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Key Facts

1.09Lot (acres)

$125,000

$145,000 · Price reduced

Active287 days on market

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Description

Prime lot with beautiful water views in one of the most coveted neighborhoods in Traverse City. Just one mile from Munson Medical Center and two miles from downtown Traverse City, this is the ideal location to build your Traverse City dream home. This parcel features multiple potential build sites, some with water views and others with minimal clearing or site prep required.

Property Information

Property Type

Land

Sub-Type

Unimproved Land

Lot Size

1.09 acres

Lot Dimensions

236x115x240x206x80

Days on Market

287

MLS® Listing#

1938554

Property Features

Lot Features

Cul-De-SacSlopedClearedWooded

Community

None

Utilities

Natural Gas Available

Sewer

Public SewerNone

Water Source

PublicNone

Financial Details

HOA

Yes

Assessed Value

$34,436

Parcel Number

05-131-036-00

Directions

From Cedar Run, turn south on Grayhawk Blvd, then turn west onto Buteo. The lot will be located at the end of the cul-de-sac

Affordability Calculator

Home Price

Down Payment

$25,000

Interest Rate (%)

Loan Term

Estimated monthly payment

$665/mo

Principal $100,000 · Est. interest $139,509 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Traverse City, MI

$234,833
Median Listing Price: 60
Median Days on Market: 1,490
Median Sq Ft: $136
Median Price / Sq Ft: 13,302
Active Listings

This home’s price is 47% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.

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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
49936 Helfer Boulevard W 8, Wixom City, MI	$87,500	1	1	1,350
2809 Harrison Street, Detroit City, MI	$87,500	—	—	—
5719 Western Road, Flint City, MI	$87,500	4	3	1,425
2803 Harrison Street, Detroit City, MI	$87,500	—	—	—
9949 Northlawn Street, Detroit City, MI	$87,500	—	—	3,330
9941 Northlawn Street, Detroit City, MI	$87,500	—	—	3,330

Moving Cost Estimate

Listing Courtesy: Coldwell Banker Schmidt Traverse City - Cell: 231-649-3137

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.