5157 Highland Drive
Traverse City, MI, 49685 $ 365,000
Bedrooms2 Baths1.1 Sq 1,056 Monthly Estimate*
$ 2,305
for $365,000 with 2 bedrooms and 1 full bath, 1 half bath. This 1,056 square foot home was built in 1969 on a lot size of 0.35.
Life is better at the lake! Delight in everything that beautiful Silver Lake, a 600-acre all-sports lake, has to offer with a pocket-sized beach conveniently located directly across the street and the public boat launch right around the corner! Whether your perfect day includes boating, fishing, kayaking, tubing, or simply relaxing by the water, this property offers an affordable opportunity to embrace the Northern Michigan lifestyle. This charming 2 bed, 1-1/2 bath ranch has been thoughtfully updated and is move-in ready! Featuring new flooring throughout, updated shower, paint, refinished kitchen cabinets, a woodstove fireplace insert and more. Outside, enjoy a paver patio, storage shed, chain-link fenced yard, bonfire pit, and plenty of room for entertaining after a day on the lake. Located 15 minutes from downtown Traverse City, you'll have easy access to shopping, dining, wineries, golf courses, hiking trails, and everything that makes this area one of Michigan's most sought-after destinations. In fall, venture on a stunning color tour every time you go for a drive. Thinking ahead to winter? Just imagine visiting one of three ski resorts within 40min, snowshoeing the hills behind the old state hospital, dining at the Mercato, then ending the day in front of the fireplace. Each season offers a uniquely magical experience. Whether you're searching for a year-round residence, Up North getaway, or investment opportunity, this Silver Lake gem is ready for its next adventure.
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FeaturesGeneralSewer Septic Tank
Heating Baseboard
Possession Close Of Escrow
Roof Composition Shingle
Appliances Dryer Microwave Range Refrigerator Washer
Garage Spaces 2.0
Architectural Style Ranch
Construction Materials Aluminum Siding
Exclusions Blink security system
Year Built 1969
Stories Count 1
Township Garfield Twp-GrandTraverse
Property Subtype Single Family Residence
Tax Year 2025
Ownership Private Owned
Waterfront Features Lake
County Grand Traverse County
New Construction N
Property Type Residential
Attached Garage Y
Garage Y/N Y
Other Structures Shed(s)
Total Rooms 7
Full Baths 1
Status Active
Directions E. Silver Lake Road S. to W. on Highland Road
City Traverse City
Body of Water Silver Lake
High School District Traverse City
Zoning Description Residential-Imp
Lot Size Units Acres
Lot Size Square Feet 15072.0
Carport Y/N N
Listing Terms Cash FHA MSHDA Conventional
Land Lease Y/N N
Tax Annual Amount 3991.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 91646
Legal Description LOT 54 EXC BEG WLY COR SD LOT TH N 53DEG 48'E 50' TH S 53DEG 54'30''E 49.07' TH S 89DEG 33'W 80' TO POB BEACON HILLS ESTATE
Senior Community None
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InteriorBasement Crawl Space
Flooring Laminate Tile
Total Fireplaces 1
Fireplace Features Wood Burning
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
Laundry Features Electric Dryer Hookup Main Level Washer Hookup
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
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ExteriorParking Features Attached
Lot Features Level
Water Source Well
Lot Size Area 0.35
Spa N
Building Area Total 1056.0
Lot Dimensions 210x152x135x49
Lot Size Acres 0.35
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
View True
All Sports True
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* Excluded FeaturesList ByFive Star Real Estate (Main)Broker
leanonlance@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,305
- Monthly Property Taxes
- $333
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Traverse City, MI
Average List Price $816,560
Percent of Sale Price 124%
About Traverse City, MI 15,817 Population
7% Since 2002
$ 49,237 Median Income
41.86 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4593364 Elementary School
4593362 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/9/2026 | $365,000 | | Listed Price |