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  • Primary Photo - Oak Terrace
  • Community Room - Oak Terrace
    1BR, 1BA - 575SF - Kitchen - Oak Terrace
  • 1BR, 1BA - 575SF - Living Room - Oak Terrace
    1BR, 1BA - 575SF - Living Room - Oak Terrace
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View All Hours Office Hours Monday - Friday, 8am - 4pm Saturday & Sunday, Closed

Oak Terrace media gallery Unit
call 231-642-9485
Floor Plan View Body
Michigan Grand Traverse County Traverse City

Oak Terrace

1240 Oak Terrace Dr, Traverse City, MI 49686

Senior Housing 55+
1.0
Renter Rating 1 Review
1 Week Ago
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231-642-9485
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  • Monthly Rent

    $796 - $1,194

  • Bedrooms

    1 bd

  • Bathrooms

    1 ba

  • Square Feet

    550 - 575 sq ft

Oak Terrace
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Embrace a vibrant and independent lifestyle at Oak Terrace Apartments, the premier choice for seniors (55+) and residents with disabilities in Traverse City, Michigan. Situated at 1240 Oak Terrace Drive, our community offers a tranquil setting that is just minutes away from the excitement of the city. You are perfectly positioned to enjoy the stunning views of Grand Traverse Bay, explore local wineries, or access world-class medical care at Munson Medical Center. Oak Terrace is designed to support your wellness and social life. We are proud to offer an on-site workout facility, allowing you to stay active and fit without leaving the comfort of your building. During the beautiful Northern Michigan summers, our community grill and picnic areas become a hub of activity where neighbors share meals and stories. Your 1-bedroom apartment is a private sanctuary featuring central heating, air conditioning, and a smoke-free environment. We know that pets are family, which is why we are a pet-friendly community. With responsive 24/7 maintenance and on-site laundry, Oak Terrace offers a worry-free lifestyle where you can focus on what matters most to you.

Read More

Highlights

  • Quiet Area
  • Picnic Area
  • Grill

Pricing & Floor Plans

1 BEDROOM
$796 – $1,194 1 Bed 1 Bath 550 – 575 Sq Ft
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 3
    price $796
    square feet 575
    availibility Now
  • Unit 1
    price $996
    square feet 575
    availibility Now
  • Unit 4
    price $1,194
    square feet 575
    availibility Now
1 BEDROOM
$796 – $1,194 1 Bed 1 Bath 550 – 575 Sq Ft
3 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 3
    price $796
    square feet 575
    availibility Now
  • Unit 1
    price $996
    square feet 575
    availibility Now
  • Unit 4
    price $1,194
    square feet 575
    availibility Now
* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out.View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.
* Square footage definitions vary. Displayed square footage is approximate.

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

  • Surface Lot

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Details

Utilities Included

  • Heat
  • Trash Removal

Property Information

  • Built in 1985
  • 48 units/1 story

Specialty Housing Details

  • This property is intended and operated for occupancy by persons 55 years of age or older.

Matterport 3D Tours

Located at 1240 Oak Terrace Dr in Traverse City, MI, this one-bedroom, one-bathroom unit offers a well-organized, single-floor layout designed for comfortable, efficient living. Light wood-style flooring runs throughout the space, lending a clean and cohesive look to every room. The combined kitchen and living area serves as the heart of the unit. The galley-style kitchen is outfitted with warm oak cabinetry, light countertops, a double-basin sink, a white electric range, and a full-size refrigerator — providing ample storage and functional workspace. A peninsula counter separates the kitchen from the entry, creating a natural transition into the living area, which receives generous natural light through a large window overlooking a wooded landscape. The bedroom is a comfortable, private retreat featuring a built-in double closet with bi-fold doors and a window that frames lush, tree-lined views. Baseboard heating runs along the perimeter, ensuring year-round comfort. The bathroom is thoughtfully equipped with accessibility in mind, including multiple grab bars, a full-sized tub/shower combo, and a wood-toned vanity with a light countertop. Light-toned walls and wood-style flooring maintain a clean, consistent aesthetic throughout.

1BR, 1BA -
1/4
Located at 1240 Oak Terrace Dr in Traverse City, MI, this one-bedroom, one-bathroom unit offers a well-organized, single-floor layout designed for comfortable, efficient living. Light wood-style flooring runs throughout the space, lending a clean and cohesive look to every room.

The combined kitchen and living area serves as the heart of the unit. The galley-style kitchen is outfitted with warm oak cabinetry, light countertops, a double-basin sink, a white electric range, and a full-size refrigerator — providing ample storage and functional workspace. A peninsula counter separates the kitchen from the entry, creating a natural transition into the living area, which receives generous natural light through a large window overlooking a wooded landscape.

The bedroom is a comfortable, private retreat featuring a built-in double closet with bi-fold doors and a window that frames lush, tree-lined views. Baseboard heating runs along the perimeter, ensuring year-round comfort.

The bathroom is thoughtfully equipped with accessibility in mind, including multiple grab bars, a full-sized tub/shower combo, and a wood-toned vanity with a light countertop. Light-toned walls and wood-style flooring maintain a clean, consistent aesthetic throughout. Located at 1240 Oak Terrace Dr in Traverse City, MI, this one-bedroom, one-bathroom unit offers a well-organized, single-floor layout designed for comfortable, efficient living. Light wood-style flooring runs throughout the space, lending a clean and cohesive look to every room.

The combined kitchen and living area serves as the heart of the unit. The galley-style kitchen is outfitted with warm oak cabinetry, light countertops, a double-basin sink, a white electric range, and a full-size refrigerator — providing ample storage and functional workspace. A peninsula counter separates the kitchen from the entry, creating a natural transition into the living area, which receives generous natural light through a large window overlooking a wooded landscape.

The bedroom is a comfortable, private retreat featuring a built-in double closet with bi-fold doors and a window that frames lush, tree-lined views. Baseboard heating runs along the perimeter, ensuring year-round comfort.

The bathroom is thoughtfully equipped with accessibility in mind, including multiple grab bars, a full-sized tub/shower combo, and a wood-toned vanity with a light countertop. Light-toned walls and wood-style flooring maintain a clean, consistent aesthetic throughout.

About Oak Terrace

Embrace a vibrant and independent lifestyle at Oak Terrace Apartments, the premier choice for seniors (55+) and residents with disabilities in Traverse City, Michigan. Situated at 1240 Oak Terrace Drive, our community offers a tranquil setting that is just minutes away from the excitement of the city. You are perfectly positioned to enjoy the stunning views of Grand Traverse Bay, explore local wineries, or access world-class medical care at Munson Medical Center. Oak Terrace is designed to support your wellness and social life. We are proud to offer an on-site workout facility, allowing you to stay active and fit without leaving the comfort of your building. During the beautiful Northern Michigan summers, our community grill and picnic areas become a hub of activity where neighbors share meals and stories. Your 1-bedroom apartment is a private sanctuary featuring central heating, air conditioning, and a smoke-free environment. We know that pets are family, which is why we are a pet-friendly community. With responsive 24/7 maintenance and on-site laundry, Oak Terrace offers a worry-free lifestyle where you can focus on what matters most to you.

Oak Terrace is an apartment community located in Grand Traverse County and the 49686 ZIP Code. This area is served by the Traverse City Area Public Schools attendance zone.

Contact

View Property Website
Language: English
Open 8am - 4pm Today
  • Monday - Friday, 8am - 4pm
  • Saturday & Sunday, Closed
Property Management Company Logo

Community Amenities

Fitness Center

Laundry Facilities

Grill

Picnic Area

  • Laundry Facilities
  • Maintenance on site
  • Fitness Center
  • Gameroom
  • Grill
  • Picnic Area

Apartment Features

Air Conditioning

Dishwasher

High Speed Internet Access

Refrigerator

  • High Speed Internet Access
  • Air Conditioning
  • Heating
  • Smoke Free
  • Sprinkler System
  • Wheelchair Accessible (Rooms)
  • Dishwasher
  • Disposal
  • Kitchen
  • Refrigerator
  • Carpet
  • Vinyl Flooring
  • Recreation Room
  • Linen Closet
Location
1240 Oak Terrace Dr, Traverse City,
MI 49686
Get Directions
Schools Restaurants Groceries Coffee Banks Shops Fitness
| Edit
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Destination is required

Under 30 minutes

Commute Time is calculated at rush hour.
City - Traverse City

Traverse City, nestled along Grand Traverse Bay, combines small-town atmosphere with modern conveniences. The rental market offers diverse options, with average rents ranging from $1,276 for studios to $1,904 for three-bedroom homes, showing annual increases between 2-7.8%. Downtown's historic buildings feature apartments and condominiums, while established neighborhoods like Central, Old Towne, and Slabtown offer single-family rental homes and duplexes. The walkable downtown area features independent shops and restaurants, with easy access to entertainment and dining options.

The city's location on Grand Traverse Bay provides year-round recreational opportunities, with the TART trail system connecting neighborhoods to parks and waterfront areas. Northwestern Michigan College and the Interlochen Center for the Arts contribute to the community's educational and cultural landscape.

Learn more about living in Traverse City 
Amenities
  • Laundry Facilities
  • Maintenance on site
  • Grill
  • Picnic Area
  • Fitness Center
  • Gameroom
  • High Speed Internet Access
  • Air Conditioning
  • Heating
  • Smoke Free
  • Sprinkler System
  • Wheelchair Accessible (Rooms)
  • Dishwasher
  • Disposal
  • Kitchen
  • Refrigerator
  • Carpet
  • Vinyl Flooring
  • Recreation Room
  • Linen Closet
Expenses
Utilities Included
Heat, Trash Removal Included
Office Hours
Monday 8am - 4pm
Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm
Friday 8am - 4pm
Saturday Closed
Sunday Closed
231-642-9485
Education
Colleges & Universities Distance
Colleges & Universities Distance
Northwestern Michigan College
Drive: 8 min 3.3 mi
Baker College of Cadillac
Drive: 59 min 43.0 mi
Oak Terrace is within 8 minutes or 3.3 miles from Northwestern Michigan College. It is also near Baker College of Cadillac.
Schools
  • Public Schools
  • Private Schools
Long Lake Elementary School
Public Elementary School
Grades PK-5
346 Students
Nearby
North Ednew Horizons
Public Elementary, Middle & High School
Grades PK-12
69 Students
Nearby
Traverse Heights Elementary School
Public Elementary School
Grades PK-5
238 Students
Attendance Zone
Central High School
Public Middle & High School
Grades 6-12
1,304 Students
Attendance Zone
East Middle School
Public Middle School
Grades 6-8
833 Students
Attendance Zone
Traverse Bay Mennonite School
Private Elementary, Middle & High School
Grades K-12
27 Students
Nearby
Cornerstone Christian School
Private Elementary School
Grades PK-5
Nearby
School data provided by The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology


Data provided by GreatSchools.org © 2026. All rights reserved.
Transportation

Oak Terrace is near Cherry Capital, located 3.6 miles or 12 minutes away.

Airports Distance
Airports Distance
Cherry Capital
Drive: 12 min 3.6 mi
Getting Around
Fairly Walkable
Walkability
40 / 100
Limited Public Transit
Transit
20 / 100
Exceptionally Drivable
Drivability
100 / 100
Fairly Bikeable
Bikeability
50 / 100

Scores provided by

What do Walkability, Transit, Drivability, and Bikeability mean? Walkability measures the walking distance to day-to-day needs. Transit measures access to public transportation. Drivability measures congestion, parking availability, and access to major roads. Bikeability measures the suitability for cycling. How It Works
Calm
Soundscore™
90 / 100

Traffic

Calm

Airport

Busy

Businesses

Active

Scores provided by

HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It Works
Points of Interest

Time and distance from Oak Terrace.

Shopping Centers Distance
Shopping Centers Distance
Cherryland Center
Walk: 14 min 0.8 mi
1280 S Airport
Walk: 16 min 0.8 mi
Garfield Village Shopping Center
Drive: 4 min 1.7 mi
Oak Terrace has 3 shopping centers within 1.7 miles, which is about a 4-minute drive. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Joseph H. Rogers Observatory
Drive: 4 min 2.0 mi
Traverse City State Park
Drive: 7 min 2.7 mi
Miller Creek Nature Reserve
Drive: 7 min 3.2 mi
Boardman River Nature Center
Drive: 9 min 3.8 mi
Grand Traverse Natural Education Reserve
Drive: 9 min 3.9 mi
Oak Terrace has 5 parks within 3.9 miles, including Joseph H. Rogers Observatory, Traverse City State Park, and Miller Creek Nature Reserve.
Hospitals Distance
Hospitals Distance
Munson Medical Center
Drive: 12 min 5.1 mi
Oak Terrace is 5.1 miles and a 12 minute drive from Munson Medical Center.
 
 

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Oak Terrace Photos

  • Oak Terrace

  • 1BR, 1BA -

  • Community Room

  • 1BR, 1BA - 575SF - Kitchen

  • 1BR, 1BA - 575SF - Living Room

  • 1BR, 1BA - 575SF - Living Room

  • 1BR, 1BA - 575SF - Bedroom

  • 1BR, 1BA - 575SF - Bedroom

  • 1BR, 1BA - 575SF - Bathroom

Models

  • 1BR, 1BA - 575SF

  • 1BR, 1BA - 575SF

Frequently Asked Questions
Does Oak Terrace have in-unit laundry?

While Oak Terrace does not provide in‑unit laundry, on‑site laundry facilities are available for shared resident use.

What utilities are included in rent at Oak Terrace?

Select utilities are included in rent at Oak Terrace, including heat and trash removal. Residents are responsible for any other utilities not listed.

Is parking available at Oak Terrace?

Parking is available at Oak Terrace. Contact this property for details.

Which floor plans are available, and what are the price ranges?

Oak Terrace has one-bedroom available with rent ranges from $796/mo. to $1,194/mo.

Is Oak Terrace pet-friendly?

Oak Terrace does not allow pets, though service animals are always welcome in accordance with applicable laws.

How much income do I need to rent at Oak Terrace?

A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $796 for a one-bedroom, you would need to earn about $31,840 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.

Does Oak Terrace have move-in specials?

Oak Terrace is not currently offering any rent specials. Check back soon, as promotions change frequently.

Does Oak Terrace offer Matterport 3D tours?

Yes! Oak Terrace offers 4 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.

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What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Learn How It Works

What is a Sound Score Rating?

A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.

Learn How It Works

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1240 Oak Terrace Dr

Traverse City, MI 49686

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