You'll know you have arrived "Up North" when you enter this gorgeous Elk Lake home that invites in the beauty of the nature that surrounds it while providing for all the creature comforts. The lake is showcased in nearly every room in this thoughtfully designed Shores of Palastra home conveniently located on the SW side of Elk Lake close to the charming village of Elk Rapids yet just 20 minutes to Traverse City's attractions. The crescent ceiling of the foyer draws the eye to the panoramic lake view with 210 feet of private frontage. The stunning great room features a stone with oak wood burning fireplace, 15 ft oak beaming ceiling & specially lit games area. Kitchen & Dining rooms feature antiqued Chestnut floors with garden & lake views. Custom cabinetry w/ a large built in hutch, granite topped island and bar surround contrasting Corian counter tops, tumbled marble backsplash w/ hand designed tiles make this kitchen a delightful work space. Wake up every morning to stunning lake views in the master suite which features walk in closets & a large bathroom w/ custom cabinetry, heated tile floors, double sinks, seated vanity area, large walk in shower w/ curved tiled & glass, bathtub alcove & water closet. Lower level has spacious family room, 3 large bedrooms, office & beach entry bathroom with curved redwood walls & in floor heat. Home has laundry rooms on both floors, shop can be accessed from the garage as well as outside. Expansive cedar & aluminum deck as well as stone patio take advantage of the amazing setting with woods, lake, waterfall & gardens. Convenient outdoor shower keeps the beach sand outdoors. Conservancy land behind home, private setting! NEW Roof, 3 Garage Doors, Exterior Paint, Carpet, Furnaces
Single-familyProperty Type
1998Year Built
1.4 acresLot Size
$542Est. Price/Sq.Ft.
3 car garageParking
Listed by Camille Campbell• Coldwell Banker Schmidt Traverse City
Bought with Mary Boyce• Coldwell Banker Schmidt-Elk Ra
You'll know you have arrived "Up North" when you enter this gorgeous Elk Lake home that invites in the beauty of the nature that surrounds it while providing for all the creature comforts. The lake is showcased in nearly every room in this thoughtfully designed Shores of Palastra home conveniently located on the SW side of Elk Lake close to the charming village of Elk Rapids yet just 20 minutes to Traverse City's attractions. The crescent ceiling of the foyer draws the eye to the panoramic lake view with 210 feet of private frontage. The stunning great room features a stone with oak wood burning fireplace, 15 ft oak beaming ceiling & specially lit games area. Kitchen & Dining rooms feature antiqued Chestnut floors with garden & lake views. Custom cabinetry w/ a large built in hutch, granite topped island and bar surround contrasting Corian counter tops, tumbled marble backsplash w/ hand designed tiles make this kitchen a delightful work space. Wake up every morning to stunning lake views in the master suite which features walk in closets & a large bathroom w/ custom cabinetry, heated tile floors, double sinks, seated vanity area, large walk in shower w/ curved tiled & glass, bathtub alcove & water closet. Lower level has spacious family room, 3 large bedrooms, office & beach entry bathroom with curved redwood walls & in floor heat. Home has laundry rooms on both floors, shop can be accessed from the garage as well as outside. Expansive cedar & aluminum deck as well as stone patio take advantage of the amazing setting with woods, lake, waterfall & gardens. Convenient outdoor shower keeps the beach sand outdoors. Conservancy land behind home, private setting! NEW Roof, 3 Garage Doors, Exterior Paint, Carpet, Furnaces
REALCOMP #78001179592
Aug 31, 2018
Sold
$1,500,000
$253/sq ft
Apr 23, 2018
Listed
$1,575,000
$266/sq ft
MiRealSource-MiMLS #1166589
Aug 8, 2017
Listing Removed
—
Nov 1, 2016
Listed
$1,540,000
$260/sq ft
REALCOMP #78001166589
Aug 8, 2017
Listing Removed
—
Nov 1, 2016
Listed
$1,540,000
$260/sq ft
MiRealSource-MiMLS #1163280
Oct 31, 2016
Listing Removed
—
Jun 27, 2016
Listed
$1,625,000
$274/sq ft
REALCOMP #78001163280
Oct 31, 2016
Listing Removed
—
Jun 27, 2016
Listed
$1,625,000
$274/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$21,926 (+2.3%)
2024
$21,427 (+5.0%)
2023
$20,403 (+7.2%)
2022
$19,027 (+2.7%)
2021
$18,530 (+8.1%)
2020
$17,145 (−5.7%)
2019
$18,184
Tax history for 9587 Palaestrum Road Rd
Year
Property tax
Land + Additions
Assessment*
2025
$21,926 (+2.3%)
2024
$21,427 (+5.0%)
2023
$20,403 (+7.2%)
2022
$19,027 (+2.7%)
2021
$18,530 (+8.1%)
2020
$17,145 (−5.7%)
2019
$18,184
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.4 Acres
Year renovated
—
Sq. Ft.
5,927
Year built
1998
Style
Single Family Residential
County
Grand Traverse County
APN
13-730-012-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 3, 2026.
Property details
Parking
Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 3
Parking Features: Attached, Garage, Heated Garage, Garage Door Opener
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1
Heating & Cooling
Has Cooling
Cooling: Ceiling Fan(s), Central Air, Exhaust Fan
Has Heating
Heating: Forced Air, Propane
Interior Features
Interior Features: Cathedral Ceiling(s), Central Vacuum, Entrance Foyer, Pantry
Window Features: Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Softener Owned