Sold
7265 Peninsula Drive, Traverse City, MI 49686
Sold on 06/30/2026 for$1,400,000
MLS # 1944648 (Northern Great Lakes REALTORS® MLS)
3 beds1 bathBuilt 19200.32 acres
1 / 70
Listing Description
Rare opportunity to own 150 feet of private West Bay frontage on the coveted Old Mission Peninsula, just minutes from downtown Traverse City. This 3-bedroom, 3-bath home offers 2,654 sqft of living space with expansive bay views, abundant natural light, and timeless Northern Michigan character. Enjoy a gradual, sandy-bottom shoreline with a private dock, ideal for swimming, boating, and long summer days on the water. The home features multiple gathering spaces, including a sunroom, formal dining area, and spacious living areas designed to capture the views. Additional highlights include a heated, attached 2-car garage, guest house, and garden/storage shed—offering flexibility for hosting, hobbies, or extra storage. Situated on a .32-acre parcel with mature landscaping, patio, and deck spaces, this property blends privacy with proximity—located approximately 2 miles from the base of the peninsula. A true waterfront lifestyle property with endless potential to update, personalize, or enjoy as-is.
Source: SparkMLS
About this home
3-bedroom, 1-bath home in Traverse City built in 1920.
This home sold for $1,400,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Lot Size0.32 acres
Year Built1920
Stories2
Location
CityTraverse City
Zip Code49686
CountyGrand Traverse County
Construction & Systems
BasementCrawl Space, Other
HeatingNatural Gas, Baseboard, Hot Water
WaterPublic
SewerPublic
Sale & Financing
Listed5/3/2026
Sold Date6/29/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Shawn Schmidt
Coldwell Banker Schmidt Traverse City
Frequently Asked Questions about 7265 Peninsula Drive, Traverse City, MI 49686
What type of financing is accepted for this listing?
Per MLS# 1944648, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
Is 7265 Peninsula Drive, Traverse City, MI 49686 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7265 Peninsula Drive, Traverse City, MI 49686 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is 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$9,080
Principal & interest$9,080
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7265 Peninsula Drive, Traverse City, MI 49686
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