138 W Gillis Street # 19 Traverse City, MI $ 550,000
138 W Gillis Street # 19
$ 550,000
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138 W Gillis Street # 19

Traverse City, MI, 49684
$ 550,000
Bedrooms2 Baths2.0 Sq 904

Monthly Estimate*

$ 3,386

138 W Gillis Street # 19, Traverse City, MI 49684 - Image 1
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Single Family Home for sale in Traverse City, MI

for $550,000 with 2 bedrooms and 2 full baths. This 904 square foot home was built in 2021.

Right in the heart of downtown Traverse City, this well-positioned 2-bedroom, 2-bath condo delivers the kind of lifestyle and income potential that savvy investors are actively seeking. Just steps from the shoreline of Grand Traverse Bay, along with award-winning restaurants, boutique shopping, and year-round events, the location alone drives consistent demand from both visitors and short-term renters. Inside, the layout is efficient and designed for low-maintenance ownership. Clean lines, functional living space, and lock-and-leave simplicity make it ideal as a personal retreat, second home, or turnkey rental. Whether hosting weekend guests or short-term tenants, the space supports ease of use and strong occupancy potential. The defining feature is the private rooftop deck overlooking the bay an elevated outdoor living space that creates a memorable guest experience and sets this unit apart in the rental market. Morning coffee with water views, sunset evenings above the city, and walkability to everything downtown all translate into lifestyle-driven value that today’s renters are willing to pay for. For investors, this is more than a downtown condo, it’s a strategic asset in one of Northern Michigan’s most desirable markets. A property that not only offers enjoyment but also the potential to generate income and offset ownership costs in a high-demand, four-season destination.

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Single Family Active

Price

$ 550,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Contemporary

Year Built

2021

Town/City

Traverse City

County/Region

Grand Traverse

MLS | Web ID

1944454

Features
Interior
Interior Amenities Solid Surface Counters Cable TV High Speed Internet
Fireplace Features None
Kitchen Level Main
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 904
Half Baths 0
3/4 Baths 0
Laundry Features Main Level
Total Bedrooms 2
Below Grade Finished Area 0
Living Room Level Main
Main Level Bathrooms 1
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
Primary Bathroom Features Shared
Kitchen Width 13.6
Primary on Main 83.811999999
Second Bedroom Length 9.11
Second Bedroom Width 9.2
Living Room Length 18.5
Primary Bedroom Area 123.895999999
Primary Bedroom Length 9.11
Primary Bedroom Width 13.6
Second Bedroom Level Upper
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air Electric
Possession Close Of Escrow
Roof Membrane
Appliances Refrigerator Oven/Range Dishwasher
HOA Fee 6000
Garage Spaces 1
Association Fee Includes Trash Snow Removal Maintenance Grounds
Architectural Style Contemporary
Construction Materials Frame Stucco/Drivit Press Board
Pets Allowed true
Year Built 2021
View Bay View Bay
Stories Count 2
Township Traverse City
Levels Two
Unit Number 19
Property Subtype Single Family Residence
Waterfront Features Near Pub.Access w/in 500'
Community Features Pets Allowed
Accessibility None
Assoc Fee Paid Per Annually
County Grand Traverse
New Construction N
Property Type Residential
Attached Garage Y
Subdivision Name Gillis Street Development
Garage Y/N Y
Other Structures None
Full Baths 2
Status New
Directions From downtown TC W. Front Street to W. Gillis Street.
City Traverse City
Entry Location Stairway (Indoor) Other
High School District Traverse City Area Public Schools
Zoning Description Residential
Lot Size Units Acres
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Primary Bedroom Level Upper
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 213056
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description UNIT 19 – FRESH WATER FLATS II CONDOMINIUM GTC CONDO SUB PLAN NO 469 2021C-00008 MASTER DEED FILED FEBRUARY 8 2021. 2021C-00017 1ST AMENDMENT TO MASTER FILED APRIL 6 2021. SPLIT/COMBINED ON 03/19/202
Freehold IDX
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Exterior
Parking Features Asphalt Attached Drive Under/Built-In
Lot Features Level
Water Source Public
Foundation Details Slab
Number of Buildings 1
Spa N
Road Surface Type Asphalt
Waterfront Y/N N
Horse Y/N N
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* Excluded Features
List By
Blue Lakes Real Estate Group Tc Llc

Broker

(231) 383-2414

Phone

Affordability Calculator

$3,386
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
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Monthly Home Insurance
--
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
4/30/2026$550,000 Listed Price

Map


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138 W Gillis Street # 19, Traverse City, MI, 49684 is a Single Family Home for sale at $550,000 with 904 sqft. 138 W Gillis Street # 19 has 2 bedrooms, 2.0 baths, and was built in 2021. The property's zip code is 49684 which is in Traverse City, MI