Breathtaking, TO-BE-BUILT "Meredith" Ranch home with walkout lower level, & high-end, custom finishes! This 4 bedroom, 4.5 bath, spans over 5,300 finished SQFT, & has a spacious, 4 car attached garage with a bonus suite above including; living space, full bath, & a bunk room! Main floor has an open-floor plan with vaulted/beamed ceilings, fireplace, & french doors that lead out to the back porch & deck area. Large, open kitchen is perfectly situated for entertaining guests, & has a butcher block island, Granite counter tops, walk-in pantry, & walkout access to back deck. Private master suite on main level is surrounded by a spa-like master bath, his & hers walk-in closet, & a peaceful library with a fireplace, & french door entry. Step downstairs to find a massive family room with wet bar & built-ins, billiard room, exercise room, 2 additional bedrooms/baths, & a wine storage area with iron gates. Water, trees, wildlife if a true Northern Michigan lifestyle appeals to you, grab your architect & tour this unique lakefront enclave offering private waterfront sites on the peaceful Arbutus Lake. Generously-sized lots from 1 to nearly 6 acres (9 to choose from) are ideal for a retirement or Up North vacation home, or build a secluded family compound on 40 acres (8 parcels available). Each lot has a unique size, location on the lake, tree cover & topography with a coordinating pricing structure to match (starting at $150K). Paved roads, quiet cul-de-sacs, rolling hardwoods of Oak, Maple & Pine, buried utilities & thoughtful building restrictions maintain a tasteful, high-end feel to this one-of-a-kind neighborhood. 395 acre Arbutus Lake is comprised of a chain of 5 smaller lakes offering fantastic boating, fishing & kayaking. Just 15 minutes to downtown Traverse City.