2987 Franklin Street # PENTHOUSE
Detroit, MI, 48207 $ 2,175,000
Bedrooms4 Baths4.1 Sq 4,860 Monthly Estimate*
$ 13,392
for $2,175,000 with 4 bedrooms and 4 full baths, 1 half bath. This 4,860 square foot condo was built in 1943.
Spanning nearly 5,000 square feet across multiple levels, this extraordinary Rivertown penthouse is a true collector's property - where architecture, craftsmanship, and panoramic views of both Detroit and Canada converge. Designed for both intimate living and large-scale entertaining, the residence opens to an expansive 1,750-square-foot private outdoor terrace - an exceptional extension of the living space and one of the largest of its kind in the city. The fully reimagined 2022 kitchen is a statement in design, featuring creamy-white custom cabinetry, illuminated vitrine accents, and a sculptural island with secondary sink. A custom staircase by Detroit artist Logan Merry creates a striking architectural connection to the main living areas. Throughout the home, bespoke elements define the experience: a hand-carved marble wood-burning fireplace, restored cathedral wood doors, and thoughtfully curated materials that elevate every space. The primary suite is a private retreat, complete with a freestanding copper soaking tub positioned for skyline views, an expansive mosaic glass steam shower, and a fully enclosed water closet. A secondary ensuite features a dramatic black granite soaking tub, continuing the home's theme of elevated, spa-like living. Floor-to-ceiling windows with motorized shades frame the city beyond, while every detail - from material selection to spatial flow - reflects a disciplined, design-forward vision. Two dedicated parking spaces in a gated adjacent lot complete this exceptional offering. A truly rare opportunity to own a bespoke penthouse of scale, character, and presence in Detroit.
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FeaturesInteriorInterior Amenities DSL Available Elevator/Lift Sound System Wet Bar/Bar
Basement Common Unfinished
Bedroom 3 Level Entry
Bedroom 1 Level Entry
Bedroom 2 Level Entry
Beds 4
Fireplace? Yes
Total Rooms 11
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GeneralHeating Forced Air
Kitchen Level Second
Possession At Close
Fireplaces Grt Rm Fireplace Natural Fireplace
Garage Direct Access
Water Public Water
Appliances Dishwasher Dryer Range/Oven Refrigerator Washer
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1943
Parking 2 Spaces
Subdivision Franklin 2987 Lofts Condo MI
Water Heater Gas
Style Split Level Loft
County Wayne
Class RESIDENTIAL
Type Condominium
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
HOA Fee Includes Maintenance Grounds Snow Removal Water Maintenance Structure Sewer
Structure Style Bi-Level
Area Detroit (82001)
Primary City Detroit
Directions 2987 Franklin Detroit MI 48207
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description N FRANKLIN UNIT NO 14 WAYNE COUNTY CONDO PLAN NO 1095 FRANKLIN 2987 LOFTS CONDOMINIUM RECORDED L54500 P897 DEEDS W C R 11/14 5.81%; 1 451 SQ FT SPLIT/COMBINED ON 10/05/2017 FROM 11000072-4
DOM 47
Postal Code 48207
Price Per Sq Ft Total AG 447.53
Public Remarks Spanning nearly 5 000 square feet across multiple levels this extraordinary Rivertown penthouse is a true collector's property - where architecture craftsmanship
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ExteriorExterior Brick Metal Siding
Exterior Amenities Exterior Balcony Patio
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByRandall FogelmanListing Agent
O'connor Realty Detroit, LlcBroker
randall@oconnordetroit.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,392
- Monthly Property Taxes
- $1,524
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Detroit, MI
Average List Price $319,482
Percent of Sale Price 85%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/27/2026 | $2,175,000 | | Listed Price |