Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    3929 Bay Valley Drive Williamsburg, MI 49690

    View on Map
    Claim this Listing
    For Sale
    $2,100,000

    LAND - Williamsburg, MI

    Lot size:
    0.65 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    43
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 3929 Bay Valley Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    01-560-003-00
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 3 NORTHVIEW PLAT OF DEEPWATER POINT.
    Tax Annual Amount
    5690

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Mildred Matthews

    Listing agent Mildred Matthews

    Listing office More Group Michigan, LLC 1525 Wingate Boulevard, Dexter, MI

    Listing date Mar 26, 2026

    MLS# 26012653 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private Beach on Grand Traverse Bay
    • Waterfront Property on Grand Traverse Bay
    • Historic Estate
    • Minutes from Traverse City
    • Lake Waterfront Features
    • Cable Available

    Overview

    Historic Waterfront Estate on Bay

    Located minutes from Traverse City, the property at 3929 Bay Valley Drive offers an opportunity to own a piece of Michigan's shoreline. This waterfront property includes a private beach, suitable for swimming, kayaking, and waterfront recreation. The property offers views of sunrises over Grand Traverse Bay and sunsets. The lot size is approximately 0.65 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.49759
    Latitude
    44.804386

    Nearby Similar for Sale

    • $995,000
      63,240 SF

      Industrial Compound Near Traverse City

      63,240 SF manufacturing/warehouse on 8+ acres near Traverse City.
      8055 Angell Road, Williamsburg, MI 49690
      View Details
    • $310,000

      Land Near Traverse City Horse Shows

      6.99 acre lot near recreation trails and Traverse City.
      3041 Dockery Road, Nw, Williamsburg, MI 49690
      View Details
    • $185,000

      Secluded Land with Pond Access

      5.85 acres near recreation, pond, and state land.
      3383 NW DOCKERY ROAD, WILLIAMSBURG, MI 49690
      View Details
    • $294,900

      Williamsburg Acreage Borders State Land

      6.62 acres bordering state land with recreational trails access.
      3037 Dockery Road, Nw, Williamsburg, MI 49690
      View Details
    • $1,995,000
      12,259 SF

      Prime Mixed-Use Development Opportunity

      Shovel-ready 4.35-acre site with mixed-use potential in Williamsburg, MI.
      4160 E M-72 E, Williamsburg, MI 49690
      View Details
    • $499,900

      Wooded Land Parcel with Garage

      17-acre wooded parcel with building sites and three-car garage.
      11268 WATSON ROAD, WILLIAMSBURG, MI 49690
      View Details
    • $149,900

      Secluded Wooded Parcel Near Truax Lake

      Private 4.10-acre wooded parcel near Truax Lake.
      4811 Truax Lake Road, Williamsburg, MI 49690
      View Details
    • $9,950,000

      Equestrian Facility in Grand Prix Village

      Luxury equestrian facility with 22-stall barn and living quarters.
      6625 Grand Prix Drive, Williamsburg, MI 49690
      View Details
    • $24,157,817

      280-Acre Estate Near Traverse City

      280-acre estate with bed & breakfast, orchard, residence, outbuildings.
      7710 US-31 N, Williamsburg, MI 49690
      View Details
    • $140,000

      10 Acres in Acme Township

      Secluded 10-acre wooded property near Traverse City.
      00 Bunker Hill Road, Williamsburg, MI 49690
      View Details
    • $375,000

      20.4 Acre Lot Near Flintfields

      20.4 acre lot with development potential near Flintfields Horse Park.
      000 Bennett Road, Williamsburg, MI 49690
      View Details
    • $98,500

      Williamsburg Buildable Corner Lot

      Buildable lot near Wolverine Golf Course, municipal utilities available.
      4231 Wolverine Drive, Williamsburg, MI 49690
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront property with private beach near Traverse City.
    Where is this waterfront land located?
    The property is located at 3929 Bay Valley Drive Williamsburg, MI.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Private Beach on Grand Traverse Bay; Waterfront Property on Grand Traverse Bay; Historic Estate
    (734) 239-3796
    We can help!
    Listing Contact
    Mildred Matthews
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3929 Bay Valley Drive, Williamsburg, MI 49690
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!