Here is your chance to own the last buildable lot in the highly sought-after Peninsula Knolls subdivision, located at the base of the beautiful Old Mission Peninsula. This stunning 1.19-acre parcel is heavily wooded with gorgeous rolling typography, offering privacy, character, and multiple building site options — perfect for a ranch-style home or a multi story with or without walkout design. Backing up to open space from the neighboring Mission Bay development, this property provides a peaceful setting while being just minutes from downtown Traverse City, local beaches, world-class wineries, and award-winning restaurants. All underground utilities are already on site — including natural gas, electric, cable, and municipal water. There are multiple potential locations for an on-site septic system installation. This location truly has it all — privacy, convenience, natural beauty, and access to all the best that Traverse City and the Old Mission Peninsula have to offer. Don't miss this rare opportunity to build your dream home in one of the area's most desirable neighborhoods.
Lot/land
$349,000
377 Peninsula Knolls Ln, Traverse City, MI 49686
--beds
--baths
1.19Acres
Unimproved Land
Built in ----
1.19 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Peaceful settingMultiple building site optionsGorgeous rolling typography
- 458 days |
- 82 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
David Cutler 231-357-7800,
Twin Bay Properties, LLC 231-357-7800
Source: NGLRMLS,MLS#: 1932473
Facts & features
Property
Features
- Exterior features: None
- Waterfront features: None
Lot
- Size: 1.19 Acres
- Dimensions: 152 x 379 x 136 x 342
- Features: Rolling Slope, Hardwoods, Wooded
Details
- Parcel number: 281160803400
- Zoning description: Residential,Platted Subdivision
- Wooded area: 100
Utilities & green energy
- Sewer: Private Sewer, None
- Water: Public, None
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Cable Available, Cable Internet
Community & HOA
Community
- Features: None
- Subdivision: Peninsula Knolls
Location
- Region: Traverse City
Financial & listing details
- Tax assessed value: $42,219
- Annual tax amount: $1,885
- Price range: $349K - $349K
- Date on market: 4/15/2025
- Cumulative days on market: 459 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
$1,661/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2025 | Listed for sale | $349,000+296.6% |
Source:  NGLRMLS #1932473 Report a problem | ||
| 11/8/2020 | Listing removed | $88,000 |
Source: Real Estate One #1852713 Report a problem | ||
| 8/11/2019 | Price change | $88,000-11.1% |
Source: Real Estate One #1852713 Report a problem | ||
| 9/12/2018 | Listed for sale | $99,000 |
Source: Real Estate One - Front #1852713 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,885 +5.4% | $100,000 +33.3% |
| 2024 | $1,788 | $75,000 +92.3% |
| 2023 | $1,788 -43.4% | $39,000 |
| 2022 | $3,158 +169.5% | $39,000 -44.8% |
| 2021 | $1,172 +0.4% | $70,700 +60.3% |
| 2020 | $1,167 | $44,100 +38.7% |
| 2019 | $1,167 +2.1% | $31,800 +4.6% |
| 2018 | $1,143 | $30,400 -6.5% |
| 2017 | -- | $32,500 |
| 2016 | -- | $32,500 +36% |
| 2014 | -- | $23,900 -41.7% |
| 2010 | -- | $41,000 -3.5% |
| 2009 | -- | $42,500 |
| 2008 | -- | $42,500 +6.3% |
| 2007 | -- | $40,000 +6.7% |
| 2005 | -- | $37,500 |
| 2004 | -- | $37,500 +9.1% |
| 2003 | -- | $34,366 +6.6% |
| 2002 | -- | $32,250 +7.5% |
| 2001 | -- | $30,000 +22.7% |
| 2000 | -- | $24,453 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 49686
Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 1 mi
- 7/10Central High SchoolGrades: 8-12Distance: 1.1 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 5.2 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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A local agent can set up tours, give advice and negotiate with sellers.
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