5163 Silver Cove Dr Traverse City, MI 49685
Estimated payment $8,967/month
Highlights
- Private Waterfront
- Private Dock
- Second Garage
- Deeded Waterfront Access Rights
- Sandy Beach
- Bay View
About This Home
You dream about living on the water... that place where you get to enjoy the beauty of water views from every room... where you can open the windows and feel the warm breeze sweep in along with the sounds of water, children laughing and playing, boats pulling tubers & skiers. Where some of the hardest decisions are to put the cover on the boat for the night or instead go out for a golden-hour cruise. 5163 Silver Cove Drive is that place... and more. Resting on the shores of one of the most in-demand lakes in the Traverse City area... Silver Lake, is known for its proximity to downtown TC and all-sports fun that is easy to have on its nearly 600 acres of sandy bottom and crystal clear blue waters. One thing that makes this home so special is that it is in a neighborhood... so having community and friendship, for kids and adults alike, is not an if but a when. It's important to have space when you live on the lake... visitors will come. The main house offers 5 bedrooms (2 upstairs, 3 downstairs) and 3 bathrooms (2 upstairs, 1 downstairs). There's multiple living spaces and it's all been renovated top-to-bottom. The walkout basement is a must! The fun is just outside that sliding door. Guests LOVE staying in their very own private apartment and the nearly 700 sq ft space above the secondary detached garage is just right. They can cook, sleep, do laundry and hangout all in their very own quarters. Be sure to leave a chocolate on the pillows! Don't worry, your toys have plenty of space as well. The attached oversized garage with tall ceilings provides ample space for cars and toys and the secondary garage will fit many types of boats and is a great space for a workshop. This one is a must see in person... set up your showing today and start living your best life!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,615
Year Built
- Built in 1989
Lot Details
- 0.84 Acre Lot
- Lot Dimensions are 60.52 x 603.14
- Private Waterfront
- 61 Feet of Waterfront
- Sandy Beach
- Landscaped
- Level Lot
- Sprinkler System
- The community has rules related to zoning restrictions
Home Design
- Ranch Style House
- Wood Foundation
- Frame Construction
- Asphalt Roof
- Stone Siding
- Vinyl Siding
Interior Spaces
- 2,564 Sq Ft Home
- Cathedral Ceiling
- Wood Burning Fireplace
- Drapes & Rods
- Blinds
- Entrance Foyer
- Bay Views
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Reverse Osmosis System
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Parking
- 4 Car Attached Garage
- Second Garage
- Private Driveway
Outdoor Features
- Deeded Waterfront Access Rights
- Private Dock
- Deck
- Patio
- Shed
- Rain Gutters
- Porch
Utilities
- Forced Air Heating and Cooling System
- Well
- Water Softener is Owned
- Cable TV Available
Community Details
Overview
- Silver Cove Community
Recreation
- Water Sports
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,615 | $500,800 | $0 | $0 |
| 2024 | $3,117 | $412,400 | $0 | $0 |
| 2023 | $2,983 | $274,500 | $0 | $0 |
| 2022 | $4,282 | $283,600 | $0 | $0 |
| 2021 | $4,142 | $274,500 | $0 | $0 |
| 2020 | $4,106 | $193,900 | $0 | $0 |
| 2019 | $2,740 | $227,600 | $0 | $0 |
| 2018 | $0 | $232,600 | $0 | $0 |
| 2017 | -- | $216,800 | $0 | $0 |
| 2016 | -- | $172,400 | $0 | $0 |
| 2014 | -- | $139,800 | $0 | $0 |
| 2012 | -- | $179,400 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Price Changed | $1,625,000 | -7.1% | $634 / Sq Ft |
| 08/11/2025 08/11/25 | Price Changed | $1,750,000 | -5.4% | $683 / Sq Ft |
| 07/02/2025 07/02/25 | Price Changed | $1,850,000 | -5.1% | $722 / Sq Ft |
| 06/07/2025 06/07/25 | For Sale | $1,950,000 | -- | $761 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $481,500 | -- | |
| Deed | -- | -- | |
| Deed | $30,000 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1934848
APN: 05-283-037-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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