586 University Place Grosse Pointe, MI $ 700,000
586 University Place
$ 700,000
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586 University Place

Grosse Pointe, MI, 48230
$ 700,000
Bedrooms4 Baths2.1 Sq 2,782

Monthly Estimate*

$ 4,310

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Single Family Home for sale in Grosse Pointe, MI

for $700,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,782 square foot home was built in 1933 on a lot size of 0.18.

Welcome to 586 University Place in highly sought-after Grosse Pointe City, Michigan. This classic Grosse Pointe Colonial offers 4 bedrooms, 2.1 baths, and approximately 2,447 square feet of beautifully maintained living space in one of Metro Detroit's most desirable residential communities. Filled with timeless character and everyday functionality, this home features hardwood floors, spacious living and dining areas, a warm fireplace, an updated kitchen, generous bedroom space, a convenient mud room, and a finished lower level that provides additional space for entertaining, work, play, or fitness. Important updates include newer windows, an updated boiler, and a newer garage with walk-up storage, adding comfort, value, and everyday convenience. The private backyard and patio create an inviting outdoor setting for relaxing or entertaining. Located in the heart of Grosse Pointe City, residents enjoy access to the private lakefront city park, award-winning Grosse Pointe schools, nearby shopping, dining, parks, and the charm of one of Michigan's most recognizable historic communities. If you are searching for a 4-bedroom home in Grosse Pointe, a classic Colonial in Grosse Pointe City, or a move-in ready home near Lake St. Clair, 586 University Place delivers the location, lifestyle, updates, and character buyers are looking for.

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Single Family Active

Price

$ 700,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 8,119

Style

Colonial

Lot Size

0.18

Year Built

1933

Town/City

Grosse Pointe

County/Region

Wayne

MLS | Web ID

58050211454

Features
Interior
Interior Amenities EatInKitchen
Basement Block Full PartiallyFinished
Fireplace Features LivingRoom
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 2444.0
Half Baths 1
Total Bedrooms 4
Below Grade Finished Area 338.0
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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General
Sewer PublicSewer SewerAtStreet
Heating HotWater NaturalGas
Cooling CentralAir
Possession ClosePlus30Days
Appliances Dishwasher Disposal Oven Refrigerator Range
Garage Spaces 2.0
Architectural Style Colonial
Pool Features None
Construction Materials Cedar
Year Built 1933
Levels Two
Property Subtype SingleFamilyResidence
Tax Year 2025
Waterfront Features AllSportsLake LakePrivileges
Community Features Park Playground Sidewalks StreetLights TennisCourts
County Wayne
New Construction N
Property Type Residential
Association Amenities Park Playground
HOA Y
Attached Garage N
Subdivision Name GROSSE POINTE COLONY SUB
Garage Y/N Y
Total Rooms 8
Full Baths 2
Status Active
City GrossePointeCity_Wayne
Disclosures TaxesHomesteadExempt
Senior Community Y/N N
High School District GrossePointe
Zoning Description Residential
MLS Area Area05064GrossePointe
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 8119.92
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.zillow.com/view-imx/194ca44b-c3d2-4a6f-800f-632df7259a2c?initialViewType=pano
Standard Status Active
Tax Assessed Value 257883
Expected Active Date 2026-06-18
Legal Description CYS62 LOT 62 GROSSE POINTE COLONY SUB OF LOTS 18 19 20 ETC PC 299 300 458 L31 P95 WCR K 66.78
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Exterior
Fencing Fenced
Parking Features TwoCarGarage Detached ElectricityinGarage GarageDoorOpener
Water Source WateratStreet
Foundation Details Basement Block Slab
Spa N
Lot Dimensions 60 x 133
Lot Size Acres 0.18
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 586
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* Excluded Features
List By
Dean J. Sine

Listing Agent

Sine & Monaghan Llc

Broker

(313) 550-5335

Phone

Affordability Calculator

$4,987
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,310
Monthly Property Taxes
$677
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.
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Nearby
4909218 Elementary School
4909512 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$700,000 Listed Price

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586 University Place, Grosse Pointe, MI, 48230 is a Single Family Home for sale at $700,000 with 2,782 sqft and a lot size of 0.18. 586 University Place has 4 bedrooms, 2.1 baths, and was built in 1933. The property's zip code is 48230 which is in Grosse Pointe, MI