Introducing the Penthouses at 111 State Street: two full-floor residences, each with its own private elevator, oversized climate-controlled garage, and dedicated rooftop terrace with views of Grand Traverse Bay. Each home offers nearly 3,500 square feet of private interior and exterior living space. The private elevator provides direct access from the lobby into the residence and continues up to the rooftop terrace with water views. Construction is scheduled for completion late Summer 2025. Each home has a bespoke interior design package that includes natural marble, white oak floors, top of the line appliances, custom millwork, over ten foot ceilings and oversized windows that flood the space with natural light from multiple exposures. The homes have been designed for a lifestyle of privacy and convenience, located two blocks from the beach and Clinch Marina, steps from restaurants, shopping, and trailheads. Freshwater Development is recognized for its uncompromising commitment to quality, building to the highest standards. The homes have state-of-the-art soundproofing throughout and double-pane casement windows, ensuring energy efficiency and serene interior quiet. Each residence has its own climate-controlled garage with oversized doors, generous storage, and EV charging stations. A private rooftop terrace extends the living space outdoors, complete with a custom pergola and the option to add an outdoor kitchen, sauna, cold plunge, or hot tub. These two homes have been carefully constructed with the finest materials and built with meticulous attention to detail, all supported by Freshwater Development’s signature white-glove service, an experience that continues well beyond closing day. See Developer's website for more information: freshwaterdevelopments.com
New construction
$2,950,000
111 E State St UNIT PENTHOUSE B, Traverse City, MI 49684
5beds
2,436sqft
Est.:
Condominium, Single Family Residence
Built in 2025
-- sqft lot
$2,825,900 Zestimate®
$1,211/sqft
$700/mo HOA
What's special
Natural marbleSerene interior quietState-of-the-art soundproofingOversized climate-controlled garageBespoke interior design packageOver ten foot ceilingsCustom pergola
- 90 days
- on Zillow |
- 474 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 01:06pm
Listed by:
Lydia Wiley 312-882-4074,
@properties Christie's Int'l 231-642-2363
Source: NGLRMLS,MLS#: 1933664

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 4
Rooms
- Room types: Dining Room, Great Room, Exercise Room
Primary bedroom
- Level: Main
- Area: 160
- Dimensions: 16 x 10
Bedroom 2
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Bedroom 3
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Bedroom 4
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 180
- Dimensions: 18 x 10
Kitchen
- Level: Main
- Area: 220
- Dimensions: 20 x 11
Living room
- Level: Main
- Area: 396
- Dimensions: 18 x 22
Heating
- Forced Air, Heat Pump, ENERGY STAR Qualified Equipment
Cooling
- Central Air, Zoned, ENERGY STAR Qualified Equipment
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Freezer, Exhaust Fan, Electric Water Heater
- Laundry: Main Level
Features
- Bookcases, Entrance Foyer, Walk-In Closet(s), Solid Surface Counters, Kitchen Island, Den/Study, Beamed Ceilings, Drywall, Cable TV, High Speed Internet, WiFi
- Flooring: Wood, Tile
- Windows: Low Emissivity Windows
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,436
- Total interior livable area: 2,436 sqft
- Finished area above ground: 2,436
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage Door Opener, Alley Access, Paved, Heated Garage, Heated, Asphalt
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Access, Accessible Entrance, Accessible Elevator Installed
Features
- Levels: One
- Stories: 1
- Entry location: Elevator,No Steps,Second Floor Level
- Patio & porch: Deck
- Exterior features: Sidewalk, Rain Gutters
- Has view: Yes
- View description: Bay, Bay View
- Has water view: Yes
- Water view: Bay
Lot
- Features: Level, Landscaped
Details
- Additional structures: None
- Parcel number: 00-00-000-000-00
- Zoning description: Residential
- Other equipment: Electric Air Filter, Air Purifier
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
- Attached to another structure: Yes
Materials
- Brick, Frame, Steel Siding, Wood Siding
- Foundation: Block
- Roof: Wood,Membrane
Condition
- New Construction
- New construction: Yes
- Year built: 2025
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Appliances, Thermostat
Community & HOA
Community
- Features: Pets Allowed
- Security: Security System, Smoke Detector(s)
- Subdivision: Penthouses at 111 State
HOA
- Services included: Trash, Snow Removal, Maintenance Grounds, Maintenance Structure, Liability Insurance, Fire Insurance
- HOA fee: $8,400 annually
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $1,211/sqft
- Price range: $3M - $3M
- Date on market: 5/13/2025
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
- Loading
- Loading