Pending

$1,250,000

1378 Gray Rd, Traverse City, MI 49686

4beds

3,035sqft

$8,170/mo

Get pre-qualified

Single Family Residence

Built in 1900

53.4 Acres Lot

$-- Zestimate^®

$412/sqft

$-- HOA

What's special

Equipment shedsCold storage facilityTotally renovated farmhouseMassive red barnPole building for storage

Situated on Old Mission Peninsula with sweeping views of Old Mission's pastoral beauty, this once in a lifetime property and opportunity offers 53.4 pristine acres of protected farmland under Peninsula Township’s PDR program, ensuring it remains undeveloped. Originally built in 1900, this totally renovated farmhouse pairs historic charm with modern convenience, while the massive red barn, 4-car detached garage with a foreman’s office, and multiple utility buildings provide plenty of functional space. Additional features include a pole building for storage, equipment sheds, a cold storage facility, and a fruit/food cellar. Perfect for those seeking a blend of space, privacy, and farming potential. Within close proximity to the best wineries, restaurants, parks, and beaches that Old Mission Peninsula has to offer- located just minutes from downtown Traverse City!

376 days
231
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Primary bedroom

Level: Upper
Area: 368.88
Dimensions: 15.3 x 24.11

Bedroom 2

Level: Upper
Area: 243.93
Dimensions: 14.1 x 17.3

Bedroom 3

Level: Upper
Area: 139.36
Dimensions: 10.4 x 13.4

Bedroom 4

Level: Main
Area: 221.85
Dimensions: 15.3 x 14.5

Primary bathroom

Features: Shared

Dining room

Level: Main
Area: 216
Dimensions: 13.5 x 16

Family room

Level: Main
Area: 215.73
Dimensions: 15.3 x 14.1

Kitchen

Level: Main
Area: 153.6
Dimensions: 9.6 x 16

Living room

Level: Main
Area: 309.75
Dimensions: 17.5 x 17.7

Heating

Forced Air, Natural Gas, Fireplace(s)

Appliances

Included: Refrigerator, Oven/Range, Washer, Dryer
Laundry: Main Level

Features

Pantry, Solarium/Sun Room, Other, Cable TV, High Speed Internet
Flooring: Wood
Basement: Partial,Michigan Basement
Has fireplace: Yes
Fireplace features: Wood Burning

Interior area

Total structure area: 3,035
Total interior livable area: 3,035 sqft
Finished area above ground: 3,035
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 3
Parking features: Detached
Garage spaces: 3

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Covered, Porch
Exterior features: Other
Has view: Yes
View description: Bay, Countryside View, Bay View
Has water view: Yes
Water view: Bay

Lot

Size: 53.4 Acres
Features: Previously Farmed, Farm, Cleared, Level, Rolling Slope, Metes and Bounds

Details

Additional structures: Barn(s), Pole Building(s), Shed(s), Other
Parcel number: part of 1100801800
Zoning description: Agricultural Res

Construction

Type & style

Home type: SingleFamily
Architectural style: Farm House
Property subtype: Single Family Residence

Materials

Timber Frame, Vinyl Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Private Sewer
Water: Private

Community & HOA

Community

Features: None
Subdivision: Metes & Bounds

HOA

Services included: None

Location

Region: Traverse City

Financial & listing details

Price per square foot: $412/sqft
Tax assessed value: $308,877
Annual tax amount: $7,589
Price range: $1.3M - $1.3M
Date on market: 9/3/2025
Cumulative days on market: 611 days
Listing agreement: Exclusive Right Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$4,411/mo

Price history

Date	Event	Price
9/8/2026	Pending sale	$1,250,000$412/sqft
Source: NGLRMLS #1938231 Report a problem
6/5/2026	Price change	$1,250,000-26.3%$412/sqft
Source: NGLRMLS #1938231 Report a problem
9/22/2025	Price change	$1,695,000-5.6%$558/sqft
Source: NGLRMLS #1938231 Report a problem
8/19/2025	Price change	$1,795,000-7.9%$591/sqft
Source: NGLRMLS #1929051 Report a problem
11/18/2024	Pending sale	$1,950,000$643/sqft
Source: RE/MAX of Michigan #1929051 Report a problem
11/14/2024	Listed for sale	$1,950,000+143.3%$643/sqft
Source: NGLRMLS #1929051 Report a problem
12/27/2005	Sold	$801,500$264/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,714 +5.7%	$973,600 -0.6%
2024	$7,298 +5%	$979,000 +20.4%
2023	$6,950 +7.1%	$813,000 +1.1%
2022	$6,487 +1%	$803,800 +8.5%
2021	$6,422 -0.5%	$740,900 +0.3%
2020	$6,456	$739,000 +4.6%
2019	$6,456 +1.9%	$706,500 +7.9%
2018	$6,334	$655,000 +0.4%
2017	--	$652,400 +19%
2014	--	$548,300 +16.3%
2012	--	$471,600 +9.5%
2011	--	$430,800 +22.9%
2010	--	$350,600 +5.1%
2008	--	$333,500