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The 'hidden gem' lakefront town that has been branded the 'new Hamptons' - but with property normal people can afford
Potential buyers looking to splash their cash on a beautiful lakefront property may be able to find their forever home in this up-and-coming hidden gem of a town.
Traverse City in Michigan has been dubbed the 'Hamptons of the Midwest' for its opulent homes, fit with sprawling backyards and gorgeous views of the lakes.
The surrounding area - which has ample properties within the budget of the average American family - is filled with tourist spots, including annual festivals, upscale restaurants, and plenty of cultural activities to get involved in.
And the Midwestern hotspot has also become a favorite for new business owners, according to experts, who say that younger buyers are flocking to the town to take advantage of its 'booming industries.'
Andrew Castillon, founder of the Lincoln Advisory Group, emphasized just how unique Traverse City is and that it's a growing 'hidden gem.'
Traverse City in Michigan has been dubbed the 'Hamptons of the Midwest' for its opulent homes, fit with sprawling backyards and gorgeous views of the lakes
The surrounding area - which has ample properties within the budget of the average American family - is filled with tourist spots, including annual festivals and upscale restaurants
'I like to refer to it as the "Hamptons of the Midwest," however, I believe we have a much bigger sense of community and more activities,' he said.
In addition to in-town tourist spots, Traverse City is also home to the annual National Cherry Festival, which takes place every year during the week of July 4.
Traverse City visitors and residents who were lucky enough to go to this year's festivities had the chance to see its headlining bands - Stone Temple Pilots and the Goo Goo Dolls.
Individuals who aren't music lovers could also attend the Traverse City Horse Shows - an annual 13-week event that attracts equestrians nationwide.
'You don’t have to be on the water to enjoy Traverse City. You can enjoy it by having a home in town, walking to the lifestyle amenities,' said Patrick Leavy of Kidd & Leavy Real Estate.
Leavy suggested that travelers visit the Crooked Tree Arts Center, the Higher Art Gallery, and the Grand Traverse Resort and Spa.
Real estate agent Patrick Leavy suggested that travelers visit the Crooked Tree Arts Center, the Higher Art Gallery, and the Grand Traverse Resort and Spa
Traverse City has become a favorite for new business owners, according to experts, who say that younger buyers are flocking to the town to take advantage of its 'booming industries'
'You can appeal to so many different tastes, especially with these millennial and Gen Z buyers who are planning to come up here to start a business or for some of the booming industries that we have,' said the listing agent.
Travelers can even visit the nearby Bonobo Winery, which is owned by former HGTV star Carter Oosterhouse, and 'Just Friends' star Amy Smart.
Traverse City is a home to the Central Neighborhood Historic District, which protects the character of around 550 other properties in the area.
One gorgeous home in the area is selling for $9.5 million, according to Kidd & Leavy Real Estate last April.
Measuring at 10,412 square feet, the five-bedroom, five-bathroom house is located on the Old Mission Peninsula. The private property has scenic views of Lake Michigan and is close to restaurants.
A waterfront property in Traverse City is currently on sale for $9.5 million after being listed by Patrick Leavy last April
The property was built in 2019 and designed by the northern Michigan-based architectural firm White & Liebler Michigan Architects.
'There’s really no truly defining architectural style... That’s what makes it exciting,' Castillon told Realtor this month.
Before walking into the house, guests can take in the fresh air that Michigan brings to its lakefront town and spot the property's four-car garage.
Various rooms throughout the house also have built-in bookcases that nearly match the white walls perfectly. The first floor has an open floor plan, which gives guests in the main level's living room a perfect view of the kitchen.
The primary bathroom near the master suite has cabinets that match the white walls and door, along with two separate vanities side by side from one another.
The property also has a variety of outdoor features, but the long boat dock is one that could stand out the most to potential homebuyers.
It is a private dock on the property that can be accessed through one of the houses' yards. It's also big enough to park a boat and jet skis at the same time.
House guests who are not looking to take a dip in the Michigan waters can gaze at its scenic views from the sand in front of the rocks.
Everyone who prefers to keep their boat away from the property can store it at a local marina, such as the Harbor West Yacht Club, Duncan L Clinch Marina, or East Bay Marina.
Although Transverse City is a summer-like town, Michigan does experience winter weather in all parts of the state.
'We truly have a winter. We get a little colder, we get a little more snow. So you have to be able to embrace the winter lifestyle. You’ve got to get out, you’ve got to go skiing or cross-country skiing or enjoy snowmobiling,' Leary told Realtor.