$3,250,000
$500K PRICE DROP

5568 Lakeview Dr Interlochen, MI 49643

Estimated payment $18,906/month

Total Views 72,643
4 Beds
4.5 Baths
4,825 Sq Ft
$674 Price per Sq Ft

Highlights

  • Private Waterfront
  • Private Dock
  • Second Garage
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Bay View

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 Traver License #6506006708 Listed on: 03/18/2025

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 75x159
  • Private Waterfront
  • 75 Feet of Waterfront
  • Sandy Beach
  • Bluff on Lot
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Cement Board or Planked

Interior Spaces

  • 4,825 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Bay Window
  • Entrance Foyer
  • Great Room
  • Den
  • Game Room
  • Home Gym
  • Bay Views

Kitchen

  • Oven or Range
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • Soaking Tub
  • Steam Shower

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Attached Garage
  • Second Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Lake Privileges
  • Balcony
  • Tiered Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Natural Gas Water Heater
  • Water Heated On Demand
  • Water Softener is Owned
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Association fees include snow removal
  • Penn Lock Colony Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, In-Law Suite or Apartment, Craftsman
  • Estimated Year Built: 1995
  • Construction: Brick, Frame
  • Private Shared: Private
  • Univs Design Barrier Free: Main Floor Access
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1995

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Cook Top, Exhaust Fan, Blinds, Drapes, Ceiling Fan, Natural Gas Water Heater, On Demand Water Heater
  • Interior Amenities: Bay Window(s), Foyer Entrance, Walk-In Closet(s), Wet Bar, Solid Surface Counters, Island Kitchen, Great Room, Den/Study, Exercise Room, Game Room, Drywall
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 21x18, On Level: Lower Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 23x14.5, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 17.5x12.5, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 12.5x11, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 4.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 38xcombo, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 37x28, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: combox20, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 25x18, On Level: Main Floor, Flooring: Tile
  • Range: R 12W
  • Total Finished Sf Apx: 4825

Exterior Features

  • Additional Buildings: Garden/Storage Shed, Secondary Garage(s)
  • Body Of Water: Green Lake
  • Exterior Features: Bay View, Sprinkler System, Balcony, Deck, Multi-Level Decking, Covered Porch, Landscaped, Porch
  • Exterior Finish: Cement Board, Brick
  • Foundation: Full, Walkout, Slab, Full Finished
  • Number Of Acres: 0.3
  • Road: Gravel, Shared, Association, Privately Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Soft Bottom, Sandy Bottom, Bluff (greater than 10ft), Public Lake, Sandy Shoreline
  • Waterfront Frontage: 75

Garage/Parking

  • Driveway: Concrete, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, DSL, WiFi
  • Water: Private Well

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal
  • Annual Association Fees: 400
  • Association Fees: Annual

Association/Amenities

  • Development Amenities: Lake Privileges
  • Development Name: Penn Lock Colony

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Cleared, Wooded, Level, Rolling, Bluff Site
  • Lot Dimensions: 75x159
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Deed Restrictions, Building-Use Restrictions

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

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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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
07/25/2025 07/25/25 Price Changed $3,250,000 -7.1% $674 / Sq Ft
04/30/2025 04/30/25 Price Changed $3,500,000 -6.7% $725 / Sq Ft
03/18/2025 03/18/25 For Sale $3,750,000 +290.6% $777 / 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