788 E Traverse Lake Rd, Cedar, MI, 49621
About This Home
LITTLE TRAVERSE LAKE – The quintessential lakeside retreat. This masterfully crafted 4,200-square-foot residence features three bedrooms, two and a half bathrooms, and generous living spaces inside and out. Completed in 2006 of UP-sourced pine, the home has been meticulously preserved as a seasonal escape by its original owners. The timeless materials honor the spirit of Northern Michigan: rich maple floors, slate tile, custom cherry cabinetry, and pine trim and doors —all shielded by a lifetime-warranted metal roof. The main living areas flow seamlessly toward the waterfront, while the lower-level family room features a full wet bar and walk-out access directly to the lakeside lawn. The property boasts 135 feet of sandy frontage with sought-after southern exposure, bathing the property in all-day sun and framing striking views across the lake and toward the recently protected Sugar Loaf Mountain. Little Traverse Lake remains one of Leelanau County’s hidden gems—a picturesque, spring-fed, all-sports lake at the base of Good Harbor Bay. Positioned equidistant to Leland and Glen Arbor, it offers effortless access to the very best of the peninsula. Arrive via a quiet, canopy-lined road where all the acreage across the street is protected National Lakeshore land, offering hiking trails and Lake Michigan beach access just three-quarters of a mile away. Desirable amenities round out this exceptional property, including a heated two-car garage with direct dual-floor access, expansive lakeside decks and patios, a sprawling waterside lawn, a 14'x14' garden shed, and a 16kw whole-house generator.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2005
Materials
- Foundation: Block
- Roof: Metal
- Construction materials: Log,Full Log
Type & Style
- Home type: SingleFamily
- Architectural style: Log Cabin
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Disposal,Dishwasher,Microwave,Water Softener Owned,Washer,Dryer,Water Filtration System,Oven,Cooktop,Exhaust Fan,Gas Water Heater
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Finished Rooms,Egress Windows,Finished,Interior Entry
Bedroom2
- Level: Lower
Bedroom3
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Dining Room
- Level: Main
Family Room
- Level: Lower
Features
- Cathedral Ceiling(s),Wet Bar,Pantry,Granite Bath Tops,Granite Counters,Solid Surface Counters,Kitchen Island,Mud Room,Ceiling Fan(s),Cable TV,High Speed Internet
- Window features: Blinds
- Flooring: Wood,Tile,Carpet
- Fireplace features: Gas,Wood Burning
- Fireplace: Yes
- Finished area below ground: 1,787
- Finished area above ground: 2,503
Heating & Cooling
- Heating features: Forced Air,Natural Gas,Fireplace(s)
- Cooling features: Central Air
Interior Area
- Total structure area: 4,290
- Total interior livable area: 4,290 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bathroom
- Features: Private
Master Bedroom
- Level: Main
- Area: 238
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 4500301105500
- Zoning description: Residential,Outbuildings Allowed
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Patio,Covered
- Exterior features: Sprinkler System,Rain Gutters,Dock
- Has view: Yes
- View description: Water
- Water view: Water
- On waterfront: Yes
- Waterfront features: Inland Lake,All Sports,Sandy Bottom,Vegetation to Water Edge,Lake
- Waterbody name: Little Traverse Lake
- Frontage type: Waterfront
- Frontage length: 135
Lot
- Lot size: 1.12 Acres
- Features: Wooded-Hardwoods,Level,Landscaped,Metes and Bounds
- Lot size dimensions: 135' x 398' x 130' x 360'
Parking
- Total spaces: 2
- Parking features: Attached,Garage Door Opener,Heated Garage,Concrete Floors,Concrete,Gravel,Private
- Has garage: Yes
- Attached garage spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Leelanau County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,882 | $142,584 |
| Home Insurance * | $528 | $6,336 |
| Property Taxes | $2,406 | $28,872 |
| Electricity | $467 | $5,615 |
| Total | $15,283 | $183,396 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $2,350,000 |
| 1998-09-25 | Sold | $225,000 |
For Sale by Agent
View on Zillow