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E Carter Rd - Morgan Farms, Phase II

42 Acres of Residential Land Offered at £1,961,025 in Traverse City, MI 49684

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Investment Highlights

Situated in a highly desirable area with easy access to major highways and local amenities.

Offers a generous amount of space, perfect for accommodating various business or residential needs.

Executive Summary

Discover a fantastic turn-key development opportunity on the rolling slopes of Morgan Farms with this 42-acre parcel on E Carter Rd, Traverse City, MI 49684. This unique property offers fabulous views of the city skyline and West Grand Traverse Bay, making it one of the last available tracts of land of this scale in the area. With access to both M-72 and E Carter Rd, the location is ideal for a Phase II Hilltop residential development, preapproved for 66 single-family home lots. The land features mostly high and dry terrain, populated by mature maples and red pines. Enjoy the rural setting while being within a five-minute drive of downtown Traverse City, offering terrific shopping, dining, entertainment, schools, and year-round festivals. Available utilities include municipal water/sewer, electric, natural gas, and cable.

survey A

parcel map 3

site plan

Code of Ordinances-Planned Developments

Property Facts

Price	£1,961,025	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	42.00 AC

Price	£1,961,025
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	42.00 AC

1 Lot Available

Lot

Price	£1,961,025	Lot Size	42.00 AC
Price Per AC	£46,691

Price	£1,961,025
Price Per AC	£46,691
Lot Size	42.00 AC

Description

Fantastic turn-key development opportunity on the rolling slopes of Morgan Farms! 42 acres available with access to both M-72 and E Carter Rd. 66 single family home lots have been preapproved in a Phase II Hilltop residential development. This truly unique property boasts fabulous views of both the city skyline and West Grand Traverse Bay in one of the last available tracts of land of this scale in the area. This location has mostly high and dry land populated by mature maples and red pines. New road construction and tree clearing already underway, all engineering complete, and remaining permits applied for. Enjoy the rural setting while being within biking/walking or five-minute drive of downtown Traverse City with terrific shopping/dining/entertainment, schools, hospital, and year-round festivals. Available utilities include municipal water/sewer, electric, natural gas, and cable.

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