For Sale
489 Peninsula Trail, Traverse City, MI 49696
$599,900
MLS # 1947060 (Northern Great Lakes REALTORS® MLS)
3 beds1 bathBuilt 19610.37 acres
1 / 36
Listing Description
Spend this summer at the lake! This charming Spider Lake cottage offers the perfect Up North getaway! Just steps from the water’s edge, this rare find features an ideal south-facing sandy beach with pristine, sandy-bottom frontage, perfect for swimming, kayaking, or relaxing by the shore. Enjoy sparkling lake views from every vantage point and unwind in a retreat that blends classic cottage character with thoughtful updates throughout. Offered turnkey and ready for immediate enjoyment, it’s a timeless setting where memories are made and cherished for generations to come.
Source: SparkMLS
About this home
3-bedroom, 1-bath home in Traverse City built in 1961.
Listed at $599,900.
Electric service is provided by Cherryland Electric Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Lot Size0.37 acres
Year Built1961
Stories1
Location
CityTraverse City
Zip Code49696
CountyGrand Traverse County
Construction & Systems
BasementOther
HeatingNatural Gas, Wall Furnace
WaterPrivate Water
Sale & Financing
Listed6/23/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Matthew M Geib
Viewpoint Realty
Frequently Asked Questions about 489 Peninsula Trail, Traverse City, MI 49696
What financing options are available for 489 Peninsula Trail, Traverse City, MI 49696?
Per MLS# 1947060, this listing accepts Cash, Conventional, FHA financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 489 Peninsula Trail, Traverse City, MI 49696 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 489 Peninsula Trail, Traverse City, MI 49696 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 489 Peninsula Trail, Traverse City, MI 49696?
Per Michigan Public Service Commission service territory data: Electric: Cherryland Electric Cooperative. Gas: DTE Gas Company. Water: Private Water. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
Map
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Monthly payment$3,891
Principal & interest$3,891
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Cherryland Electric Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
489 Peninsula Trail, Traverse City, MI 49696
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