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Jenn Smart

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230 Wellington , Traverse City, MI 49686
$3,995,000
Est. Payment: $20,818.50/mo
0 Bed
0 Bath
11807 Sqft
Status: active | Days on site: 1067
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

A Once-in-a-Generation Opportunity to Own a Traverse City Landmark. Few properties hold such a prominent place in a community's history. Fewer still have been lovingly restored with the care, investment, and attention to detail found here. This magnificent Neo-Classical Revival estate is one of Traverse City's most recognizable historic properties. Originally built for the son of a prominent lumber baron, the property was painstakingly restored to its original grandeur by the current owners. Today, the property operates as a well-known inn featuring 9 guest rooms and 15 bathrooms. The carriage house includes two separate 2-bedroom apartments, each with a kitchen and in-unit washer and dryer. Below the carriage house, the original stables remain largely unused, creating opportunities for event space, additional guest suites, or other creative uses. Including the unfinished basement and lower level of the carriage house, the property encompasses an impressive 15,918 square feet. The sale includes an extensive collection of period antiques and furnishings, along with the website, marketing materials, licenses, and associated intellectual property. A detailed FF&E inventory will be provided during due diligence. The estate itself is conservatively assessed at approximately $3.2 million, making this a rare opportunity to acquire a landmark property, a recognized hospitality business, and an extraordinary collection of antiques and furnishings in a single offering. Words and photographs cannot capture the craftsmanship, architectural details, and sense of place found throughout the estate. Plan to spend at least an hour touring the property—you'll want the time to appreciate everything it has to offer. Please do not approach staff or guests. All inquiries should be directed to the listing broker.

Highlights

Listed by Carole Higgins , 231-633-2577 Cygnus Real Estate , 231-994-3225. MiRealSource, Inc. mls logo

Property Type

Business Opportunity

Lot/Acreage
0.51

Year Built

1905

County

Grand Traverse

Area

Traverse City (28021)

Neighborhood

Oak Park

Listing ID

80007999

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:11807
Water:Public Water

Exterior Features

Lot Dimensions:165x132
Zoning:Residential
Roof:Asphalt,Tile
Sewer:Public Sanitary
Parking Features:11-20 Spaces,Parking Lot
Principal Interest
$20,819
Taxes
$2,547

Home Price

$3,995,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$799,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,818.50

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,818.50 $2,546.81 $0.00 $23,365.31
Yearly $249,822.01 $30,561.75 $0.00 $280,383.76
Total $7,494,660.24 $916,852.50 $0.00 $8,411,512.74
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Traverse City, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T01:10:54.300Z

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