Property Watch: “The Last Of Its Kind”
By Emily Tyra | Jan. 1, 2021
Changes are afoot for this high-profile waterfront parcel (13999 S West Bay Shore Drive, Traverse City, $5,995,000, MLS #1882343) perched at the gateway to the County, where M-72 meets M-22 at the bay. This prime Traverse City address in Leelanau County was previously marketed as the Solasta waterfront condominium development — with 15 individually listed luxury properties. However, listing agent Molly Buttleman of Coldwell Banker Schmidt Realtors tells the Leelanau Ticker that based on timing and the seller’s big-picture plans, the Solasta condo project is no longer being pursued.
Now the opportunity to purchase the entire parcel of land — zoned multi-family/commercial on a “deep ¾-acre” — has emerged. The property includes 207 feet of waterfront on sandy-bottomed West Bay, overlooking the lights of downtown.
Buttleman stresses it’s “a clean slate, with the land now open to any point in the design process.” Building options include condominium development, townhomes, a single-family residence, commercial use and more. One vision for the property, she says, is a ground-level takeout eatery/market to serve both local and boater traffic, with residential units above.
“It is really ready for all of the possibilities — what people want and can do in a post-COVID world,” she says. Buttleman adds she has met with two local developers who have shown strong interest and is also pursuing out-of-area investors. “We just need the right fit,” she says.
“The property itself is incredible; it is truly the last of its kind.”
Rendering of the parcel to illustrate its location, not to scale.
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