Luxury Condo with Attached
186 Thrive Boulevard Traverse City, MI 49686
New
186 Thrive Boulevard, Traverse City, MI, 49686
$350,000
For Sale
$350,000
CONDOS - Traverse City, MI
Property Size1,794 SF
Price / SF$195.09
Days on Market1
Property Features for 186 Thrive Boulevard
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- Residential
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Family Room, Bathroom 1, Bedroom 3, Dining Room, Bathroom 2, Bedroom 2
- Patio and Porch features
- Porch, Patio
- Interior features
- Foyer Entrance, Walk-In Closet(s), Pantry, Solid Surface Counters, Island Kitchen, Beamed Ceilings, Vaulted Ceilings, Drywall
- Exterior features
- Sprinkler System, Patio, Countryside View, Covered Porch, Tennis Court, Landscaped, Porch, Gutters
- Appliances
- Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Freezer, Exhaust Fan, Blinds, Drapes, Curtain Rods, Ceiling Fan, Electric Water Heater
- Standard status
- Active
- Size
- 1,794 SF
Taxes and HOA fees
- Tax Description
- UNIT 17 THRIVE TC CONDOMINIUM 2023C-00036 MASTER DEED, AS AMENDED SPLIT ON 08/24/2023 FROM 02-001-002-00; UNITS 1 THROUGH 26
Utilities
- Water source
- Well
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Keller Williams Northern Michigan
(231) 947-8200
Listed by
Viki Simons
(231) 620-5797
Added: Jul 22 Checked: Jul 22 at 3:06PM
MLS# 1948310
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 luxury condo has been carefully upgraded throughout, including a chef’s gas stove, quartz countertops, and high-quality vinyl plank flooring. The interior includes a huge island, custom hardware and blinds, and extra pantry and linen storage, along with a full finished basement. Outside, professionally landscaped common grounds include a playground, gazebos, a pickleball court, and a fenced dog run.
The unit is set back from the road within the community, positioned to enjoy countryside-view surroundings.
An attached 26-foot carport provides generous covered parking while also serving as valuable outdoor storage space.
The unit is set back from the road within the community, positioned to enjoy countryside-view surroundings.
An attached 26-foot carport provides generous covered parking while also serving as valuable outdoor storage space.
Key Highlights
- 2025 new construction luxury unit with under‑construction condition
- Kitchen features island kitchen, solid surface counters, pantry, and chef’s gas stove
- Interior includes vaulted/beamed ceilings, walk‑in closet(s), and additional pantry/linen storage spaces
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $18.00 |
| − Vacancy | −$1.3k | −$0.72 |
| EGI | $31.0k | $17.28 |
| − OpEx | −$14.0k | −$7.78 |
| NOI | $17.1k | $9.50 |
1,794 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,050 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.7K
$341.0K – $454.7K
NOI $27,280 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Luxury condo features quartz countertops, a full finished basement, and an attached 26-foot carport with covered parking and storage.
Where is this residential income property located?
The property is located at 186 Thrive Boulevard Traverse City, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2025 new construction luxury unit with under‑construction condition; Kitchen features island kitchen, solid surface counters, pantry, and chef’s gas stove; Interior includes vaulted/beamed ceilings, walk‑in closet(s), and additional pantry/linen storage spaces
