About This Home

This 2-bedroom, 2-bathroom townhouse at 240 Peninsula Hills Drive in Traverse City, MI is listed for $529,900 ($289 per sqft). Built in 1971, the home offers 1,836 sqft of living space on a N/A lot.

Key Features

  • Built in 1971
  • 2 stories
  • Fireplace
  • Waterfront

Property Details

2 stories
1 full, 1 half
1971

Amenities

FireplaceWaterfront
Listing Description

Peninsula Hills Townhomes on Old Mission | West Bay Waterfront Rarely available and deeply coveted, this 2-bedroom, 1.5-bath townhome on Old Mission Peninsula delivers something most buyers only dream about: panoramic sunset views over West Bay, 260 feet of shared sandy beach just steps from your door, and the quiet rhythm of vineyard country all around you.

Unwind on the lower covered porch or take in the evening light from the sunny balcony, both overlooking a lush lawn that rolls toward the water. Moor your boat, launch your kayak, or simply sink your toes into the sand - the beach is shared among just 26 neighbors, keeping it peaceful and uncrowded.

A garage and covered carport provide ample parking and storage, and the finished basement offers room to grow. The $300/month HOA covers water, sewer, trash, snow removal, lawn care, beach maintenance, and exterior building care, a genuinely low-maintenance lifestyle in one of Northern Michigan's most sought-after corridors.

Pets are welcome with board approval, and a shared community garden adds a charming touch for those who love to grow things. Beyond your front door, Old Mission Peninsula stretches 18 scenic miles into the heart of Grand Traverse Bay, flanked by both bays, dotted with 10 wineries, cherry and apple orchards, lavender fields, and farm stands overflowing with fresh produce. It's the kind of place people visit once and spend years trying to get back to. This is that rare opportunity. Don't let it pass.

Monthly Cost Estimate

$3,134/mo

20% down · 6.5% · 30 years

Principal$383
Interest$2,296
Insurance$155
HOA$300

Estimates only. Actual payments may vary.

Location

240 Peninsula Hills Drive

Traverse City, MI 49686

Features & Amenities

Interior Features

Foyer EntranceWalk-In Closet(s)PantryGranite Kitchen TopsDrywall

Exterior Features

Bay ViewSprinkler SystemBalconyDeckLandscapedGarden Area

Property Details

Construction

Frame

Pool Features

Deck

Appliances

RefrigeratorOven/RangeDisposalDishwasherMicrowaveWater Softener OwnedWasherDryerWater Filtration SystemBlindsDrapesNatural Gas Water HeaterSmoke Alarms(s)

Questions & Answers

This 2-bedroom, 2-bathroom townhouse at 240 Peninsula Hills Drive is listed at $529,900 ($289/sqft). The estimated monthly payment is $3,134 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $300/month.

Key features include: Built in 1971, 2 stories, Fireplace, Waterfront. Interior Features: Foyer Entrance, Walk-In Closet(s), Pantry. Exterior Features: Bay View, Sprinkler System, Balcony.

This property is listed by Erica Foerster and can be reached at 2102868954.

EF

Erica Foerster

Agent at REO-TCFront-233021

(210) 286-8954

Listed by REO-TCFront-233021 · View on Broker Site

MLS# 1947046· Source: listhub· 9 days on market

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

240 Peninsula Hills Drive, Traverse City, MI 49686

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