Active

55 S Hope Ridge

Traverse City, Michigan 49696

$3,500,000 $14,756/Mo

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Overview

Bed

Bath

6,901

Sqft

40.39

Acres(Lot)

Description

Just 8 minutes from downtown Traverse City, this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16,000 square feet and 4 large barns, itÃ¢â‚¬â„¢s ideal for a variety of venturesÃ¢â‚¬"think destination wedding venue, retreat center, boutique resort, private school, or family compound. Capacity to hold over 80 guests! The blend of open fields, wooded privacy, and close proximity to town creates a one-of-a-kind setting for residential, commercial, or creative redevelopment opportunities.

Property Details

Property Type : Multifamily

Price : $3,500,000

AD Id : 77845550

MLS Id : 78080067586

Lot Size : 40.39 Acres

Living Area Size : 6,901

Year Built : 1989

Garage : Garage

County : Grand Traverse

Subdivision: Starr Acres

Map

What's Nearby

Nearby Areas

Features

Room Information

Porches: Deck,Patio,Porch

Interior Features

Other Basement Description: Walk-Out Access
Heating & Cooling

Cooling: Other Heating: Forced Air,Other Heating Fuel: Natural Gas

Water Heater

Other

Building Information

Year Built: 1989 Building Stories: 1 1/2 Story Total Units: 7 Foundation/Basement: Crawl,Slab,Basement Architecture: Ranch
Exterior Features

Construction: Stone
Utility Features

Sewer: Septic Tank (Existing)
Water

Community Water Heat: Other

Lot Information

Lot Size: 40.39 Lot Dimensions: Irregular Waterfront Description: Pond
Property Information

SQ ft: 6901 Subdivision: Abba's House Financing: Cash

Listing Price Information

Original List Price: $3,500,000
Listing Information

Possession: Negotiable Legal Description: COM N 1/4 COR FOR POB TH W 903.84' TH S 2,689.32' TH E 558.28' TH N 1894' TH E 345' TH N 795.89' TO POB SEC 2 T26N R11W

Tax Information

Parcel Number: 0200200420
Possession

Negotiable
Legal Information

Legal Description: Section: COM N 1/4 COR FOR POB TH W 903.84' TH S 2,689.32' TH E 558.28' TH N 1894' TH E 345' TH N 795.89' TO POB SEC 2 T26N R11W

School Information

School District: Traverse City
Utility Information

Water: Community Sewer: Septic Tank (Existing)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1627 Rasho Road , Traverse City, MI, 49696	$849,000	--	--	--

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/16/2026 @ 17:13

MLS: 78080067586 LISTED BY: Matthew J Dakoske , REMAX Bayshore - Union St TC 231-941-4500 SOURCE: Realcomp II Ltd