Sold
Last Sold Price
2 beds588 sqft
566 West Traverse Lake Road, Cedar, MI 49621
Single FamilyProperty Type
0.85 acresLot Size
1960Year Built
$689/sq ftPrice per sq ft

Description

This may be your opportunity to own that cottage in the woods Up North that you’ve been dreaming of. The 2 bedroom, 1 bath cottage has been extensively overhauled in recent years including new windows, roof, well, generator irrigation and a thorough modernization of the interior while retaining the old cottage charm. It is situated on a wooded .8 acre parcel with a small creek that runs through it and a charming back yard with fire pit and a deck alongside the creek. The central Leelanau location...This may be your opportunity to own that cottage in the woods Up North that you’ve been dreaming of. The 2 bedroom, 1 bath cottage has been extensively overhauled in recent years including new windows, roof, well, generator irrigation and a thorough modernization of the interior while retaining the old cottage charm. It is situated on a wooded .8 acre parcel with a small creek that runs through it and a charming back yard with fire pit and a deck alongside the creek. The central Leelanau location is close to so many recreational opportunities including lake access on Little Traverse Lake, Good Harbor Beach, the Heritage bike trail and hiking trails are all within just a short walk or ride. And the property benefits from a commercial resort zoning designation, which allow unrestricted short term rentals. The current owners have enjoyed solid rental income with bookings all summer at $335/night.
  • Listed by: Peter J Fisher 231.735.4405 peter.fisher@cbgreatlakes.com • Coldwell Banker Schmidt-Glen A
Listing closed: 06/10/2024 12:00 AM • Source: MiRealSource, MLS#: 80046105

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Recent comparable sales

Median sold price

$365,000

Avg days on market

24

Sale-to-list ratio

97.5%

Cedar, MI

9 comparable properties found

$780,000 | 3596 South Shady Lane, Cedar, MI 49621
1/35
1

$780,000

Sold 11/22/24

2
Bedrooms
672
Square Feet
1.71
Acres
$490,000 | 2470 Cherry Lane, Cedar, MI 49621
1/55
2

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Sold 09/11/26

2
Bedrooms
1,140
Square Feet
0.29
Acres
$440,000 | 405 East Shetland Trail, Cedar, MI 49621
1/32
3

$440,000

Sold 07/11/25

1
Bedrooms
382
Square Feet
10
Acres
$350,000 | 950 East Sullivan Woods Road, Cedar, MI 49621
1/43
4

$350,000

Sold 08/27/26

2
Bedrooms
864
Square Feet
10
Acres
$275,000 | 4161 Hemlock Road, Unit LOT: 155, Cedar, MI 49621
1/20
5

$275,000

Sold 05/05/25

2
Bedrooms
1,150
Square Feet
0.28
Acres
$275,000 | 4161 Hemlock Road, Cedar, MI 49621
1/20
6

$275,000

Sold 05/05/25

2
Bedrooms
1,150
Square Feet
0.28
Acres
$365,000 | 656 192nd Avenue Northeast, Cedar, MN 55011
7

$365,000

Sold 04/25/25

2
Bedrooms
1,048
Square Feet
3.5
Acres
$400,000 | 20061 Flintwood Street Northwest, Cedar, MN 55011
8

$400,000

Sold 06/13/25

2
Bedrooms
1,568
Square Feet
2.45
Acres
$324,900 | 991 East Bellinger Road, Cedar, MI 49621
1/15
9

$324,900

Sold 05/30/25

2
Bedrooms
828
Square Feet
2.17
Acres

Location

Listing Courtesy of Coldwell Banker Schmidt-Glen A

Sold By Coldwell Banker Schmidt-522

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$2,304 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,162

Property Taxes

$142

HOA Dues

$0

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Property Information for 566 West Traverse Lake Road

Property Details
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Cottage
  • Has Waterfront: No
  • Zoning Description: Other
Building Information
  • Stories: 1
  • Year Built: 1960
  • Lot Size: 0.85 AC / 37,026 SF
Summary
Location and General Information
  • Directions: From M22, north on W Traverse Lake Rd, cottage is 1/10th of a mile north on the right (east). Look for sign.
  • Latitude: 44.9251
  • Longitude: -85.864319
  • MLS Area Major: Cleveland Twp (45003)
Taxes and HOA
  • Parcel Number: 45-003-010-018-50
Parking
  • Garage: No
Property
Lot Information
  • Lot Features: Wooded
  • Lot Size Acres: 0.85
Property and Assessments
  • Above Grade Finished Area: 588.0
  • Building Area Total: 588.0
  • Living Area: 588.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1960
Building Features
  • Other Structures: Shed(s)
  • Construction Materials: Wood Siding
  • Total Stories: 1
Utilities
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Well, Private
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Deck
Interior Features
  • Appliances: Microwave, Refrigerator, Range, Oven, Electric Water Heater
  • Basement: Crawl Space, Block
  • Has Basement: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Cooling: Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Natural Gas
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Fireplace Features: Gas
  • Interior Features: Cathedral Ceiling(s)
  • Main Level Bathrooms: 1
  • Water Heater: Electric
Room Information
Room 1
  • Type: Bedroom 2
  • Level: Main
  • Description: Wood
  • Dimensions: 11x8
  • Length: 11.0
  • Width: 8.0
Room 2
  • Type: Living Room
  • Level: Main
  • Description: Wood
  • Dimensions: 18x10
  • Length: 18.0
  • Width: 10.0
Room 3
  • Type: Bedroom 1
  • Level: Main
  • Description: Wood
  • Dimensions: 10x9
  • Length: 10.0
  • Width: 9.0
Room 4
  • Type: Kitchen
  • Level: Main
  • Dimensions: 10x9
  • Length: 10.0
  • Width: 9.0

Property History for 566 West Traverse Lake Road

DateEvent & SourcePriceAppreciation
Jun 10, 2024

Sold

MiRealSource #80046105

$405,000—
May 27, 2024

Contract Signed

MiRealSource #80046105

—
May 21, 2024

Listed (Active)

MiRealSource #80046105

$335,000—
DateEvent & SourcePrice
06/10/2024

Sold

MiRealSource #80046105

$405,000
05/27/2024

Contract Signed

MiRealSource #80046105

—
05/21/2024

Listed (Active)

MiRealSource #80046105

$335,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 566 West Traverse Lake Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,703 ($142 / month)
Home Facts
Beds0Baths1Lot Size37,026 SqFtStyleSingle Family ResidenceYear Built1960Year Renovated1960CountyLEELANAUAPN003-010-018-50

Schools near 566 West Traverse Lake Road

This home is within Leland Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Rating
School
Distance
Leland Public School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Schmidt-Glen A

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.