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Land with Home for Sale in Traverse City, Michigan

1942 Hoosier Valley Rd, Traverse City, MI 49685

$899,000
5.19 acres
Active sale
ago
Est $5,158/mo

Set along a quieter stretch of Hoosier Valley Road, this property currently operates as a professionally managed short-term rental, but it functions differently than most Traverse City listings. About 10 minutes outside downtown Traverse City. Close enough for restaurants, events, and waterfront access, but far enough from traffic, density, or neighboring rentals stacked on top of each other. The Kingsley Club, stretches of the Boardman River, and trailheads like Lone Pine, Oleson Bridge, and Keystone Rapids offer up north recreational opportunities just minutes away. Built in 2023 on just over five wooded acres, the layout of this home is built for family, friends, and guests to gather. Five to six bedrooms, multiple gathering areas, and outdoor space that actually gets used. From the road, the house is visible. Once you’re on the property, the living areas face into the woods, and that’s where the experience shifts. The STR structure is already established. Fully permitted, professionally managed, and consistently booked. This isn’t “investment potential.” It’s already performing, with a track record that supports it. One detail that matters more out here than most buyers expect is internet reliability. Starlink is installed and performs well, which removes a common issue for properties in this type of setting. In this part of the market, newer construction on acreage tends to draw a different buyer. Someone who wants a property that’s already set up for group use without inheriting the maintenance curve of an older home. That’s a different profile than in-town rentals, where turnover is higher and management tends to be more hands-on. Historical performance and current booking trends are available for review. Under current management, the property has generated approximately $65,000 in annual gross revenue, with projections for the current year tracking higher. Future performance will vary based on management, owner use, and market conditions.

2,438
Sq feet
5
Beds
3
Full baths
2023
Built

Location

Street address
1942 Hoosier Valley Rd
School district
Traverse City Area Public Schools
Elevation
893 feet
Coordinates
44.659, -85.6371

Directions

from Traverse City: Take Cass St and N Keystone Rd to Hoosier Valley Rd in Blair Township (7.1 mi) Drive to Hoosier Valley Rd

Property details

Acreage
5.19 acres
Zoning
Residential
MLS #
TAAR 1943339
Posted

Resources

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking Spaces
1
Features
Out Building, Vinyl

Structure

Stories
2
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Windows
Skylight(s)

Interior

Rooms
Bathroom x 3, Bedroom x 5, Kitchen, Living Room
Appliances
Dryer, Microwave, Range, Refrigerator
Features
Den/Study, Game Room, Island Kitchen, Pantry, Skylights, Walk-In Closet(s)

Listing history

DateEventPriceChangeSource
Apr 1, 2026New listing$899,000TAAR
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This 5.19-acre property is located at 1942 Hoosier Valley Rd in Traverse City, MI 49685. The property is available for sale for $899,000. It has a 2,438 sq ft 5 bedroom, 3 bath house built in 2023.

Checked 2 hours ago — Updated

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