1941 N Us Highway 31 N #24, Traverse City, MI, 49686
About This Home
Welcome to Peninsula Bay’s premier 2nd floor retreat, perched above Miracle Mile’s sandy shoreline with panoramic East Bay views. This residence blends a luxury lifestyle with the ease of a true turnkey escape. From the moment you step into this fully furnished condo, you’ll notice the thoughtful renovation throughout—every detail in the kitchen and bathrooms has been reimagined with high-end finishes, granite, and custom design touches. The kitchen is a chef’s dream with premium appliances, a gas range, double-drawer dishwasher, and generous pantry space. An open layout connects seamlessly to the living area, where a gas fireplace and expansive water views set the tone for effortless entertaining. The water-facing primary suite is a private sanctuary with a walk-in closet and spa-like shower, while the guest bedroom also features a walk-in closet and elegant finishes. In-unit laundry, and a spacious covered balcony add to the everyday comfort. Peninsula Bay itself elevates the experience: 330 feet of sandy frontage, a heated pool and hot tub, grill and gathering areas, chaise lounges on a groomed beach, a secure lobby, elevator, and even heated sidewalks for year-round ease. Whether you’re savoring a sunset from your balcony or exploring the walkable Miracle Mile, this home captures the very best of Bayfront living. Short-term rentals are allowed, offering excellent investment flexibility.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Foundation: Slab,Other
- Roof: Other
- Construction materials: Other,Frame,Timber Frame,Stone,Wood Siding
Notable Dates
- Major remodel year: 2023
Type & Style
- Home type: Condo
- Architectural style: Other
- Property subType: Condominium,Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Washer,Dryer,Other,Freezer,Exhaust Fan
- Laundry features: Main Level
Bedroom2
- Area: 130
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Features
- Entrance Foyer,Walk-In Closet(s),Pantry,Other,Kitchen Island,Cable TV,WiFi
- Window features: Skylight(s),Bay Window(s),Blinds,Drapes,Curtain Rods
- Flooring: Tile
- Fireplace features: Gas
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,117
Heating & Cooling
- Heating features: Forced Air,Natural Gas,Fireplace(s)
- Cooling features: Central Air
Interior Area
- Total structure area: 1,117
- Total interior livable area: 1,117 sqft
Kitchen
- Area: 130
Master Bathroom
- Features: Private
Master Bedroom
- Area: 156
Property
Accessibility
- Accessibility features: Other
Details
- Parcel number: 0355302400
- Attached to another structure: Yes
- Zoning description: Residential,Other
Features
- Levels: 2+ Story
- Stories: 2
- Entry location: Stairway (Indoor),Elevator,Second Floor Level
- Patio & porch: Covered
- Has view: Yes
- View description: Bay,Water,Bay View
- Has water view: Yes
- Water view: Water,Bay
- On waterfront: Yes
- Waterfront features: All Sports,Other,Sandy Bottom,Private Lake,Lake,Sandy Shoreline
- Waterbody name: East Bay
- Frontage type: Waterfront
- Frontage length: 330
Lot
- Features: Other
Parking
- Parking features: None,Asphalt
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Lightning
- Strong Wind
- Hail
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Grand Traverse County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,051 | $60,612 |
| Home Insurance * | $377 | $4,524 |
| Property Taxes | $699 | $8,388 |
| Electricity | $188 | $2,259 |
| Total | $6,315 | $75,780 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $999,000 |
| 2026-04-29 | Pending sale | $999,000 |
| 2026-04-23 | Price change | $999,000 |
| 2026-04-07 | Price change | $1,025,000 |
| 2025-10-23 | Price change | $1,090,000 |
| 2025-09-23 | Listed for sale | $1,300,000 |
| 2007-06-25 | Sold | $489,500 |
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