# 240 Peninsula Hills Drive, Traverse City, MI 49686

> **TL;DR:** 2bd/2ba townhouse, $529,900 ($289/sqft), built 1971, 1,836 sqft.
> Fireplace, Waterfront. Est. $3,134/mo. Listed 9 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $529,900 |
| Price/sqft | $289 |
| Bedrooms | 2 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,836 |
| Year Built | 1971 |
| Stories | 2 |
| Property Type | Townhouse (Townhouse) |
| Status | For Sale |
| Days on Market | 9 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,679 |
| Estimated Insurance | $155 |
| HOA | $300 |
| **Total** | **$3,134** |

## Key Amenities

- Fireplace
- Waterfront

## Property Highlights

- Built in 1971
- 2 stories
- Fireplace
- Waterfront

## Description

### Agent 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.

## Location

- **Address:** 240 Peninsula Hills Drive, Traverse City, MI 49686
- **County:** Grand Traverse
- **Coordinates:** 44.805221, -85.579451
- **Google Maps:** https://www.google.com/maps?q=44.805221,-85.579451

## Virtual Tour & Media

- **Video Tour:** https://leelanau-life-llc.aryeo.com/videos/019ef565-c827-72f7-8136-9e916e8cebdc

## Listing Agent

- **Name:** Erica Foerster
- **Brokerage:** REO-TCFront-233021
- **Phone:** 2102868954

## Primary Photo

![240 Peninsula Hills Drive - Primary Photo](http://lh.rdcpix.com/0e49492629232d575cfd41df990eac2dl-f1853712130r.jpg)

*76 total photos available on [listing page](https://www.propertysimple.ai/listing/240-peninsula-hills-drive-traverse-city-mi-49686-1947046)*

---

**MLS#:** 1947046 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/240-peninsula-hills-drive-traverse-city-mi-49686-1947046)

---

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