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15985 Waters Edge, Traverse City, MI 49686

Peninsula Shores · Grand Traverse County

Key Facts

4Beds
4Baths
4,077Sq Ft
2026Year Built
0.52Lot (acres)
3Garage
1Stories

Description

LOCATION AND VIEWS! Shatter the expectations of your luxury new construction home. Go ahead and pack your bags - your new home on Old Mission Peninsula is almost complete... Grab the keys and move in this Summer. Located in the exclusive Peninsula Shores gated community, residents enjoy a private marina, scenic shoreline walking trails, and effortless access to everything Traverse City and Old Mission Peninsula offer - Wineries, restaurants, and close proximity to Cherry Capital Airport. Boat Slip in East Grand Traverse Bay included.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Ranch / Contemporary

Year Built

2026

Stories

1

Living Area

4,077 sq ft

Lot Size

0.52 acres

Lot Dimensions

240x113x179x136

Garage Spaces

3

Days on Market

78

MLS® Listing#

1944127

Property Features

Interior

Entrance FoyerWalk-In Closet(s)Wet BarPantryOtherKitchen IslandCeiling Fan(s)High Speed Internet

Exterior

Rain Gutters

Appliances

RefrigeratorDisposalDishwasherMicrowaveWater Softener OwnedWasherDryerFreezerExhaust FanGas Water Heater

Cooling

Central AirZoned

Heating

Forced AirFireplace(s)Natural Gas

Fireplace

GasWood Burning

Basement

Walk-Out AccessFinished

Parking

AsphaltAttachedGarage Door OpenerPavedHeated Garage

Laundry

Main Level

Patio

DeckPorch

Lot Features

ClearedSlopedLandscapedSubdivided

Construction

FrameStone

Roof

Asphalt

Security

Security SystemSmoke Detector(s)

Other Structures

None

Utilities

Cable Connected

Water Source

Private

Financial Details

HOA

$3,500 / Annually

Assessed Value

$720,000

Parcel Number

11-609-039-00

Directions

Take Center Road 11 miles north on Old Mission Peninsula. Take a slight right onto Smokey Hollow Road. Take your next right onto Boursaw Road. Subdivision is located on the north side of Boursaw Road.

Affordability Calculator

$590,000

Estimated monthly payment

$15,701/mo

Principal $2,360,000 · Est. interest $3,292,410 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 1156% above the area median.
  • Its price per sq ft is 434% above the area median.

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

Location

Map showing the location of 15985 Waters Edge, Traverse City, MI 49686

Points of Interest in Traverse City, MI

Showing the Traverse City area map.

Nearby Schools

  • Old Mission Peninsula School

    Elementary · 3.3 mi away

  • Elk Rapids Schools

    Elementary · 5.0 mi away

  • Cherryland Middle School

    Secondary · 5.0 mi away

  • Elk Rapids Public School

    Secondary · 5.0 mi away

  • Elk Rapids High School

    Secondary · 5.1 mi away

  • Suttons Bay High School

    Secondary · 8.8 mi away

  • Suttons Bay Public Schools

    Secondary · 8.8 mi away

  • Leelanau Montessori

    Elementary · 8.8 mi away

  • Suttons Bay Senior High School

    Secondary · 8.8 mi away

  • Pathfinder School

    School · 10.6 mi away

  • Community Children's Center

    School · 10.7 mi away

  • Elk Rapids Schools

    Elementary · 11.0 mi away

  • Norris Elementary School

    Elementary · 11.0 mi away

  • Eastern Elementary School

    Elementary · 11.2 mi away

  • Traverse City Area Public Schools

    Elementary · 11.3 mi away

  • Traverse City Central High School

    Secondary · 11.3 mi away

  • Leelanau Montessori Public School Academy

    Elementary · 11.4 mi away

  • St Mary's School

    Elementary · 11.5 mi away

  • Bethlehem Nursery School

    Elementary · 11.6 mi away

  • Oak Park Elementary School

    Elementary · 11.8 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

Moving Cost Estimate

EXIT Agents in Traverse City

Listing Courtesy: REMAX Bayshore - Union St TC - 2319414500

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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by NorthernGreatLakes. MLS® Listing#1944127. © 2026EXIT Realty®. All rights reserved.