Traverse City MI MLS Search

View All Latest Traverse City 5000+ Sq. Ft. Properties for Sale

$1,739,900
5 Beds 5 Baths 1948022 MLS Grayhawk BLDG.
Two miles from downtown Traverse City, this 5,883 square foot residence commands sweeping views across West Grand Traverse Bay and downtown Traverse City's skyline, a vantage point almost impossible to find elsewhere in this market. That view sets the tone before you even step through the door. Multi-level decking wraps the outdoor living space, anchored by an in-ground heated pool set in stamped concrete, an entertaining space built around those same water views. The same intention continues inside. A newly updated kitchen anchors the main level, built around a wrap-around island and finished with new flooring that carries throughout and bathrooms remodeled top to bottom. The sitting room commands its own attention: a 25-foot cathedral ceiling framed by floor-to-ceiling windows, a fieldstone fireplace rising the full height of the wall, and the same water views that define the home outside, carrying straight through the room. The primary suite feels like a retreat set apart from the rest of the home, oversized and private, with a balcony that frames the best water views on the property. A large walk-through closet, fitted with built-in shelving and storage, leads into a spa-like en-suite: tiled shower with glass surround, heated floors, dual vanities, and a private water closet. Six bedrooms fill out the home in total, each oversized, with one currently serving as an office that converts easily back to a bedroom. The walkout lower level shifts the mood entirely. A dedicated space houses an in-home movie theater, a wet bar, a spacious game room, and an in-home sauna, opening directly onto the pool deck below, built for the kind of gathering that lasts all night. The three-stall attached garage covers what a home like this still needs to be practical. The address does more than sit two miles from downtown: Garfield Township offers the same convenience without the property tax burden that comes with city limits. This is what people picture when they say showstopper.

5062 Grayhawk Boulevard, Traverse City

$2,950,000
1947396 MLS N/A BLDG.
Secure one of downtown Traverse City's truly irreplaceable commercial assets. This iconic approximately 20,000-square-foot building occupies a premier location between Front Street and State Street. Spanning four full stories with three mezzanine levels, it offers an architectural character rarely found in today's market. Whether your vision includes flagship retail, luxury residences, boutique hospitality, mixed-use redevelopment, or a long-term investment, the property offers exceptional flexibility to create a landmark asset in one of Northern Michigan's most desirable downtown districts. Wilson's Antiques currently occupies the building, providing immediate in-place income while preserving the flexibility to execute your long-term business plan on your own timeline. Positioned just steps from planned parking improvements and surrounded by continued investment throughout downtown Traverse City, the property is exceptionally well positioned to benefit from the city's continued growth and evolution. Fully sprinklered and served by an elevator, the building also features hardwood floors and an original tin ceiling, offering a distinctive foundation for restoration, adaptive reuse, or redevelopment. Landmark buildings cannot be replicated. With its irreplaceable location, substantial scale, historic character, and exceptional redevelopment potential, 123 S. Union Street represents a rare opportunity to establish a lasting presence in one of Michigan's premier downtown markets.

123 S Union Street, Traverse City

$3,995,000
13 Beds 14 Baths 1946087 MLS Traverse City - Oak Park BLDG.
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.

230 Wellington, Traverse City

$1,399,000
7 Beds 7 Baths 1946001 MLS
Custom-built by Asher Park Custom Homes and ideally situated on 2.19 private acres adjacent to public land, this exceptional estate offers the perfect blend of luxury, flexibility, and location. Featuring a 3,700-square-foot main residence and a 1,700-square-foot detached ADU, the property includes 7 bedrooms and 6 full and 2 half baths designed for comfortable everyday living and effortless entertaining. Built in 2023, the main home showcases an open-concept floor plan with a spacious eat-in kitchen, inviting gathering room, and seamless access to a covered porch and expansive wraparound decking. The chef's kitchen is appointed with quartz countertops, abundant cabinetry, and generous workspace for entertaining and family gatherings. The main-floor primary suite provides a private retreat complete with a luxurious ensuite bath. Upstairs, three additional bedrooms each feature their own ensuite bath, complemented by a cozy sitting room with fireplace. The finished lower level includes a private mother-in-law suite with a full bath, offering ideal accommodations for guests or extended family. Exterior highlights include LP SmartSide siding, a dimensional-shingle roof, a fenced dog-friendly yard, and an attached two-car garage. The recently completed and fully permitted 1,700-square-foot detached ADU adds incredible versatility and income potential. The lower level features a heated two-car garage and dedicated office space with a powder room. Upstairs, enjoy an open-concept living area, modern kitchen, two bright bedrooms, and a shared Jack-and-Jill bath. Perfect as a rental property, guest quarters, or private accommodations for family and friends. Conveniently located between Traverse City and Flintfields Horse Park—just 7 miles from world-class equestrian events—this rare property offers privacy, recreation, and exceptional flexibility in one remarkable package.

2810 Holiday Village Court, Traverse City

$5,000,000
30 Beds 30 Baths 1945832 MLS Hamilton Place BLDG.
LOCATION! TURNKEY! Hamilton Place is a collection of 15 newly constructed townhomes completed in 2025. This is a truly turnkey hospitality-focused development in the heart of Traverse City! The property offers on-site parking and an exceptional shared outdoor experience featuring an outdoor kitchen grilling area, two easy-start fire pits with lounging spaces, and a pergola-covered dining area designed for gathering and entertaining. Ideally located near the base of Old Mission Peninsula, Hamilton Place is just a short walk to Bryant Park and the Civic Center, and only minutes from downtown Traverse City and the Cherry Capital Airport. Inside, each townhome is thoughtfully designed with a fully equipped kitchen, in-unit washer and dryer, two bedrooms, and two full bathrooms. The property comes complete with high-end commercial-grade furnishings and all essential housewares, including cookware, dishware, and more. Additional highlights include LP SmartSide siding, Marvin casement windows with blinds, glass-enclosed tiled showers, heated bathroom floors, individual climate control units in each bedroom and the main living area, smart TVs throughout, and a designated parking space for each townhome, plus ample overflow parking along Hamilton Street. An established professional rental management program is already in place, offering immediate income potential and a seamless ownership experience. The development includes one 5-unit building, one 4-unit building, and two 3-unit buildings, each with its own distinct design aesthetic and finish selections. Notably, many guest reservations are for entire buildings rather than individual townhomes, creating exceptional flexibility for group travel, retreats, weddings, corporate stays, and larger gatherings. The quality, craftsmanship, and hospitality-driven vision behind Hamilton Place truly set it apart. Rare opportunity to acquire a distinctive luxury property in Traverse City!

305 Hamilton Street, Traverse City

$3,900,000
6 Beds 6 Baths 1945813 MLS N/A BLDG.
Few homes stop you in your tracks the way this one does. Built in the 1890s by Founding Father Henry Hull of the Oval Wood Dish Company, "The Hull House" is a three-story Queen Anne Victorian mansion that showcases the very best of late 19th-century artisan craftsmanship - and it delivers on every level. Set on a generous double lot in an unbeatable location, a meticulous, top-to-bottom restoration has brought every detail into the modern era while leaving the soul of this 19th-century masterpiece entirely untouched. Step through the impressive double front doors and the detail is immediate: a grand staircase, intricate wood relief carvings, original trim, and select original built-in cabinetry in the dining room and flanking the main-level fireplace - all flawlessly preserved. All three main-level fireplaces are works of art in their own right. The showstopping custom kitchen centers on a dramatic oversized island finished with Calacatta marble counters and backsplash, equipped with a La Cornue range and Sub-Zero Designer Series column refrigerator and freezer. A walk-in pantry, parlor, family room, and formal dining room complete the entertaining level. Five bedrooms and three baths spread across the second floor, anchored by a breathtaking coffered wooden ceiling that carries throughout with remarkable continuity. The fully finished third floor adds a bedroom, bathroom, family room, and a fire pole. Outside, gardens professionally designed by award-winning landscape architect Jack Barnwell frame the home with the stateliness it deserves, complemented by a heated three-stall carriage house complete with a bathroom and second-floor studio. This is a rare opportunity to become the next steward of one of Old Traverse City's most iconic homes.

229 Wellington Street, Traverse City

$2,999,999
2 Baths 1945325 MLS N/A BLDG.
Harbor View Nursery & Lavender Farm represents one of the most distinctive commercial agricultural opportunities in the Midwest! A fully operational, multi-revenue agritourism destination with 25 years of brand equity, an established customer base, and irreplaceable positioning on one of Northern Michigan's most sought-after land corridors. The Asset Situated on 46.52 acres along Center Road on the Old Mission Peninsula, Harbor View occupies a location that is as strategically valuable as it is visually stunning. The Peninsula shares the 45th parallel with Provence, France, the world capital of lavender, offering ideal growing conditions that cannot be manufactured or moved. Eight distinct lavender varieties span the property's rolling fields, forming the agricultural backbone of an operation that has compounded in brand value over two decades. Revenue Streams The business generates diversified income across multiple channels, reducing single-source dependency and providing a new owner with immediate cash flow from day one. The on-site farm store retails 50+ proprietary lavender-based products, including essential oils, culinary blends, and handcrafted goods, to a loyal and growing customer base. A productive cherry orchard contributes seasonal agricultural income, and an established mulch operation adds another revenue layer independent of lavender's harvest cycle. The Residence A 4-bedroom farmhouse with original wood floors anchors the property, offering an owner-operator the rare ability to live where they work or to evaluate the structure's potential for expanded hospitality use, subject to applicable township approvals. The Intangible Value 25 years of operating history have produced something no capital expenditure can buy outright: a recognized brand, a repeat visitor base, and destination status within Northern Michigan's agritourism economy. Comparable operations of this scale, tenure, and location simply do not exist.

17770 Center Road, Traverse City

$3,000,000
5 Beds 4 Baths 1944602 MLS Metes & Bounds BLDG.
Set high atop Jefferson Hill with commanding, panoramic views of Grand Traverse Bay, Hillcrest is among the most iconic and storied residences in Northern Michigan. Prominently positioned in Traverse City’s historic Slabtown neighborhood, this extraordinary estate has long been admired for its striking presence and enduring place in the community’s landscape. Originally constructed in 1880 for prominent attorney Edwin S. Pratt, the home is a remarkable example of 19th-century craftsmanship, thoughtfully preserved and updated for modern living. Encompassing approximately 5,700 square feet, the residence offers 6 bedrooms, 4 baths, including an apartment with its own private entrance - perfect for guests, extended family, or income potential. Inside, the home reveals an elegant balance of historic character and livability. Expansive, sun-drenched rooms are complemented by soaring ceilings, rich woodwork, and original architectural details that reflect a bygone era of quality and design. Generous living and entertaining spaces provide both warmth and grandeur, while large windows frame stunning views of the bay and surrounding landscape. Set on more than 10 acres along Jefferson Avenue, the grounds are as captivating as the residence itself. The elevated setting offers unmatched privacy and a peaceful sense of retreat, just minutes from downtown Traverse City. A private pond, Kid’s Creek, and mature trees create a serene, park-like environment. Additional features include a three-car garage and a substantial pole barn. The expansive acreage offers both privacy and flexibility, with the option to maintain the full estate or consider future division. Hillcrest is more than a home - it is a legacy property. Rarely does an opportunity arise to own a property of such significance, scale, and setting. This is a once-in-a-generation offering.

3515 Jefferson Avenue, Traverse City

$3,875,000
6 Baths 1943923 MLS Front Row Centre BLDG.
Positioned in the center of downtown Traverse City, 121 E Front Street, known as the Front Row Centre building, offers a rare opportunity to acquire one of the most prominent and sizable buildings along the city’s main corridor. Spanning five levels with an expansive footprint, this landmark property sits directly on bustling Front Street with views extending to the Boardman River and West Grand Traverse Bay. The building’s scale, visibility, and location create a true “anything is possible” opportunity for investors, developers, or owner-users looking to make a statement in one of Northern Michigan’s most in-demand markets. Originally built as a movie theater, the property has evolved into a mixed-use retail and office environment featuring a dramatic multi-story atrium, abundant natural light, and flexible floor plans throughout. Today, the building is home to a mix of retail and office tenants, along with a fully equipped lower-level event space, offering a functional layout with flexibility for future repositioning or redevelopment. With its large footprint, multiple levels, and prime downtown presence, Front Row Centre is ideally suited for a wide range of future uses, whether reimagined as a boutique hospitality concept, residential conversion, office hub, or a dynamic mixed-use destination. Opportunities of this scale and location in downtown Traverse City are exceptionally rare. This is a chance to redefine a cornerstone property in the heart of it all!

121 E Front Street, Traverse City

$699,900
6 Beds 4 Baths 1943577 MLS Heritage Estates No.2 BLDG.
This is not a typical “big house.” It’s a property designed for people who regularly host, gather, or need space that actually works under pressure. With over 5,500 square feet across three levels, the scale isn’t just about size. It’s about how the home actually functions day to day. Large groups can gather without crowding, while multiple living areas allow people to spread out without disconnecting. Conveniently located near schools, shopping, and Downtown Traverse City, this home sits within the sought-after Heritage Estates. The kitchen is positioned at the center of that design. Not just oversized, but built for real use. Between the island, breakfast bars, dining area, and nook, hosting 15–20 people feels natural, not forced. The layout supports flexibility: Six bedrooms plus a den, study, or a bonus bedroom Multiple gathering spaces across three levels Main-level and lower-level living areas, both with gas fireplaces Walkout lower level that functions as a separate hangout zone Additional rooms that can flex for office, fitness, or guest overflow Upstairs, the primary suite is set apart for privacy and includes a walk-in wardrobe. Additional bedrooms are positioned for family or long-term guests, while the lower level adds two more conforming bedrooms, supporting extended stays or multi-generational use. Outside is where the property continues to separate itself. The terraced backyard creates defined outdoor spaces overlooking undeveloped land, adding privacy without isolation. The recently added private pool changes how the home is used in the warmer months, turning the outdoor space into a true extension of the living areas. Between the pool, putting green, and expansive deck, the property is built for full-day use, not just occasional entertaining. Additional features include maple flooring, cherry cabinetry, Corian counters, central air, and a functional mudroom/laundry setup off the garage.

5223 Liberty Drive, Traverse City

Start Your Search

5000+ Sq. Ft. Traverse City Real Estate

Our website features the best real estate search for 5000+ sq. ft. properties available in Traverse City and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!