Condo community · Simsbury Street · Garfield Township
Premier Place II condos
Premier Place II is a 50-unit condominium on Simsbury Street in Garfield Township, just outside the Traverse City limits, built in 2023 and 2024 next to the original Premier Place. The 2025 budget set dues at $385 a month, and leases must run at least 30 days. There have been 19 sales since February 2024, from $332,910 to $489,900.
What the condo documents say
We read the Premier Place II purchaser information booklet, mainly the disclosure statement effective January 1, 2025, with its budget, and the condominium bylaws. The developer is Premier Place II LLC of Ada, Michigan, whose principals were also involved with the original Premier Place next door.
The listing also carried second and third amendments to the master deed, which we have not read. Get the full current set before you write an offer.
Rentals
Owners can lease, but the lease term can’t be less than 30 days, so nightly and weekly rentals are out. An owner has to tell the association in writing at least 10 days before leasing and give it a copy of the lease.Source: Condominium Bylaws, Article VI, B and Article VII
Pets
Household pets are allowed, with a limit of two dogs older than four months per owner. The board can remove a pet whose conduct it finds objectionable.Source: Condominium Bylaws, Article VI, E
Dues
The 2025 budget sets dues at $385 a month per unit, $231,000 a year across 50 units, due on the 10th of each month. Late dues carry interest of 7 percent a year.Source: Disclosure Statement, Article VIII
Where the dues go
The biggest 2025 budget lines are water and sewer ($36,000), snow removal ($35,000), property management ($33,000), insurance ($26,500), a contingency reserve ($25,000) and $21,000 paid as dues to Premier Place.Source: Disclosure Statement, 2025 budget
Paid at closing
The disclosure statement says each purchaser pays two months of assessments at closing as a working capital deposit. Ask whether the association charges the same on a resale.Source: Disclosure Statement, Article VIII, A
Garages
Owners assigned a garage pay for its maintenance and repair and are assessed their share of the insurance on it.Source: Disclosure Statement, budget note 2
Roads
The driveways and parking areas are private, and the developer has not sought dedication of the driveways to the county road commission. The developer controls road repair and maintenance, including snow removal, and passes the charge to the association. The association maintains the parking areas.Source: Disclosure Statement, Article XI
Every sale since February 2024
Every Premier Place II sale recorded in the MLS since February 2024, newest first. One-bedrooms are 749 square feet, two-bedrooms 1,140 and three-bedrooms 1,446 to 1,482. 1554 Simsbury #5 closed as a new-construction sale in February 2024 and sold again that April.
| Address | Beds / baths | Built | Sq ft | Sold for | Closed | Dues in listing |
|---|---|---|---|---|---|---|
| 1548 Simsbury St 8 | 2 bed / 1.5 ba | 2024 | 1,140 | $400,000 | May 27, 2026 | $380/mo |
| 1554 Simsbury St 2 | 2 bed / 1.5 ba | 2024 | 1,140 | $375,000 | Dec 19, 2025 | $385/mo |
| 1554 Simsbury St 10 | 1 bed / 1.0 ba | 2024 | 749 | $369,900 | Apr 25, 2025 | $385/mo |
| 1560 Simsbury St 1 | 1 bed / 1.0 ba | 2024 | 749 | $342,900 | Feb 14, 2025 | $385/mo |
| 1554 Simsbury St 1 | 1 bed / 1.0 ba | 2024 | 749 | $382,500 | Aug 8, 2024 | $380.50/mo |
| 1554 Simsbury St 3 | 2 bed / 1.5 ba | 2024 | 1,140 | $432,450 | May 24, 2024 | $345/mo |
| 1560 Simsbury St 2 | 2 bed / 1.5 ba | 2023 | 1,140 | $437,020 | May 21, 2024 | $345/mo |
| 1560 Simsbury St 6 | 3 bed / 2.5 ba | 2023 | 1,482 | $479,900 | May 3, 2024 | $345/mo |
| 1554 Simsbury St 5 | 3 bed / 2.5 ba | 2024 | 1,482 | $489,900 | Apr 4, 2024 | $345/mo |
| 1554 Simsbury St 8 | 2 bed / 1.5 ba | 2023 | 1,140 | $332,910 | Apr 1, 2024 | $345/mo |
| 1548 Simsbury St 4 | 3 bed / 2.0 ba | 2024 | 1,446 | $469,900 | Mar 27, 2024 | $345/mo |
| 1548 Simsbury St 6 | 3 bed / 2.5 ba | 2023 | 1,482 | $489,002 | Mar 25, 2024 | $345/mo |
| 1548 Simsbury St 7 | 3 bed / 2.0 ba | 2024 | 1,446 | $429,900 | Mar 22, 2024 | $345/mo |
| 1548 Simsbury St 5 | 3 bed / 2.5 ba | 2023 | 1,482 | $375,095 | Mar 14, 2024 | $345/mo |
| 1554 Simsbury St 6 | 3 bed / 2.5 ba | 2023 | 1,482 | $417,897 | Mar 4, 2024 | $345/mo |
| 1554 Simsbury St 7 | 3 bed / 2.0 ba | 2023 | 1,446 | $429,900 | Feb 22, 2024 | $345/mo |
| 1554 Simsbury St 5 | 3 bed / 2.5 ba | 2023 | 1,482 | $369,935 | Feb 15, 2024 | $345/mo |
| 1554 Simsbury St 9 | 2 bed / 1.5 ba | 2023 | 1,140 | $342,935 | Feb 8, 2024 | $345/mo |
| 1554 Simsbury St 4 | 3 bed / 2.0 ba | 2023 | 1,446 | $460,000 | Feb 8, 2024 | $345/mo |
Buying here: what to check
Premier Place II draws buyers who want a newer condo near Boardman Lake, outside the city limits. These are the things we check before an offer.
Lake and amenity access
One 2026 listing describes a walking path to about 470 feet of shared Boardman Lake frontage and says Premier Place II residents have access to a pool and clubhouse. The budget pays $21,000 a year to Premier Place, so ask for the agreement behind that before you rely on amenity access. See our Boardman Lake page.
Dues history
Listings showed $345 a month on most 2024 sales and $380 to $385 on the sales since. The 2025 budget was estimated by the developer assuming every unit sold and occupied, so ask for the current budget.
Developer rights
The developer reserved the right to expand, contract and convert the condominium. Ask what has been done under the second and third amendments and what is planned next door.
No short-term rentals
The 30-day minimum lease rules out nightly and weekly rentals. Rentals have to run 30 days or longer.
Garages
Owners assigned a garage carry its repair costs and their share of its insurance. Check whether the unit you want has one.
Premier Place II questions
What are the HOA dues at Premier Place II?
The 2025 budget sets dues at $385 a month per unit. Recent listings show $380 to $385 a month. Confirm the current amount with the association.
Can you rent a Premier Place II condo short term?
No. The condominium bylaws require leases of at least 30 days, and owners must notify the association 10 days before leasing and give it a copy of the lease.
Are pets allowed at Premier Place II?
Yes. Household pets are allowed, with a limit of two dogs older than four months per owner.
How many units are in Premier Place II?
The disclosure statement describes Premier Place II as a 50-unit condominium in Garfield Township.
Is Premier Place II in the City of Traverse City?
No. The disclosure statement places it in Garfield Township, Grand Traverse County, just outside the city limits. Listings note that means no city tax.
What do Premier Place II condos sell for?
There were 19 sales between February 2024 and October 17, 2026, from $332,910 to $489,900, with a median of $417,897. Three-bedrooms sold from $369,935 to $489,900.
Does Premier Place II have lake access?
One 2026 listing describes a walking path to about 470 feet of shared Boardman Lake frontage, plus a pool and clubhouse. The association budget pays dues to the neighboring Premier Place, so ask for that agreement before you buy.
What does a buyer pay the association at closing?
The disclosure statement says each purchaser pays two months of assessments at closing as a working capital deposit. Ask the association whether that applies to resales.
Looking at Premier Place II?
We have read the Premier Place II booklet and track every sale. Tell us the size you need and whether you want a garage, and we will send listings as they come up.
Sales, dues and unit details come from Northern Great Lakes REALTORS® MLS records, checked October 17, 2026. Rules come from the Premier Place II disclosure statement (January 1, 2025), master deed and condominium bylaws. This page summarizes those documents and is not legal advice; read the full documents and current rules before you buy. Information is deemed reliable but not guaranteed. Reviewed by Taylor Brown, Realtor, Real Estate One, Traverse City.