$2,500,000
 $13,421 est/mo Sourced by Back At You

E Carter Road,Traverse City, MI 49684

Traverse City, MI 49684

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Description

Discover an exceptional development opportunity nestled in the picturesque Morgan Farms! This prime 42-acre parcel offers convenient dual access from both M-72 and E Carter Rd, making it easily accessible from multiple directions. The Phase II Hilltop residential development has been thoughtfully designed with 66 pre-approved lots specifically zoned for single family homes. This remarkable property showcases breathtaking panoramic views of both the vibrant downtown skyline and the sparkling waters of West Grand Traverse Bay, making it one of the last remaining large-scale development parcels in this highly desirable area. The terrain features gently rolling, elevated topography with excellent natural drainage, adorned with mature maple trees and stately red pines creating an idyllic setting. Current development progress includes ongoing road construction and clearing operations, completed engineering work, and submitted permit applications awaiting approval. Residents will enjoy the perfect balance of peaceful countryside living while remaining incredibly accessible to downtown Traverse City - just a pleasant walk/bike ride or quick 5-minute drive away. The city center offers outstanding shopping, diverse dining options, entertainment venues, quality schools, comprehensive medical facilities, and engaging seasonal events. The property comes complete with full modern infrastructure including city water/sewer connections, electrical service, natural gas lines, and cable/internet capabilities.

Details

MLS #80065064
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site245
Listing Provided ByColdwell Banker Schmidt Traver | Mark Hagan

Features

ZoningSite Condominium
Acreage42.12
Property ViewWater

Exterior

Lot FeaturesSloped, Treed, Wooded

Utilities

UtilitiesElectricity Available, Sewer Available, Water Available

Other

List AorAspire North REALTORS

Area Information

StateMI
CountyLeelanau
CityTraverse City
Zip Code49684
AreaTraverse City (28021)
Community NameMorgan Farms Phase Ii
Listing VS Median (in Morgan Farms Phase Ii)
Price:
$2,500,000
low | high
Med:
$0
On site:
245
low | high
Med:
Sourced by Back At You

Market Activity 49684

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Learn More About This Property

StateMI
CountyLeelanau
CityTraverse City
Zip Code49684
AreaTraverse City (28021)
Community NameMorgan Farms Phase Ii
Listing VS Median (in Morgan Farms Phase Ii)
Price:
$2,500,000
low | high
Med:
$0
On site:
245
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.875M - $3.125M
sqft: 0 - 0
Listing Updated: August 26, 2026 at 6:23:52 PM PDT