Exploring Downtown Traverse City Real Estate: What You Can Buy and What It Costs
Downtown Traverse City is known for its vibrant atmosphere, stunning bay views, and charming historic homes. Whether you’re looking for a sprawling Victorian, a historic Colonial with unique features, or a modern condo with luxury amenities, there’s something for everyone—if you’re willing to pay the price. Let’s take a look at three distinctive properties currently on the market and what they offer.
895 Washington St, Traverse City, MI 49686
Price: $895,000
Listed by: Jessie Deiss with Team Dakoske at RE/MAX Bayshore
If historic charm with a unique twist is more your style, this 1920s Colonial might be just the place. Spanning 3,802 square feet, this three-bedroom, three-bath home was once home to the Oak Park Branch of the Traverse City Library, preserving a piece of local history. It still features original hardwood floors and built-in bookcases from its library days.
What sets this home apart is its custom-built indoor heated pool with a swim-in-place feature—perfect for year-round enjoyment. The lower level opens via French sliders to a privately fenced backyard, offering seclusion in the heart of downtown. While it has fewer bedrooms than the Webster Street home, its rich history and unique indoor pool make it a compelling option for buyers at just under $900K.
What sets this home apart is its custom-built indoor heated pool with a swim-in-place feature—perfect for year-round enjoyment. The lower level opens via French sliders to a privately fenced backyard, offering seclusion in the heart of downtown. While it has fewer bedrooms than the Webster Street home, its rich history and unique indoor pool make it a compelling option for buyers at just under $900K. Click Here to learn more about this property
704 Webster St, Traverse City, MI 49686
Price: $1,499,000
Listed by: Audra Jackson with EXIT Northern Shores Realty – ER
For those who dream of a stately Victorian home with modern upgrades, this 4,416-square-foot masterpiece is a rare find. The two-story residence boasts four bedrooms, four baths, and a three-car garage, plus a lower-level mother-in-law suite with a separate entrance—ideal for guests or rental income.
The home’s custom gourmet kitchen is a chef’s paradise, featuring high-end appliances and stylish finishes. Step outside, and you’ll find a .42-acre double lot transformed into an outdoor oasis. From fruit trees and raised gardens to a chicken coop, kids’ playhouse, raised deck, and a custom-built entertainment pavilion with a bar and stone pizza oven, this property is perfect for those who love to entertain. With a price tag of nearly $1.5 million, you’re paying for both historical charm and high-end lifestyle amenities. Click Here to learn more about this property.
Peninsula Place Condominiums – A Modern Option
Price Range: $550,000 – $3.5 million+
Listed by: Ken Kleinrichert with Christie’s International Real Estate – Traverse City
If you prefer the convenience of condo living, Peninsula Place offers a modern alternative to historic homes. This 42-unit, five-story condo development is still under construction, giving buyers the opportunity to choose from multiple floor plans and customize their finishes.
Units range from 792 square feet (1 bed/1 bath) to 2,895 square feet (4 bed/4 bath), with first-floor parking available for purchase. One of the standout amenities is the rooftop garden, providing a peaceful retreat with views of the city and Grand Traverse Bay. Additionally, some floors allow for short-term rentals, making these condos attractive investment properties. With only eight units left for sale, now is the time to get in before prices rise even further. Click Here to view more about one of the 14 left available to purchase.
Which Downtown Traverse City Home is Right for You?
- If you’re drawn to unique features and a piece of Traverse City history, 895 Washington St’s original library details and indoor pool may be the perfect fit.
- If you love historic elegance with modern outdoor amenities, 704 Webster St offers a one-of-a-kind experience.
- If you want low-maintenance, high-end condo living with customization options, Peninsula Place provides a luxurious, flexible lifestyle.
Downtown Traverse City real estate is in high demand, and these properties showcase the variety and character of homes available. Whether you’re seeking a historic Colonial, a Victorian estate, or a Contemporary condo, there’s no shortage of remarkable options—if your budget allows.
Which ever option you choose, Team Dakoske can help! Click Here and choose any one of our agents to see any of these extrodinary properties. Let us help you hunt for the perfect property for you.