504 S East Silver Lake Rd, Traverse City, MI, 49685
About This Home
Now ready for summer on Silver Lake, this exceptional Traverse City waterfront home offers 162 feet of private frontage on 1.47 acres and the kind of setting buyers wait for. The large lakefront lawn is made for summer fun, with plenty of space for yard games, gatherings, and evenings by the fire overlooking the water. Silver Lake is a true local favorite, known for its clear water, beautiful sunsets, abundant wildlife, and the scenic islands, coves, and inlets that make every boat ride, paddle, or fishing trip feel like an adventure. Inside, the home was designed to make the most of lake living, with an open main level, engineered white oak floors, and a stunning award-winning kitchen recognized as the 2023 Parade of Homes Best Kitchen. The main floor primary suite and laundry add everyday convenience, while the finished walkout lower level offers additional bedrooms and a spacious living area that works well for guests, game days, or summer weekends with family and friends. Control4 technology gives you easy command of lighting, audio, TVs, and more from your phone, whether you are at home or away. Located just minutes from downtown Traverse City, this is a rare opportunity to enjoy private waterfront living with dining, shopping, and everything TC has to offer close by.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Materials
- Foundation: Insulated Concrete Panels
- Roof: Asphalt
- Construction materials: Frame,Cement Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch,Contemporary,Farm House
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Water Softener Owned,Washer,Dryer,Water Filtration System,Exhaust Fan,Water Purifier,Gas Water Heater,Humidifier
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Walk-Out Access,Finished
Bedroom2
- Level: Main
Bedroom3
- Level: Main
Bedroom4
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Dining Room
- Level: Main
Family Room
- Level: Lower
Features
- Entrance Foyer,Walk-In Closet(s),Wet Bar,Pantry,Solid Surface Counters,Kitchen Island,Vaulted Ceiling(s),Ceiling Fan(s),Cable TV,High Speed Internet,WiFi
- Window features: Blinds,Drapes
- Flooring: Wood,Luxury Vinyl Plank,Carpet
- Fireplace features: Gas
- Fireplace: Yes
- Finished area below ground: 2,064
- Finished area above ground: 2,201
Heating & Cooling
- Heating features: Forced Air,Natural Gas,Fireplace(s)
- Cooling features: Central Air,Zoned
Interior Area
- Total structure area: 4,265
- Total interior livable area: 4,265 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bathroom
- Features: Private
Master Bedroom
- Level: Main
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0200503400
- Zoning description: Residential
Features
- Patio & porch: Deck,Patio,Covered
- Exterior features: Sprinkler System,Sidewalk,Rain Gutters,Dock
- Has view: Yes
- View description: Water
- Water view: Water
- On waterfront: Yes
- Waterfront features: Inland Lake,All Sports,Vegetation to Water Edge,Lake
- Waterbody name: Silver Lake
- Frontage type: Waterfront
- Frontage length: 162
Lot
- Lot size: 1.47 Acres
- Features: Level,Sloped,Landscaped,Metes and Bounds
- Lot size dimensions: 162 x 367 x 150 x 473
Parking
- Total spaces: 3
- Parking features: Attached,Garage Door Opener,Paved,Heated Garage,Concrete Floors,Asphalt,Concrete,Private
- Has garage: Yes
- Attached garage spaces: 3
- Has uncovered spaces: Yes
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 Grand Traverse 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 | $11,503 | $138,036 |
| Home Insurance * | $510 | $6,120 |
| Property Taxes | $3,572 | $42,864 |
| Electricity | $465 | $5,582 |
| Total | $16,050 | $192,600 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-15 | Listed for sale | $2,500,000 |
| 2021-07-12 | Sold | $250,000 |
| 2021-06-04 | Pending sale | $279,000 |
| 2021-05-26 | Listed for sale | $279,000 |
| 2021-05-21 | Pending sale | $279,000 |
| 2020-07-27 | Price change | $279,000 |
| 2019-08-01 | Listed for sale | $289,000 |
For Sale by Agent
View on Zillow