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 mostsought-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 SepticTank
Heating Baseboard Electric
Possession CloseOfEscrow
Roof Composition Shingle
Appliances Dryer Microwave Refrigerator Range Washer
Garage Spaces 2.0
Patio/Porch Features Patio
Architectural Style Ranch
Construction Materials AluminumSiding
Year Built 1969
View Water
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Waterfront Features AllSportsLake Lake PublicLake WaterAccessRights
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Garage Y/N Y
Total Rooms 7
Full Baths 1
Status Active
Directions E. Silver Lake Road S. to W. on Highland Road
City Unknown_OutOfState
Body of Water Silver Lake
Senior Community Y/N N
High School District TraverseCity
Zoning Description Residential
MLS Area Area28041GarfieldTwp
Lot Size Units SquareFeet
Carport Y/N N
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
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Living Area Units SquareFeet
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
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InteriorFlooring Laminate Tile
Total Fireplaces 1
Fireplace Features WoodBurning
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 1056.0
Half Baths 1
Laundry Features MainLevel WasherHookup
Total Bedrooms 2
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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ExteriorVegetation Shrubs
Fencing ChainLink
Parking Features Attached Concrete
Lot Features Level
Water Source Well
Lot Size Area 15072.0
Foundation Details CrawlSpace
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
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* Excluded FeaturesList ByLance E EngelListing Agent
Five Star Real Estate (Main)Broker
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 $808,095
Percent of Sale Price 121%
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.
4909576 Elementary School
4909840 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/9/2026 | $365,000 | | Listed Price |