2987 Franklin Street #PH 14
Detroit, MI 48207
Condominium · MLS # 20261069933 · Listing courtesy of Crain Homes
About this home
There are few residences in Detroit that offer this combination of scale, privacy, architectural character, and outdoor living. Spanning nearly 5,000 square feet, with a 1,750 square foot rooftop terrace, this remarkable penthouse feels more like a private estate than a traditional condominium. With generous space for dining, entertaining, and quiet evenings overlooking the city, this home is truly one of Detroit's best kept secrets. The rooftop terrace, which offers a private dog park area, is one of Detroit’s most exceptional private outdoor spaces. Inside, expansive windows bring the city into nearly every room. Originally designed by renowned Detroit architect Steve Flum, the interior is layered with distinctive architectural details and craftsmanship. The kitchen and bar area, completed in 2022, pairs handcrafted cabinetry and illuminated vitrines with an exceptional kitchen island, premium appliances, and elegant finishes. Installed throughout the residence are functional steel art pieces by Detroit artist Logan Merry, including the floating steel staircase and bathroom shelving. You will also find restored cathedral doors, and a hand-carved wood-burning fireplace that create an atmosphere that is sophisticated, artistic, and deeply connected to the building’s character. The primary suite offers a sense of retreat with a freestanding copper soaking tub, mosaic glass steam shower, and expansive custom closets. Three additional ensuite bedrooms provide privacy and comfort for family or guests. Thoughtful amenities include elevator access, motorized window shades, an integrated sound system, two sets of laundry appliances, and two dedicated parking spaces in a secure gated lot. Set just two blocks from the Detroit RiverWalk and minutes from Belle Isle, the Detroit Yacht Club, downtown, sports arenas, restaurants, and Detroit’s cultural destinations, this is a rare opportunity to experience the city from an entirely different vantage point.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,207 homes sold in Detroit for a median of $99,900, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $1,885,000, or $388 per square foot, 446% above the city median, and has been on the market 29 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $14,372 a year. A buyer who lives here would pay about $14,665 to $61,099 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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