$3,995,000

Est. $24,991/mo

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Homefello Value
Our estimate based on local data and recent sales

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About This Property

Once in a lifetime chance acquire a legacy property! This stately neo-classic revival property is looking for its next steward. The property is a piece of Traverse City's history, once owned by the son of a lumber baron, it fell into disrepair after the the lumber baron's family sold the property and left town. It was lovingly restored to its original grandeur by the current owners. The restoration process, which occurred from 1999 to 2003, took the full 4 years and multiple millions of dollars. It is being offered both as a turnkey bed and breakfast business and/or a single family property which boasts 9 bedrooms and 15 bathrooms plus a carriage house with two 2-bedroom apartments, each with a kitchen and washer/dryer. The original stables below are currently not utilized but could be converted to event space or more units. The total square footage of the house and carriage house including the unfinished portion of the basement and the lower level of the carriage house is: 15,918 square feet! Included in the sale are all furnishings, including numerous period antiques the most significant of which are detailed in the FFE list, available upon request. Words cannot do the property justice- it needs to be seen to be fully appreciated and allow at least an hour to fully take in all the details. Located just blocks from all that Traverse City has to offer and the Traverse City beach on West Bay this is a killer opportunity!

Listed by: Carole L Higgins (231) 633-2577 Cygnus Real Estate

Source: MiRealSource MLS#: 80069185

Key Features

Finished basement with additional living space

Spacious primary suite with en-suite bath

4-car detached

Private patio/deck for outdoor entertaining

Cozy fireplace

Central air conditioning

Inside the Home
  • 13 bedrooms

  • 12 full bathrooms

  • 3 half bathroom

  • Includes disposal, dryer, freezer, microwave, refrigerator, washer, range, oven, gas water heater

  • 11,807 sq ft of living space

  • Pantry, Walk-In Closet(s)

  • Laundry: In Basement

  • Full, Partially Finished, Interior Entry

  • Windows: Bay Window(s), Window Treatments

Comfort & Climate
  • Forced Air, Hot Water, Exhaust Fan, Natural Gas

  • Ceiling Fan(s), Central Air, Exhaust Fan

  • Fireplace — electric

  • Cable Available

Outdoor Features
  • Patio, Deck, Porch

  • Balcony

  • Corner Lot

Parking & Storage
  • 4-car detached

Property Overview
  • Lot size: 0.5000 acres

  • Built in 1905

  • Victorian architecture

  • Single Family

  • Zoning: Residential

  • Annual taxes: $13,525

Utilities
  • Water: Public

Construction
  • Wood Siding

Community
  • Subdivision: Traverse City - Oak Park

  • Grand Traverse County

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Homefello Value
Our estimate based on local data and recent sales
Location
230 Wellington Lot: 9 &10, Traverse City, MI 49686
Schools, Safety & Local Reviews
RatingSchoolDistance
Data provided by GreatSchools.org © 2026GreatSchools
Neighborhood Safety

Property Crime

C
Avg (A-)
Traverse City
14.8 per 1,000 residents

Violent Crime

C
Avg (B)
Traverse City
3.3 per 1,000 residents
Crime grades compare this zip code vs nearby areas. Data provided by Zyla Labs.
Neighborhood
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IDX provided courtesy of Realcomp II Ltd. via GoodHome Realty and MLS. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The data relating to real estate properties on this website was last updated as recently as .

Listing Information presented by local MLS brokerage: GoodHome Realty and MLS, Inc., REALTOR® - Quinton Lemond - (248) 928-4992.