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230 Wellington St, Traverse City, MI, 49686

13beds
14baths
11,807sqft
$3,995,000
$338price/sqft
$25,507/moest. monthly cost
$1,020,280/yrincome needed

About This Home

A rare opportunity to own one of Traverse City's most iconic historic homes... This magnificent Neo-Classical Revival estate offers the chance to own a true piece of local history. Originally built for the son of a prominent lumber baron, the property was painstakingly restored to its original grandeur through a multi-year restoration that preserved its remarkable craftsmanship, architectural details, and timeless elegance. The residence features 9 bedrooms, 15 bathrooms, and an impressive 15,918 square feet, including the unfinished basement and lower level of the carriage house. Throughout the home, period details blend seamlessly with modern comforts, creating a property that is both grand in scale and welcoming in character. In addition to the main residence, the carriage house includes two separate 2-bedroom apartments, each with a full kitchen and in-unit washer and dryer. The original stables below offer additional possibilities for storage, recreation, event space, or future expansion. Whether envisioned as a private family estate, multigenerational retreat, seasonal residence, or income-producing property, the flexibility of this offering is truly exceptional. The property has successfully operated as a well-known inn and bed and breakfast, allowing future owners the option to continue hospitality operations, generate income from the carriage house apartments, or simply enjoy the estate as a remarkable private residence. An extensive collection of period antiques and furnishings is also available, allowing the next owner to preserve and enjoy the property's unique historic character. Words and photographs cannot fully capture the craftsmanship, scale, and sense of place found throughout this extraordinary estate. Opportunities to acquire a property of this significance are exceptionally rare. Schedule ample time for your tour—you will want to experience every detail of one of Traverse City's most remarkable homes.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
88
BikeVery Bikeable

Schools

7/10
Eastern Elementary SchoolGrades PK-51.5 mi
7/10
Central High SchoolGrades 8-121.3 mi
7/10
East Middle SchoolGrades 6-84.6 mi

Construction

Condition

  • Year built: 1905

Materials

  • Foundation: Poured Concrete,Stone
  • Roof: Asphalt,Tile
  • Construction materials: 2x6 Framing,Frame,Wood Siding

Notable Dates

  • Major remodel year: 2001

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian,Carriage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Oven/Range,Disposal,Microwave,Washer,Dryer,Freezer,Oven,Exhaust Fan,Gas Water Heater
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Full,Daylight,Finished Rooms,Egress Windows,Bath/Stubbed,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 13
  • Bathrooms: 14
  • Full bathrooms: 8
  • 3/4 bathrooms: 4
  • 1/2 bathrooms: 3
  • Main level bathrooms: 2

Dining Room

  • Level: Main

Features

  • Bookcases,Entrance Foyer,Walk-In Closet(s),Pantry,Other,Solid Surface Counters,Den/Study,Drywall,Ceiling Fan(s),Cable TV,High Speed Internet,WiFi,In-Law Floorplan
  • Window features: Bay Window(s),Drapes,Curtain Rods
  • Flooring: Wood,Tile,Concrete
  • Fireplace features: Wood Burning,Electric
  • Fireplace: Yes
  • Finished area below ground: 1,050
  • Finished area above ground: 10,757

Heating & Cooling

  • Heating features: Forced Air,Hot Water,Natural Gas,Fireplace(s)
  • Cooling features: Central Air,Multi Units

Interior Area

  • Total structure area: 11,807
  • Total interior livable area: 11,807 sqft

Kitchen

  • Level: Main
  • Area: 600

Living Room

  • Level: Main
  • Area: 375

Master Bathroom

  • Features: Private

Master Bedroom

  • Area: 216

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 285179803400
  • Zoning description: Residential
  • Other equipment: Intercom/Radio,Dish TV,Intercom

Features

  • Levels: 2+ Story
  • Stories: 2
  • Patio & porch: Deck,Patio,Covered,Porch
  • Exterior features: Sprinkler System,Balcony,Sidewalk,Garden
  • Waterfront features: Other

Lot

  • Lot size: 0.50 Acres
  • Features: Corner Lot,Landscaped
  • Lot size dimensions: 165 x 132

Parking

  • Total spaces: 4
  • Parking features: Detached,Assigned,Alley Access,Paved,Other,Finished Rooms,Plumbing,Concrete Floors,Concrete
  • Has garage: Yes
  • Attached garage spaces: 4
  • Has uncovered spaces: Yes

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
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Winter Weather
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters in Grand Traverse County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $20,200$242,400
Home Insurance *$1,509$18,108
Property Taxes $2,511$30,132
Electricity $1,287$15,454
Total$25,507$306,084
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$874,525/yr
40% on housing$765,210/yr
45% on housing$680,186/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 2.8%
2.8%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$338This listing

vs Other Active Listings

Avg $/sqft

ZIP 49686$271
Grand Traverse County$305

vs Homes Sold Last Month

Median $/sqft

ZIP 49686$274
Grand Traverse County$238

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)

No zestimate history available

Price History

DateEventPrice
2026-06-03Listed for sale$3,995,000
2021-03-04Listing removed$3,100,000
2019-01-29Price change$3,100,000
2018-01-30Price change$3,150,000
2017-06-19Listed for sale$3,250,000
1999-09-15Sold$450,000

For Sale by Agent

AgentCarole Higgins
BrokerageCygnus Real Estate

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