Perched high among the hardwoods near the base of Old Mission Peninsula, this custom-built 2014 home offers a rare combination of modern design, exceptional craftsmanship, and an unbeatable location. Throughout the cooler months, enjoy sweeping seasonal views of West Bay. As the trees leaf out, the landscape transforms into a secluded woodland retreat, creating the feeling of living in your own private treehouse surrounded by nature. Designed with today's active family in mind, the home features 4+ bedrooms plus a versatile office with a charming loft and reading nook that could easily serve as a fifth bedroom or creative space. Multiple living areas, including two spacious family rooms and a dedicated fitness room (that could be another bedroom as well) provide flexibility for gathering, working, and relaxing. At the heart of the home, the thoughtfully designed kitchen overlooks the peaceful wooded setting and features an inviting built-in window bench stretching wall to wall—an ideal spot for morning coffee, conversation, homework, or simply enjoying the changing seasons while dinner is being prepared. Everyday living is effortless thanks to the expansive mudroom complete with abundant cubbies and storage for backpacks, boots, sports gear, and everything an Up North lifestyle requires. Step outside and discover a backyard unlike any other, where mature trees create a private oasis complete with a zip line that will delight both kids and the young at heart. Whether entertaining friends or unwinding after a busy day, the setting offers a sense of tranquility that's difficult to find so close to town. Located just minutes from downtown Traverse City at the gateway to Old Mission Peninsula, you'll enjoy quick access to beaches, bike trails, and scenic drives while remaining close to everyday conveniences. Bryant Park is nearby with beautiful waterfront recreation as well as restaurants, shopping, and entertainment all within easy reach.
For sale
Price cut: $69K (10/6)
$1,630,000
555 Graystone, Traverse City, MI 49686
4beds
3,527sqft
Single Family Residence
Built in 2014
0.78 Acres Lot
$1,548,400 Zestimate®
$462/sqft
$-- HOA
What's special
Modern designSecluded woodland retreatExceptional craftsmanshipTwo spacious family roomsDedicated fitness roomThoughtfully designed kitchen
- 86 days
- 1,270
- 59
Zillow last checked:
Listing updated:
Listed by:
Molly Buttleman 231-463-6969,
@properties Christie's Int'l 231-642-2363
Source: NGLRMLS,MLS#: 1947907
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: Exercise Room
Primary bedroom
- Level: Main
- Area: 186.44
- Dimensions: 15.8 x 11.8
Bedroom 2
- Level: Upper
- Area: 109.2
- Dimensions: 10.5 x 10.4
Bedroom 3
- Level: Upper
- Area: 114.4
- Dimensions: 11 x 10.4
Bedroom 4
- Level: Upper
- Area: 124.2
- Dimensions: 11.5 x 10.8
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 144.2
- Dimensions: 14 x 10.3
Family room
- Level: Lower
- Area: 519.47
- Dimensions: 18.1 x 28.7
Kitchen
- Level: Main
- Area: 213
- Dimensions: 15 x 14.2
Living room
- Level: Main
- Area: 258.1
- Dimensions: 17.8 x 14.5
Heating
- Forced Air, Natural Gas, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Other, Cooktop, Gas Water Heater
- Laundry: Lower Level
Features
- Bookcases, Walk-In Closet(s), Breakfast Nook, Loft, Other, Granite Bath Tops, Granite Counters, Kitchen Island, Mud Room, Den/Study, Vaulted Ceiling(s), Cable TV, High Speed Internet, WiFi
- Flooring: Wood, Concrete
- Windows: Blinds, Drapes, Curtain Rods
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 3,527
- Total interior livable area: 3,527 sqft
- Finished area above ground: 2,291
- Finished area below ground: 1,236
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener, Other, Concrete Floors, Concrete
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Porch
- Exterior features: Other, Garden, Rain Gutters
- Has view: Yes
- View description: Seasonal View
- Waterfront features: None
Lot
- Size: 0.78 Acres
- Dimensions: 131 x 259
- Features: Wooded-Hardwoods, Wooded, Sloped, Bluff, Landscaped
Details
- Additional structures: None
- Parcel number: 1133603410
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- 2x6 Framing, Frame, Vinyl Siding, Stone
- Foundation: Poured Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2014
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: none
HOA
- Services included: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $250,331
- Annual tax amount: $6,584
- Price range: $1.6M - $1.6M
- Date on market: 7/13/2026
- Cumulative days on market: 87 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Estimated market value
$1,548,400
$1.47M - $1.63M
$5,398/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Price change | $1,630,000-4.1%$462/sqft |
Source:  NGLRMLS #1947907 Report a problem | ||
| 9/10/2026 | Price change | $1,699,000-5.6%$482/sqft |
Source: NGLRMLS #1947907 Report a problem | ||
| 8/10/2026 | Price change | $1,799,000-5.1%$510/sqft |
Source: NGLRMLS #1947907 Report a problem | ||
| 8/3/2026 | Price change | $1,895,000-5.3%$537/sqft |
Source: NGLRMLS #1947907 Report a problem | ||
| 7/13/2026 | Listed for sale | $2,000,000+4110.5%$567/sqft |
Source: NGLRMLS #1947907 Report a problem | ||
| 12/27/2012 | Sold | $47,500$13/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,584 +5.7% | $300,200 -2.1% |
| 2024 | $6,228 +5% | $306,600 +4.4% |
| 2023 | $5,932 +7.1% | $293,800 +7.9% |
| 2022 | $5,537 +1% | $272,300 -0.3% |
| 2021 | $5,481 -0.5% | $273,000 +4.6% |
| 2020 | $5,509 | $261,000 +7.8% |
| 2019 | $5,509 +1.9% | $242,100 +23.4% |
| 2018 | $5,406 | $196,200 +0.4% |
| 2017 | -- | $195,500 +2.4% |
| 2016 | -- | $190,900 +353.4% |
| 2014 | -- | $42,100 -0.9% |
| 2010 | -- | $42,500 -10.9% |
| 2009 | -- | $47,700 |
| 2008 | -- | $47,700 |
| 2007 | -- | $47,700 +12.5% |
| 2005 | -- | $42,400 +0.1% |
| 2004 | -- | $42,363 +6.1% |
| 2003 | -- | $39,926 +6.6% |
| 2002 | -- | $37,468 +10.4% |
| 2001 | -- | $33,925 +27.9% |
| 2000 | -- | $26,519 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49686
Nearby schools
Schools provided by the listing agent
- Elementary: Eastern Elementary 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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