Just 8 minutes from downtown Traverse City, this exceptional 40-acre property offers endless potential. With 8 homes totaling over 16,000 square feet and 4 large barns, it’s ideal for a variety of ventures—think destination wedding venue, retreat center, boutique resort, private school, or family compound. Capacity to hold over 80 guests! The blend of open fields, wooded privacy, and close proximity to town creates a one-of-a-kind setting for residential, commercial, or creative redevelopment opportunities.
For sale
$3,500,000
55 Hope Rdg, Traverse City, MI 49696
15beds
11baths
15,383sqft
Est.:
Multi Family
Built in 1989
-- sqft lot
$3,319,000 Zestimate®
$228/sqft
$-- HOA
What's special
- 13 days |
- 1,166 |
- 85 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Dakoske 231-941-4500,
REMAX Bayshore - Union St TC 231-941-4500,
Nav Dhami,
REMAX Bayshore - Union St TC
Source: NGLRMLS,MLS#: 1944464
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 11
Rooms
- Room types: Workshop
Heating
- Forced Air, Natural Gas, Fireplace(s)
Cooling
- Multi Units
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Other
Features
- Cathedral Ceiling(s), Walk-In Closet(s), Kitchen Island, Pantry, Entrance Foyer, Solid Surface Counters, Other, Cable TV, High Speed Internet, WiFi
- Flooring: Hardwood
- Basement: Full,Walk-Out Access,Crawl Space
- Has fireplace: Yes
Interior area
- Total structure area: 15,383
- Total interior livable area: 15,383 sqft
Property
Parking
- Parking features: Two Car, Attached, Garage Door Opener, Concrete
Accessibility
- Accessibility features: Handicap Access, Accessible Doors, Handicap Access/Equipment
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Patio, Porch, Screened, Covered
- Has view: Yes
- View description: Countryside View
- Waterfront features: Pond
Lot
- Size: 40.39 Acres
Details
- Additional structures: Pole Building(s), Barn(s), Stable(s)
- Parcel number: 0200200420
- Zoning description: Residential,Outbuildings Allowed
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Ranch
- Property subtype: Multi Family
Materials
- Other, Frame, Vinyl Siding, Stone, Brick, Shingle Siding
- Foundation: Slab
- Roof: Asphalt,Other
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Shared Septic
- Water: Shared Well
Community & HOA
Community
- Features: None
- Subdivision: Abba's House
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $228/sqft
- Tax assessed value: $2,187,745
- Price range: $3.5M - $3.5M
- Date on market: 4/30/2026
- Cumulative days on market: 14 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Lease term: Not For Lease
Estimated market value
$3,319,000
$3.12M - $3.48M
$2,899/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Listed for sale | $3,500,000+426.3%$228/sqft |
Source:  NGLRMLS #1944464 Report a problem | ||
| 12/20/2000 | Sold | $665,000$43/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | -- |
| 2024 | -- | -- |
| 2023 | -- | -- |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | $1,093,873 +8.5% |
| 2018 | -- | $1,008,638 +3.6% |
| 2017 | -- | $973,409 |
| 2014 | -- | -- |
| 2012 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2000 | -- | $270,319 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 49696
Nearby schools
GreatSchools rating
- 7/10Cherry Knoll Elementary SchoolGrades: PK-5Distance: 3.3 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 3.3 mi
- 7/10Central High SchoolGrades: 8-12Distance: 5.8 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
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