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4860 Meadowlark Ln, Traverse City, MI, 49685

3beds
2baths
1,582sqft
$399,900
$253price/sqft
$2,578/moest. monthly cost
$103,120/yrincome needed

About This Home

Move-In Ready New Construction in Traverse City | Open-Concept Living + Prime Location Welcome to this beautifully designed 3-bedroom, 2-bath home offering the perfect blend of modern finishes, functional layout, and unbeatable location in the heart of Northern Michigan. Step inside to discover a bright, open-concept floor plan with seamless flow between the kitchen, dining, and living areas—ideal for entertaining or everyday living. The finished lower-level family room adds flexible living space perfect for a media room, home office, or guest suite. Enjoy quality craftsmanship throughout, paired with energy-efficient construction designed to keep utility costs low and comfort high. *Location Highlights Minutes from the shores of Grand Traverse Bay Close to the wineries of Old Mission & Leelanau Peninsulas Easy access to downtown shopping, dining, and year-round events Near golf courses, hiking trails, skiing & snowshoeing * Home Features * Move-in ready new construction * Open floor plan with modern design * Finished lower-level bonus living space * Spacious 2-car garage * Private backyard setting * Energy-efficient for long-term savings Relax in your peaceful backyard retreat while staying close to everything that makes Traverse City one of Michigan’s most desirable destinations. Whether you're searching for a primary residence, vacation home, or investment property, this home checks all the boxes.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 2025

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Full bathrooms: 2

Property

Lot

  • Lot size: 0.26 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached,Asphalt
  • 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
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Winter Weather
Lightning
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters in Grand Traverse County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$89$1,068
Property Taxes $279$3,348
Electricity $188$2,259
Total$2,578$30,936
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,388/yr
40% on housing$77,340/yr
45% on housing$68,746/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 2.8%
2.8%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$253This listing

vs Other Active Listings

Avg $/sqft

ZIP 49685$269
Grand Traverse County$306

vs Homes Sold Last Month

Median $/sqft

ZIP 49685$303
Grand Traverse County$238

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

No price history available

New Construction

AgentStephanie Flor
BrokerageREO-TCRandolph-233022

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