Exceptional Grand Traverse Bay waterfront on Old Mission Peninsula, where timeless craftsmanship, privacy, and breathtaking west-facing sunsets come together. Set on 150' of private waterfront along a quiet road shared by only a handful of homes, this special property offers a rare sense of peace and seclusion surrounded by mature trees and abundant wildlife. Originally completed in 1988, the home was meticulously hand-built with every nail driven by hand. Clear cedar siding adds enduring character, while a comprehensive 2020 renovation brought the home into the modern era with new Marvin windows, enhanced insulation, updated flooring, kitchen and baths, GE Monogram appliances, Dura Supreme cabinetry, quartz countertops, custom built-ins, and a gas fireplace. Designed to capture the setting, nearly every room enjoys beautiful water views. The expansive second-floor great room features a dramatic picture window overlooking the bay, creating an exceptional gathering space and showcasing spectacular sunsets throughout the year. A queen Murphy bed adds flexibility for guests. Recent improvements include new furnaces, A/C, water heater, heated garage, Trex decks, extensive landscaping and hardscape, automated irrigation and outdoor lighting, and a fully equipped outdoor kitchen with Blaze BBQ. A whole-house Generac generator was added in 2026. With sandy waterfront, multiple outdoor entertaining spaces, exceptional sunset views, and a history of hosting weddings, parties, and family gatherings, this is more than a home—it is a place to create lasting memories. Spend summer days swimming off the dock, paddleboarding and kayaking across the bay, or enjoying carefree afternoons playing on the beach. Gather with family and friends by the water, then end the day watching the sun set across Grand Traverse Bay. A truly distinctive Northern Michigan waterfront retreat. Home is offered mostly furnished including the dock.
Accepting backups
$2,775,000
14851 Shipman Rd, Traverse City, MI 49686
4beds
2,626sqft
Single Family Residence
Built in 1988
1.46 Acres Lot
$2,560,400 Zestimate®
$1,057/sqft
$21/mo HOA
What's special
Gas fireplaceHeated garageSandy waterfrontExtensive landscaping and hardscapeGrand traverse bay waterfrontTrex decksUpdated flooring
- 6 days
- 2,550
- 273
Zillow last checked:
Listing updated:
Listed by:
Patrick Leavy 231-838-6700,
Kidd & Leavy Real Est Co, LLC 231-439-2800
Source: NGLRMLS,MLS#: 1950514
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 272
- Dimensions: 16 x 17
Bedroom 2
- Level: Upper
- Area: 399
- Dimensions: 19 x 21
Bedroom 3
- Level: Upper
- Area: 196
- Dimensions: 14 x 14
Bedroom 4
- Level: Upper
- Area: 192
- Dimensions: 16 x 12
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Kitchen
- Level: Main
- Area: 256
- Dimensions: 16 x 16
Living room
- Level: Main
- Area: 399
- Dimensions: 19 x 21
Heating
- Forced Air, Radiant Floor, Natural Gas, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Freezer, Exhaust Fan
- Laundry: Main Level
Features
- Walk-In Closet(s), Solid Surface Counters, Kitchen Island, Drywall
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 2,626
- Total interior livable area: 2,626 sqft
- Finished area above ground: 2,626
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Private
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Dock
- Has view: Yes
- View description: Bay, Water
- Has water view: Yes
- Water view: Water,Bay
- Waterfront features: Sandy Bottom, Great Lake
- Body of water: Grand Traverse Bay
- Frontage type: Waterfront
- Frontage length: 150
Lot
- Size: 1.46 Acres
- Dimensions: 150 x 440
- Features: Cleared, Metes and Bounds
Details
- Additional structures: None
- Parcel number: 1156595100
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Other
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: n/a
HOA
- Services included: None
- HOA fee: $250 annually
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $1,057/sqft
- Tax assessed value: $345,753
- Annual tax amount: $13,338
- Price range: $2.8M - $2.8M
- Date on market: 9/14/2026
- Cumulative days on market: 7 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Estimated market value
$2,560,400
$2.43M - $2.69M
$3,885/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Listed for sale | $2,775,000$1,057/sqft |
Source:  Northern Michigan MLS #480802 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,338 +5.4% | $1,118,500 +26.9% |
| 2024 | $12,651 +5% | $881,100 +23.2% |
| 2023 | $12,049 +6% | $715,400 +28.8% |
| 2022 | $11,366 +1.2% | $555,500 +10.7% |
| 2021 | $11,234 +0.4% | $501,900 +15.5% |
| 2020 | $11,186 | $434,500 +34% |
| 2019 | $11,186 +2.1% | $324,300 +14.1% |
| 2018 | $10,955 | $284,100 -1.4% |
| 2017 | -- | $288,200 +3% |
| 2016 | -- | $279,800 +18.9% |
| 2014 | -- | $235,400 -16.1% |
| 2012 | -- | $280,700 +0.1% |
| 2011 | -- | $280,500 -18.5% |
| 2010 | -- | $344,100 -33.2% |
| 2009 | -- | $515,200 +0.2% |
| 2008 | -- | $514,100 +1.5% |
| 2007 | -- | $506,700 +29.4% |
| 2005 | -- | $391,500 +22% |
| 2004 | -- | $320,915 +3.7% |
| 2003 | -- | $309,465 +6.6% |
| 2002 | -- | $290,414 +4.1% |
| 2001 | -- | $279,099 +38.8% |
| 2000 | -- | $201,108 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49686
Nearby schools
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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