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. A SCHEDULED SHOWING IS REQUIRED TO VIEW THIS PROPERTY.
Active
Price cut: $15.1K (7/27)
$349,900
5157 Highland Dr, Traverse City, MI 49685
2beds
1,056sqft
Single Family Residence
Built in 1969
0.35 Acres Lot
$340,400 Zestimate®
$331/sqft
$-- HOA
What's special
Chain-link fenced yardBonfire pitStorage shedUpdated showerPaver patioWoodstove fireplace insertRefinished kitchen cabinets
- 58 days
- 1,431
- 88
Zillow last checked:
Listing updated:
Listed by:
Lance E Engel 616-791-1500,
Five Star Real Estate (Main) 616-791-1500
Source: MichRIC,MLS#: 26034839
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: $331/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
$340,400
$323,000 - $357,000
$1,981/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $349,900-4.1%$331/sqft |
Source: | ||
| 7/9/2026 | Listed for sale | $365,000+116.1%$346/sqft |
Source: | ||
| 10/18/2019 | Sold | $168,900$160/sqft |
Source: | ||
| 9/3/2019 | Listed for sale | $168,900+53.5%$160/sqft |
Source: Coldwell Banker Schmidt-402 #1866930 Report a problem | ||
| 6/29/2004 | Sold | $110,000$104/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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




