Set high atop Jefferson Hill with commanding, panoramic views of Grand Traverse Bay, Hillcrest is among the most iconic and storied residences in Northern Michigan. Prominently positioned in Traverse City’s historic Slabtown neighborhood, this extraordinary estate has long been admired for its striking presence and enduring place in the community’s landscape. Originally constructed in 1880 for prominent attorney Edwin S. Pratt, the home is a remarkable example of 19th-century craftsmanship, thoughtfully preserved and updated for modern living. Encompassing approximately 5,700 square feet, the residence offers 6 bedrooms, 4 baths, including an apartment with its own private entrance - perfect for guests, extended family, or income potential. Inside, the home reveals an elegant balance of historic character and livability. Expansive, sun-drenched rooms are complemented by soaring ceilings, rich woodwork, and original architectural details that reflect a bygone era of quality and design. Generous living and entertaining spaces provide both warmth and grandeur, while large windows frame stunning views of the bay and surrounding landscape. Set on more than 10 acres along Jefferson Avenue, the grounds are as captivating as the residence itself. The elevated setting offers unmatched privacy and a peaceful sense of retreat, just minutes from downtown Traverse City. A private pond, Kid’s Creek, and mature trees create a serene, park-like environment. Additional features include a three-car garage and a substantial pole barn. The expansive acreage offers both privacy and flexibility, with the option to maintain the full estate or consider future division. Hillcrest is more than a home - it is a legacy property. Rarely does an opportunity arise to own a property of such significance, scale, and setting. This is a once-in-a-generation offering.
Single-familyProperty Type
1879Year Built
10.74 acresLot Size
$399Price/Sq.Ft.
5 car garageParking
Listed by Jennifer Gaston• REMAX Bayshore - Union St TC
Set high atop Jefferson Hill with commanding, panoramic views of Grand Traverse Bay, Hillcrest is among the most iconic and storied residences in Northern Michigan. Prominently positioned in Traverse Citys historic Slabtown neighborhood, this extraordinary estate has long been admired for its striking presence and enduring place in the communitys landscape. Originally constructed in 1880 for prominent attorney Edwin S. Pratt, the home is a remarkable example of 19th-century craftsmanship, thoughtfully preserved and updated for modern living. Encompassing approximately 5,700 square feet, the residence offers 6 bedrooms, 4 baths, including an apartment with its own private entrance - perfect for guests, extended family, or income potential. Inside, the home reveals an elegant balance of historic character and livability. Expansive, sun-drenched rooms are complemented by soaring ceilings, rich woodwork, and original architectural details that reflect a bygone era of quality and design. Generous living and entertaining spaces provide both warmth and grandeur, while large windows frame stunning views of the bay and surrounding landscape. Set on more than 10 acres along Jefferson Avenue, the grounds are as captivating as the residence itself. The elevated setting offers unmatched privacy and a peaceful sense of retreat, just minutes from downtown Traverse City. A private pond, Kids Creek, and mature trees create a serene, park-like environment. Additional features include a three-car garage and a substantial pole barn. The expansive acreage offers both privacy and flexibility, with the option to maintain the full estate or consider future division. Hillcrest is more than a home - it is a legacy property. Rarely does an opportunity arise to own a property of such significance, scale, and setting. This is a once-in-a-generation offering.
MiRealSource-MiMLS #80067723
Jul 16, 2026
Price Changed
$3,000,000
$399/sq ft
May 3, 2026
Listed
$3,850,000
$512/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,049 (+2.6%)
2024
$6,873 (+5.1%)
2023
$6,540 (+4.3%)
2022
$6,271 (+3.4%)
2021
$6,064 (+0.9%)
2020
$6,008
2019
$6,010
Public record
Public record
Zoning
Beds
5
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
12.17 Acres
Year renovated
—
Finished Sq. Ft.
5,724
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,724
Year built
1879
Style
Single Family Residential
County
Grand Traverse County
APN
05-315-001-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 3, 2026.
R-1
One Family Residential District
The R-1 One Family Residential districts provide areas for low to medium density one family residential dwelling units. The districts include areas of existing one family developments as well as areas within which such development appears likely and desirable. They are intended to encourage more intensive development in and near the core areas of the township with less intensive development moving outward towards the more rural and remote areas of the township. The R-1 districts are designed to encourage a suitable neighborhood environment for family life by including among the permitted uses such facilities as schools and parks that will promote a sense of community and urban vitality.
Permitted uses
Include but are not limited to:
Housing-Single unit
Fire house
Police station
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 94° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Traverse City, MI • 49684
Average low and high temperatures (°F)
26
15
31
17
42
27
55
34
63
43
76
57
79
62
76
59
74
55
63
45
45
35
32
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
60/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
1.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3515 Jefferson Ave
$2,754,044
$246K under list price of $3.00M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $725K to $987K.