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.
Sold for $490,000
$490,000
138 W Gillis St, Traverse City, MI 49684
2beds
904sqft
Condominium, Single Family Residence
Built in 2021
-- sqft lot
$-- Zestimate®
$542/sqft
$2,284 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,284/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jennifer Hastings 443-895-0764,
Blue Lakes Real Estate Group TC LLC 231-683-2125
Bought with:
Trent Sims, 6501402035
The Mitten Real Estate Group
Source: NGLRMLS,MLS#: 1946728
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 123.9
- Dimensions: 9.11 x 13.6
Bedroom 2
- Level: Upper
- Area: 83.81
- Dimensions: 9.11 x 9.2
Primary bathroom
- Features: Shared
Kitchen
- Level: Main
- Width: 13.6
Living room
- Level: Main
- Length: 18.5
Heating
- Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher
- Laundry: Main Level
Features
- Solid Surface Counters, Cable TV, High Speed Internet
- Flooring: Luxury Vinyl Plank
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 904
- Total interior livable area: 904 sqft
- Finished area above ground: 904
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Drive Under/Built-In, Asphalt
- Attached garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Stairway (Indoor),Other
- Has view: Yes
- View description: Bay, Bay View
- Has water view: Yes
- Water view: Bay
- Waterfront features: Near Pub.Access w/in 500'
Lot
- Features: Level
Details
- Additional structures: None
- Parcel number: 285116200503
- Zoning description: Residential
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium, Single Family Residence
- Attached to another structure: Yes
Materials
- Frame, Stucco/Drivit, Press Board
- Foundation: Slab
- Roof: Membrane
Condition
- New construction: No
- Year built: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pets Allowed
- Subdivision: Gillis Street Development
HOA
- Services included: Trash, Snow Removal, Maintenance Grounds
- HOA fee: $6,000 annually
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $542/sqft
- Tax assessed value: $213,056
- Price range: $490K - $490K
- Date on market: 6/17/2026
- Cumulative days on market: 83 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash,1031 Exchange
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Sold | $490,000-5.8%$542/sqft |
Source:  NGLRMLS #1946728 Report a problem | ||
| 6/17/2026 | Listed for sale | $520,000+33.7%$575/sqft |
Source: NGLRMLS #1946728 Report a problem | ||
| 1/6/2023 | Sold | $389,000-5.1%$430/sqft |
Source: RE/MAX of Michigan Solds #1883602_49684 Report a problem | ||
| 12/25/2022 | Pending sale | $410,000$454/sqft |
Source:  Realcomp II #78001204482 Report a problem | ||
| 12/27/2021 | Sold | $410,000$454/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 8/10Central Grade SchoolGrades: PK-7Distance: 0.4 mi
- 7/10Central High SchoolGrades: 8-12Distance: 2 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 5.3 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Grand Traverse County
- Traverse City
- 49684
- Downtown
- 138 W Gillis St
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