S Garfield Road Traverse City, MI 49686

Sold In House

$6,000,000

Market Estimate

336.67 Acres
Vacant Lot/Land
MLS# 1885190

S Garfield Road, Traverse City, MI 49686

Listing provided courtesy of: Coldwell Banker Schmidt-402: 402 E Front Street, Traverse City, MI

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Property Details

Description

Incredible opportunity for premium property w/over 10,000' combined private frontage on beautiful Arbutus Lake. Secluded, yet accessible in any season, there is no other development in the Grand Traverse region that compares to this jewel of a location. 40 acre parcel splits & several small acreage lots are packaged together in this offering for 354 acres comprised of separate parcels. Ideal for developer or builder looking to offer upscale home packages in private wooded locations w/waterfront OR large single estates. 395 acre Arbutus Lake is a scenic, all-sports lake w/sandy shoreline/bottom surrounded by gorgeous rolling woodland, areas of sunny meadow & lots of wildlife. Frontage on four county-maintained roadways w/underground utilities. Just 6 miles to downtown Traverse City.

General Features
- Manufactured Allowed No
- Mineral Rights No
- Private Shared Private
- Township East Bay
- Town T 27N
- Type of Ownership Private Owner
- Type Vacant Lot/Land
Building Features
- Commercial Y N NO
Property Features
- Environmental Features None
- Land Features Cleared, Evergreens, Hardwoods, Level, Rolling, Sloping, Some LowLand Areas, Wooded
- Lot Dimensions see surveys
- Lake Size 395 acres
- Exterior Features Countryside View, None
- Development Amenities None
- Utilities Available Cable Internet, Cable TV, DSL, Electric, Telephone
- Road Blacktop, Cul-de-Sac, Gravel, Public Maintained
- Water Installed None
- Water Features Priv Frontage (Wtr Side), Inland Lake, All Sports, Sandy Bottom, Vegetation to Water Edge, Public Lake, Sandy Shoreline
- Water Available Private Well
- Number of Acres 336.67
- Waste Available Private Septic
- Waste Installed None
- Water Front Footage 5908
- Body of Water Arbutus Lake
Schools
- School District Traverse City Area Public School

Neighborhood

49686 (Traverse City) Demographics

46 Median Age

230 Population Density (per sq. mile)

54% College Educated

$68,609 Estimated Median Income

11,234 Estimated Total Home Owners

3,419 Estimated Total Renters

77% / 23% Estimated Owner / Renter Divide

2 Estimated Average Household Size

34,341 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$319,000 Median Sales Price

77 Homes Sold

108 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	New in Database Source: Multiple Listing Service	New Value: $0	-100%
12/7/2021 3:00:00 AM	Sold Source: Multiple Listing Service	New Value: $6,000,000

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.