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138 W Gillis Street , #19

Traverse City, MI 49684
  • $550,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 1944454
UPDATED: 39 min ago
$550,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 904
    SQFT
  • $608
    $/SQFT
Type:
Condo
Built:
2021
County:

School Ratings & Info

Description

Right in the heart of downtown Traverse City, this well-positioned 2-bedroom, 2-bath condo delivers the kind of lifestyle and income potential that savvy investors are actively seeking. Just steps from the shoreline of Grand Traverse Bay, along with award-winning restaurants, boutique shopping, and year-round events, the location alone drives consistent demand from both visitors and short-term renters. Inside, the layout is efficient and designed for low-maintenance ownership. Clean lines, functional living space, and lock-and-leave simplicity make it ideal as a personal retreat, second home, or turnkey rental. Whether hosting weekend guests or short-term tenants, the space supports ease of use and strong occupancy potential. The defining feature is the private rooftop deck overlooking the bay an elevated outdoor living space that creates a memorable guest experience and sets this unit apart in the rental market. Morning coffee with water views, sunset evenings above the city, and walkability to everything downtown all translate into lifestyle-driven value that today’s renters are willing to pay for. For investors, this is more than a downtown condo, it’s a strategic asset in one of Northern Michigan’s most desirable markets. A property that not only offers enjoyment but also the potential to generate income and offset ownership costs in a high-demand, four-season destination.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-05-21T06:51:57.557.
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138 W Gillis Street , #19 Traverse City, MI 49684

  • Price: $550,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 39 min ago
  • MLS #: 1944454
2
Beds
2
Baths
0
½ Baths
N/A
Acres
904
SQFT
$608
$/SQFT
2021
Built
Neighborhood:
Gillis Street Development
County:
Grand Traverse
Area:
Grand Traverse
School District:
Traverse City Area Public Schools
Property Description
Right in the heart of downtown Traverse City, this well-positioned 2-bedroom, 2-bath condo delivers the kind of lifestyle and income potential that savvy investors are actively seeking. Just steps from the shoreline of Grand Traverse Bay, along with award-winning restaurants, boutique shopping, and year-round events, the location alone drives consistent demand from both visitors and short-term renters. Inside, the layout is efficient and designed for low-maintenance ownership. Clean lines, functional living space, and lock-and-leave simplicity make it ideal as a personal retreat, second home, or turnkey rental. Whether hosting weekend guests or short-term tenants, the space supports ease of use and strong occupancy potential. The defining feature is the private rooftop deck overlooking the bay an elevated outdoor living space that creates a memorable guest experience and sets this unit apart in the rental market. Morning coffee with water views, sunset evenings above the city, and walkability to everything downtown all translate into lifestyle-driven value that today’s renters are willing to pay for. For investors, this is more than a downtown condo, it’s a strategic asset in one of Northern Michigan’s most desirable markets. A property that not only offers enjoyment but also the potential to generate income and offset ownership costs in a high-demand, four-season destination.
Exterior Features

Architectural Style Contemporary Carport YN No Construction Materials FrameStucco/DrivitPress Board Entry Location Stairway (Indoor)Other Foundation Details Slab Garage YN Yes Pool Private YN No Roof Membrane Spa YN No View Bay ViewBay View YN Yes

Interior Features

ABdrm 904 Above Grade Finished Area 904 Above Grade Finished Area Units Square Feet Accessibility Features None Appliances RefrigeratorOven/RangeDishwasher Below Grade Finished Area 0 Below Grade Finished Area Units Square Feet Below Grade Un Fin Apx Sq Ft 0 Cooling Central AirElectric Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes Interior Features Solid Surface CountersCable TVHigh Speed Internet Laundry Features Main Level Levels Two Main Level Bathrooms 1 Num Baths Lower 0 Num Baths Upper 1 Room Bedroom2 Area 83.811999999 Room Bedroom2 Level Upper Room Kitchen Level Main Room Living Room Level Main Room Master Bathroom Features Shared Room Master Bedroom Area 123.895999999 Room Master Bedroom Level Upper

Property Features

Association Dues Monthly Association Fee 6000 Association Fee Frequency Annually Association Fee Includes TrashSnow RemovalMaintenance Grounds Attached Garage YN Yes Community Features Pets Allowed Deeded Waterfront No ECOFeatures No Home Warranty YN No Horse YN No Lease Amount Frequency Annually Lease Considered YN No Lease Renewal Option YN No Listing Terms ConventionalCash1031 Exchange Lot Features Level Main Floor Primary Yes New Construction YN No Number Of Full Time Employees 18 Open Parking YN No Other Structures None Ownership Type Private Owner Parking Features AsphaltAttachedDrive Under/Built-In Pets Allowed Yes Possession Close Of Escrow Property Attached YN Yes Property Sub Type Single Family Residence Road Surface Type Asphalt Sewer Public Sewer Tax Assessed Value 213056 Tax Legal Description UNIT 19 – FRESH WATER FLATS II CONDOMINIUM GTC CONDO SUB PLAN NO 469 2021C-00008 MASTER DEED FILED FEBRUARY 82021. 2021C-00017 1ST AMENDMENT TO MASTER FILED APRIL 62021. SPLIT/COMBINED ON 03/19/2021 FROM 28-51-658-017-00 CREATING CHILDREN 28-51-162-00 Water Source Public Waterfront Features Near Pub.Access w/in 500' Waterfront YN No Zoning Description Residential

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Blue Lakes Real Estate Group TC LLC: 231-683-2125.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-05-21T06:51:57.557.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684