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.
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
- 20 days |
- 232 |
- 11 |
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#: 1941891
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
| Date | Event | Price |
|---|---|---|
| 12/22/2023 | Listed for sale | $2,500,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 49684
Nearby schools
GreatSchools rating
- 7/10Willow Hill Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10West Middle SchoolGrades: 6-8Distance: 2.5 mi
- 8/10West Senior HighGrades: 9-12Distance: 2.7 mi
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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