This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare find—offering timeless charm, thoughtful updates, and a highly sought-after location. From the moment you step inside, natural light and warm, modern finishes set the tone for an inviting and comfortable home. The main floor was designed for connection and entertaining, featuring a fully renovated kitchen with custom cabinetry, quartz countertops, and an expansive island that flows seamlessly into the dining area. Enjoy open views of West Bay while sharing meals, then unwind by the fire in either of the home’s two living spaces—one offering a cozy, intimate feel and the other showcasing vaulted ceilings and a bright, airy atmosphere. A flexible office/studio nook adds to the versatility of the main level. The spacious primary suite, conveniently located on the main floor, offers a private retreat with a walk-in closet and en-suite bath. Upstairs, you’ll find three additional bedrooms and a full bath—perfect for family or guests. Outdoors, the property truly shines. The large, landscaped, manicured parcel is ideal for lawn games, entertaining, enjoying the pond, or simply soaking in the beauty of Peninsula living. A generous back deck provides the perfect space for grilling, dining under the stars, or gathering with friends after a great day on the Bay. Whether you’re seeking a year-round residence or a Northern Michigan retreat, this home checks every box for comfort, convenience, and lifestyle.
Sold for $975,000
Street View
$975,000
7320 Peninsula Dr, Traverse City, MI 49686
4beds
2,931sqft
Single Family Residence
Built in 1950
0.8 Acres Lot
$981,000 Zestimate®
$333/sqft
$4,044 Estimated rent
Home value
$981,000
$873,000 - $1.10M
$4,044/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: January 30, 2026 at 10:11am
Listed by:
Ryan Craig 231-409-4219,
@properties Christie's Int'l 231-642-2363
Bought with:
Chris Kelley, 6501452039
Coldwell Banker Schmidt-S.Bay
Source: NGLRMLS,MLS#: 1938929
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 210.72
- Dimensions: 16.11 x 13.08
Bedroom 2
- Level: Upper
- Area: 231
- Dimensions: 21 x 11
Bedroom 3
- Level: Upper
- Area: 176
- Dimensions: 11 x 16
Bedroom 4
- Level: Main
- Area: 126
- Dimensions: 14 x 9
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 145.2
- Dimensions: 12.1 x 12
Family room
- Level: Main
- Area: 461.63
- Dimensions: 20.01 x 23.07
Kitchen
- Level: Main
- Area: 192.72
- Dimensions: 16.06 x 12
Living room
- Level: Main
- Area: 322.42
- Dimensions: 23.03 x 14
Heating
- Forced Air, Natural Gas, Fireplace(s)
Cooling
- Ductless, Multi Units
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Exhaust Fan, Gas Water Heater, Instant Hot Water, Humidifier
- Laundry: Main Level
Features
- Bookcases, Entrance Foyer, Walk-In Closet(s), Breakfast Nook, Solid Surface Counters, Kitchen Island, Mud Room, Den/Study, Vaulted Ceiling(s), Drywall, Ceiling Fan(s), Cable TV, High Speed Internet
- Flooring: Wood, Carpet, Tile
- Windows: Bay Window(s), Blinds
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Gas, Wood Burning
Interior area
- Total structure area: 2,931
- Total interior livable area: 2,931 sqft
- Finished area above ground: 2,931
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener, Paved, Concrete Floors, Asphalt, Circular Driveway, Private
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Covered
- Exterior features: Sprinkler System, Sidewalk, Rain Gutters
- Has view: Yes
- View description: Bay, Seasonal View, Water, Bay View
- Has water view: Yes
- Water view: Water,Bay
Lot
- Size: 0.80 Acres
- Dimensions: 100 x 349
- Features: Cleared, Wooded, Level, Other, Landscaped, Metes and Bounds
Details
- Additional structures: None
- Parcel number: 281132505500
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding, Cement Siding, Brick
- Foundation: Poured Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1950
- Major remodel year: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: None
Location
- Region: Traverse City
- Subdivision: None
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right Sell
- Price range: $975K - $975K
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2026 | Sold | $975,000-2.5%$333/sqft |
Source:  NGLRMLS #1938929 Report a problem | ||
| 11/12/2025 | Price change | $1,000,000-9.1%$341/sqft |
Source: NGLRMLS #1938929 Report a problem | ||
| 10/19/2025 | Listed for sale | $1,100,000$375/sqft |
Source: NGLRMLS #1938929 Report a problem | ||
| 10/10/2025 | Pending sale | $1,100,000$375/sqft |
Source: NGLRMLS #1938929 Report a problem | ||
| 9/24/2025 | Listed for sale | $1,100,000+144.4%$375/sqft |
Source: NGLRMLS #1938929 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,178 +5.7% | $333,500 +26.8% |
| 2024 | $6,791 +5% | $263,100 +4.8% |
| 2023 | $6,467 +13.9% | $251,100 +7.3% |
Find assessor info on the county website
Neighborhood: 49686
Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 9/10Central High SchoolGrades: 8-12Distance: 1.8 mi
- 8/10East Middle SchoolGrades: 6-8Distance: 6 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.
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$981,000
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- Michigan
- Grand Traverse County
- Traverse City
- 49686
- 7320 Peninsula Dr