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15722 Waters Edge, Traverse City, MI 49686

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For Sale

$3,595,000

4 beds • 4 baths • 1 half baths • 4,384 sqft

Estimated Payment

$ 18,425 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $820.03
    Price per square foot

  • New Construction
    Age

  • Basement
    Rooms

Explore this Property

Welcome to 15722 Waters Edge Drive, an exquisite estate situated in Traverse City s prestigious gated-community Peninsula Shores on Old Mission Peninsula. Perched nearly 80 feet above the calm waters of East Grand Traverse Bay, this brand-new 4,384-square-foot residence, completed in 2025, offers completely unobstructed views of Lake Michigan. Built on the easternmost parcel in the subdivision, this home is positioned closer to the water than its neighbors, ensuring unmatched privacy and panoramic scenery. You will enjoy 4 spacious bedrooms, each made whole with an attached full bathroom. The primary suite is elevated with heated floors in the bathroom and a completely equipped oversized steam shower. Two of the upstairs bedrooms feature cathedral ceilings. The chef's kitchen is a culinary masterpiece showcasing a large pantry with custom shelving, a 48 side-by-side refrigerator, and a 48 dual fuel range with a griddle. Entertainment options abound with an interior wood burning or gas burning fireplace, a spacious and creatively designed sitting room adjacent to the living room and kitchen, a large exterior covered patio with two ceiling-mounted heaters, and an exterior wood burning fireplace with a hardscape patio. Enjoy your main-level laundry room large enough for a sizable island and seemingly endless cabinet space, as well as your spacious ~225 square-foot executive office with views out the front of your home facing the community open space. A second-floor mezzanine open to the main level would be a wonderful location for a reading nook with a viewing telescope. The nearly 2,800 square feet of unfinished lower-level space provides endless possibilities, from a state-of-the-art home gym to a golf simulator, an entertainment haven, or additional guest quarters. Completing this remarkable offering is a dedicated boat slip in the community marina - free of wait lists, additional dues or hassle. Whole home Generac Generator included.
MLS# 1930574

Courtesy Of Re/max Bayshore Properties
500 South Union St., Traverse City, MI 49684
(231) 941-4500

Property Features

  • Age
    New Construction
  • Amenities
    Water Front
  • Appliances
    Dishwasher, Dryer, Freezer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Contemporary
  • Heating System
    Forced Air
  • Lot Size
    0.51 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement, Kitchen, Living Room, Loft
  • View Type
    Water

Map and Directions

Directions to 15722 Waters Edge, Traverse City, MI 49686

Home seller CENTURY 21 Northland

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $18,425
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $18,425

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Eastern Elementary School

Grades PK-5 Public School

Traverse City, MI 49686 11.3 miles
1600 eastern ave

391 total students
16:1 Student teacher ratio

School Rating: C-

School Details

Traverse City East Middle School

Grades 6-8 Public School

Traverse City, MI 49696 14.6 miles
1776 3 mile rd n

847 total students
23:1 Student teacher ratio

School Rating: B-

School Details

Central High School

Grades 9-12 Public School

Traverse City, MI 49686 11.4 miles
1150 milliken dr

1461 total students
24:1 Student teacher ratio

School Rating: A

School Details
Other Nearby Schools Distance Type Grades School Rating
Old Mission Peninsula School 3.4 miles Public KG-6 B+
Sunrise Academy 4.2 miles Public 9-12 D+
Lakeland Elementary School 4.9 miles Public PK-5 B+
Elk Rapids High School 5 miles Public 9-12 A
Cherryland Middle School 5 miles Public 6-8 B+

Old Mission Peninsula School

Distance: 3.4 miles

Type Public

Grades: KG-6

B+

Sunrise Academy

Distance: 4.2 miles

Type Public

Grades: 9-12

D+

Lakeland Elementary School

Distance: 4.9 miles

Type Public

Grades: PK-5

B+

Elk Rapids High School

Distance: 5 miles

Type Public

Grades: 9-12

A

Cherryland Middle School

Distance: 5 miles

Type Public

Grades: 6-8

B+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Traverse City, MI 49686

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Traverse City, MI 49686

This community’s employment is highest in the administrative support and production occupations industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
12° February
Coldest Average Month
10,586 Total Households in Area
0.9% Increase in population since the year 2010
18.5%
of households
have children
18 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Traverse City, MI 49686

Traverse City, MI 49686 has a population of 22,648 people in 10,586 households with a median age of 46.9 years old.

0.9%
Increase in population
since the year 2010
Population is Trending up
10,156
Total households as of 2010
6.6%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 46.9 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 89%
Hispanic 4%
Other 2%
Asian 1%
Native American 1%
Black <1%
The most prevalent ethnicity is White at 89%, followed by Hispanic at 4%, Other at 2%, and Asian at 1%.

Economics
for Traverse City, MI 49686

305 /sq mi
Population Density
$71,436 /yr
Median Household Income
$0
Median Sales Price
18 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.64% of the households.

Transportation to Work

  • Drive 82%
  • Work from Home 12%
  • Walk or Bike 5%
  • Public Transit 2%

Occupancy by Type

Owned 7,558 62%
Rented 3,029 25%
Vacant 1,651 13%

White vs Blue Collar Jobs







White Collar 79%
Blue Collar 21%

Family & Education Facts
for Traverse City, MI 49686

46.9 Median Age

Average Household Size

2.1
persons per
household

43.7%

Married Households

Community Population By Education

Bachelors Degree 30%
Some College 21%
Graduate Degree 18%
High School Graduate 17%
Associates Degree 10%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 29.91% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
18.5% of households have children

Weather
for Traverse City, MI 49686

The weather for this area ranges from a high of 80° F in July to a low of 12° F in February

80° July
Hottest Average Month
12° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
14°
28°
Feb
12°
29°
Mar
20°
38°
Apr
31°
52°
May
41°
64°
Jun
51°
74°
Jul
56°
80°
Aug
56°
78°
Sep
49°
69°
Oct
39°
58°
Nov
30°
44°
Dec
20°
33°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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