Welcome to 1390 Lake Drive, a versatile and inviting property nestled near the shores of Silver Lake in Traverse City. This 3-bedroom, 2-bath home offers 1,734 square feet of living space and includes 50 feet of shared waterfront access—perfect for enjoying the best of Northern Michigan lake life. Currently configured as two separate living units, the home provides a unique opportunity for multi-generational living, rental income, or a seamless return to a single-family layout. The main level unit features two spacious bedrooms and one full bathroom, along with a comfortable living area and easy access to the yard. The upper-level unit includes a private entrance, a cozy sitting area on the main floor and a charming upstairs space complete with a bedroom, full kitchen, and family room. Whether you’re looking for an investment property, vacation retreat, or full-time residence with flexible living arrangements, this Silver Lake gem is full of potential.
Sold for $445,000
$445,000
1390 Lake Dr, Traverse City, MI 49685
3beds
1,734sqft
Single Family Residence
Built in 1998
0.26 Acres Lot
$454,800 Zestimate®
$257/sqft
$2,547 Estimated rent
Home value
$454,800
$409,000 - $505,000
$2,547/mo
Zestimate® history
Owner options
List your home for rent
$2,547/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,547/mo
Rent Zestimate®
Refinance and save
$2,675/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,675/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Shared waterfront accessCharming upstairs spaceSpacious bedroomsCozy sitting area
Zillow last checked:
Listing updated:
Listed by:
Karen Schmidt Cell:231-218-4463,
Coldwell Banker Schmidt Traver 231-922-2350,
Danielle Jerome,
Coldwell Banker Schmidt Traver
Bought with:
Karen Schmidt, 6501234844
Coldwell Banker Schmidt Traver
Danielle Jerome, 6501377986
Coldwell Banker Schmidt Traver
Source: NGLRMLS,MLS#: 1936261
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 182
- Dimensions: 13 x 14
Bedroom 2
- Level: Main
- Area: 108
- Dimensions: 12 x 9
Bedroom 3
- Level: Upper
- Area: 195
- Dimensions: 15 x 13
Primary bathroom
- Features: Shared
Kitchen
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Living room
- Level: Main
- Length: 16
Heating
- Forced Air, Natural Gas, Fireplace(s)
Appliances
- Included: Refrigerator, Oven/Range, Washer, Dryer
- Laundry: Main Level
Features
- Beamed Ceilings, Drywall, Cable TV, DSL, WiFi, In-Law Floorplan
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 1,734
- Total interior livable area: 1,734 sqft
- Finished area above ground: 1,734
- Finished area below ground: 0
Property
Parking
- Parking features: None, Gravel, Dirt, Private
Accessibility
- Accessibility features: Covered Entrance
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Porch
- Exterior features: Balcony
- On waterfront: Yes
- Waterfront features: All Sports, Lake
- Body of water: Silver Lake
- Frontage length: 50
Lot
- Size: 0.26 Acres
- Dimensions: 104 x 111
- Features: Cleared, Level, Subdivided
Details
- Additional structures: None
- Parcel number: 0529507000
- Zoning description: Residential
- Other equipment: Dish TV
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Shingle Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1998
- Major remodel year: 2007
Utilities & green energy
- Water: Private
Community & HOA
Community
- Features: Lake Privileges, Pets Allowed
- Security: Smoke Detector(s)
- Subdivision: Silver Pines Resort
HOA
- Services included: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $397,200
- Annual tax amount: $7,629
- Price range: $445K - $445K
- Date on market: 7/11/2025
- Cumulative days on market: 76 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash,VA Loan,1031 Exchange
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2025 | Sold | $445,000-3.3%$257/sqft |
Source:  NGLRMLS #1936261 Report a problem | ||
| 7/11/2025 | Listed for sale | $460,000+30.1%$265/sqft |
Source: NGLRMLS #1936261 Report a problem | ||
| 3/30/2025 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/17/2025 | Listed for rent | $1,500-18.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/29/2024 | Listing removed | $1,850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2024 | Listed for rent | $1,850+32.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/8/2024 | Listed for rent | $1,400-22.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/17/2023 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/31/2022 | Sold | $353,650-3.1%$204/sqft |
Source: Agent Provided Report a problem | ||
| 8/30/2022 | Pending sale | $365,000$210/sqft |
Source: NGLRMLS #1903551 Report a problem | ||
| 8/8/2022 | Listed for sale | $365,000+5.8%$210/sqft |
Source: NGLRMLS #1903551 Report a problem | ||
| 7/16/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/14/2022 | Listed for sale | $345,000+76.9%$199/sqft |
Source: Owner Report a problem | ||
| 1/27/2016 | Listing removed | $195,000$112/sqft |
Source: CENTURY 21 Northland #1808241 Report a problem | ||
| 12/28/2015 | Price change | $195,000+1.6%$112/sqft |
Source: CENTURY 21 Northland #1808241 Report a problem | ||
| 11/6/2015 | Price change | $192,000-1.5%$111/sqft |
Source: CENTURY 21 Northland #1808241 Report a problem | ||
| 10/30/2015 | Listed for sale | $195,000+18.2%$112/sqft |
Source: CENTURY 21 Northland #1808241 Report a problem | ||
| 3/28/2014 | Sold | $165,000-5.7%$95/sqft |
Source: Agent Provided Report a problem | ||
| 12/19/2013 | Listed for sale | $174,900-2.3%$101/sqft |
Source: EXIT REALTY PARAMOUNT #1779237 Report a problem | ||
| 9/2/2012 | Listing removed | $179,000$103/sqft |
Source: BAYSHORE GROUP REALTY #1736634 Report a problem | ||
| 6/2/2012 | Listed for sale | $179,000-5.3%$103/sqft |
Source: The Bayshore Group, LLC Report a problem | ||
| 3/3/2012 | Listing removed | $189,000$109/sqft |
Source: Keller Williams - Greater Grand Traverse #1729266 Report a problem | ||
| 8/2/2011 | Listed for sale | $189,000+845%$109/sqft |
Source: Keller Williams - Greater Grand Traverse #1729266 Report a problem | ||
| 12/4/1998 | Sold | $20,000+42.9%$12/sqft |
Source: Agent Provided Report a problem | ||
| 8/16/1996 | Sold | $14,000$8/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,629 +5% | $198,600 +7% |
| 2024 | $7,264 +60% | $185,600 +14.6% |
| 2023 | $4,539 +3.4% | $162,000 +40% |
| 2022 | $4,391 +1.1% | $115,700 +5.2% |
| 2021 | $4,344 | $110,000 +5.4% |
| 2020 | -- | $104,400 +8.1% |
| 2019 | -- | $96,600 -5% |
| 2018 | -- | $101,700 +10.7% |
| 2017 | -- | $91,900 +2.7% |
| 2016 | -- | $89,500 +28.6% |
| 2014 | -- | $69,600 -8.9% |
| 2012 | -- | $76,400 +22.4% |
| 2011 | -- | $62,400 -0.8% |
| 2010 | -- | $62,900 -20.2% |
| 2009 | -- | $78,800 -0.8% |
| 2008 | -- | $79,460 +13.6% |
| 2007 | -- | $69,930 +55.4% |
| 2005 | -- | $45,000 +7.3% |
| 2004 | -- | $41,940 +19.7% |
| 2003 | -- | $35,040 +0.6% |
| 2002 | -- | $34,840 +10.9% |
| 2001 | -- | $31,410 +25.5% |
| 2000 | -- | $25,020 |
Find assessor info on the county website
Neighborhood: 49685
Nearby homes
- $456,8003 bd2 ba1.3k sqft1400 N Lake Dr, Traverse City, MI 49685Off Market
- $366,0004 bd2 ba1.3k sqft1400 Lake Dr, Traverse City, MI 49685Off Market
- $302,3002 bd1 ba959 sqft1401 Valley Dr, Traverse City, MI 49685Off Market
- $336,4004 bd3 ba2.3k sqft1350 Lake Ridge Dr, Traverse City, MI 49685Off Market
- $309,0004 bd2 ba1.6k sqft1408 Lake Dr, Traverse City, MI 49685Sold
- $705,0003 bd2 ba1.9k sqft1381 Lake Dr, Traverse City, MI 49685Off Market
- $95,800-- bd-- ba-- sqftValley Dr, Traverse city, MI 49685Off Market
- $373,0003 bd2 ba1.2k sqft1413 Valley Dr, Traverse City, MI 49684Off Market
Nearby schools
GreatSchools rating
- 8/10Central Grade SchoolGrades: PK-7Distance: 4.6 mi
- 8/10West Senior HighGrades: 9-12Distance: 2.8 mi
- 8/10West Middle SchoolGrades: 6-8Distance: 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$454,800
2% more
+$9,096
With Zillow Showcase(estimated)
$463,896
- Michigan
- Grand Traverse County
- Traverse City
- 49685
- 1390 Lake Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Traverse City Topics
