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Browse All Traverse City MI Between $400K - $500K Properties for Sale

$439,900
3 Beds 3 Baths 1948415 MLS Premier Place BLDG.
Tucked into one of Traverse City's most coveted condominium communities, this Premier Place condo offers the perfect blend of privacy, convenience, and lifestyle. Enjoy your own private patio overlooking a peaceful wooded setting where wildlife is a frequent visitor, creating a tranquil retreat just minutes from the heart of the city. Step outside to direct access to the scenic Boardman Lake Loop Trail, Boardman Lake, and a community picnic area, while the Traverse Area District Library, shopping, dining, and Downtown Traverse City are all just moments away. Inside, this thoughtfully designed 3-bedroom, 2.5-bath home offers comfortable living with exceptional flexibility. A main-floor bedroom serves as the perfect guest room, home office, or cozy den to fit your lifestyle. Upstairs, the spacious primary suite features a large walk-in closet and private bath, while the generously sized third bedroom offers double closets and convenient access to the second full bath. The unfinished lower level is already plumbed for an additional full bath, providing endless possibilities for future expansion. Create the hobby room, home gym, recreation room, play space, or media room you've always envisioned while adding instant equity. As a Phase One owner, you'll enjoy exclusive access to the neighborhood clubhouse, complete with a heated outdoor pool, fitness room, full kitchen, and spacious gathering area for community events. The clubhouse is also available to reserve for private parties and celebrations, making it a wonderful extension of your living space.An attached one-car garage provides protection from Northern Michigan winters and ample storage for bicycles to enjoy the Boardman Lake Loop or kayaks for paddling adventures on Boardman Lake. Offering a peaceful natural setting, exclusive amenities, room to grow, and an unbeatable location, this Premier Place condo is an exceptional opportunity to experience the very best of Traverse City living. Open Sunday 9-11. 7/26

1424 Newport Street, Traverse City

$450,000
4 Beds 1 Baths 1948361 MLS Metes And Bounds BLDG.
Imagine arriving to East Bay Beach on a summer morning before your coffee gets cold and to dinner without ever having to touch your car. That's a normal day here at 545 Cromwell Drive. Less than a mile from the social district, where the shops and restaurants are, and just as close to East Bay Park along with multiple public accesses and boat launches on the bay. Downtown Traverse City sits under three miles away, so the Friday night reservation, the Saturday farmers market, and the summer festival crowds are all yours without the drive. Munson Healthcare is minutes from the door for convience as well as a corner store at the beginning of the street. You'll notice the landscaping has been refreshed around the house with a newly stained Fence surrounding. The backyard is the kind of space that fills up on a Saturday, room to host and make your own pizzas in the brick oven, room for a bonfire once the sun drops behind the trees, and room to just sit. The workshop out back is there to handle projects and storage, while the garage sits on just the other side featuring new garage opener. Inside, custom hickory cabinetry anchors a kitchen topped with quartz counters added in 2020, paired with a 2020 refrigerator and a microwave in 2024. The wood-burning fireplace just freshly cleaned and has a gas line running close by if you'd rather flip a switch. Surround sound runs throughout the home on the main floor. Freshly painted interior in 2020 and the care has never let up since. New furnace in 2020, air conditioning in 2021, and a 2025 roof on both house and garage carrying a lifetime transferable labor warranty with 50-year shingles. The electrical has been updated and downstairs you'll find new windows from 2020 and new carpet underfoot. Even the laundry was thought through, with Speed Queen washer and dryer installed in 2020 as well. Meticulously maintained, thoroughly updated, and sitting in a spot you simply cannot recreate.

545 Cromwell Drive, Traverse City

$450,000
3 Beds 2 Baths 1947865 MLS 4230 Division And 7th BLDG.
Rare opportunity in the heart of Traverse City! Nestled on an exceptionally large and beautifully landscaped lot, this immaculately maintained home offers remarkable privacy within a truly botanical garden like setting. Surrounding the home are mature specimen trees, colorful perennial gardens, rare Mackinac Island lilacs, established organic vegetable gardens, and decades of thoughtfully curated landscaping, all maintained organically without the use of chemicals, creating an environment that is nearly impossible to replicate. An attached 14’ x 12’ greenhouse extends the growing season and complements the property’s long established gardens. The home has been lovingly cared for, featuring 3 bedrooms, 2 bathrooms, large walk in closets and an office. Extensive energy efficient improvements have been made, including a professionally documented insulated roof system and insulation upgrades completed as part of a multi year energy conservation project designed to significantly reduce heating costs and energy consumption. The spacious deck, fencing, and garden arbors are all constructed from an exceptionally durable recycled material, offering outstanding longevity with minimal maintenance. The property also presents exciting opportunities for investors or future redevelopment due to its favorable zoning. Ideally located just one block from Munson Medical Center and moments from Slabtown, West Bay beaches, restaurants, and downtown Traverse City, this is a rare offering where an extraordinary setting, unbeatable location, and endless possibilities come together.

325 Spruce Street, Traverse City

$457,000
3 Beds 2 Baths 1947821 MLS Oak Park BLDG.
Perfectly positioned on coveted Washington Street, this beautifully maintained Traverse City home combines timeless charm with thoughtful modern updates in one of the city's most desirable neighborhoods. Perched atop a beautifully tiered yard, the home enjoys an elevated setting that creates a sense of privacy from the sidewalk and street while enhancing its curb appeal. A detached two-car garage is conveniently tucked behind the home. A welcoming sunporch extends your living space, creating the perfect spot to enjoy spring mornings, summer evenings, and the vibrant colors of fall. The impressive list of improvements completed in 2024 and 2025 includes a beautifully refreshed kitchen and added half bath, Andersen windows, all-weather exterior and interior doors, custom built-ins, and fresh paint throughout. Major mechanical updates provide added peace of mind with a roof less than eight years old, plus a furnace and water heater both under ten years old. A complete list of upgrades and improvements is available in the associated documents. Offered turnkey, this "city cottage" includes two Polywood dining sets, original artwork by local artist Lindy Bishop, kitchenware, and additional furnishings and accessories—allowing you to settle in and immediately enjoy the Traverse City lifestyle. Enjoy the best of Traverse City living with the bay, Civic Center, beaches, restaurants, shopping, parks, and top-rated schools all just a short stroll from your front door. This is a rare opportunity to own a move-in-ready home in one of the city's most sought-after locations.

1055 Washington Street, Traverse City

$419,900
3 Beds 1 Baths 1947105 MLS Cromwell Terrace BLDG.
Ideally situated in one of Traverse City's most desirable in-town neighborhoods, this property offers a rare combination of convenience, privacy, and timeless appeal. Located just minutes from downtown, residents enjoy easy access to the restaurants, shops, beaches, and year-round amenities that define the Traverse City lifestyle, while benefiting from the larger lots and quieter setting that make this neighborhood particularly sought after. The home has been thoughtfully updated and exceptionally maintained, creating a move-in-ready opportunity for its next owner. Recent improvements include beautifully refinished hardwood floors, a fully remodeled kitchen featuring new cabinetry, countertops, and appliances, an updated bathroom, newer HVAC system, newer roof and all new windows throughout. Offering three bedrooms, including one non-conforming bedroom that provides flexibility for a home office, guest space, or additional living area, the home delivers a functional layout suited to a variety of lifestyles. From the moment you arrive, the property's outstanding curb appeal and evident pride of ownership set it apart. Conveniently located near East Bay Park, the TART Trail, and the Civic Center, this home provides immediate access to some of Traverse City's most popular recreational and community amenities while maintaining a residential setting that feels removed from the activity of downtown. A rare opportunity to own a thoughtfully updated home in an established neighborhood where location, condition, and long-term value come together.

611 Woodland Drive, Traverse City

$405,000
3 Beds 2 Baths 1946939 MLS The Meadows BLDG.
Welcome home to this spacious 3-bedroom, 2-bath property offering comfort, flexibility, and room to grow. The open-concept floor plan features soaring ceilings, large windows, and an abundance of natural light throughout the main living spaces, creating a bright and inviting atmosphere you’ll love coming home to. Brand-new carpeting adds a fresh, updated feel, while the generously sized bedrooms provide plenty of space for relaxation and everyday living. Built with efficiency in mind, this home features an impressive energy-savings package, helping to maximize comfort year-round while keeping utility costs low. The full unfinished basement is already framed and insulated, offering an incredible opportunity to expand your living space. Featuring two egress windows, plumbing for a future third bathroom, and an additional drain ready for a wet bar, this space is designed with endless possibilities in mind. Whether you’re dreaming of additional bedrooms, a second family room, game room, home gym, craft room, or a combination that perfectly suits your lifestyle, the flexibility is yours to create. Enjoy the perfect balance of convenience and peaceful living in this ideally located home. With no HOA fees or restrictive association rules, you’ll have the freedom you want while still benefiting from the property’s connection to an established subdivision allowing for a welcoming setting that’s perfect for walking or biking. It’s truly the best of both worlds- privacy and flexibility paired with a neighborhood feel that is ideal for families, pets, and active lifestyles. Centrally located just 8 miles from downtown Traverse City, this home places you minutes from Grand Traverse Bay, numerous lakes and rivers, the Vasa Trail and Ranch Rudolf’s year-round outdoor recreation. Schools, shopping, dining, and everyday conveniences are all nearby, making it easy to enjoy everything Northern Michigan has to offer while still coming home to a peaceful setting.

755 S Rusch Road, Traverse City

$449,900
3 Beds 2 Baths 1946368 MLS Hammond Highlands BLDG.
Tucked within a desirable Traverse City subdivision, this spacious 3-bedroom, 2-bath home offers the perfect balance of neighborhood living and room to roam. Situated on an impressive 1.39-acre parcel, the property provides a setting that's increasingly difficult to find, offering both the convenience of nearby amenities and the privacy that comes with a larger lot. Whether you're looking for space to entertain, room for pets to play, or simply a peaceful place to call home, this property delivers. Step outside and discover a fully fenced backyard designed for enjoying Northern Michigan's beautiful seasons. There's ample room for outdoor gatherings, gardening, recreation, and creating the backyard oasis you've always envisioned. Mature surroundings and generous green space provide a sense of privacy while still being part of an established neighborhood setting. Inside, the home features a comfortable and functional floor plan with three bedrooms and two full baths, offering flexibility for a variety of lifestyles. The living spaces are filled with natural light and provide an inviting atmosphere for both everyday living and hosting family and friends. Thoughtfully designed to maximize comfort and practicality, the layout offers plenty of opportunities to personalize and make the space your own. Location is everything, and this home places you just minutes from the very best of Traverse City. Enjoy easy access to shopping, restaurants, schools, medical facilities, parks, golf courses, and the area's renowned beaches, wineries, and outdoor recreation opportunities. Whether you're commuting to work, heading downtown for dinner, or exploring the region's countless attractions, you'll appreciate the convenience of this sought-after location. Offering space, privacy, and an unbeatable Traverse City setting, this property presents a wonderful opportunity to enjoy the Northern Michigan lifestyle you've been searching for.

2732 Hammond Highlands Drive, Traverse City

$440,000
2 Beds 2 Baths 1946364 MLS Na BLDG.
Rare opportunity to own a fully renovated, income-producing duplex in the heart of Traverse City, steps from downtown, fully furnished, and operating as a short-term rental since 2019. Both units are actively permitted and generating approximately $60,000 combined annually, with upside potential. Commercial zoning requires STR permits to remain active to preserve them both, making this a true turnkey investment with the infrastructure already in place. The lower unit offers 500 sq ft of thoughtfully designed living space with a 1 bedroom, 1 bath layout, fully equipped kitchen (stove/oven, dishwasher, microwave, refrigerator), king bed, and twin trundle beds sleeping up to 4 guests. The upper unit is 477 sq ft, also 1 bed/1 bath, with a kitchenette (no stove), queen bed, twin trundle beds, and the same modern mid-century aesthetic. Both units feature mini-split heating and cooling, flat-screen TVs, WiFi, and plush contemporary finishes throughout. The full renovation was completed in 2019. This property works two ways: run both units as short-term rentals for maximum cash flow, or house hack by living in one unit while offsetting your mortgage with the other. Peak season nightly rates regularly exceed $300 per unit, with strong shoulder-season performance as well. The permits are active, the units are furnished, and the guests are already coming. Full-service property manager in place for a true turn-key opportunity. Walking distance to downtown restaurants, breweries, and the waterfront. Near Potter's Bakery, Oakwood Proper, and Common Good Bakery.

509 Rose Street, Traverse City

$400,000
3 Beds 2 Baths 1946325 MLS Westfield Estates BLDG.
Welcome to this beautifully maintained, single-owner newer construction home offering the perfect blend of modern style, functionality, and future potential! Immaculately clean and truly move-in ready, this 3-bedroom, 2-bath home is located in a desirable newer development just minutes from downtown Traverse City, shopping, dining, recreation, and all the amenities Northern Michigan has to offer. The open-concept floor plan is designed for today's lifestyle, featuring a spacious kitchen with a large center island, stunning new backsplash, and seamless flow into the dining and living areas—perfect for entertaining family and friends. The private primary suite offers a relaxing retreat with a custom tiled shower, double vanity, and generous walk-in closet. The full unfinished basement includes egress windows, providing an incredible opportunity to easily add additional bedrooms, living space, and instant equity while significantly increasing the home's finished square footage. Step outside through the sliding glass door to enjoy the deck and patio overlooking the oversized lot, beautifully enhanced with established landscaping, irrigation, and colorful perennial gardens. A 10x10 storage shed offers extra room for lawn equipment and outdoor gear, while the insulated and drywalled attached two-car garage includes built-in storage and a convenient workbench area. Adding even more curb appeal and fun, the exterior is outfitted with permanent GoVee LED lighting, allowing you to customize colors for holidays, celebrations, or everyday ambiance at the touch of a button. Complete with central air conditioning and thoughtful upgrades throughout, this exceptional home is ready for its next owner to move in and enjoy from day one.

4566 Kory Lane, Traverse City

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