Here is your chance to own the last buildable lot in the highly sought-after Peninsula Knolls subdivision, located at the base of the beautiful Old Mission Peninsula. This stunning 1.19-acre parcel is heavily wooded with gorgeous rolling typography, offering privacy, character, and multiple building site options — perfect for a ranch-style home or a multi story with or without walkout design. Backing up to open space from the neighboring Mission Bay development, this property provides a peaceful setting while being just minutes from downtown Traverse City, local beaches, world-class wineries, and award-winning restaurants. All underground utilities are already on site — including natural gas, electric, cable, and municipal water. There are multiple potential locations for an on-site septic system installation. This location truly has it all — privacy, convenience, natural beauty, and access to all the best that Traverse City and the Old Mission Peninsula have to offer. Don't miss this rare opportunity to build your dream home in one of the area's most desirable neighborhoods.