$2,997,500
$753K PRICE DROP

5568 Lakeview Dr Interlochen, MI 49643

Estimated payment $17,408/month

Total Views 82,028
4 Beds
4.5 Baths
3,625 Sq Ft
$827 Price per Sq Ft

Highlights

  • Second Garage
  • Waterfront
  • Craftsman Architecture
  • Bay View
  • Bluff on Lot
  • Deck

About This Home

Stunning Green Lake waterfront. This exquisite lakefront property, meticulously renovated between 2022-2024, offers breathtaking sunset views and 75' of private sandy beach perfect for summer enjoyment. The expansive outdoor space features multiple entertainment areas, ideal for hosting gatherings while enjoying the waterfront ambiance. The interior showcases a complete top-to-bottom remodel with showroom-quality finishes throughout, featuring an elegant neutral color scheme that creates a sophisticated, modern atmosphere. The heart of the home is a chef's dream kitchen, boasting a stunning island crowned with premium quartz countertops and matching backsplash, complemented by high-end Thermador appliances. Nearly every room captures magnificent water views, creating a seamless indoor-outdoor living experience. The luxurious primary suite features a spacious walk-in closet, private sitting area with balcony access, and a spa-like en suite bathroom complete with a deep soaking tub and indulgent steam shower. The fully finished walkout lower level serves as an ideal in-law suite, equipped with its own laundry facilities, kitchenette, and private entrance. Located in the highly sought after Penn Lock Colony neighborhood, the home offers easy access to the renowned Interlochen Center for the Arts just across the lake, the charming Village of Interlochen, Crystal Mountain Resort, and is just a short drive from vibrant downtown Traverse City. Click on virtual tour link for an incredibly realistic view of the interior

Listing Agent

Mark Hagan

Coldwell Banker Schmidt Traverse City Brokerage Phone: 231-929-7985 Listed on: 03/18/2025

Coldwell Banker Schmidt Traverse City

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 75x159
  • Waterfront
  • Bluff on Lot
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • Zoning described as Residential,Deed Restrictions,Building-Use Restrictions

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Second Garage
  • Garage Door Opener
  • Open Parking

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Bay Window
  • Great Room
  • Den
  • Game Room
  • Home Gym
  • Bay Views

Kitchen

  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Steam Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • Association fees include snow removal
  • Penn Lock Colony Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Community Features: Lake Privileges
  • Frontage: Waterfront
  • Horses: No
  • Lot Features: Cleared, Wooded, Level, Rolling Slope, Bluff, Landscaped, Subdivided
  • Lot Size: 75x159
  • Road Surface Type: Gravel
  • Has Spa?: No
  • View: Water, Bay
  • Has View?: Yes
  • Water Body Name: Green Lake
  • Association Fees: 400
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: T157435
  • Subdivision Name: Penn Lock Colony
  • Above Grade Finished Sq Ft: 3625
  • Accessibility Features: Main Floor Access
  • Architectural Style: Craftsman
  • Basement: Full, Walk-Out Access, Finished
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Unit Levels: Two
  • Living Area: 4825
  • Is New Construction?: No
  • Property Attached Yn: No
  • Year Built: 1995
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: In-Law Floorplan, Entrance Foyer, Walk-In Closet(s), Wet Bar, Solid Surface Counters, Kitchen Island, Great Room, Den/Study, Exercise Room, Game Room, Drywall, Ceiling Fan(s), Cable TV, High Speed Internet, DSL, WiFi
  • Number Of Buildings: 3
  • Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Cooktop, Exhaust Fan, Gas Water Heater, Instant Hot Water
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1200
  • Fireplace Features: Wood Burning
  • Flooring: Tile, Wood, Carpet
  • Main Level Bathrooms: 1
  • Stories: 2
  • Window Features: Bay Window(s), Blinds, Drapes

Exterior Features

  • Exterior Features: Dock, Sprinkler System, Balcony
  • Roof: Asphalt
  • Has Private Pool?: No
  • Waterfront Features: Inland Lake, All Sports, Soft Bottom, Sandy Bottom, Bluff (greater than 10ft), Lake, Sandy Shoreline
  • Waterfront?: Yes
  • Home Warranty: No
  • Construction Type: Brick, Frame, Cement Siding
  • Foundation Details: Slab
  • Other Structures: Shed(s), Second Garage
  • Patio And Porch Features: Deck, Multi-Level Decking, Covered, Porch

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garaged Spaces: 2
  • Has Attached Garage?: Yes
  • Has Open Parking?: Yes
  • Parking Features: Concrete, Private, Attached, Garage Door Opener, Paved, Concrete Floors

Utilities

  • Sewer: Private Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air, Electric
  • Heating: Forced Air, Fireplace(s), Natural Gas
  • Heating Yn: Yes
  • Water Source: Private

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal
  • Pets Allowed: false

Schools

  • Junior High Dist: Traverse City Area Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 13068
  • Zoning Description: Residential,Deed Restrictions,Building-Use Restrictions

Multi Family

  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $21,527 $700,300 $0 $0
2024 $17,664 $565,500 $0 $0
2023 $20,142 $398,700 $0 $0
2022 $20,284 $456,900 $0 $0
2021 $7,555 $398,700 $0 $0
2020 $7,503 $383,000 $0 $0
2019 $7,378 $365,700 $0 $0
2018 $6,916 $349,500 $0 $0
2017 -- $358,900 $0 $0
2016 $6,228 $351,300 $0 $0
2014 $6,228 $306,500 $0 $0
2012 $6,228 $301,860 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2026 01/06/26 Price Changed $2,997,500 -7.8% $827 / Sq Ft
07/25/2025 07/25/25 Price Changed $3,250,000 -7.1% $897 / Sq Ft
04/30/2025 04/30/25 Price Changed $3,500,000 -6.7% $966 / Sq Ft
03/18/2025 03/18/25 For Sale $3,750,000 +290.6% $1,034 / Sq Ft
11/02/2021 11/02/21 Sold $960,000 -3.5% $227 / Sq Ft View Prior Sale
10/11/2021 10/11/21 Pending -- -- --
09/26/2021 09/26/21 Price Changed $995,000 -9.5% $236 / Sq Ft
08/26/2021 08/26/21 For Sale $1,100,000 -- $260 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Deed $960,000 --
Deed $57,500 --
Source: Public Records

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1931543

Northern Great Lakes REALTORS® MLS

APN: 07-500-005-50