Own a piece of Bellaire history with this lovely 8.73 acre parcel, known for over a century as Terrace Villa. With 690' of frontage on Shanty Creek, the 2 BR 1BA home is less than .4 mile from Grass River, 1.5 miles from the Lake Bellaire public access, & under 10 minutes to Shanty Creek Resort. Once popular as a trout pond, the water flows freely now & you might still catch a brook trout. Originally built in 1888, and updated over the years, it retains its historic charm with a wraparound porch, detailed woodwork, and multiple parlors, while being equipped with modern comforts. The property once hosted several log cabins along the shore; today, cabin # 1 remains as a nod to the past resort style. With more than 8 acres, there is ample room to recreate a cozy resort or simply enjoy the privacy & natural beauty. Inside, a spacious foyer with wood floors leads to welcoming living spaces featuring custom trim, wood floors, and a wood-burning soapstone stove. Large windows provide serene views of the creek and grounds and multiple doors lead to the porch. The main floor includes one of two bedrooms & an updated bath with custom tile, heated floors, tile shower, and a vanity made from an antique dresser. The kitchen offers generous storage, a built-in banquette, and stone chimney accents. There is plenty of space if you wish to make updates. A full-length enclosed back porch overlooks the creek & a deck outside also overlooks the creek. The Michigan basement, with original stone foundation & abundant storage, includes the washer/dryer connections. Outside, you'll find a storage shed & one of the original guest cabins. Select furnishings and antiques may be available. The property is just minutes from town and within an hour of Traverse City, Petoskey, & Gaylord. This is a rare opportunity to steward a beloved landmark into its next chapter-bring your ideas and rediscover the spirit of Northern Michigan.