5163 Silver Cove Drive
Traverse City, MI 49685
Map
- 5 beds
- 3 baths
- 2,564 sqft
- ~3/4 acre lot
- $760 per sqft
- 1989 build
- – on site
Private water frontage on one of the most in-demand lakes; a fully remodeled house - top to bottom; in a wonderful neighborhood and just 5 miles from downtown Traverse City... what more could you ask for?! This Silver Lake beauty is new to the market for the very first time. Whether you are looking for a primary residence that provides you the waterfront amenities you long for or you want that vacation home that you have always dreamt about - 5163 Silver Cove Dr. offers a world of fun for owners and guests alike. The 5 bedroom, 3 bathroom home, has an open floor plan consisting of a beautifully finished kitchen with quartz counters and a large island. A spacious living area with unobstructed views of Silver Lake and a fireplace for cozy evenings at home. The composite deck is perfect for entertaining and enjoying lunch, dinner and cocktails with a view. You can not beat the beach area... sandy and well maintained, soak up all the sun and water sports, smore's by the bonfire and so much more. Bring on the guests and the toys... the secondary garage offers 827 sq ft of car, boat and toy storage. It will also house guests in the almost 700 sq ft 1 bedroom, 1 bathroom apartment... full kitchen and lots of room.. privacy and relaxation overflow! Nearly every surface of this house has been updated.. including but not limited to: New Furnace, Windows & AC, Kitchen/cabinets/counters/appliances, RO Water treatment system, filtration & softener. Outside is also a treat - Nature shines! Turtles, foxes, bunnies, swans, eagles, loons will all make friendly appearances. The landscaping is also brag worthy and blanketed in hydrangeas, white pines, honeycrisp and fuji apple trees, juniper, cypress and willow trees - just to name a few! There is a timed water system on over 100 new plants and trees. The heavy lifting has been done - move in and hit the water! (House is 2564 finished sq ft. / secondary garage 827 sq ft of unfinished garage space + 682 sq ft 1 bed / 1 bath apartment.)
Last checked:
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Last updated Jun 7, 2025
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MLS# 1934848 —
This home is listed in more than one place. See it here.
Upcoming Open Houses
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Saturday, 6/14
1:30pm-3:30pm
The Building
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Construction:frame
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Style:ranch, 1 story
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Roof:asphalt
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Foundation:walkout, wood, egress windows, full finished
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Exterior Finish:Vinyl, Stone
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Eco Features:no
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SqFt:2564
Interior
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Features:Cathedral Ceilings, Foyer Entrance, Walk-In Closet(s), Pantry, Granite Kitchen Tops, Island Kitchen
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Laundry on:Lower Floor
Financial & Terms
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Terms:Conventional, Cash, 1031 Exchange
Location
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Latitude:44.70383
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Longitude:-85.680795
The Property
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Principal Residence:yes
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Parcel Description:metes and bounds
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Lot Dimensions:60.52 x 603.14
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Land Features:Rolling
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Acres:0.84
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Zoning:Residential
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Exterior Features:Bay View, Sprinkler System, Deck, Patio, Landscaped, Porch, Gutters
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Additional Building Dimensions:27'7 x 30'9
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Deeded Waterfront:yes
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Water Features:inland lake, all sports, water view, private dock, sandy bottom
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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:760.53
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (231) 642-2363
Taxes
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Tax ID:05-283-037-00
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Summer Taxes:$3,117.49
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Winter Taxes:$1,497.55
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:Lower Floor
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4th Bedroom on:Lower Floor
Baths
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Master Bath:private
The Listing
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Virtual Tour URL 1:https://listings.mivirtualtours.com/videos/019746e9-9d9a-735e-be95-8413351acd09
Heating & Cooling
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Fireplace/Stove:Fireplace(s), Wood
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Heating & Cooling:Forced Air, Central Air
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Heating & Cooling Source:natural gas
Utilities
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Water:Private Well
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Sewer:Private Septic
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TV Service/Internet:Cable TV, WiFi
Appliances
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Appliances:Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Blinds, Drapes, Curtain Rods, Reverse Osmosis
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:None
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Association Fee Includes:None
Parking
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Primary Garage:attached, concrete floors
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Driveway:Blacktop, Concrete, Private
Extra Units
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Additional Buildings:garden/storage shed, secondary garage(s), Accessory Dwelling Unit
Monthly cost estimate
Asking price
$1,950,000
| 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. |
$10,441
|
| Taxes | $384 |
| Insurance | $536 |
| Utilities | $221 See report |
| Total | $11,582/mo.* |
| *This is an estimate |
Air Pollution Index
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/7/25
Jun 7, 2025
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Listed / Active | NGLRMLS | $1,950,000 |
