You dream about living on the water... that place where you get to enjoy the beauty of water views from every room... where you can open the windows and feel the warm breeze sweep in along with the sounds of water, children laughing and playing, boats pulling tubers & skiers. Where some of the hardest decisions are to put the cover on the boat for the night or instead go out for a golden-hour cruise. 5163 Silver Cove Drive is that place... and more. Resting on the shores of one of the most in-demand lakes in the Traverse City area... Silver Lake, is known for its proximity to downtown TC and all-sports fun that is easy to have on its nearly 600 acres of sandy bottom and crystal clear blue waters. One thing that makes this home so special is that it is in a neighborhood... so having community and friendship, for kids and adults alike, is not an if but a when. It's important to have space when you live on the lake... visitors will come. The main house offers 5 bedrooms (2 upstairs, 3 downstairs) and 3 bathrooms (2 upstairs, 1 downstairs). There's multiple living spaces and it's all been renovated top-to-bottom. The walkout basement is a must! The fun is just outside that sliding door. Guests LOVE staying in their very own private apartment and the nearly 700 sq ft space above the secondary detached garage is just right. They can cook, sleep, do laundry and hangout all in their very own quarters. Be sure to leave a chocolate on the pillows! Don't worry, your toys have plenty of space as well. The attached oversized garage with tall ceilings provides ample space for cars and toys and the secondary garage will fit many types of boats and is a great space for a workshop. This one is a must see in person... set up your showing today and start living your best life!
Sold for $1,400,000
$1,400,000
5163 Silver Cove Dr, Traverse City, MI 49685
5beds
2,564sqft
Single Family Residence
Built in 1989
0.84 Acres Lot
$1,446,700 Zestimate®
$546/sqft
$3,362 Estimated rent
Home value
$1,446,700
$1.30M - $1.61M
$3,362/mo
Zestimate® history
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List your homeWhat's special
Private apartmentWalkout basementOversized garageRenovated top-to-bottomWarm breeze
Zillow last checked:
Listing updated:
Listed by:
Erika Nita 231-631-2946,
@properties Christie's Int'l 231-642-2363
Bought with:
Donald Fedrigon, 6502117560
REMAX Of Elk Rapids
Source: NGLRMLS,MLS#: 1934848
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 201.89
- Dimensions: 15.33 x 13.17
Bedroom 2
- Level: Main
- Area: 146.67
- Dimensions: 13.75 x 10.67
Bedroom 3
- Level: Lower
- Area: 190.07
- Dimensions: 13.42 x 14.17
Bedroom 4
- Level: Lower
- Area: 166.59
- Dimensions: 13.42 x 12.42
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Area: 80.49
- Dimensions: 7.92 x 10.17
Kitchen
- Level: Main
- Area: 144.88
- Dimensions: 14.25 x 10.17
Living room
- Level: Main
- Area: 498.31
- Dimensions: 29.75 x 16.75
Heating
- Forced Air, Natural Gas, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Water Purifier
- Laundry: Lower Level
Features
- Cathedral Ceiling(s), Entrance Foyer, Walk-In Closet(s), Pantry, Granite Counters, Kitchen Island, Cable TV, WiFi
- Windows: Blinds, Drapes, Curtain Rods
- Basement: Walk-Out Access,Egress Windows,Finished
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,564
- Total interior livable area: 2,564 sqft
- Finished area above ground: 1,424
- Finished area below ground: 1,140
Property
Parking
- Total spaces: 4
- Parking features: Attached, Concrete Floors, Asphalt, Concrete, Private
- Attached garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio, Porch
- Exterior features: Sprinkler System, Rain Gutters, Dock
- Has view: Yes
- View description: Bay, Water
- Has water view: Yes
- Water view: Water,Bay
- Waterfront features: Inland Lake, All Sports, Sandy Bottom
- Body of water: Silver Lake
- Frontage type: Waterfront
- Frontage length: 61
Lot
- Size: 0.84 Acres
- Dimensions: 60.52 x 603.14
- Features: Level, Rolling Slope, Landscaped, Metes and Bounds
Details
- Additional structures: Shed(s), Second Garage
- Parcel number: 0528303700
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding, Stone
- Foundation: Wood
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1989
- Major remodel year: 2020
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Subdivision: Silver Cove
HOA
- Services included: None
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $546/sqft
- Tax assessed value: $1,001,600
- Annual tax amount: $4,615
- Price range: $1.4M - $1.4M
- Date on market: 6/7/2025
- Cumulative days on market: 121 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 |
|---|---|---|
| 10/6/2025 | Sold | $1,400,000-13.8%$546/sqft |
Source:  NGLRMLS #1934848 Report a problem | ||
| 8/28/2025 | Price change | $1,625,000-7.1%$634/sqft |
Source: NGLRMLS #1934848 Report a problem | ||
| 8/11/2025 | Price change | $1,750,000-5.4%$683/sqft |
Source: NGLRMLS #1934848 Report a problem | ||
| 7/2/2025 | Price change | $1,850,000-5.1%$722/sqft |
Source: NGLRMLS #1934848 Report a problem | ||
| 6/7/2025 | Listed for sale | $1,950,000$761/sqft |
Source: NGLRMLS #1934848 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,615 +3.5% | $500,800 +21.4% |
| 2024 | $4,460 +4.2% | $412,400 +27.3% |
| 2023 | $4,282 +3.4% | $324,000 +14.2% |
| 2022 | $4,142 +0.9% | $283,600 +3.3% |
| 2021 | $4,106 | $274,500 +41.6% |
| 2020 | -- | $193,900 -14.8% |
| 2019 | -- | $227,600 -2.1% |
| 2018 | -- | $232,600 +7.3% |
| 2017 | -- | $216,800 +25.8% |
| 2016 | -- | $172,400 +23.3% |
| 2014 | -- | $139,800 -22.1% |
| 2012 | -- | $179,400 |
| 2011 | -- | $179,400 -1.1% |
| 2010 | -- | $181,400 -6.1% |
| 2009 | -- | $193,200 -8.9% |
| 2008 | -- | $212,160 +13.9% |
| 2007 | -- | $186,250 +13% |
| 2005 | -- | $164,790 +9.1% |
| 2004 | -- | $151,090 +17.5% |
| 2003 | -- | $128,630 +5% |
| 2002 | -- | $122,540 +4.9% |
| 2001 | -- | $116,840 +11.7% |
| 2000 | -- | $104,570 |
Find assessor info on the county website
Neighborhood: 49685
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Nearby schools
GreatSchools rating
- 8/10Central Grade SchoolGrades: PK-7Distance: 4.7 mi
- 8/10West Senior HighGrades: 9-12Distance: 3 mi
- 8/10West Middle SchoolGrades: 6-8Distance: 3.1 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
- 49685
- 5163 Silver Cove Dr
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