MI > Grand Traverse > Williamsburg > 5961 E Oslo Street

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5961 E Oslo Street Map / directions

Williamsburg, MI

49690 Market info

$14,900,000

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  • MLS# 1928608
Portrait of Blake Bernard
Presented by Blake Bernard

269-267-2709

Traverse City-Randolph St.

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.
Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of Michigan's premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a 1/4 mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTI's unique design and location make it the ideal spot for everything from quiet getaways to family vacations, reunions, and more. The planned community includes up to 76 stand-alone cottages, each featuring the signature elements of Scandinavian design: warm functionality, simplicity, and beauty. With both 2- and 3-bedroom options, the cabins are designed to blend comfort with style, creating an inviting atmosphere for all guests. To date, 21 cottages have been completed and are currently being leased, generating close to $700,000 in rental income annually. Also included is a fully renovated restaurant with liquor license and a Class C SDM, allowing for the sale of packaged wine and beer, as well as a 13,000 sq ft event center, a 4,500 sq ft commercial kitchen, and a 1,000 sq ft visitor center/store with an office. Additionally, this property is pre-approved for an expanded mixed-use complex with up to 120,000 sq ft for hotel, condo, office, and retail spaces. With roads, utilities, walkways, and bridges already in place, KOTI is ready for the next stage of development. Located near premier attractions like Grand Traverse Resort & Spa, Turtle Creek Hotel & Casino, and Flint Fields, KOTI is uniquely positioned to become one of Michigan's most distinctive vacation rental resort communities. Capture this once-in-a-lifetime chance to invest in a truly exceptional destination that showcases the best of Scandinavian-inspired design, Northern Michigan hospitality, and breathtaking natural surroundings.

Property Information

Status
Active 
Address
5961 E Oslo Street 
City
Williamsburg 
Zip
49690 
Year Built
2023 
Listing Date
10/30/2024 
County
Grand Traverse 
Possession
Negotiable 
Parking
Paved,Parking Lot 
Price/SqFt
8370.79 

Taxes

Summer Taxes
$97,397 
Winter Taxes
$10,584 

Features

Current Use
Recreational/Resort,Other 
Features
Additional Buildings 
Zoning
Commercial, Other, Planned Unit Development 
Water
Municipal Water 
Sub Property Type
Mixed Use 
Licenses
Liquor 
Exterior Features
Wood 
Cooling
Central Air, Forced Air, Natural Gas 
Heating
Central Air, Forced Air, Natural Gas 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1928608 Active Oct 30 2024 12:15PM $14,900,000 13
School Information
Local Business

Learn More About This Listing

Portrait of Blake Bernard
Presented by Blake Bernard

269-267-2709

Traverse City-Randolph St.

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MITAAR Logo

Listing Courtesy of Remax Bayshore - W Bay Shore Dr Tc
Office Address 12930 S West Bay Shore Dr

5961 E Oslo Street Williamsburg
Contact us
$14,900,000
For Sale • Acres: 18.16 • Zoning: Other,Commercial,Planned Unit Development