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Waterfront Duplex with Two Cottages
New
For Sale
$720,000

4256 N Spider Lake Road, Traverse City, MI 49696

Multi-Family, Cottage, 1 Story, Traverse City, MI

Property Size1,456 SF
Lot Size0.43 Acres
Price / SF$494.51
Days on Market4

Property Features for 4256 N Spider Lake Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Zoning description Residential
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Patio and Porch features Deck
Interior features Solarium/Sun Room
Exterior features Deck
Appliances Refrigerator, Oven/Range
Elementary school district Traverse City Area Public Schools
Middle school district Traverse City Area Public Schools
High school district Traverse City Area Public Schools
Directions Rasho Road South to N Spider Lake Rd, homes on right.
Subdivision Grand Traverse
Standard status Active
Size 1,456 SF
Lot size 0.43 Acres

Taxes and HOA fees

Tax Description PART OF LOT 241 OF TH PLAT OF WILDWOOD PARK COMM NW LOT COR OF SD LOT 241 TH S 0 DEG 38' W ALG TH W LN OF SD LOT 260.30' TH S 89 DEG 48' E 67.2' TO TH SHORE OF SPIDER LAKE TH NELY ALG SD SHR TO TH E LN OF SD LOT 241 TH N 0 DEG 38' E 223.45' TH N 89 DEG 48
Legal Description PART OF LOT 241 OF TH PLAT OF WILDWOOD PARK COMM NW LOT COR OF SD LOT 241 TH S 0 DEG 38' W ALG TH W LN OF SD LOT 260.30' TH S 89 DEG 48' E 67.2' TO TH SHORE OF SPIDER LAKE TH NELY ALG SD SHR TO TH E LN OF SD LOT 241 TH N 0 DEG 38' E 223.45' TH N 89 DEG 48

Utilities

Water source Private
Water front features Lake
Water front 1

Amenities

sandy beach
sunroom
large lakeside deck

Building Details

Year built 1959
Floors in Building 1
Number of units 2
Building materials Frame
Roof type Metal, Asphalt
Architectural style Other, Cottage
Listing Agency: Berkshire Hathaway Homeservices - TC
Listed By: Kenneth Weaver · License #6501310917
Added: Sep 2 Changed: Sep 5 Last Checked: Sep 5 at 12:06PM
MLS# 1950207

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This residential duplex property comprises two separate frame cottages totaling 1,456 square feet on a 0.43-acre waterfront parcel. The one-bedroom, one-bath cottage and the two-bedroom, one-bath cottage include updated interiors, mini-split heating and cooling, and furnishings and household goods that convey. The larger cottage adds a sunroom and lakeside deck, while the property also includes kayaks, private water service, asphalt and metal roofing, and a mix of refrigerator and oven/range appliances.

Set on Spider Lake, the property has a sandy beach, level grounds, and lake frontage. Its township-recognized Cabin Court designation exempts it from local short-term rental restrictions. The address is near downtown Traverse City, the VASA Trail, state land, hiking, biking, ORV trails, and year-round recreational areas.

Key Highlights

  • Two separate cottages totaling 1,456 square feet on 0.43 acres
  • One‑bedroom, one‑bath and two‑bedroom, one‑bath cottage configurations
  • Spider Lake waterfront with sandy beach and lake frontage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Dental Office Parking Lot & Garage Kitchen & Bath Showroom Law Firm Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

20
Businesses Nearby

Demographics for 49696, MI

9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two updated cottages offer sandy lake frontage, established rental history, and flexible owner-use possibilities.
Where is this duplex located?
The property is located at 4256 N Spider Lake Road Traverse City, MI.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two separate cottages totaling 1,456 square feet on 0.43 acres; One‑bedroom, one‑bath and two‑bedroom, one‑bath cottage configurations; Spider Lake waterfront with sandy beach and lake frontage
More about this property
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