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Peninsula Knolls Buildable Lot
For Sale
$349,000

377 Peninsula Knolls Lane, Traverse City, MI 49686

1.19-acre wooded lot in desirable Peninsula Knolls subdivision.

Property SizeContact for details
Lot Size1.19 Acres
Days on Market507

Property Features for 377 Peninsula Knolls Lane

General Information

Standard status Active
Lot size 1.19 Acres
Property subtype Lots/Land
Listing Agency: Twin Bay Properties, LLC
Listed By: David G Cutler · License #6502417683
Source: Exitrealty
Added: Apr 15, 2025 Changed: Sep 1 Last Checked: Sep 2 at 7:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Twin Bay Properties, LLC

Investment Insights

Based on property information with market context.

This 1.19-acre parcel is the last buildable lot in the Peninsula Knolls subdivision, situated at the base of the Old Mission Peninsula. The property is heavily wooded with rolling typography, offering privacy and multiple building site options suitable for a ranch-style home or a multi-story design with or without walkout. It backs up to open space from the neighboring Mission Bay development, providing a peaceful setting. The location is minutes from downtown Traverse City, local beaches, wineries, and restaurants. All underground utilities are on site, including natural gas, electric, cable, and municipal water. There are multiple potential locations for an on-site septic system installation. This property offers privacy, convenience, natural beauty, and access to Traverse City and the Old Mission Peninsula.

Key Highlights

  • Last buildable lot in the desirable Peninsula Knolls subdivision.
  • Enjoy a peaceful setting backing up to open space.
  • 1.19‑acre wooded parcel with rolling typography and multiple building site options.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Hair Salon Auto Repair Shop Nail Salon Spa & Massage Center Kitchen & Bath Showroom Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

40
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 1.19-acre wooded lot in desirable Peninsula Knolls 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: Last buildable lot in the desirable Peninsula Knolls subdivision.; Enjoy a peaceful setting backing up to open space.; 1.19‑acre wooded parcel with rolling typography and multiple building site options.
More about this property
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