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Waterfront Short-Term Rental Cottages
For Sale
$699,900

4256 North Spider Lake Road, Traverse City, MI 49696

Two furnished lakefront cottages offer flexible vacation rental, owner-use, and multigenerational living options.

Property Size1,456 SF
Days on Market51

Property Features for 4256 North Spider Lake Road

General Information

Standard status Active
Size 1,456 SF
Property subtype Multi Family
Zoning Cabin Court

Units

Unit Mix 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Additional Details

Furnished Yes

Amenities

mini-splits
sunroom
lakeside deck
sandy beach
lake frontage

Building Details

Building Size 1,456 SF
Year Built 1959
Buildings 2
Listing Agency: Berkshire Hathaway Homeservices - TC
Listed By: Kenneth Weaver · License #6501310917
Source: Themittengroup
Added: Sep 2 Changed: Oct 11 Last Checked: Oct 21 at 6:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Homeservices - TC

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Investment Insights

Based on property information with market context.

This waterfront short-term rental property includes two separate cottages on a deep, level lot along Spider Lake. The first cottage has 1 bedroom and 1 bath, while the second offers 2 bedrooms, 1 bath, a sunroom, and a large deck facing the lake. Both residences have mini-split heating and cooling systems, and the sale includes furnishings, household items, kayaks, and other operating contents. The property was built in 1959 and has an established rental history.

A township Cabin Court designation provides an exemption from local short-term rental restrictions. The sandy waterfront setting supports continued vacation use, personal occupancy, extended-family stays, or a combination of these uses. The property is near downtown Traverse City, the VASA Trail, state land, hiking and biking routes, ORV trails, and year-round recreational amenities.

Key Highlights

  • Two separate Spider Lake cottages on a deep, level waterfront lot
  • 1‑bedroom, 1‑bath cottage plus 2‑bedroom, 1‑bath cottage
  • Second cottage includes a sunroom and large lakeside deck

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Two furnished lakefront cottages offer flexible vacation rental, owner-use, and multigenerational living options.
Where is this short term rental property located?
The property is located at 4256 North Spider Lake Road Traverse City, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two separate Spider Lake cottages on a deep, level waterfront lot; 1‑bedroom, 1‑bath cottage plus 2‑bedroom, 1‑bath cottage; Second cottage includes a sunroom and large lakeside deck
More about this property
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