740 Clara Street
Commerce Twp, MI 48390
Single Family Residence · MLS # 20261092014 · Listing courtesy of Great Lakes Team Realty
About this home
A Luxury Lakeside Estate on 4.7 Private Acres | 10,002 Sq. Ft. of Living Space Welcome to a one-of-a-kind luxury masterpiece. Set on 4.7 wooded, private acres behind a gated entry, this estate delivers an “up north” experience while keeping you close to the energy of Metro Detroit, with easy access to the M-5 corridor. Offering 10,002 square feet of total living space, including the finished basement, and served by award-winning Walled Lake Schools, this home has it all. Life here revolves around the water. The property sits on serene, private Ellenwood Lake, ideal for swimming, fishing, canoeing, and kayaking. As a resident, you also enjoy the privileges of the private all-sports Commerce Lake, with boating, jet skiing, and a sandy beach. Outdoors, an exceptional in-ground pool with a pebble finish, designed by Beninati, anchors the resort-style grounds, complemented by a hot tub for year-round relaxation. Inside, the home’s sophistication and artistry go well beyond what photos can capture. Featured in Styleline Magazine for its exquisite design, every detail was envisioned, curated, and lovingly placed. Luxury amenities abound, presented in the finest selections of wood, stone, crystal, and tile, all with the highest quality custom craftsmanship. A chandelier lift makes maintenance effortless, while the wine cellar will delight any collector. Unwind in the sauna after a long day. The exquisite primary suite features a magnificent closet, plus his and hers closets for exceptional storage and organization. A spacious bonus room offers flexibility for a home office, home school space, media room, or playroom. Security and convenience come standard, with a security system, gated entry, and an electric car charger. The private drive winds through the grounds to a 2-story, 6-car garage, perfect for car enthusiasts, boats, and toys. Schedule your private showing today and experience this exceptional property in person.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Commerce Twp
Over the last 90 days, 116 homes sold in Commerce Twp for a median of $437,000, about $187 per square foot, and the typical one went under contract in 11 days. This home is listed at $2,200,000, or $220 per square foot, 18% above the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Commerce Twp sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $23,145 a year. A buyer who lives here would pay about $23,126 to $33,585 a year once the taxable value resets after the sale, at the 2025 homestead rate of 30.23 mills for Commerce Twp and Walled Lake 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 Commerce Twp
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