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$ 2,500,000
Est. payment | /mo
42.12 Acres Lot
$ 2,500,000
Est. payment | /mo
42.12 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Morgan Farms Phase Ii
MLS Listing ID 78080065064
Lot Size 42.120 Acres
Acres 42.12
Property Description
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.
Location
State MI
County Leelanau
Area Area28042Traversecity
Interior
Fireplace No
Exterior
View Y/N No
Building
Lot Description WaterView, Sloped, ManyTrees, Wooded
Sewer None
Water None
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
©2026 Realcomp II Ltd. Shareholders
Listed by Mark D Hagan of Coldwell Banker Schmidt Traver