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Lot/land
  • $2,500,000

    E Carter Rd, Traverse City, MI 49684

    --beds
    --baths
    42.12Acres
    Unimproved Land
    Built in ----
    42.12 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Mature maple treesStately red pinesGently rolling elevated topographyExcellent natural drainage
    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.
    20 days
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    232
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    11
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    Zillow last checked: 8 hours ago

    Listing updated: January 29, 2026 at 10:09pm

    Listed by:

    Mark Hagan Cell:231-929-7985,

    Coldwell Banker Schmidt Traverse City 231-922-2350

    Source: NGLRMLS,MLS#: 1941891MLS Logo

    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: Countryside View, Water, Bay View
    • Has water view: Yes
    • Water view: Water,Bay
    Lot
    • Size: 42.12 Acres
    • Features: Sloped, Hardwoods, Wooded, Evergreens, Steep Slope
    Details
    • Parcel number: 455135000102
    • Zoning description: Planned Unit Development,Site Condominium,Deed Restrictions,Bldg & Use Restrictions

    Utilities & green energy

    • Sewer: Public Sewer, None
    • Water: Public, None
    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Features: Common Area
    • Subdivision: Morgan Farms Phase II
    Location
    • Region: Traverse City

    Financial & listing details

    • Tax assessed value: $486,852
    • Price range: $2.5M - $2.5M
    • Date on market: 1/27/2026
    • Cumulative days on market: 20 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Private Owner
    • Road surface type: Asphalt

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    12/22/2023Listed for sale$2,500,000
    Source: NGLRMLS #1918309 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 49684

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Traverse City Area Public Schools

    Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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