Traverse City Luxury Homes for Sale

^{Luxury Lifestyle}

Traverse City, Michigan

Traverse City has been called one of the best-kept secrets in Michigan – especially by folks who are looking for a place to live where they can stay active throughout all four seasons.

This page gives general information about the luxury lifestyle real estate market and lets you search Luxury homes for sale in Traverse City, Michigan.

Real Estate Statistics

Average Price	$2M
Lowest Price	$1M
Highest Price	$9.5M
Total Listings	92
Avg. Days On Market	123
Avg. Price/SQFT	$740

Property Types (active listings)

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$9,499,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 6 Baths 10,412 SqFt RESIDENTIAL MLS® # 473610

$9,499,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 5.5 Baths 8,440 SqFt Residential MLS® # 1921642

$6,995,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1921083

$3,875,000

↓ $324,900

743 Munson Avenue, Traverse City

7 Beds 5.5 Baths 5,109 SqFt Residential MLS® # 1920825

$3,850,957

207 W Grandview 405, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923273

$3,564,936

207 W Grandview 404, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923274

$3,545,979

207 W Grandview 305, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923267

$3,504,000

(unit 505) 330 E State Street 505, Traverse City

4 Beds 3 Baths 2,895 SqFt Residential MLS® # 1918854

$3,504,000

(unit 503) 330 E State Street 503, Traverse City

4 Beds 3 Baths 2,895 SqFt Residential MLS® # 1918833

$3,260,468

207 W Grandview 304, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923268

$3,225,541

207 W Grandview 205, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923261

$3,154,052

207 W Grandview 204, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923262

$2,975,000

↓ $25,000

14588 Peninsula Drive, Traverse City

4 Beds 3.5 Baths 4,500 SqFt Residential MLS® # 1921615

New Pending

$2,800,512

(unit 502) 330 E State Street 502, Traverse City

4 Beds 3 Baths 2,882 SqFt Residential MLS® # 1918835

$2,659,900

5050 Playa Kas Drive, Traverse City

7 Beds 3.5 Baths 4,711 SqFt Residential MLS® # 1924501

Pending

$2,590,000

109 E Front Street 304, Traverse City

4 Beds 3 Baths 3,154 SqFt Residential MLS® # 1920894

$2,550,000

↓ $300,000

2175 N Us-31 N, Traverse City

6 Beds 4 Baths 3,270 SqFt Residential MLS® # 1912471

$2,499,000

133 Uptown Court, Traverse City

4 Beds 4 Baths 4,595 SqFt Residential MLS® # 1921119

$2,495,000

↓ $355,000

15863 Waters Edge Drive, Traverse City

4 Beds 3.5 Baths 3,478 SqFt Residential MLS® # 1924203

$2,495,000

↓ $200,000

753 Wilson Road, Traverse City

4 Beds 4.5 Baths 4,698 SqFt Residential MLS® # 1921648

$2,475,000

7578 Brown Bridge Road, Traverse City

3 Beds 3 Baths 2,444 SqFt Residential MLS® # 1923117

New

$2,450,000

15678 Waters Edge, Traverse City

4 Beds 3.5 Baths 3,314 SqFt Residential MLS® # 1925162

$2,400,000

↓ $200,000

1571 N South Long Lake Road, Traverse City

5 Beds 3.5 Baths 3,259 SqFt Residential MLS® # 1923848

New

$2,395,000

15690 Waters Edge, Traverse City

4 Beds 3.5 Baths 3,165 SqFt Residential MLS® # 1925133

$2,350,000

↓ $150,000

9860 Edgewood Avenue, Traverse City

5 Beds 3.5 Baths 4,956 SqFt Residential MLS® # 1923172

$2,200,000

↓ $200,000

8894 Wintergreen Avenue, Traverse City

4 Beds 2.5 Baths 1,866 SqFt Residential MLS® # 1920408

$2,103,156

207 W Grandview 403, Traverse City

2 Beds 2.5 Baths 2,068 SqFt Residential MLS® # 1923272

$2,100,000

577 Brakel Point Drive, Traverse City

3 Beds 3.5 Baths 3,056 SqFt Residential MLS® # 1915860

$2,070,000

↑ $258,960

(unit 501) 330 E State Street 501, Traverse City

4 Beds 3 Baths 2,388 SqFt Residential MLS® # 1918836

$2,050,000

↑ $295,720

(unit 504) 330 E State Street 504, Traverse City

4 Beds 3 Baths 2,302 SqFt Residential MLS® # 1918853

$1,999,000

↓ $251,000

696 Old Incochee Farm Trail, Traverse City

5 Beds 4.5 Baths 5,663 SqFt Residential MLS® # 1924158

$1,899,000

911 Wayne Street, Traverse City

6 Beds 5.5 Baths 4,988 SqFt Residential MLS® # 1924232

$1,840,520

207 W Grandview 303, Traverse City

2 Beds 2.5 Baths 2,068 SqFt Residential MLS® # 1923266

$1,799,000

↑ $250,000

(unit 405) 330 E State Street 405, Traverse City

4 Beds 3 Baths 2,302 SqFt Residential MLS® # 1918852

New

$1,790,000

6565 Sw Bay Shore Drive, Traverse City

4 Beds 3 Baths 2,520 SqFt Residential MLS® # 1925115

New

$1,749,900

4344 Buteo Drive, Traverse City

5 Beds 4.5 Baths 4,691 SqFt Residential MLS® # 1925123

Pending

$1,695,000

1996 Island View Road, Traverse City

4 Beds 3 Baths 4,200 SqFt Residential MLS® # 1923001

New Pending

$1,673,750

142 Vineyard Ridge Drive Lot 24, Traverse City

5 Beds 5 Baths 5,000 SqFt Residential MLS® # 1923336

$1,654,400

207 W Grandview 203, Traverse City

2 Beds 2.5 Baths 2,068 SqFt Residential MLS® # 1923260

$1,599,000

(unit 401) 330 E State Street 401, Traverse City

4 Beds 3 Baths 2,388 SqFt Residential MLS® # 1918832

$1,595,000

2899 River Bend Road, Traverse City

4 Beds 2 Baths 2,442 SqFt Residential MLS® # 1923088

$1,560,000

534 E State Street, Traverse City

4 Beds 4 Baths 3,350 SqFt Residential MLS® # 1924732

$1,500,000

3212 Wabanaki Trail, Traverse City

6 Beds 5.5 Baths 5,825 SqFt Residential MLS® # 1924646

$1,500,000

1020 Long Lake Road, W, Traverse City

3 Beds 3 Baths 2,310 SqFt Residential MLS® # 1922404

$1,499,000

896 Incochee Woods Drive, Traverse City

4 Beds 3.5 Baths 4,709 SqFt Residential MLS® # 1924429

$1,495,000

7552 E Melissa Drive, Traverse City

3 Beds 2.5 Baths 1,920 SqFt Residential MLS® # 1922607

New Pending

$1,495,000

13875 S Meridian Drive 11, Traverse City

4 Beds 5 Baths 3,624 SqFt Residential MLS® # 1922271

$1,475,000

7025 E Birch Point Road, Traverse City

2 Beds 1 Bath 1,120 SqFt Residential MLS® # 1924909

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Traverse City, MI Luxury Homes for Sale

Discover the finest luxury homes for sale in Traverse City, MI, featuring exquisite properties with list prices of at least $1,000,000. Explore your dream home today.

Introduction

Traverse City, MI, renowned for its picturesque landscapes and vibrant community, is a prime location for luxury living. Nestled along the shores of Lake Michigan, this charming city offers an array of upscale properties that cater to the most discerning buyers. Whether you’re seeking a waterfront mansion, a secluded estate, or a modern downtown penthouse, Traverse City has it all. In this comprehensive guide, we’ll delve into the luxury real estate market in Traverse City, highlighting key neighborhoods, amenities, and what makes these properties so desirable.

Understanding the Traverse City Luxury Real Estate Market

Traverse City’s luxury real estate market is characterized by a diverse range of properties, from expansive waterfront estates to chic urban penthouses. The demand for high-end homes is driven by the area’s natural beauty, cultural attractions, and quality of life. With a price threshold of $1,000,000, luxury homes in this market offer unparalleled amenities, stunning architecture, and prime locations.

Why Choose Traverse City for Your Luxury Home

Traverse City offers a unique blend of small-town charm and upscale living. The city is known for its vibrant arts scene, award-winning wineries, and pristine natural surroundings. It’s an ideal location for those who seek a tranquil lifestyle without sacrificing the conveniences of a metropolitan area.

Top Neighborhoods for Luxury Homes in Traverse City

Old Mission Peninsula

Old Mission Peninsula is famous for its breathtaking views of Lake Michigan and lush vineyards. Homes in this area often feature extensive acreage, private docks, and vineyard access.

East Bay

East Bay is a popular choice for luxury homebuyers due to its beautiful waterfront properties. Homes here offer direct beach access and panoramic views of the bay.

Downtown Traverse City

For those who prefer an urban lifestyle, downtown Traverse City offers modern luxury condos and penthouses with easy access to dining, shopping, and entertainment.

Waterfront Luxury Properties in Traverse City

Waterfront homes in Traverse City are highly sought after for their stunning lake views and private beach access. These properties often feature expansive decks, boathouses, and state-of-the-art amenities designed for both relaxation and entertainment.

Historic Estates in Traverse City

Traverse City boasts several historic estates that have been meticulously restored to offer modern luxury while preserving their original charm. These properties often include spacious grounds, elegant architecture, and unique historical details.

Modern Luxury Homes in Downtown Traverse City

Downtown Traverse City is home to a variety of modern luxury properties, including high-rise condos and custom-built homes. These residences offer contemporary designs, smart home technology, and proximity to the city’s vibrant cultural and social scene.

Luxury Condominiums and Penthouses

Luxury condominiums and penthouses in Traverse City provide an upscale urban living experience. These properties typically feature high-end finishes, spectacular city or lake views, and exclusive building amenities such as private gyms and concierge services.

Features of Luxury Homes in Traverse City

Luxury homes in Traverse City are distinguished by their high-end features and finishes. Common elements include gourmet kitchens, spa-like bathrooms, custom cabinetry, and expansive outdoor living areas.

Amenities and Services in Luxury Homes

High-end homes in Traverse City come with a host of amenities designed to enhance comfort and convenience. These may include home theaters, wine cellars, infinity pools, and advanced security systems.

Investment Potential of Luxury Homes in Traverse City

The luxury real estate market in Traverse City is not only appealing for its lifestyle benefits but also for its investment potential. Property values in desirable neighborhoods tend to appreciate, making luxury homes a sound long-term investment.

The Buying Process for Luxury Homes

Buying a luxury home involves several unique steps compared to standard real estate transactions. From securing financing to conducting thorough inspections and navigating legal considerations, understanding the process is crucial for a successful purchase.

Working with a Real Estate Agent in Traverse City

Collaborating with a local real estate agent who specializes in luxury properties is essential. An experienced agent can provide valuable insights into the market, help identify suitable properties, and negotiate favorable terms on your behalf.

Financing Your Luxury Home Purchase

Financing a luxury home requires specialized loan products and a thorough understanding of financial options. It’s important to work with lenders who have experience in high-end real estate to secure the best terms and rates.

Legal Considerations When Buying Luxury Real Estate

Purchasing a luxury home involves various legal aspects, from title searches to zoning regulations. Ensuring all legal requirements are met protects your investment and helps avoid potential disputes.

Maintaining and Upkeeping a Luxury Home

Owning a luxury home comes with the responsibility of regular maintenance and upkeep. This includes everything from routine landscaping and pool maintenance to preserving high-end finishes and appliances.

Outdoor Living Spaces and Landscaping

Outdoor living spaces are a significant aspect of luxury homes in Traverse City. Properties often feature professionally designed gardens, outdoor kitchens, fire pits, and infinity pools, creating an ideal environment for relaxation and entertainment.

Interior Design Trends for Luxury Homes

Interior design trends in luxury homes emphasize elegance and functionality. Current trends include open floor plans, minimalist aesthetics, sustainable materials, and smart home integrations.

Smart Home Technology in Luxury Properties

Smart home technology is increasingly popular in luxury properties, offering convenience and enhanced security. Features such as automated lighting, climate control, and advanced security systems are standard in high-end homes.

Green and Sustainable Luxury Homes

Eco-friendly and sustainable design is becoming a priority for luxury homebuyers. Energy-efficient appliances, solar panels, and sustainable building materials are key features of green luxury homes.

Community and Lifestyle in Traverse City

Traverse City offers a rich community life with various activities and amenities. From farmers markets and art festivals to outdoor adventures and winery tours, there’s something for everyone to enjoy.

Schools and Education in Traverse City

Traverse City is home to several highly rated schools and educational institutions, making it an excellent location for families. The community places a strong emphasis on education, providing a range of options for children and young adults.

Health and Wellness Facilities Nearby

Access to top-notch health and wellness facilities is a significant consideration for luxury homebuyers. Traverse City offers various options, including fitness centers, spas, and healthcare services to support a healthy lifestyle.

Dining and Entertainment in Traverse City

The city boasts a vibrant dining scene with a range of gourmet restaurants, cafes, and wineries. Entertainment options are plentiful, including theaters, live music venues, and cultural events.

Shopping and Boutiques in Traverse City

Traverse City features a variety of shopping opportunities, from high-end boutiques to local artisan shops. The downtown area is particularly known for its unique stores and luxury retailers.

Outdoor Activities and Recreation

The natural beauty of Traverse City provides ample opportunities for outdoor activities. Residents can enjoy boating, hiking, golfing, and skiing, among other recreational pursuits.

Annual Events and Festivals

Traverse City hosts numerous annual events and festivals, celebrating everything from cherries and wine to film and art. These events enhance the city’s community spirit and provide entertainment year-round.

Cultural Attractions and Art Scene

The city’s cultural scene is vibrant, with museums, galleries, and performing arts centers offering a range of artistic experiences. Traverse City’s commitment to the arts enriches the community and provides residents with ample cultural opportunities.

Travel and Transportation Options

Traverse City is easily accessible by various modes of transportation. The Cherry Capital Airport offers flights to major cities, while the well-maintained road network ensures convenient travel by car.

Safety and Security in Luxury Homes

Safety and security are paramount in luxury homes. Many properties are equipped with advanced security systems, gated entrances, and 24/7 surveillance to ensure the safety of residents and their belongings.

Frequently Asked Questions

Q. What defines a luxury home in Traverse City? A. A luxury home in Traverse City is typically defined by a list price of at least $1,000,000 and features high-end amenities, prime locations, and superior design and construction quality.

Q. What are the benefits of buying a luxury home in Traverse City?
A. Benefits include access to stunning natural surroundings, a vibrant community, top-tier amenities, and a strong investment potential due to the desirability of the location.

Q. How do I start the process of buying a luxury home in Traverse City?
A. Begin by researching the market, identifying your preferred neighborhoods, and consulting with a local real estate agent who specializes in luxury properties.

Q. What are the key features to look for in a luxury home?
A. Key features include high-end finishes, modern amenities, prime locations, spacious floor plans, and unique architectural details.

Q. Is Traverse City a good place to invest in luxury real estate?
A. Yes, Traverse City is an excellent place to invest in luxury real estate due to its growing popularity, stable property values, and high quality of life.

Q. How can I ensure the maintenance of my luxury home?
A. Regular maintenance can be ensured by hiring professional services for landscaping, cleaning, and system checks, as well as keeping up with any necessary repairs and updates.

Conclusion

Traverse City, MI, offers a wealth of opportunities for those seeking luxury homes. From breathtaking waterfront estates to sophisticated urban penthouses, the city's real estate market caters to a variety of preferences and lifestyles. With its stunning natural beauty, vibrant community, and top-tier amenities, Traverse City stands out as an ideal location for luxury living. If you’re considering investing in a high-end property, Traverse City provides an unparalleled blend of charm, elegance, and modern convenience.

Check out this video for a look at the Luxury Lifestyle

Eager to learn more about Traverse City, Michigan luxury homes for sale? Connect with Brook Walsh today! We'll be happy to help you through every step of the Northern Michigan lifestyle real estate process.