1388 Gray Drive # 3 Traverse City, MI $ 479,000
1388 Gray Drive # 3
$ 479,000
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1388 Gray Drive # 3

Traverse City, MI, 49684
$ 479,000
Bedrooms1 Baths1.0 Sq 853

Monthly Estimate*

$ 2,949

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Single Family Home for sale in Traverse City, MI

for $479,000 with 1 bedroom and 1 full bath. This 853 square foot home was built in 2020.

Historic ambience and a modern urban lifestyle combine to create the ideal condominium. Building 57 at the Grand Traverse Commons has been transformed into 12 stunning condos situated along the boundary of the Water Tower District of the Village, and at the base of the natural woodlands and trails of the Commons natural area. This ideal location offers restaurants, Shopping, Munson Hospital, Left Foot Charlie, Earthen Ales, S2S, Pepenaro and Stella only steps away from your front door. Downtown Traverse City and the beach are only a mile away. In contrast, enjoy the peace and tranquility and privacy of Kids Creek and a wooded landscape on your back patio. The best of both worlds! Completed in 2023 this unit is beautifully finished with many upgrades and an open and airy layout. Enjoy an attached spacious 1 car garage with custom storage, full size washer and dryer and a maintenance free lifestyle. This condo may also be used as a short term rental. Ready for immediate move in or capitalizing on the peak rental market. Don't miss out on this rare opportunity!

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Single Family Active

Price

$ 479,000

Bedrooms

1

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Year Built

2020

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1943906

Features
Interior
Interior Amenities Entrance Foyer Pantry Granite Bath Tops Granite Counters Kitchen Island Great Room Drywall Cable TV High Speed Internet DSL WiFi
Flooring Wood Carpet
Fireplace Features None
Kitchen Level Main
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds
Fireplace Y/N N
Above Grade Finished Area 853
Half Baths 0
3/4 Baths 0
Laundry Features Main Level
Total Bedrooms 1
Below Grade Finished Area 0
Entry Level 1
Living Room Level Main
Main Level Bedrooms 1
Main Level Bathrooms 1
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
Primary Bathroom Features Shared
Kitchen Area 171.68
Kitchen Length 11.6
Kitchen Width 14.8
Living Room Area 193.28
Living Room Length 15.1
Living Room Width 12.8
Primary Bedroom Area 154
Primary Bedroom Length 14
Primary Bedroom Width 11
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Close Of Escrow
Roof Membrane
Appliances Refrigerator Oven/Range Disposal Dishwasher Microwave Washer Dryer Gas Water Heater
HOA Fee 3900
Garage Spaces 1
Association Fee Includes Water Sewer Trash Snow Removal Maintenance Grounds Maintenance Structure Liability Insurance Fire Insurance
Patio/Porch Features Patio Covered
Security Features Smoke Detector(s)
Construction Materials 2x6 Framing Frame Cement Siding
Pets Allowed true
Year Built 2020
Stories Count 1
Township Garfield
Levels One
Unit Number 3
Property Subtype Single Family Residence
Waterfront Features Creek
Community Features Pets Allowed Common Area Trails
Accessibility Accessible Hallway(s) Covered Entrance Levered Door Knobs
Assoc Fee Paid Per Annually
County Grand Traverse
New Construction N
Property Type Residential
Attached Garage Y
Energy Efficient Thermostat Windows
Subdivision Name Asylum Creek Condominiums
Garage Y/N Y
Other Structures None
Full Baths 1
Status New
Directions West on Eleventh St from Division. Left at Y & right on Cottageview Dr. Left at Pleasanton Bakery & go forward between the Lofts at 58 & the 3 level brick office building. Asylum Creek Condos are o
City Traverse City
Entry Location No Steps First Floor Level
High School District Traverse City Area Public Schools
Zoning Description Residential Multi-Family Deed Restrictions Building-Use Restrictions
Lot Size Units Acres
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Virtual Tour https://knightwingmedia.aryeo.com/sites/yjkpawe/unbranded https://knightwingmedia.aryeo.com/sites/1388-gray-dr-3-traverse-city-mi-49684-8133790/branded https://knightwingmedia.aryeo.com/videos/5555f42d-f160-407c-b647-277bb53de0a7
Primary Bedroom Level Main
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Traverse City Area Public Schools
Elementary School District Traverse City Area Public Schools
Tax Assessed Value 254120
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description UNIT 3 LOFTS AT ASYLUM CREEK CONDO GT CO CONDO SUBD PLAN NO 463 REPLAT OF UNIT 7 WEST COMMONS GT CO CONDO SUBD PLAN NO 354 (FKA BLDG 57) SPLIT/COMBINED ON 10/13/2020 FROM 05-361-007-00; TO 05-463-001
Freehold IDX
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Exterior
Exterior Amenities Sprinkler System Rain Gutters
Parking Features Concrete Attached Garage Door Opener Plumbing Concrete Floors
Lot Features Wooded Level Landscaped
Water Source Public
Foundation Details Poured Concrete Slab
Number of Buildings 1
Spa N
Road Surface Type Asphalt
Waterfront Y/N N
Road Responsibility Association
Horse Y/N N
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* Excluded Features
List By
Five Star Real Estate - Front St Tc

Broker

(313) 909-0659

Phone

Affordability Calculator

$2,949
Per Month
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Monthly Principal & Interest
$2,949
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034238 Elementary School
2034116 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$479,000 Listed Price

Map


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1388 Gray Drive # 3, Traverse City, MI, 49684 is a Single Family Home for sale at $479,000 with 853 sqft. 1388 Gray Drive # 3 has 1 bedrooms, 1.0 baths, and was built in 2020. The property's zip code is 49684 which is in Traverse City, MI