Buildable Lot in Platted
For Sale
$349,000
377 Peninsula Knolls Lane, Traverse City, MI 49686
LAND - Traverse City, MI
Lot Size1.19 Acres
Days on Market474
Property Features for 377 Peninsula Knolls Lane
General Information
Property type
Land
Property subtype
Other
Zoning
Residential,Platted Subdi
Zoning description
Residential, Platted Subdivision
Lot features
Rolling, Hardwoods, Wooded, Rolling, Hardwoods, Wooded
Elementary school district
Traverse City Area Public Schools
Middle school district
Traverse City Area Public Schools
High school district
Traverse City Area Public Schools
Directions
Center Rd (M-37) North to Left turn on Wakulat Drive then left on Mathison to right on Knollwood Drive to Peninsula Knolls Lane. Sign on Left
Subdivision
Grand Traverse
Standard status
Active
Lot size
1.19 Acres
Taxes and HOA fees
Tax Description
Lot 34 Peninsula Knolls #3
Legal Description
Lot 34 Peninsula Knolls #3
Utilities
Utilities
Cable Available
Listing Agency:
Twin Bay Properties, LLC
(231) 357-7800
Listed By:
David Cutler · License #6502417683
(231) 357-7800
Added: Apr 15, 2025
Changed: Jul 2
Last Checked: Aug 1 at 11:06AM
MLS# 1932473
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a for-sale, buildable residential lot within a platted subdivision. The parcel is heavily wooded with rolling topography and provides multiple potential building site locations, accommodating a range of home styles, including ranch-style or multi-story designs with or without a walkout. The lot also offers the opportunity to position the home with access to open space behind the property.
The property is located at the base of Old Mission Peninsula and backs up to open space from the neighboring Mission Bay development. Underground utilities are already on site, including natural gas, electric, cable, and municipal water. The seller also notes multiple potential locations for an on-site septic system installation.
For buyers planning to construct a primary residence, this lot’s wooded setting and varied grade can support thoughtfully sited improvements while providing convenient access to Traverse City and the Old Mission Peninsula area. With municipal water and utility service already brought to the site, the property is well suited for an owner-builder or custom home process that benefits from flexible home placement on the land.
The property is located at the base of Old Mission Peninsula and backs up to open space from the neighboring Mission Bay development. Underground utilities are already on site, including natural gas, electric, cable, and municipal water. The seller also notes multiple potential locations for an on-site septic system installation.
For buyers planning to construct a primary residence, this lot’s wooded setting and varied grade can support thoughtfully sited improvements while providing convenient access to Traverse City and the Old Mission Peninsula area. With municipal water and utility service already brought to the site, the property is well suited for an owner-builder or custom home process that benefits from flexible home placement on the land.
Key Highlights
- 1.19‑acre wooded, rolling lot in the Peninsula Knolls subdivision at the base of Old Mission Peninsula
- Last buildable lot in the subdivision, offering multiple potential building site options
- Backs up to open space from the neighboring Mission Bay development
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Last available wooded lot with underground utilities and flexible building site options in a platted residential subdivision.
Where is this residential land & home lot located?
The property is located at 377 Peninsula Knolls Lane Traverse City, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1.19‑acre wooded, rolling lot in the Peninsula Knolls subdivision at the base of Old Mission Peninsula; Last buildable lot in the subdivision, offering multiple potential building site options; Backs up to open space from the neighboring Mission Bay development
