Skip main navigation
Active
  • $365,000

    5157 Highland Dr, Traverse City, MI 49685

    2beds
    1,056sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1969
    0.35 Acres Lot
    $348,800 Zestimate®
    $346/sqft
    $-- HOA

    What's special

    Chain-link fenced yardBonfire pitStorage shedUpdated showerPaver patioWoodstove fireplace insertRefinished kitchen cabinets
    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.
    12 days
    |
    1,038
    |
    79
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lance E Engel 616-791-1500,

    Five Star Real Estate (Main) 616-791-1500

    Source: MichRIC,MLS#: 26034839MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      • Main level bedrooms: 2
      Heating
      • Baseboard
      Appliances
      • Included: Dryer, Microwave, Range, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
      Features
      • Flooring: Laminate, Tile
      • Basement: Crawl Space
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 1,056
      • Total interior livable area: 1,056 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Garage spaces: 2
      Features
      • Stories: 1
      • Fencing: Chain Link
      • Waterfront features: Lake
      • Body of water: Silver Lake
      Lot
      • Size: 0.35 Acres
      • Dimensions: 210 x 152 x 135 x 49
      • Features: Level, Shrubs/Hedges
      Details
      • Additional structures: Shed(s)
      • Parcel number: 0505005400
      • Zoning description: Residential-Imp

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Aluminum Siding
      • Roof: Composition,Shingle
      Condition
      • New construction: No
      • Year built: 1969

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Location
      • Region: Traverse City

      Financial & listing details

      • Price per square foot: $346/sqft
      • Tax assessed value: $91,646
      • Annual tax amount: $3,991
      • Date on market: 7/9/2026
      • Listing terms: Cash,FHA,MSHDA,Conventional
      • Road surface type: Paved

        Estimated market value

        $348,800

        $331,000 - $366,000

        $1,985/mo

        Price history

        DateEventPrice
        7/9/2026Listed for sale$365,000+116.1%$346/sqft
        Source: MichRIC #26034839 Report a problem
        10/18/2019Sold$168,900$160/sqft
        Source: NGLRMLS #1866930 Report a problem
        9/3/2019Listed for sale$168,900+53.5%$160/sqft
        Source: Coldwell Banker Schmidt-402 #1866930 Report a problem
        6/29/2004Sold$110,000$104/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,882 +5%$128,000 +14.1%
        2024$3,697 +74.1%$112,200 +16.6%
        2023$2,124 +3.4%$96,200 +9.4%
        2022$2,053 -4.5%$87,900 +15.7%
        2021$2,151 $76,000 -4%
        2020-- $79,200 +16.5%
        2019-- $68,000 +4.6%
        2018-- $65,000 -0.3%
        2017-- $65,200 +2%
        2016-- $63,900 +5.8%
        2014-- $60,400 +20.9%
        2012-- $49,950 -22.8%
        2011-- $64,700 -0.6%
        2010-- $65,100 -1.2%
        2009-- $65,900 +13%
        2008-- $58,330 -0.8%
        2007-- $58,790 +6.5%
        2005-- $55,220 +6.2%
        2004-- $51,990 +8.6%
        2003-- $47,880 +2.9%
        2002-- $46,550 +9.4%
        2001-- $42,560 +3.3%
        2000-- $41,190
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49685

        Getting around

        0 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes