#1934525, Stacy Allman, Listing office: MI Properties North Real Estate Group
$460,000 List price
1390 Lake Dr Traverse City, MI 49685
3 beds
2 baths
1,734 sqft
0.3 acres
$265 / sqft
House
Property details
About 1390 Lake Dr
Welcome to 1390 Lake Drive, a versatile and inviting property nestled near the shores of Silver Lake in Traverse City. This 3-bedroom, 2-bath home offers 1,734 square feet of living space and includes 50 feet of shared waterfront access—perfect for enjoying the best of Northern Michigan lake life. Currently configured as two separate living units, the home provides a unique opportunity for multi-generational living, rental income, or a seamless return to a single-family layout. The main level unit features two spacious bedrooms and one full bathroom, along with a comfortable living area and easy access to the yard. The upper-level unit includes a private entrance, a cozy sitting area on the main floor and a charming upstairs space complete with a bedroom, full kitchen, and family room. Whether you’re looking for an investment property, vacation retreat, or full-time residence with flexible living arrangements, this Silver Lake gem is full of potential.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
(New)
(New)
Size1,734 sqft
Lot size0.26 Acres
Year built1998
ParkingGravel,Dirt,Private, None
MLS #1936261
WaterfrontAll Sports, Public Lake
FireplaceFireplace(s), Gas
Summary
- Appliances: Refrigerator, Oven/Range, Washer, Dryer
- Interior: Beamed Ceilings, Drywall
- Fireplace: Fireplace(s), Gas
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Gravel,Dirt,Private, None
- Waterfront: All Sports, Public Lake
- Exterior: Balcony,Deck,Porch, Shingle
- Architectural Style: 1.5 Story, In-Law Suite or Apartment
- Heating: Forced Air
- List Price: $460,000
- Price/SqFt: $265
- Annual Tax Amount: $7,261
- Tax Year: 2024
- Lot: Cleared, Level
- Directions: E. Silver Lake Road to Silver Pines, West towards the lake. Left on Lake Drive. Home will be on your left.
- Year Built: 1998
- Living Area: 1,734 SqFt
- Lot Size: 0.26 Acres
- MLS Number: 1936261
- MLS Name: TAAR
- Office Name: Coldwell Banker Schmidt Traver
- Office Phone: (231) 218-4463
- Listing Agent: Karen Schmidt
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 6:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $185,600 | $7,261 |
| 2023 | $110,000 | $- |
| 2022 | $115,700 | $- |
| 2021 | $110,000 | $- |
| 2020 | $104,400 | $- |
| 2019 | $96,600 | $- |
| 2018 | $101,700 | $- |
| 2017 | $91,900 | $- |
History based on county public records data.
Nearby schools
4
Silver Lake Elementary School
Public District PK-5
0.9 mi
•5858 Culver Rd
3
Blair Elementary School
Public District PK-5
3.1 mi
•1625 Sawyer Rd
5
Long Lake Elementary School
Public District PK-5
3.6 mi
•7600 N Long Lake Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,961. The majority of Traverse City, MI residents have income between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
34%
<35k
53%
35k-100k
10%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
33%
Single, No Kids
12%
Single, with Kids
34%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
44%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
NASCAR
PGA/LPGA
Where do the neighbors shop?
Academy Sports & Outdoors
Dick's Sporting Goods
Stein Mart
Where do the neighbors go to eat?
Little Caesars
Arbys
Bob Evans
What do the neighbors drive?
Chevrolet
GMC
Lincoln
What do the neighbors listen to?
Country
Adult Hits
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1390 Lake Dr
The listing price of 1390 Lake Dr property is $460,000.
The property 1390 Lake Dr is a house located in Traverse City, Michigan, 49685.
Active Listing: 1390 Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1390 Lake Dr are: Silver Lake Elementary School (GreatSchools Rating 4/10), Blair Elementary School (GreatSchools Rating 3/10), Long Lake Elementary School (GreatSchools Rating 5/10), Traverse City West Middle School (GreatSchools Rating 7/10), Tcaps Montessori School (GreatSchools Rating 9/10), Traverse City East Middle School (GreatSchools Rating 6/10), West Senior High School (GreatSchools Rating 8/10), The Greenspire School (GreatSchools Rating 6/10), Central High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $7,261 (source: MLS/based on county public records data).
The property at 1390 Lake Dr has 3 bedrooms and 2 bathrooms.
The property 1390 Lake Dr is 1,734 SqFt (source: MLS/tax record).
The year of construction for 1390 Lake Dr is 1998.
This home is located at 1390 Lake Dr in Traverse City, MI and zip code 49685. This 1,734 square foot home, which was built in 1998, sits on a 0.26 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $460,000.
Over 28 listings were sold over their listed price in June 2025 in Traverse City, MI. In the same period over 56 listings were sold below the listed price and 34 listings were sold for the listed price. The number of listings in Traverse City, MI increased by 12.7% between May and June 2025. The median list price of listings available in June 2025 was $445,000, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.