that opens to the dining area and deck is perfect for summer entertaining or just a simple morning cup of coffee. The main floor laundry and mudroom off the attached two car garage offers convenience and quick clean up. Plenty of storage and room for hobbies is available in the full basement. Talk with your agent for a list of updates that you may not see with your eyes, but will keep your wallet healthy for many years.
Sold for $640,000
$640,000
16981 Peninsula Dr, Traverse City, MI 49686
3beds
1,950sqft
Single Family Residence
Built in 1948
1.34 Acres Lot
$653,800 Zestimate®
$328/sqft
$3,350 Estimated rent
Home value
$653,800
$588,000 - $726,000
$3,350/mo
Zestimate® history
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List your homeWhat's special
Full basementWarm hardwood floorsPlenty of storageWood burning fireplaceMain floor laundryLarge kitchenPanoramic view
Zillow last checked:
Listing updated:
Listed by:
Ann Porter Cell:231-944-4959,
REO-TCRandolph-233022 231-946-4040,
Lexa Ferrill 231-620-2008,
REO-TCRandolph-233022
Bought with:
Non Member Office
NON-MLS MEMBER OFFICE
Source: NGLRMLS,MLS#: 1933391
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Dining Room, Game Room
Primary bedroom
- Level: Main
- Area: 207.24
- Dimensions: 15.7 x 13.2
Bedroom 2
- Level: Main
- Area: 120.12
- Dimensions: 13.2 x 9.1
Bedroom 3
- Level: Main
- Area: 186.12
- Dimensions: 14.1 x 13.2
Primary bathroom
- Features: Shared
Dining room
- Level: Main
- Area: 140.4
- Dimensions: 12 x 11.7
Family room
- Level: Main
- Area: 160.5
- Dimensions: 15 x 10.7
Kitchen
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Living room
- Level: Main
- Area: 261.36
- Dimensions: 19.8 x 13.2
Heating
- Forced Air, Propane, Fireplace(s)
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Electric Water Heater
- Laundry: Main Level
Features
- Mud Room, Den/Study, Cable TV, High Speed Internet
- Flooring: Wood, Carpet, Vinyl
- Basement: Daylight,Finished Rooms,Bath/Stubbed,Interior Entry
- Has fireplace: Yes
- Fireplace features: Wood Burning, Heatilator
Interior area
- Total structure area: 1,950
- Total interior livable area: 1,950 sqft
- Finished area above ground: 1,950
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener, Concrete Floors, Concrete, Circular Driveway
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Bay, Water, Bay View
- Has water view: Yes
- Water view: Water,Bay
Lot
- Size: 1.34 Acres
- Dimensions: 240 x 240
- Features: Rolling Slope, Metes and Bounds
Details
- Additional structures: None
- Parcel number: 1110900110
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Cement Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Subdivision: n/a
HOA
- Services included: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $448,600
- Annual tax amount: $2,336
- Price range: $640K - $640K
- Date on market: 5/7/2025
- Cumulative days on market: 347 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Private Owner
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2025 | Sold | $640,000-5.2%$328/sqft |
Source:  NGLRMLS #1933391 Report a problem | ||
| 8/7/2025 | Price change | $675,000-10%$346/sqft |
Source: NGLRMLS #1933391 Report a problem | ||
| 6/5/2025 | Price change | $749,900-4.5%$385/sqft |
Source: NGLRMLS #1933391 Report a problem | ||
| 5/7/2025 | Listed for sale | $785,000-7.6%$403/sqft |
Source: NGLRMLS #1933391 Report a problem | ||
| 5/5/2025 | Listing removed | $849,900$436/sqft |
Source: NGLRMLS #1928496 Report a problem | ||
| 10/25/2024 | Listed for sale | $849,900+789.9%$436/sqft |
Source: NGLRMLS #1928496 Report a problem | ||
| 8/7/1998 | Sold | $95,500$49/sqft |
Source: Agent Provided Report a problem | ||
| 4/15/1994 | Sold | $95,500$49/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,336 +5.7% | $224,300 +10.3% |
| 2024 | $2,210 +5% | $203,300 +29% |
| 2023 | $2,105 +7.1% | $157,600 -4.1% |
| 2022 | $1,965 +1% | $164,300 +33% |
| 2021 | $1,945 -0.5% | $123,500 +7.2% |
| 2020 | $1,955 | $115,200 +2.9% |
| 2019 | $1,955 +1.9% | $111,900 +3.2% |
| 2018 | $1,918 | $108,400 +3.9% |
| 2017 | -- | $104,300 +1.2% |
| 2016 | -- | $103,100 -2.4% |
| 2014 | -- | $105,600 -2.8% |
| 2012 | -- | $108,600 +9% |
| 2011 | -- | $99,600 -8.1% |
| 2010 | -- | $108,400 -2.3% |
| 2009 | -- | $110,900 +2.7% |
| 2008 | -- | $108,000 -3.6% |
| 2007 | -- | $112,000 +18.9% |
| 2005 | -- | $94,200 +6.9% |
| 2004 | -- | $88,145 +2.6% |
| 2003 | -- | $85,945 +6.6% |
| 2002 | -- | $80,654 +18% |
| 2001 | -- | $68,335 +21.9% |
| 2000 | -- | $56,074 |
Find assessor info on the county website
Neighborhood: 49686
Nearby homes
- $820,3003 bd1 ba1.1k sqft16936 Peninsula Dr, Traverse City, MI 49686Off Market
- $2,179,1003 bd3 ba3k sqft16975 Peninsula Dr, Traverse City, MI 49686Off Market
- $362,4003 bd1 ba1.4k sqft17068 Peninsula Dr, Traverse City, MI 49686Off Market
- $1,186,1003 bd2 ba2k sqft17017 Peninsula Dr, Traverse City, MI 49686Off Market
- $875,9003 bd2 ba2.1k sqft17220 Peninsula Dr, Traverse City, MI 49686Off Market
- $134,4005 AcresEimen Rd, Traverse city, MI 49686Off Market
- $2,576,800-- bd-- ba-- sqftEimen Rd, Traverse city, MI 49686Off Market
- $1,178,700-- bd1 ba-- sqftEimen Rd, Traverse City, MI 49686Off Market
Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 12 mi
- 7/10Central High SchoolGrades: 8-12Distance: 12.2 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 15.6 mi
Schools provided by the listing agent
- Elementary: Old Mission Peninsula School
- Middle: Traverse City East Middle School
- High: Central High School
- 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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$653,800
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- Michigan
- Grand Traverse County
- Traverse City
- 49686
- 16981 Peninsula Dr
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