2987 Franklin Street # PENTHOUSE Detroit, MI $ 1,885,000
2987 Franklin Street # PENTHOUSE
$ 1,885,000
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2987 Franklin Street # PENTHOUSE

Detroit, MI, 48207
$ 1,885,000
Bedrooms4 Baths4.1 Sq 4,860

Monthly Estimate*

$ 11,902

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Condo for sale in Detroit, MI

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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Condo Active

Price

$ 1,885,000

Bedrooms

4

Full Bath

4

Half Bath

1

Property Type

Condo

Taxes

$ 18,284

Style

Loft,Split Level

Year Built

1943

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261027850

Features
Interior
Interior Amenities Elevator EntranceFoyer HighSpeedInternet ProgrammableThermostat SoundSystem WetBar
Basement Common Unfinished
Fireplace Features GreatRoom WoodBurning
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 4860.0
Half Baths 1
Total Bedrooms 4
Above Grade Finished Area Unit Type SquareFeet
Total Baths 5
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Roof Rubber
Appliances BuiltInGasOven Dishwasher Dryer FreeStandingRefrigerator GasCooktop VentedExhaustFan Washer WineRefrigerator
HOA Fee 891.0
Garage Spaces 0.0
Association Fee Includes Insurance MaintenanceGrounds MaintenanceStructure Sewer SnowRemoval Water
Patio/Porch Features Patio
Architectural Style Loft SplitLevel
Construction Materials Brick MetalSiding
Exclusions Exclusion(s) Do Not Exist
Pets Allowed CatsOk DogsOk
Year Built 1943
Electric Generator
Levels BiLevel
Unit Number PENTHOUSE
Property Subtype Condominium
Assoc Fee Paid Per Monthly
County Wayne
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name FRANKLIN 2987 LOFTS CONDO
Garage Y/N N
Total Rooms 6
Full Baths 4
Status Active
Directions 2987 Franklin Detroit MI 48207
City DetroitCity_Wayne
Disclosures ExclusionsDoNotExist TaxesHomesteadExempt
Entry Location UpperLevelwElevator
Senior Community Y/N N
High School District Detroit
MLS Area Area05053DetWoodwardMcclellanSoMack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 18284.18
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
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 220274
Expected Active Date 2026-05-01
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 110000
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Exterior
Exterior Amenities Balcony PermeablePaving
Parking Features Assigned2Spaces DirectAccess ParkingLot NoGarage
Water Source Public
Foundation Details Basement Poured
Spa N
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2987
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* Excluded Features
List By
Randall S Fogelman

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 378-4270

Phone

Affordability Calculator

$13,426
Per Month
89%
11%
0%
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.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$1,885,000 -13.33% Price Down
4/27/2026$2,175,000 Listed Price

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2987 Franklin Street # PENTHOUSE, Detroit, MI, 48207 is a Condo for sale at $1,885,000 with 4,860 sqft. 2987 Franklin Street # PENTHOUSE has 4 bedrooms, 4.1 baths, and was built in 1943. The property's zip code is 48207 which is in Detroit, MI