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Sold for $975,000
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    • $975,000

    7320 Peninsula Dr, Traverse City, MI 49686

    4beds
    2,931sqft
    Single Family Residence
    Built in 1950
    0.8 Acres Lot
    $983,200 Zestimate®
    $333/sqft
    $4,061 Estimated rent

    Home value

    $983,200

    $885,000 - $1.09M

    $4,061/mo

    Zestimate® history
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    What's special

    This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare find—offering timeless charm, thoughtful updates, and a highly sought-after location. From the moment you step inside, natural light and warm, modern finishes set the tone for an inviting and comfortable home. The main floor was designed for connection and entertaining, featuring a fully renovated kitchen with custom cabinetry, quartz countertops, and an expansive island that flows seamlessly into the dining area. Enjoy open views of West Bay while sharing meals, then unwind by the fire in either of the home’s two living spaces—one offering a cozy, intimate feel and the other showcasing vaulted ceilings and a bright, airy atmosphere. A flexible office/studio nook adds to the versatility of the main level. The spacious primary suite, conveniently located on the main floor, offers a private retreat with a walk-in closet and en-suite bath. Upstairs, you’ll find three additional bedrooms and a full bath—perfect for family or guests. Outdoors, the property truly shines. The large, landscaped, manicured parcel is ideal for lawn games, entertaining, enjoying the pond, or simply soaking in the beauty of Peninsula living. A generous back deck provides the perfect space for grilling, dining under the stars, or gathering with friends after a great day on the Bay. Whether you’re seeking a year-round residence or a Northern Michigan retreat, this home checks every box for comfort, convenience, and lifestyle.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Craig 231-409-4219,

    @properties Christie's Int'l 231-642-2363

    Bought with:

    Chris Kelley, 6501452039

    Coldwell Banker Schmidt-S.Bay

    Source: NGLRMLS,MLS#: 1938929MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 3/4 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Dining Room, Great Room
    Primary bedroom
    • Level: Main
    • Area: 210.72
    • Dimensions: 16.11 x 13.08
    Bedroom 2
    • Level: Upper
    • Area: 231
    • Dimensions: 21 x 11
    Bedroom 3
    • Level: Upper
    • Area: 176
    • Dimensions: 11 x 16
    Bedroom 4
    • Level: Main
    • Area: 126
    • Dimensions: 14 x 9
    Primary bathroom
    • Features: Private
    Dining room
    • Level: Main
    • Area: 145.2
    • Dimensions: 12.1 x 12
    Family room
    • Level: Main
    • Area: 461.63
    • Dimensions: 20.01 x 23.07
    Kitchen
    • Level: Main
    • Area: 192.72
    • Dimensions: 16.06 x 12
    Living room
    • Level: Main
    • Area: 322.42
    • Dimensions: 23.03 x 14
    Heating
    • Forced Air, Natural Gas, Fireplace(s)
    Cooling
    • Ductless, Multi Units
    Appliances
    • Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Exhaust Fan, Gas Water Heater, Instant Hot Water, Humidifier
    • Laundry: Main Level
    Features
    • Bookcases, Entrance Foyer, Walk-In Closet(s), Breakfast Nook, Solid Surface Counters, Kitchen Island, Mud Room, Den/Study, Vaulted Ceiling(s), Drywall, Ceiling Fan(s), Cable TV, High Speed Internet
    • Flooring: Wood, Carpet, Tile
    • Windows: Bay Window(s), Blinds
    • Basement: Unfinished
    • Has fireplace: Yes
    • Fireplace features: Gas, Wood Burning
    Interior area
    • Total structure area: 2,931
    • Total interior livable area: 2,931 sqft
    • Finished area above ground: 2,931
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage Door Opener, Paved, Concrete Floors, Asphalt, Circular Driveway, Private
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Covered
    • Exterior features: Sprinkler System, Sidewalk, Rain Gutters
    • Has view: Yes
    • View description: Bay, Seasonal View, Water, Bay View
    • Has water view: Yes
    • Water view: Water,Bay
    Lot
    • Size: 0.8 Acres
    • Dimensions: 100 x 349
    • Features: Cleared, Wooded, Level, Other, Landscaped, Metes and Bounds
    Details
    • Additional structures: None
    • Parcel number: 281132505500
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    Materials
    • Frame, Wood Siding, Cement Siding, Brick
    • Foundation: Poured Concrete
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1950
    • Major remodel year: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    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: $333/sqft
    • Tax assessed value: $271,661
    • Annual tax amount: $7,405
    • Price range: $975K - $975K
    • Date on market: 9/24/2025
    • Cumulative days on market: 118 days
    • Listing agreement: Exclusive Right Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Private Owner
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    10/7/2026Listing removed$4,500$2/sqft
    Source: Zillow Rentals Report a problem
    8/13/2026Price change$4,500-47.1%$2/sqft
    Source: Zillow Rentals Report a problem
    7/29/2026Listed for rent$8,500$3/sqft
    Source: Zillow Rentals Report a problem
    7/29/2026Listing removed$8,500$3/sqft
    Source: Zillow Rentals Report a problem
    7/21/2026Price change$8,500+88.9%$3/sqft
    Source: Zillow Rentals Report a problem
    6/22/2026Price change$4,500-52.6%$2/sqft
    Source: Zillow Rentals Report a problem
    6/17/2026Price change$9,500-9.5%$3/sqft
    Source: Zillow Rentals Report a problem
    5/18/2026Price change$10,500-16%$4/sqft
    Source: Zillow Rentals Report a problem
    4/27/2026Listed for rent$12,500$4/sqft
    Source: Zillow Rentals Report a problem
    1/29/2026Sold$975,000-2.5%$333/sqft
    Source: NGLRMLS #1938929 Report a problem
    11/12/2025Price change$1,000,000-9.1%$341/sqft
    Source: NGLRMLS #1938929 Report a problem
    10/19/2025Listed for sale$1,100,000$375/sqft
    Source: NGLRMLS #1938929 Report a problem
    10/10/2025Pending sale$1,100,000$375/sqft
    Source: NGLRMLS #1938929 Report a problem
    9/24/2025Listed for sale$1,100,000+144.4%$375/sqft
    Source: NGLRMLS #1938929 Report a problem
    12/31/2019Sold$450,000-7.2%$154/sqft
    Source: Agent Provided Report a problem
    10/14/2019Price change$485,000-2%$165/sqft
    Source: Keller Williams Realty Greater Grand Traverse #1866996 Report a problem
    9/5/2019Listed for sale$495,000+65%$169/sqft
    Source: Keller Williams Realty Greater Grand Traverse #1866996 Report a problem
    5/3/2016Listing removed$300,000$102/sqft
    Source: RE/MAX Bayshore Properties #1811129 Report a problem
    5/3/2016Pending sale$300,000$102/sqft
    Source: RE/MAX Bayshore Properties #1811129 Report a problem
    1/28/2016Listed for sale$300,000+0.3%$102/sqft
    Source: RE/MAX Bayshore Properties #1811129 Report a problem
    12/7/2015Listing removed$299,000$102/sqft
    Source: Real Estate One-tc Front #1795476 Report a problem
    8/14/2015Price change$299,000-9.1%$102/sqft
    Source: Real Estate One-tc Front #1795476 Report a problem
    5/6/2015Price change$329,000-5.7%$112/sqft
    Source: Real Estate One-tc Front #1795476 Report a problem
    2/25/2015Price change$349,000-6.9%$119/sqft
    Source: Real Estate One, Inc. #1795476 Report a problem
    11/26/2014Price change$375,000-5.5%$128/sqft
    Source: Real Estate One-tc Front #1790414 Report a problem
    9/21/2014Listed for sale$397,000+164.7%$135/sqft
    Source: Real Estate One-tc Front #1790414 Report a problem
    4/30/2008Sold$150,000$51/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,178 +5.7%$333,500 +26.8%
    2024$6,791 +5%$263,100 +4.8%
    2023$6,467 +13.9%$251,100 +7.3%
    2022$5,677 -39.6%$234,000 +7.4%
    2021$9,397 +96.4%$217,900 +3.8%
    2020$4,785 $209,900 +7.9%
    2019$4,785 +1.9%$194,500 +14.1%
    2018$4,695 $170,400 +0.3%
    2017-- $169,900 +7.5%
    2016-- $158,100 +10.7%
    2014-- $142,800 +4.8%
    2012-- $136,200 +5.4%
    2011-- $129,200 +1.7%
    2010-- $127,100 -11.5%
    2009-- $143,600 -4%
    2008-- $149,600 +1.5%
    2007-- $147,400 -3.4%
    2005-- $152,600 +1.5%
    2004-- $150,328 +6.7%
    2003-- $140,842 +6.6%
    2002-- $132,172 +7.5%
    2001-- $122,964 +37.7%
    2000-- $89,323
    Find assessor info on the county website

    Neighborhood: 49686

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    Nearby schools

    GreatSchools rating
    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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