4323 Balsam Cir, Traverse City, MI, 49696
About This Home
Set on just over a half acre with a gentle slope to the water, this rare Spider Lake offering features over 220 feet of pristine sandy bottom frontage on one of the most desirable stretches of shoreline on the entire lake. Set in a region known for four seasons of outdoor adventure and only minutes from the energy of downtown Traverse City, this property is a place to gather, unwind, and create lasting memories for generations. The setting is ideal for swimming, boating, and enjoying the quiet beauty of Northern Michigan lake life, with direct access to one of the area’s most sought after inland lakes. The existing cabin offers 2 bedrooms and 1 bathroom, all on the main floor, along with a lakeside-facing back deck that captures the natural surroundings and water views. A detached 2 car garage provides additional storage for lake toys, vehicles, and gear. Located near premier recreation destinations including the Vasa Trails, this property blends privacy with unmatched access to year round outdoor activities. An exceptional opportunity to enjoy the cottage as it is, update and expand the existing structure, or design and build your dream lakefront home on one of Spider Lake’s premier parcels.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1956
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Frame,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Washer,Dryer
- Laundry features: Main Level
Basement
- Basement: Crawl Space
Bedroom2
- Level: Main
- Area: 114.84
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 179.4
Features
- Cathedral Ceiling(s),Beamed Ceilings,Paneling,Ceiling Fan(s),High Speed Internet
- Window features: Blinds,Drapes,Curtain Rods
- Flooring: Carpet,Vinyl
- Fireplace features: Wood Burning,Stove
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 776
Heating
- Heating features: Forced Air,Wall Furnace,Natural Gas
Interior Area
- Total structure area: 776
- Total interior livable area: 776 sqft
Kitchen
- Level: Main
- Area: 86.86
Living Room
- Level: Main
- Area: 152.55
Master Bathroom
- Features: None
Master Bedroom
- Level: Main
- Area: 112.52
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0361005700
- Zoning description: Residential
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: All Sports,Sandy Bottom,Lake
- Waterbody name: Spider Lake
- Frontage type: Waterfront
- Frontage length: 230
Lot
- Lot size: 0.55 Acres
- Features: Sloped,Metes and Bounds
- Lot size dimensions: Irregular - See Docs
Parking
- Total spaces: 2
- Parking features: Detached,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 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 | $3,868 | $46,416 |
| Home Insurance * | $172 | $2,064 |
| Property Taxes | $508 | $6,096 |
| Electricity | $188 | $2,259 |
| Total | $4,736 | $56,832 |
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 |
|---|---|---|
| 2026-08-08 | Price change | $685,000 |
| 2026-07-27 | Price change | $765,000 |
| 2026-06-26 | Listed for sale | $850,000 |
View on Zillow