Discover Stunning Waterfront Homes in Traverse City, Michigan

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Traverse City, Michigan

Nestled along the pristine shores of Grand Traverse Bay and a network of scenic inland lakes, Traverse City, MI offers some of the most captivating waterfront living in the Midwest. This vibrant lakeside community blends the tranquility of nature with the conveniences of a thriving small city. From upscale estates on Old Mission Peninsula to charming cottages on Boardman Lake, residents enjoy unparalleled access to boating, fishing, and beachside relaxation. The city is known for its award-winning wineries, farm-to-table dining, and cultural festivals, making it both a peaceful retreat and a lively destination year-round. With a strong sense of community, top-rated schools, and endless outdoor recreation, Traverse City waterfront homes are perfect for families, retirees, and vacationers alike. 

Real Estate Statistics

Average Price	$1M
Lowest Price	$54.9K
Highest Price	$8.9M
Total Listings	91
Avg. Days On Market	120
Avg. Price/SQFT	$470

Property Types (active listings)

Browse Traverse City Waterfront Homes for Sale

• All Listings
• Under $100,000
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• $800,000 - $900,000
• $900,000 - $1,000,000
• Over $1,000,000

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Bathrooms

Price Range

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$8,875,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 5.5 Baths 8,440 SqFt Residential MLS® # 1931322

$8,875,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 6 Baths 10,412 SqFt RESIDENTIAL MLS® # 475922

New

$6,850,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933700

New

$3,900,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933699

$3,595,000

15722 Waters Edge, Traverse City

4 Beds 4.5 Baths 4,384 SqFt Residential MLS® # 1930574

$3,000,000

14088 Bluff Road, Traverse City

5 Beds 3.5 Baths 4,409 SqFt Residential MLS® # 1932433

Pending

$2,715,000

15678 Waters Edge, Traverse City

4 Beds 3.5 Baths 3,314 SqFt Residential MLS® # 1930879

$2,550,000

↑ $200,000

2175 N Us-31 N, Traverse City

6 Beds 4 Baths 3,270 SqFt Residential MLS® # 1912471

New

$2,325,000

333 S West Silver Lake Road, Traverse City

4 Beds 3 Baths 2,979 SqFt Residential MLS® # 1933693

Pending

$2,325,000

133 Uptown Court, Traverse City

4 Beds 4 Baths 4,595 SqFt Residential MLS® # 1930138

$2,075,000

8989+8895 Supply Road, Traverse City

5 Beds 3.5 Baths 3,035 SqFt Residential MLS® # 1932848

Pending

$1,650,000

↑ $75,000

11668 Snowfield, Traverse City

5 Beds 3.5 Baths 6,252 SqFt Residential MLS® # 1933089

$1,580,000

5161 Silver Pines Road, Traverse City

4 Beds 3 Baths 4,225 SqFt Residential MLS® # 1932727

Pending

$1,400,000

↓ $100,000

3212 Wabanaki Trail, Traverse City

6 Beds 5.5 Baths 5,825 SqFt Residential MLS® # 1924646

$1,380,000

5161 Silver Pines Road, Traverse City

4 Beds 3 Baths 4,225 SqFt Residential MLS® # 1932726

New

$1,299,000

9248 Sw Bay Shore Drive, Traverse City

3 Beds 3.5 Baths 3,087 SqFt Residential MLS® # 1933667

$1,285,000

8895 Supply Road, Traverse City

3 Beds 2.5 Baths 1,460 SqFt Residential MLS® # 1932846

$1,250,000

1503 Braemar Drive, Traverse City

4 Beds 2.5 Baths 2,267 SqFt Residential MLS® # 1930876

$1,200,000

13336 S West Bay Shore, Traverse City

1 Bed 0.5 Baths 450 SqFt Residential MLS® # 1931594

Pending

$1,199,900

9401 Edgewood Avenue, Traverse City

3 Beds 4 Baths 3,297 SqFt Residential MLS® # 1933158

New

$1,134,000

789 Lake George Trail, Traverse City

3 Beds 2 Baths 1,766 SqFt Residential MLS® # 1933674

$1,100,000

220 N West Silver Lake Road, Traverse City

3 Beds 2 Baths 2,100 SqFt Residential MLS® # 1933150

$1,100,000

↓ $50,000

9600 S Parker Road, Traverse City

3 Beds 2 Baths 2,256 SqFt Residential MLS® # 1932629

$1,000,000

3900 Swaney Road, Traverse City

1 Bed 1 Bath 495 SqFt Residential MLS® # 1927662

$999,000

4594 North Spider Lake Road, Traverse City

4 Beds 3 Baths 1,794 SqFt Residential MLS® # 1933456

Pending

$969,000

9086 N Tottenham Drive, Traverse City

4 Beds 3 Baths 2,869 SqFt Residential MLS® # 1933117

$950,000

1877 Pinehurst Trail, Traverse City

2 Beds 2 Baths 1,675 SqFt Residential MLS® # 1931885

$929,000

1847 Us-31 N 3001, Traverse City

3 Beds 3 Baths 2,068 SqFt Residential MLS® # 1932303

Pending

$919,000

3866 Angling Way, Traverse City

5 Beds 3.5 Baths 3,079 SqFt Residential MLS® # 1926344

Pending

$895,000

2489 Us-31 N 9, Traverse City

3 Beds 3 Baths 1,689 SqFt Residential MLS® # 1932270

New

$889,000

224 Island View Drive, Traverse City

3 Beds 2 Baths 1,678 SqFt Residential MLS® # 1933829

Pending

$879,000

10996 Trillium Court, Traverse City

3 Beds 2.5 Baths 2,752 SqFt Residential MLS® # 1932057

Pending

$875,000

8834 Peninsula Drive, Traverse City

3 Beds 2.5 Baths 3,117 SqFt Residential MLS® # 1933085

New

$865,000

4483 Greilick Road, Traverse City

3 Beds 2 Baths 1,891 SqFt Residential MLS® # 1933641

Pending

$850,000

639 N South Long Lake Road, Traverse City

6 Beds 4 Baths 3,810 SqFt Residential MLS® # 1894915

Pending

$825,000

5262 Circle Drive, Traverse City

4 Beds 2 Baths 2,055 SqFt Residential MLS® # 1932875

$799,000

1457 Braemar Drive, Traverse City

2 Beds 2.5 Baths 2,058 SqFt Residential MLS® # 1931754

$740,000

8989 Supply Road, Traverse City

3 Beds 2 Baths 1,660 SqFt Residential MLS® # 1932847

$699,900

↓ $20,100

7695 Gingerwood Drive, Traverse City

4 Beds 2.5 Baths 2,626 SqFt Residential MLS® # 1933202

$699,900

↓ $60,100

940 N West Silver Lake Road, Traverse City

2 Beds 2 Baths 1,400 SqFt Residential MLS® # 1931392

New

$635,000

783 Lake George Trail, Traverse City

2 Beds 1 Bath 1,036 SqFt Residential MLS® # 1933665

Pending

$630,000

11552 Chimney Ridge Court, Traverse City

3 Beds 2.5 Baths 2,787 SqFt Residential MLS® # 1932147

$625,000

↓ $50,000

8173 Bel Cherrie Drive, Traverse City

3 Beds 1.5 Baths 1,469 SqFt Residential MLS® # 1931214

Pending

$599,900

368 Bass Lake Road, Traverse City

3 Beds 2 Baths 2,300 SqFt Residential MLS® # 1932660

New

$580,000

1603 N Us-31 N 6, Traverse City

2 Beds 2 Baths 1,151 SqFt Residential MLS® # 1933850

$579,900

1022 Lake Ridge Drive 4, Traverse City

3 Beds 3 Baths 1,454 SqFt Residential MLS® # 1932541

Pending

$569,000

2442 Pinehurst Trail, Traverse City

3 Beds 1 Bath 1,104 SqFt Residential MLS® # 1933453

$489,900

8050 Peninsula Drive 10, Traverse City

1 Bed 1 Bath 790 SqFt Residential MLS® # 1933381

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Stunning Deals on Traverse City, MI Waterfront Homes for Sale

Explore Traverse City, MI waterfront homes for sale with this complete buyer’s guide—neighborhoods, prices, features, and expert advice included.

Introduction to Traverse City’s Waterfront Living

Nestled on the shores of Lake Michigan’s Grand Traverse Bay, Traverse City, MI offers an irresistible blend of small-town charm and natural beauty. It’s no wonder waterfront homes here are among the most desirable properties in Northern Michigan. Whether you're searching for a summer retreat, an investment property, or a forever home, the tranquil water views and year-round recreation make it a dream destination for homebuyers.

Why Waterfront Properties Are Highly Sought After

Waterfront homes deliver more than just scenery—they offer a lifestyle. Residents enjoy private docks, boating, fishing, kayaking, and beach access right outside their back doors. These homes also hold their value well and often appreciate faster than inland properties due to their scarcity and prime location.

Quick Overview of Traverse City’s Geography

Traverse City spans both the West Arm and East Arm of Grand Traverse Bay. The area features lush forests, rolling hills, and crystal-clear freshwater lakes. With neighborhoods hugging both Lake Michigan and smaller inland lakes, there’s no shortage of scenic waterfront real estate options.

Top Neighborhoods for Waterfront Homes in Traverse City, MI

Boardman Lake Area

Boardman Lake offers affordable waterfront living just minutes from downtown. With a paved trail encircling the lake, it’s perfect for joggers and cyclists.

Old Mission Peninsula

This peninsula extends into the bay and offers panoramic water views on both sides. It’s a prestigious location known for vineyards, upscale homes, and peaceful seclusion.

West Bay Waterfront

Homes along the West Bay are highly desirable for their direct beach access and proximity to marinas, restaurants, and downtown Traverse City.

East Bay Estates

This family-friendly area features large lots, quiet streets, and easy access to boating and fishing. East Bay’s calmer waters are ideal for paddleboarding and swimming.

Types of Waterfront Properties Available

From cozy cottages to grand estates, Traverse City has something for every taste and budget.

Single-Family Lakefront Homes

These stand-alone houses offer privacy and direct access to the water. They range from modest ranches to multi-million-dollar homes with custom architecture.

Waterfront Condos and Townhouses

For buyers looking for less maintenance, condos along the waterfront offer lake views, shared amenities, and often, private beaches.

Cabins and Cottages on the Water

Ideal for seasonal use or rental income, these properties are typically more rustic but ooze charm. Many feature private docks and are close to public parks and trails.

Check out this video for a look at our Traverse City drone tour

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Price Range and Market Trends

Waterfront properties in Traverse City vary widely in price depending on location, size, and amenities.

Average Listing Prices

• Condos and small cottages: $350,000 – $650,000

• Single-family homes: $600,000 – $1.5M

• Luxury estates and custom homes: $2M+

Seasonal Market Fluctuations

Summer sees the highest demand, as out-of-state buyers flood the market. Inventory can drop during winter, but off-season buyers often find better deals.

Investment Potential

With growing tourism and demand for vacation rentals, many buyers turn waterfront homes into lucrative short-term rentals or second homes that appreciate in value over time.

Amenities and Features to Expect

Here’s what you can typically expect when browsing Traverse City waterfront listings:

Buying a Waterfront Home: What You Need to Know

Home Inspections and Shoreline Regulations

Be sure to conduct a thorough inspection focused on shoreline erosion, septic systems, and drainage. Local zoning laws may also affect what you can build or remodel.

Flood Zones and Insurance Requirements

Some areas near water may require additional flood insurance. Your real estate agent can help identify risk areas and advise on policy options.

Utilities and Maintenance

Lakefront homes may rely on well water and septic systems. Maintenance of docks, sea walls, and landscaping is also a regular expense.

Financing Options for Waterfront Properties

Buying a waterfront home in Traverse City can be a larger investment, which means understanding your financing options is essential.

Mortgage Lenders Specializing in Lakefront Homes

Not all lenders are the same when it comes to financing waterfront properties. Some lenders offer specialized loans that consider factors like seasonal accessibility or non-traditional foundations often found in lake homes. Look for mortgage brokers with experience in second-home or investment property loans.

Property Taxes and Hidden Costs

Waterfront homes often come with higher property tax assessments due to their premium location. In addition to taxes, be prepared for:

• Dock maintenance and replacement

• HOA fees (if in a managed community)

• Winterization costs for seasonal homes

A well-versed real estate agent can help estimate these costs during the home search process.

Steps to Purchasing a Waterfront Home in Traverse City

Hiring a Local Real Estate Agent

An agent with expertise in waterfront properties can guide you through nuances like riparian rights, lake access rules, and seasonal considerations.

Making Competitive Offers

With many properties receiving multiple offers—especially in summer—it’s critical to act fast and make offers that stand out. This may include waiving contingencies or offering above asking price.

Closing Process

Once your offer is accepted, you’ll proceed with inspection, appraisal, and final mortgage approval. The closing process can take 30–60 days. Work closely with your agent and lender to stay on track.

Traverse City Lifestyle and Community Highlights

Living by the water in Traverse City offers more than just a home—it provides a lifestyle.

Local Events and Festivals

• National Cherry Festival in July draws visitors from around the country.

• Traverse City Film Festival showcases independent films along the waterfront.

• Weekly farmers markets and art walks are popular among residents.

Dining and Shopping Nearby

Downtown Traverse City is a foodie haven, with waterfront dining, boutique stores, and award-winning wineries just minutes away.

Water Sports and Outdoor Activities

• Boating and sailing in Grand Traverse Bay

• Paddleboarding on Boardman River

• Winter sports like ice fishing and snowshoeing nearby

Pros and Cons of Living on the Water in Traverse City

Benefits of Waterfront Living

• Daily lake views and peaceful surroundings

• Direct access to boating, swimming, and fishing

• Higher property appreciation over time

Challenges to Consider

• Higher insurance and maintenance costs

• Tourist crowds in peak seasons

• Weather-related wear on exterior structures

Vacation Rentals and Second Homes

Airbnb and Short-Term Rental Laws

Traverse City has specific regulations regarding short-term rentals. Some zones allow vacation rentals with permits, while others do not. It's important to verify zoning rules before purchasing.

ROI for Waterfront Vacation Homes

Rental income potential is strong, especially in summer. Homes near the beach or with private docks often command premium nightly rates on platforms like Airbnb and Vrbo.

Eco-Friendly and Sustainable Waterfront Homes

Environmental sustainability is gaining popularity among waterfront buyers.

Green Building Practices

Builders are incorporating sustainable materials, solar panels, and energy-efficient designs to minimize environmental impact.

Energy Efficiency Near the Lake

Waterfront homes benefit from natural cooling, but many also include geothermal heating or advanced insulation systems to reduce year-round utility costs.

New Developments and Upcoming Projects

Traverse City’s real estate scene is growing, with exciting new waterfront projects on the horizon.

Planned Communities

Several planned developments include mixed-use spaces with marinas, shops, and restaurants. These offer a blend of lifestyle and convenience.

Real Estate Growth in 2025 and Beyond

With steady population growth and increasing tourism, Traverse City's waterfront housing market is poised for continued appreciation and development.

Testimonials from Local Homeowners

“We bought our East Bay home five years ago and haven’t looked back. The sunsets are unbelievable, and it feels like we’re on vacation every day.”
– Jennifer M., East Bay resident

“Old Mission Peninsula is peaceful and surrounded by water. Our dock is my favorite place in the world.”
– Terry L., Old Mission homeowner

Working with a Traverse City Real Estate Agent

Top-Rated Realtors in the Area

When searching for Traverse City, MI waterfront homes for sale, working with an experienced and reputable local agent is crucial. Two standout options include:

• BrookWalsh.com – A luxury-focused real estate platform offering personalized service and in-depth market knowledge, especially for waterfront and lifestyle properties across Northern Michigan.

• Northern Michigan Escapes – A trusted name in both real estate and vacation rental management, helping clients buy, rent, or invest in stunning lakefront homes in Traverse City and beyond.

How to Choose the Right One

Look for agents or brokerages with:

• Proven experience in waterfront property transactions

• Access to exclusive listings and off-market deals

• Client testimonials and a strong digital presence

• Familiarity with Traverse City’s zoning and shoreline regulations

Frequently Asked Questions

1. Is Traverse City a good place to buy a waterfront home?
A. Yes! Traverse City offers excellent lifestyle benefits, property appreciation, and a strong rental market.

2. What’s the best time to buy a waterfront home here?
A. Late fall and early winter often provide better prices and less competition than summer.

3. Are there restrictions on building docks or additions?
A. Yes, shoreline modifications often require permits due to environmental regulations.

4. Do I need flood insurance in Traverse City?
A. It depends on the specific property. Homes near floodplains or low-lying shores may require it.

5. Can I use my waterfront home as a vacation rental?
A. Yes, but you must comply with local short-term rental laws and zoning.

6. Are waterfront homes more expensive to maintain?
A. Generally, yes—due to exposure to moisture, weather, and higher utility needs.

Conclusion: Is a Waterfront Home in Traverse City Right for You?

Whether you're drawn to the peaceful lakeside lifestyle, stunning bay views, or the investment potential, Traverse City, MI waterfront homes for sale offer something for every buyer. From cozy cottages to luxury estates, this Northern Michigan gem provides a rare opportunity to live where others vacation. With the help of a knowledgeable agent and careful planning, your dream lakefront home could soon be a reality.