Opportunity awaits on highly desirable Braemar Drive in Traverse City. Situated on a spacious half-acre lot with over 200 feet of shared water access, this 4-bedroom, 3-bath home offers the perfect combination of location, space, and potential. Inside, you’ll find a functional floor plan with generous living areas and flexible space for family, guests, remote work, or entertaining. Whether you’re looking to personalize your year-round home or invest in a property with strong upside potential, this home presents an exceptional opportunity to make it your own. Enjoy the privacy and elbow room of a larger parcel while being just minutes from downtown Traverse City, beaches, shopping, dining, golf, and endless Northern Michigan recreation. Properties offering this much potential, in such a sought-after location with shared water access, are increasingly hard to find!!
Sold for $500,000
$500,000
1503 Braemar Dr, Traverse City, MI 49686
4beds
1,987sqft
Single Family Residence
Built in 1971
-- sqft lot
$500,400 Zestimate®
$252/sqft
$2,058 Estimated rent
Home value
$500,400
$465,000 - $540,000
$2,058/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kate Reichard Cell:231-645-0885,
Century 21 Northland 231-929-7900
Bought with:
Non Member Office
Aspire North Realtors
Source: NGLRMLS,MLS#: 1941727
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 144.64
- Dimensions: 11.3 x 12.8
Bedroom 2
- Level: Upper
- Area: 128.82
- Dimensions: 11.3 x 11.4
Bedroom 3
- Level: Upper
- Area: 102.6
- Dimensions: 9 x 11.4
Bedroom 4
- Level: Lower
- Area: 120.6
- Dimensions: 13.4 x 9
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 94.05
- Dimensions: 9.5 x 9.9
Family room
- Level: Lower
- Area: 225.85
- Dimensions: 17.11 x 13.2
Kitchen
- Level: Main
- Area: 100.98
- Dimensions: 10.2 x 9.9
Living room
- Level: Main
- Area: 242.5
- Dimensions: 19.4 x 12.5
Heating
- Hot Water, Baseboard, Natural Gas, Fireplace(s)
Appliances
- Included: Refrigerator, Dishwasher, Washer, Dryer
- Laundry: Lower Level
Features
- Bookcases, Entrance Foyer, Breakfast Nook, Mud Room, High Speed Internet, WiFi
- Flooring: Carpet
- Basement: Exterior Entry,Finished Rooms,Interior Entry
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,987
- Total interior livable area: 1,987 sqft
- Finished area above ground: 1,208
- Finished area below ground: 779
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener, Paved, Concrete Floors, Asphalt, Private
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Seasonal View
- Waterfront features: All Sports, Rocky Shoreline, Great Lake, Lake
- Body of water: West Bay
- Frontage length: 220
Lot
- Size: 0.5 Acres
- Dimensions: 155 x 151
- Features: Cleared, Level, Subdivided
Details
- Additional structures: None
- Parcel number: 1144003100
- Zoning description: Residential
- Other equipment: TV Antenna
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Frame, Aluminum Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Subdivision: Braemar Estates
HOA
- Services included: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $252/sqft
- Tax assessed value: $144,423
- Annual tax amount: $6,647
- Price range: $500K - $500K
- Date on market: 1/16/2026
- Cumulative days on market: 153 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash,FHA,VA Loan,1031 Exchange
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $500,000-8.3%$252/sqft |
Source:  NGLRMLS #1941727 Report a problem | ||
| 5/8/2026 | Price change | $545,000-0.9%$274/sqft |
Source: NGLRMLS #1941727 Report a problem | ||
| 1/16/2026 | Listed for sale | $550,000-56%$277/sqft |
Source: NGLRMLS #1941727 Report a problem | ||
| 1/1/2026 | Listing removed | $1,250,000$629/sqft |
Source: NGLRMLS #1935295 Report a problem | ||
| 6/17/2025 | Listed for sale | $1,250,000$629/sqft |
Source: NGLRMLS #1935295 Report a problem | ||
| 6/2/2025 | Listing removed | $1,250,000$629/sqft |
Source: NGLRMLS #1930876 Report a problem | ||
| 2/15/2025 | Listed for sale | $1,250,000$629/sqft |
Source: NGLRMLS #1930876 Report a problem | ||
| 2/15/2025 | Listing removed | $1,250,000$629/sqft |
Source: NGLRMLS #1927348 Report a problem | ||
| 9/19/2024 | Listed for sale | $1,250,000$629/sqft |
Source: NGLRMLS #1927348 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,647 +74.7% | $290,000 +3.6% |
| 2024 | $3,805 +5% | $280,000 +36.5% |
| 2023 | $3,623 +7.1% | $205,100 +14.8% |
| 2022 | $3,382 +1% | $178,700 +3.8% |
| 2021 | $3,348 -0.5% | $172,200 +10% |
| 2020 | $3,366 | $156,500 +19.1% |
| 2019 | $3,366 +1.9% | $131,400 +5.4% |
| 2018 | $3,302 | $124,700 +1.1% |
| 2017 | -- | $123,400 +1.1% |
| 2016 | -- | $122,000 -1.9% |
| 2014 | -- | $124,300 -14.6% |
| 2012 | -- | $145,600 +4.7% |
| 2011 | -- | $139,100 -13.2% |
| 2010 | -- | $160,200 +1.6% |
| 2009 | -- | $157,700 -6.4% |
| 2008 | -- | $168,400 +1.2% |
| 2007 | -- | $166,400 +4.4% |
| 2005 | -- | $159,400 +5.8% |
| 2004 | -- | $150,723 +6.5% |
| 2003 | -- | $141,461 +6.6% |
| 2002 | -- | $132,752 +5.9% |
| 2001 | -- | $125,378 +28.4% |
| 2000 | -- | $97,653 |
Find assessor info on the county website
Neighborhood: 49686
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Nearby schools
GreatSchools rating
- 7/10Eastern Elementary SchoolGrades: PK-5Distance: 6.8 mi
- 7/10Central High SchoolGrades: 8-12Distance: 6.9 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 10.5 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
- 49686
- 1503 Braemar Dr
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