For Sale
5157 Highland Drive, Traverse City, MI 49685
$365,000
MLS # 26034839 (Michigan Regional Information Center (MichRIC))
2 beds2 baths1,056 sqftBuilt 19690.35 acres
1 / 31
Listing Description
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
Source: SparkMLS
About this home
2-bedroom, 2-bath, 1,056 sq ft home in Traverse City built in 1969.
Listed at $365,000 (about $346/sq ft).
Property tax estimate: $3,991 per year ($333/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Cherryland Electric Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms2
Living Area1,056 sqft
Lot Size0.35 acres
Year Built1969
Stories1
Location
CityTraverse City
MunicipalityGarfield Twp-GrandTraverse
Zip Code49685
CountyGrand Traverse County
School DistrictTraverse City
Construction & Systems
StyleRanch
ConstructionAluminum Siding
BasementCrawl Space
Garage2 spaces
HeatingBaseboard
WaterWell
SewerSeptic Tank
Sale & Financing
Listed7/8/2026
Terms AcceptedCash, FHA, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,991
Tax Year2025
Assessed Value$91,646
Parcel #05-050-054-00
Source: SparkMLS
Legal Description
LOT 54 EXC BEG WLY COR SD LOT TH N 53DEG 48'E 50' TH S 53DEG 54'30''E 49.07' TH S 89DEG 33'W 80' TO POB BEACON HILLS ESTATE
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Lance E Engel
Five Star Real Estate (Main)
Frequently Asked Questions about 5157 Highland Drive, Traverse City, MI 49685
Which school district serves 5157 Highland Drive, Traverse City, MI 49685?
Per MLS# 26034839, 5157 Highland Drive, Traverse City, MI 49685 is in the Traverse City boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Traverse City directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26034839, this listing accepts Cash, FHA, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5157 Highland Drive, Traverse City, MI 49685?
Per public tax records, annual property taxes for this property are $3,991 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5157 Highland Drive, Traverse City, MI 49685 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 5157 Highland Drive, Traverse City, MI 49685 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 5157 Highland Drive, Traverse City, MI 49685?
Per Michigan Public Service Commission service territory data: Electric: Cherryland Electric Cooperative. Gas: DTE Gas Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Garfield Twp-GrandTraverse police department or the Grand Traverse County County sheriff's office.
Map
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Monthly payment$2,367
Principal & interest$2,367
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Cherryland Electric Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5157 Highland Drive, Traverse City, MI 49685
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