2

Days on homefello

2006

Year Built

$687

Price Per Sqft

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Price vs Median

Could you see yourself in this home?

Patio

Central Air

Waterfront

Private Pool

Full Home Description

Enjoy the best of waterfront living on East Grand Traverse Bay with this beautifully positioned ground-floor condo, fully furnished, offering unobstructed views of the bay and Old Mission Peninsula. Step onto your spacious private patio and walk directly to the beach—perfect for morning coffee, evening sunsets, or relaxing by the water. This 2-bedroom, 2-bath condo offers comfort and convenience with an open living space, kitchen with gas stove and in-unit washer and dryer. The ground-floor location provides effortless indoor-outdoor living and easy beach access. Owners and guests enjoy resort-style amenities, including a pool, hot tub, outdoor barbecue area, and a third-floor community room with panoramic bay views. Whether you're looking for a luxury Northern Michigan getaway, full-time waterfront condo, or a strong rental income opportunity, this property delivers the ultimate Traverse City lifestyle—just minutes from downtown dining, shopping, and wineries.

Listed by Wayne A Toteff · REO - Elk Rapids-101308 · (231) 264-6604

Inside the Home
  • 2 bedrooms

  • 2 full bathrooms

  • Includes dishwasher, disposal, dryer, microwave, refrigerator, washer, range, oven, electric water heater

  • 1,207 sq ft of living space

  • Pantry, Walk-In Closet(s)

Comfort & Climate
  • Forced Air, Exhaust Fan, Natural Gas

  • Central Air, Exhaust Fan

  • Fireplace — gas

Outdoor Features
  • Patio

  • Private pool

  • Waterfront access

  • View: Bay

Property Overview
  • Built in 2006

  • Other architecture

  • Condominium

  • HOA: $8,072 / Annually

  • HOA includes: maintenance grounds, snow removal, maintenance structure, trash

Utilities
  • Water: Public

Construction
  • Cement Siding

  • Foundation: Slab

Community
  • Subdivision: Penninsula Bay

  • Grand Traverse County

Estimate Your Mortgage Payment
Offer Purchase Price

$

List Price Offer
Down Payment

$

%

No PMI
Loan Type
Loan Term
Zip Code
Interest Rate

%

Default area avg

Property Tax (%)
Home Insurance ($/yr)
HOA ($/mo)

Monthly Mortgage
$4,952
/mo

Principal & Interest:

$4,023

Taxes:

$829

Insurance:

$100

HOA Fees:

$0

Loan Types You May Qualify For
FHA Loans
  • 3.5% down payment
  • Lower credit scores

VA Loans (Veterans)
  • $0 down payment
  • No PMI
  • Often lower rates

Conventional Loans
  • Good for great credit
  • May not require PMI
First-Time Buyer Programs
  • Low down payment
  • Reduced rates
Down Payment Assistance
  • Forgivable loans & grants
  • DPA programs

Rating

School Name

Distance

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Reported Incidents (Last 5 Years)

From: 1941 US-31 N 15, Traverse City 49686

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IDX provided courtesy of Realcomp II Ltd. via GoodHome Realty and MLS. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The data relating to real estate properties on this website was last updated as recently as .

Listing Information presented by local MLS brokerage: GoodHome Realty and MLS, Inc., REALTOR® - Quinton Lemond - (248) 928-4992.