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E Carter Rd
Traverse City, MI 49684
Morgan Farms, Phase II · Land For Sale · 42.00 AC

Investment Highlights

  • Situated in a highly desirable area with easy access to major highways and local amenities.
  • Offers a generous amount of space, perfect for accommodating various business or residential needs.

Executive Summary

Discover a fantastic turn-key development opportunity on the rolling slopes of Morgan Farms with this 42-acre parcel on E Carter Rd, Traverse City, MI 49684. This unique property offers fabulous views of the city skyline and West Grand Traverse Bay, making it one of the last available tracts of land of this scale in the area. With access to both M-72 and E Carter Rd, the location is ideal for a Phase II Hilltop residential development, preapproved for 66 single-family home lots. The land features mostly high and dry terrain, populated by mature maples and red pines. Enjoy the rural setting while being within a five-minute drive of downtown Traverse City, offering terrific shopping, dining, entertainment, schools, and year-round festivals. Available utilities include municipal water/sewer, electric, natural gas, and cable.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Planned Unit Development
Total Lot Size 42.00 AC
Zoning PUD - Planned Unit Development

1 Lot Available

Lot

Price $3,475,675 CAD
Price Per AC $82,754.17 CAD
Lot Size 42.00 AC

Description

Fantastic turn-key development opportunity on the rolling slopes of Morgan Farms! 42 acres available with access to both M-72 and E Carter Rd. 66 single family home lots have been preapproved in a Phase II Hilltop residential development. This truly unique property boasts fabulous views of both the city skyline and West Grand Traverse Bay in one of the last available tracts of land of this scale in the area. This location has mostly high and dry land populated by mature maples and red pines. New road construction and tree clearing already underway, all engineering complete, and remaining permits applied for. Enjoy the rural setting while being within biking/walking or five-minute drive of downtown Traverse City with terrific shopping/dining/entertainment, schools, hospital, and year-round festivals. Available utilities include municipal water/sewer, electric, natural gas, and cable.

Property Taxes

Property Taxes

Parcel Number
051-350-001-02
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$756,646 CAD
  • Listing ID: 30884973

  • Date on Market: 2024-02-06

  • Last Updated:

  • Address: E Carter Rd, Traverse City, MI 49684

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