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Kyle O'Grady

kyle@ogradyteam.com +1(231) 499-9999

Listed by Net Real Estate

$809,000

Est. payment - /mo

5 Beds

3 Baths

2,438 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,438 sqft

Price per Sqft $331

MLS Listing ID 1943339

Bedrooms 5

Full Baths 2

Year Built 2023

Lot Size 5.190 Acres

Acres 5.19

Property Sub-Type Single Family Residence

Property Description

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 will generate nearly $100K in annual gross revenue. Future performance will vary based on management, owner use, and market conditions.

Location

State MI

Rooms

Basement Crawl Space

Kitchen Main

Interior

Interior Features Walk-In Closet(s), Pantry, Kitchen Island, Den/Study, Game Room, Drywall, WiFi

Heating Forced Air, Propane

Flooring Vinyl, Carpet

Fireplaces Type None

Fireplace false

Appliance Refrigerator, Oven/Range, Microwave, Washer, Dryer, Propane Water Heater, Instant Hot Water

Exterior

Community Features None

Waterfront Description Private

Roof Type Asphalt

Garage false

Building

Story Two

Foundation Block

Sewer Private Sewer

Water Private

Others

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Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

1942 Hoosier Valley Road Traverse City, MI 49685

Kyle O'Grady

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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