Waterfront - New Construction
Address
S Garfield Road Traverse City, MI
Price
$ 12,000,000
Property Attributes
  • MLS#1872394
  • TypeLot-Land
  • CountyGRAND TRAVERSE
  • CityTraverse City
  • AreaGrand Traverse
  • NeighborhoodEast Bay
  • Zip49686
  • StyleVacant Lot/Land
  • Price$ 12,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size354 Acres
Listing Provided Courtesy Of:
Coldwell Banker Schmidt-402
Property Description

Incredible opportunity for premium property w/over 10,000' combined private frontage on beautiful Arbutus Lake. Secluded, yet accessible in any season, there is no other development in the Grand Traverse region that compares to this jewel of a location. 40 acre parcel splits & several small acreage lots are packaged together in this offering for 354 acres comprising of 16 parcels. Ideal for developer or builder looking to offer upscale home packages in private wooded locations w/waterfront OR large single estate. 395 acre Arbutus Lake is a scenic, all-sports lake w/sandy shoreline/bottom surrounded by gorgeous rolling woodland, areas of sunny meadow & lots of wildlife. Frontage on four county-maintained roadways w/underground utilities. Just 6 miles to downtown Traverse City.

Price History
3/2/2020 Listed $12,000,000

General Features

School District Traverse City Area Public Schools
Zoning Residential, Metes and Bounds, Splits Available, Finished Lots, Bldg & Use Restrictions, Storage Buildings

Exterior Features

Latitude 44.6645728491226
Longitude -85.5212696716309
Body of Water Arbutus Lake
Water Features All Sports, Inland Lake, Priv Frontage (Wtr Side), Public Lake, Sandy Bottom, Sandy Shoreline, Vegetation to Water Edge, Water View
Waterfront 10459

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 49686

Price
AVG $770K
$12M
Visits
AVG 17
45

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