8120 E Jefferson Avenue #5K
Detroit, MI 48214
Condominium · MLS # 20261092034 · Listing courtesy of National Realty Centers, Inc
About this home
Timeless Elegance on the Gold Coast - IVM Residence 5K Detroit's most storied building, Unit 5K offers 2,380 sq ft of gracious living in the landmark 1921 Indian Village Manor. A grand formal foyer opens to a home defined by classic architectural detail and thoughtful modern updates. The elegant living room is made for entertaining, and the spacious dining room showcases plaster-cast ceilings and refined moldings. A sunroom with walls of windows frames expansive city views, lush green space, and hints of the Detroit River and Lake St. Clair. The chef's kitchen blends vintage charm with serious function: vintage range, newer Bosch dishwasher, prep sink, built-in butcher block, and stainless countertops. Three bedrooms and two full baths include a newly renovated primary ensuite (2024) with walk-in shower and linen closet. A brand-new laundry room (2026) features an LG stacked washer and dryer and stainless wash basin. New high-rise rated windows throughout, walk-in closets, custom built-ins, and abundant storage complete the home. Building amenities elevate everyday living: guard booth entry, gated parking, 2 assigned parking spaces, personal storage unit, 24-hour security, two marble-and-brass lobbies, seven elevators, daily back-door trash pickup, a 24-hour gym with water views, community room, dry cleaning station, fenced dog park, a beautiful relaxation cove, and a professionally landscaped waterfront patio with lounge seating, fire pits, BBQ, vegetable garden. Fully staffed on-site management. In the heart of the Gold Coast and the Villages: walk or bike to coffee, cafe dining, cocktails, boutique shopping, galleries, patisseries, Belle Isle, and more. Owner-occupant buyers may qualify for Detroit's NEZ Homestead tax abatement, offering the potential for significant property tax savings.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $285,000, or $120 per square foot, 69% 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 Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $10,011 a year. A buyer who lives here would pay about $12,937 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
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 7:01 PM.