2987 Franklin Street # PENTHOUSE
Detroit, MI, 48207 $ 1,885,000
Bedrooms4 Baths4.1 Sq 4,860 Monthly Estimate*
$ 11,902
for $1,885,000 with 4 bedrooms and 4 full baths, 1 half bath. This 4,860 square foot condo was built in 1943.
A Private Urban Estate | A Rare Detroit Penthouse Spanning nearly 5,000 square feet, this extraordinary penthouse ranks among Detroit's most architecturally distinctive residences. Hidden atop a historic Rivertown building, it offers the scale, privacy, and outdoor living more commonly associated with a private home than a traditional condominium. At the heart of the home is a 1,750-square-foot rooftop terrace, one of the largest private residential outdoor spaces in Detroit. Equal parts sanctuary and entertaining destination, it offers multiple areas for dining, lounging, and gathering beneath the skyline. Inside, dramatic floor-to-ceiling windows frame panoramic views stretching across downtown Detroit to Canada, filling the home with natural light by day and skyline views after dark. Originally designed by acclaimed Detroit architect Steve Flum, the residence is defined by exceptional craftsmanship. The 2022 custom kitchen features handcrafted cabinetry, illuminated vitrines, a sculptural island, premium appliances, and refined finishes, designed for everyday living and entertaining. A floating steel staircase by Detroit artist Logan Merry, restored cathedral doors, and a hand-carved marble wood-burning fireplace create a home that feels collected rather than constructed. The primary suite features a freestanding copper soaking tub, mosaic glass steam shower, and expansive custom closets. Three additional ensuite bedrooms provide exceptional accommodations for family and guests. Additional highlights include elevator access, motorized window shades, an integrated sound system, and two dedicated parking spaces within a secure gated lot. Just two blocks from Detroit's award-winning RiverWalk and moments from Belle Isle, the Detroit Yacht Club, downtown, acclaimed restaurants, sports venues, and cultural attractions, this is a residence unlike any other in Detroit, where authentic loft architecture, exceptional craftsmanship, and one of the city's most remarkable rooftop terraces come together in a singular
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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 92
Postal Code 48207
Price Per Sq Ft Total AG 387.86
Public Remarks A Private Urban Estate A Rare Detroit Penthouse Spanning nearly 5 000 square feet
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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
- $11,902
- Monthly Property Taxes
- $1,524
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $314,421
Percent of Sale Price 83%
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 |
|---|
| 7/20/2026 | $1,885,000 | -13.33% | Price Down |
| 4/27/2026 | $2,175,000 | | Listed Price |