# 55 S Hope Ridge, Traverse City, MI 49696

> **TL;DR:** residential multi family, $3,500,000 ($228/sqft), 15,383 sqft. Est. $15,167/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,500,000 |
| Price/sqft | $228 |
| Square Feet | 15,383 |
| Lot Size | 1,759,388 sqft (40.39 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $15,167 |
| **Total** | **$15,167** |

## Property Highlights

- 40.39 acre lot
- 1.5 stories
- 2 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 55 S Hope Ridge, Traverse City, MI 49696
- **County:** Grand Traverse
- **Coordinates:** 44.684319, -85.608435
- **Google Maps:** https://www.google.com/maps?q=44.684319,-85.608435

## Listing Agent

- **Name:** Matthew Dakoske
- **Brokerage:** REMAX Bayshore - Union St TC
- **Phone:** 2319415600
- **Email:** matt@teamdakoske.com

## Primary Photo

![55 S Hope Ridge - Primary Photo](http://lh.rdcpix.com/6eb6fcf7cdf5c4914f04a7ef6dbdaa8bl-f486607751r.jpg)

*87 total photos available on [listing page](https://www.propertysimple.com/listing/55-s-hope-ridge-traverse-city-mi-49696-1944464)*

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**MLS#:** 1944464 | **Updated:** 2026-06-18
**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.com/listing/55-s-hope-ridge-traverse-city-mi-49696-1944464)

---

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