MLS # 20261027850 (Realcomp)

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.
Source: SparkMLS
This 4-bedroom, 5-bath, 4,860 sq ft home built in 1943 sits in Near East Riverfront in Detroit.
Currently offered at $2,175,000 (about $448/sq ft).
Estimated annual property tax: $14,165, or about $1,180 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
HOA
Source: SparkMLS
Source: Public Records
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, 11000075.; SPLIT/COMBINED ON 11/06/2018 FROM 11000072-5;
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Randall S Fogelman
O'Connor Realty Detroit, LLC
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2987 Franklin Street, PENTHOUSE, Detroit, MI 48207
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Neighborhood
Near East Riverfront
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Community
Detroit
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County
Wayne County
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