For Sale
688 Balfour Street, Grosse Pointe Park, MI 48230
$1,585,000
MLS # 20261047454 (Realcomp)
5 beds7 baths6,883 sqftBuilt 19410.65 acres
1 / 43
Listing Description
The perfect combination of timeless pre-war character and thoughtfully curated modern updates, just steps from Lake St. Clair. This exceptional residence offers an ideal blend of historic charm and today's most desired amenities, featuring a beautifully updated kitchen that opens seamlessly to the stunning round family room, creating a rare and functional open-concept layout.Recent improvements include a newly renovated foyer, living room, and first-floor powder room, along with numerous cosmetic updates throughout the home that further elevate its style and appeal. All bathrooms have been updated, and the home also features a mudroom located off the attached heater garage, second-floor laundry (plus additional basement laundry), and a spectacular finished lower level complete with a large entertainment area, wet bar, and spa-inspired full bath.Virtually every major system has been addressed, including plumbing, electrical, windows, copper gutters, HVAC, blown-in insulation, and a French drain system—providing peace of mind for years to come. Situated on an impressive 0.65-acre lot, additional highlights include a circular driveway and additional storage shed.A truly rare offering in Grosse Pointe Park, combining character, scale, modern updates, and an unbeatable location near the waterfront, resident-only parks, and just minutes from Downtown Detroit.
Source: SparkMLS
About this home
This 5-bedroom, 7-bath, 6,883 sq ft home built in 1941 sits in Grosse Pointe Park in Grosse Pointe Park.
Asking $1,585,000 (about $230/sq ft).
Estimated annual property tax: $30,958, or about $2,580 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms7
Living Area6,883 sqft
Lot Size0.65 acres
Year Built1941
Stories2
Location
CityGrosse Pointe Park
MunicipalityGrosse Pointe Park City
Zip Code48230
CountyWayne
School DistrictGrosse Pointe
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
InteriorBasement Finished
Sale & Financing
Listed6/22/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$30,958
Parcel #39009020046302
Source: SparkMLS
Legal Description
*PKKYY46B* LOT 46 EXC THAT PT THEREOF DESC AS BEG ALONG A CURVE CONCAVE TO THE E. RAD 1242.50 FT , ARC 200.05 FT CH S 32D 22M 48S E 199.84 FT FROM THE N WLY COR OF SAID LOT 46 - - TH N 41D 50M 09S E 108.4 FT - TH S 19D 10M 37S W 126.53FT - TH ALONG A CURVE CONCAVE TO THE E, RAD 1242.50 FT, ARC 49.49 FT, CH N 38D 08M 02S W 49.49FT TO POB - WINDMILL PTE SUB PC 126,127,379,570,696 L37 P5,6 WCR -
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James B Saros
Jim Saros Real Estate Services
Frequently Asked Questions about 688 Balfour Street, Grosse Pointe Park, MI 48230
Which school district serves 688 Balfour Street, Grosse Pointe Park, MI 48230?
Per MLS# 20261047454, 688 Balfour Street, Grosse Pointe Park, MI 48230 is in the Grosse Pointe boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grosse Pointe directly to confirm enrollment eligibility.
What financing options are available for 688 Balfour Street, Grosse Pointe Park, MI 48230?
Per MLS# 20261047454, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 688 Balfour Street, Grosse Pointe Park, MI 48230?
Per public tax records, annual property taxes for this property are $30,958. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 688 Balfour Street, Grosse Pointe Park, MI 48230 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 688 Balfour Street, Grosse Pointe Park, MI 48230 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 688 Balfour Street, Grosse Pointe Park, MI 48230?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$10,280
Principal & interest$10,280
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
688 Balfour Street, Grosse Pointe Park, MI 48230
View full property history →
Municipality
Grosse Pointe Park
View all listings →
County
Wayne County
View county overview →
Get email alerts for new listings near 688 Balfour Street
We'll notify you when something hits the market in Grosse Pointe Park or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.