MLS # 1941891 (Northern Great Lakes REALTORS® MLS)
Discover an exceptional development opportunity nestled in the picturesque Morgan Farms! This prime 42-acre parcel offers convenient dual access from both M-72 and E Carter Rd, making it easily accessible from multiple directions. The Phase II Hilltop residential development has been thoughtfully designed with 66 pre-approved lots specifically zoned for single family homes. This remarkable property showcases breathtaking panoramic views of both the vibrant downtown skyline and the sparkling waters of West Grand Traverse Bay, making it one of the last remaining large-scale development parcels in this highly desirable area. The terrain features gently rolling, elevated topography with excellent natural drainage, adorned with mature maple trees and stately red pines creating an idyllic setting. Current development progress includes ongoing road construction and clearing operations, completed engineering work, and submitted permit applications awaiting approval. Residents will enjoy the perfect balance of peaceful countryside living while remaining incredibly accessible to downtown Traverse City - just a pleasant walk/bike ride or quick 5-minute drive away. The city center offers outstanding shopping, diverse dining options, entertainment venues, quality schools, comprehensive medical facilities, and engaging seasonal events. The property comes complete with full modern infrastructure including city water/sewer connections, electrical service, natural gas lines, and cable/internet capabilities.
Source: SparkMLS
Asking $2,500,000.
Electric service is provided by Cherryland Electric Cooperative; natural gas by DTE Gas Company.
Location
Sale & Financing
Source: SparkMLS
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Mark D Hagan
Coldwell Banker Schmidt Traverse City
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Cherryland Electric Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
E Carter Road, Traverse City, MI 49684
View full property history →
Municipality
Traverse City
View all listings →
We'll notify you when something hits the market in Traverse City or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.