Traverse City Homes under $500,000

Traverse City Homes under $500,000

Welcome to Traverse City, Michigan, a picturesque gem nestled in Grand Traverse County, known for its stunning landscapes, vibrant community, and exceptional quality of life. One of the many highlights of this charming city is its outstanding school district, which is committed to fostering a nurturing and innovative learning environment for all students. Traverse City Area Public Schools (TCAPS) offers a diverse range of educational programs, dedicated educators, and modern facilities that inspire academic excellence and personal growth. With a strong emphasis on community involvement and extracurricular activities, TCAPS ensures that students not only excel in their studies but also develop essential life skills.

For families looking to settle down in this idyllic setting, Traverse City offers a variety of homes under $500,000, making it an accessible option for first-time buyers, growing families, or those seeking a peaceful retreat. These homes boast a range of styles, from charming bungalows to contemporary designs, often featuring spacious yards and proximity to local parks, beaches, and the breathtaking Grand Traverse Bay.

Living in Traverse City means embracing a lifestyle filled with outdoor adventures, cultural experiences, and a strong sense of community. With its stunning natural beauty, top-rated schools, and affordable housing options, Traverse City is the perfect place to call home. Explore the possibilities and discover how you can become a part of this thriving community today!

Newest Traverse City Homes under $500,000

849 Denie Lane, Traverse City
$419,900
3 Beds ⋅ 2 Baths ⋅ 20261080294 MLS ⋅ ACTIVE Status
Enjoy Traverse City living with room to spread out! This 3-bedroom, 2-bath tri-level sits on just over an acre on a private road, offering a peaceful setting while remaining close to shopping, dining, schools and recreation. The main level features an open living, dining and kitchen area with newly added solid-surface countertops and newer appliances. Upstairs are three bedrooms, while the lower level offers a comfortable family room, kitchenette and full bath for added flexibility. Recent updates also include newer HVAC, sump pump and pressure tank. Outside, the backyard is a gardener’s dream with a fenced garden area, chicken coop and separate fenced in backyard for children and pets. An attached 2-car garage, central air and ample storage complete this well-rounded property just minutes from Traverse City.

849 Denie Lane, Traverse City
119 E 8th Street Unit 4, Traverse City
$419,900
2 Beds ⋅ 1 Baths ⋅ 26051350 MLS ⋅ ACTIVE Status ⋅ Ivy Terrace BLDG.
LIVE WHERE TRAVERSE CITY HAPPENS! Welcome to Ivy Terrace #4, offering 892 thoughtfully designed SF at 8th & Union—just 4 blocks from downtown & 5 blocks from West Grand Traverse Bay. This contemporary 2BR/1BA lives bigger than expected with an open kitchen/living area, granite countertops, abundant cabinetry & moveable island for flexible living or entertaining. Generous bedroom closets, an oversized entry closet, pantry, built-in desk & in-unit laundry provide storage where it counts. Park in the adjacent Old Town Parking Deck & take the gated, heated walkway directly to the building—a feature you'll appreciate when TC does its thing in winter! Long-term & vacation rentals are allowed, offering flexibility as a full-time home, Up North getaway or investment. Park the car & start exploring—the best of Traverse City is just outside your door.

119 E 8th Street Unit 4, Traverse City
5274 Karlin Road, Interlochen
$398,000
3 Beds ⋅ 2 Baths ⋅ 26049973 MLS ⋅ ACTIVE Status
NEW ROOF starting Wed 9/23! Home entirely renovated in 2025! Major improvements include a new furnace, water heater, well, shower/tub, and roof. Many of the big-ticket updates have already been taken care of! Beautifully updated and ready for its next chapter! New features include, updated siding, Anderson windows, new doors and flooring, along with a refreshed kitchen complete with new cabinetry and countertops. This 3-bedroom, 1.5 bath ranch offers the perfect blend of modern updates, comfortable living, and outdoor space. The finished basement provides additional living space with plenty of flexibility for a family room, home office, playroom, etc. Step outside to a fully fenced backyard ready for your vision! One additional storage building provides space for tools, toys, and outdoor equipment. ALL of this conveniently located 1.3 miles from Interlochen Arts Academy and Interlochen State Park. This move-in-ready home offers space, updates, and a location that is hard to beat.

5274 Karlin Road, Interlochen
6072 Center Road, Traverse City
$384,900
3 Beds ⋅ 1 Baths ⋅ 50221281 MLS ⋅ ACTIVE Status
Nestled on the peninsula in one of Traverse City’s most desirable areas, this beautifully updated home offers the perfect blend of modern finishes and Northern Michigan charm. The house has been painted on the exterior, has all new carpet, floors, Kitchen and Bathroom as well. Fresh interior paint, all new light fixtures, door handles and other cosmetics. The Kitchen comes with all new appliances, tile backsplash and quartz countertops.

6072 Center Road, Traverse City
1713 Vanderlip Road, Traverse City
$499,900
3 Beds ⋅ 2 Baths ⋅ 26042333 MLS ⋅ ACTIVE Status
Refined luxury and total privacy merge in this newly constructed 3-bedroom, 2-bath architectural retreat set on 1.71 sprawling acres. Designed for ultimate peace of mind, the property adjoins hundreds of acres of protected nature preserve on two sides, guaranteeing an enduring sanctuary of tranquility, natural beauty, and outdoor solitude. Inside, thoughtful craftsmanship shines through high-performance Pella windows, an Energy Star-rated heating system, premium low-maintenance finishes, and an additional upper-level living space offering exceptional countryside views. The bright walk-out basement serves as a true blank canvas, ready for your custom finishes and expansion plans. Ideal for investors or seasonal owners, the property offers versatile potential with short-term rental compatibility. (See 'More'>) Located just minutes from downtown Traverse City, Cherry Capital Airport, world-class golf courses, and Grand Traverse Bay, this residence offers an exceptional turn-key opportunity on prime acreage.

1713 Vanderlip Road, Traverse City
2591 Tonawanda Road, Grawn
$429,900
3 Beds ⋅ 2 Baths ⋅ 26042101 MLS ⋅ ACTIVE Status
Escape to this quiet, serene Tonawanda Lakefront retreat, tucked into the beautiful Northern Michigan countryside just west of Traverse City. Offering the perfect blend of peaceful seclusion and vibrant local living, this well-maintained 3-bedroom, 2-bath home features a 2-stall garage and striking vaulted ceilings that beautifully frame your rolling, nature-filled surroundings. From your own private dock, you can launch a morning kayak ride across the glass-like water, or drive just minutes to experience two adjacent, high-energy all-sports lakes. Beyond your immediate waterfront, you are perfectly positioned to enjoy the very best of the entire region. The peaceful, wooded countryside serves as a quiet sanctuary for watching wildlife and enjoying starry night skies, yet you remain just minutes from downtown Traverse City's world-class dining, local boutiques, and renowned wineries. Best of all, the majestic sugar-sand beaches, towering dunes, and iconic freshwater sunsets of Lake Michigan are just a short drive away. Whether you are seeking a peaceful seasonal cottage or a year-round residence, this property is your ultimate gateway to an unforgettable Up North lifestyle.

2591 Tonawanda Road, Grawn
11775 Country Acres Drive, Interlochen
$375,000
2 Beds ⋅ 1 Baths ⋅ 26041981 MLS ⋅ ACTIVE Status
Opportunities like this in Grand Traverse County are few and far between! Nestled in one of the most sought-after regions of Michigan's Northern Lower Peninsula, this newly built barndominium offers the perfect blend of comfort, functionality, and Up North charm. The impressive 60' x 30' structure features a spacious heated garage and workshop on one side - ideal for storing boats, ATVs, side-by-sides, snowmobiles, or creating the ultimate hobby space. The other half welcomes you with stylish, thoughtfully designed living quarters featuring 2 bedrooms and 1 full bath, creating a warm and inviting retreat after a day of adventure. Whether you're looking for a weekend escape, a hunting and fishing headquarters, or a basecamp for year-round recreation, this property checks every box. Crystal Mountain Resort is just a short drive away, offering outstanding skiing, golf, dining, and family entertainment. Anglers will appreciate easy access to world-class fishing on Grand Traverse Bay along with several renowned Blue Ribbon trout streams nearby. Hunters and outdoor enthusiasts will find endless opportunities throughout the surrounding public lands. 15,000± acres of state land right outside your back door. Outside, unwind beneath towering white pines from the screened-in porch or gather with family and friends around the campfire just steps from the back door. The peaceful setting captures everything people love about Pure Michigan living while still providing convenient access to area attractions. Looking for an investment? This property also has outstanding potential as a short-term vacation rental. Its versatile layout, premium location, and year-round recreational appeal make it an attractive option for Airbnb guests seeking an authentic Northern Michigan experience. Whether you're searching for your own private getaway or a property with excellent income potential, this is one you won't want to miss. Grand Traverse County properties like this don't stay on the market for long - schedule your showing today!

11775 Country Acres Drive, Interlochen
4270 Baywood Drive, Traverse City
$489,000
5 Beds ⋅ 2 Baths ⋅ 26041823 MLS ⋅ ACTIVE Status
Welcome to this inviting 5 bed, 2 bath home with a walkout basement in the desirable Holiday Hills community. Offering a spacious and thoughtfully updated interior, this home provides ample space for everyday living, entertaining or flexible living arrangements. As you enter, you'll be welcomed by a beautiful fireplace that creates a warm and inviting focal point for the living space. While relaxing on the covered front porch, take in the benefits of the outdoors including a flat driveway, an open yard and mature trees that provide privacy and a peaceful setting. This home is ideally located near walking trails, the TART Trail, Mt. Holiday, and other recreational opportunities while offering convenient access to downtown Traverse City and Elk Rapids. This home offers a great combination of comfort, location, and long-term value in an established Northern Michigan community. Showings will begin Friday 8/14 at the Open House being held from 5-7 pm.

4270 Baywood Drive, Traverse City
508 Hastings Street Unit 1, Traverse City
$269,900
1 Beds ⋅ 1 Baths ⋅ 26011169 MLS ⋅ ACTIVE Status ⋅ City Limit Lofts BLDG.
Welcome to this Contemporary Urban Oasis near the heart of downtown Traverse City. This gorgeous condo has been professionally decorated with a timeless color palette. Enter into the family room with 20 ft ceilings. Open kitchen with snack bar & stainless-steel appliances. Main floor full bath with a large linen closet. Custom laundry area with built-in storage & utility closet. Upstairs you will find an open bedroom with a live edge desk, custom built especially for this space, the perfect spot for a home office. Updates also include built-in shelving throughout, a 5-drawer dresser & closet organizers. Located close to the TART Trail, downtown shopping, Bryant Beach Park and award-winning wineries. BUYER CAN INSTALL AN APPROVED STORAGE SHED. All furnishings, including dishes, pot & pans, silverware, small kitchen appliances and linens are available for purchase making this truly a ''turnkey property''. Reserved are 4 pieces of artwork. Buyer & buyer's agent to verify all information.

508 Hastings Street Unit 1, Traverse City
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