1390 Lake Drive
Traverse City, MI 49685
Map
- 3 beds
- 2 baths
- 1,734 sqft
- 11,326 sqft lot
- $265 per sqft
- 1998 build
- – on site
Welcome to 1390 Lake Drive, a versatile and inviting property nestled near the shores of Silver Lake in Traverse City. This 3-bedroom, 2-bath home offers 1,734 square feet of living space and includes 50 feet of shared waterfront access—perfect for enjoying the best of Northern Michigan lake life. Currently configured as two separate living units, the home provides a unique opportunity for multi-generational living, rental income, or a seamless return to a single-family layout. The main level unit features two spacious bedrooms and one full bathroom, along with a comfortable living area and easy access to the yard. The upper-level unit includes a private entrance, a cozy sitting area on the main floor and a charming upstairs space complete with a bedroom, full kitchen, and family room. Whether you’re looking for an investment property, vacation retreat, or full-time residence with flexible living arrangements, this Silver Lake gem is full of potential.
Last checked:
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Last updated Jul 12, 2025
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MLS# 1936261 —
This home is listed in more than one place. See it here.
The Building
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Construction:frame
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Style:1.5 story, in-law suite/apartment
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Roof:asphalt
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Foundation:crawl space
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Exterior Finish:Shingle
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Barrier Free Design:Covered Entrance
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Eco Features:no
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SqFt:1734
Interior
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Features:Beamed Ceilings, Drywall
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Laundry on:Main Floor
Financial & Terms
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Terms:Conventional, Cash, Veterans/VA, 1031 Exchange
Location
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Latitude:44.706857
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Longitude:-85.682668
The Property
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Parcel Description:subdivision
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Lot Dimensions:104 X 111
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Land Features:Cleared, Level
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Acres:0.26
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Zoning:Residential
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Exterior Features:Balcony, Deck, Porch
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Deeded Waterfront:yes
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Water Features:all sports, public lake
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Body Of Water:Silver Lake
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Road:public maintained, blacktop
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Mineral Rights:Unknown
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Price Per SqFt:265.28
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (231) 922-2350
Taxes
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Tax ID:05-295-070-00
Beds
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1st Bedroom on:Main Floor
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2nd Bedroom on:Main Floor
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3rd Bedroom on:Upper Floor
Baths
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Master Bath:shared
Heating & Cooling
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Fireplace/Stove:Fireplace(s), Gas
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Heating & Cooling:Forced Air
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Heating & Cooling Source:natural gas
Utilities
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Water:Private Well
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Sewer:Holding Tank/Pump & Haul
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TV Service/Internet:Cable TV, DSL, Dish TV, WiFi
Appliances
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Appliances:Refrigerator, Oven/Range, Washer, Dryer, Smoke Alarms(s)
Schools
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School District:Traverse City Area Public Schools
The Community
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Subdivision:MI
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Amenities:Lake Privileges, Pets Allowed
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Association Fee Includes:None
Parking
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Primary Garage:none
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Driveway:Gravel, Dirt, Private
Extra Units
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Additional Buildings:none
Monthly cost estimate
Asking price
$460,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,463
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| Taxes | N/A |
| Insurance | $126 |
| Utilities | $158 See report |
| Total | $2,747/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/11/25
Jul 11, 2025
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Listed / Active | NGLRMLS | $460,000 | 30.1% (10.5% / YR) |
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8/31/22
Aug 31, 2022
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REALCOMP | $353,650 | -3.1% | |
|
8/29/22
Aug 29, 2022
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NGLRMLS | $365,000 |
