5481 Teakwood Drive
Monroe, MI 48161
Single Family Residence · MLS # 57050216143 · Listing courtesy of Coldwell Banker Haynes Real Estate Commercial
About this home
The first opportunity to purchase a home in prestigious Teakwood Estates in over 15 years. This extraordinary custom-built estate showcases uncompromising craftsmanship and timeless design throughout. A breathtaking marble foyer welcomes you with a sweeping double-curved staircase beneath a spectacular 12-foot crystal chandelier. Designed for both everyday living and grand entertaining, the home features a chef's kitchen with Sub-Zero appliances, imported custom cabinetry, soaring ceilings, exquisite millwork, and walls of windows that fill the home with natural light. The expansive first-floor primary suite offers a luxurious bath, custom walk-in closets, private office, and dedicated fitness area. The finished lower level with a full bar provides exceptional entertaining space. Perfectly positioned deep on its parcel and surrounded by mature trees, the backyard offers an exceptional level of privacy rarely found in a neighborhood setting, complete with a resort-style in-ground pool, spa, and pool house. Major recent improvements include a new roof, commercial-grade gutters, HVAC systems, hot water tanks, and a newly repaved and sealed driveway. A truly rare offering in one of Monroe County's most exclusive neighborhoods.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Monroe
Over the last 90 days, 170 homes sold in Monroe for a median of $225,000, about $149 per square foot, and the typical one went under contract in 10 days. This home is listed at $1,195,000, or $137 per square foot, 8% below the city median, and has been on the market 95 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Monroe sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $12,902 a year. A buyer who lives here would pay about $17,328 a year once the taxable value resets after the sale, at the 2025 homestead rate of 28.71 mills for Monroe Twp and Monroe 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 Monroe
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