Carter Rd Traverse City, MI 49684
- Land
Current Use by Public Records
- Land
Property Details for 0 Carter Rd
- Property type
- Land
Description
This exceptional 42-acre parcel presents a remarkable turn-key development opportunity in Traverse City, Michigan. Located on the desirable rolling slopes of Morgan Farms, this property offers breathtaking views of both the city skyline and West Grand Traverse Bay. The land is predominantly high and dry, featuring mature maples and red pines, creating a picturesque rural setting. A significant advantage is the pre-approval for 66 single-family home lots within a Phase II Hilltop residential development. Extensive groundwork has already been completed, including new road construction and tree clearing. All engineering is finalized, and the remaining permits are currently under application. Conveniently situated, this land provides easy access to both M-72 and E Carter Road, placing residents within a short bike ride, walk, or five-minute drive of downtown Traverse City. Enjoy the vibrant city life with its diverse shopping, dining, entertainment options, excellent schools, a nearby hospital, and numerous year-round festivals. Essential utilities are readily available, including municipal water and sewer, electricity, natural gas, and cable. This is one of the last remaining large tracts of land in this highly sought-after area, making it an unparalleled investment opportunity. The asking price for this exceptional property is $2,500,000. The property is located at E Carter Rd, Traverse City, MI 49684, in Grand Traverse County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.649
- Latitude
- 44.7809
