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For sale
    • Price cut: $290K (7/20)
    $1,885,000

    2987 Franklin St #Penthouse, Detroit, MI 48207

    4beds
    4,860sqft
    : 
    $16,498/mo
    Get pre-qualified
    Condominium
    Built in 1943
    -- sqft lot
    $1,740,400 Zestimate®
    $388/sqft
    $891/mo HOA

    What's special

    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
    115 days
    |
    1,266
    |
    63
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Randall S Fogelman 313-378-4270,

    O'Connor Realty Detroit, LLC 313-963-9891,

    Daniel Ericksen 248-376-2231,

    O'Connor Realty Detroit, LLC

    Source: Realcomp II,MLS#: 20261027850MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Entry
      • Area: 480
      • Dimensions: 24 X 20
      Bedroom
      • Level: Entry
      • Area: 225
      • Dimensions: 15 X 15
      Bedroom
      • Level: Entry
      • Area: 225
      • Dimensions: 15 X 15
      Bedroom
      • Level: Entry
      • Area: 225
      • Dimensions: 15 X 15
      Primary bathroom
      • Level: Entry
      • Area: 192
      • Dimensions: 12 X 16
      Other
      • Level: Entry
      • Area: 90
      • Dimensions: 6 X 15
      Other
      • Level: Entry
      • Area: 90
      • Dimensions: 6 X 15
      Other
      • Level: Entry
      • Area: 72
      • Dimensions: 6 X 12
      Other
      • Level: Second
      • Area: 20
      • Dimensions: 5 X 4
      Kitchen
      • Level: Second
      • Area: 735
      • Dimensions: 35 X 21
      Living room
      • Level: Entry
      • Area: 700
      • Dimensions: 20 X 35
      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: Built In Gas Oven, Dishwasher, Dryer, Free Standing Refrigerator, Gas Cooktop, Vented Exhaust Fan, Washer, Wine Refrigerator
      Features
      • Elevator, Entrance Foyer, High Speed Internet, Programmable Thermostat, Sound System, Wet Bar
      • Basement: Common,Unfinished
      • Has fireplace: Yes
      • Fireplace features: Great Room, Wood Burning
      Interior area
      • Total interior livable area: 4,860 sqft
      • Finished area above ground: 4,860

      Property

      Parking
      • Parking features: Assigned 2 Spaces, Direct Access, Parking Lot, No Garage
      Features
      • Levels: Bi Level
      • Entry location: UpperLevelwElevator
      • Patio & porch: Patio
      • Exterior features: Balcony, Permeable Paving
      Details
      • Parcel number: W11I000072S014
      • Special conditions: Short Sale No,Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Loft,Split Level
      • Property subtype: Condominium
      Materials
      • Brick, Metal Siding
      • Foundation: Basement, Poured
      • Roof: Rubber
      Condition
      • New construction: No
      • Year built: 1943
      • Major remodel year: 2020

      Utilities & green energy

      • Electric: Generator
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: FRANKLIN 2987 LOFTS CONDO
      HOA
      • Has HOA: Yes
      • Services included: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Water
      • HOA fee: $891 monthly
      Location
      • Region: Detroit

      Financial & listing details

      • Price per square foot: $388/sqft
      • Tax assessed value: $220,274
      • Annual tax amount: $18,284
      • Date on market: 5/1/2026
      • Cumulative days on market: 116 days
      • Listing agreement: Exclusive Agency
      • Listing terms: Cash,Conventional,Warranty Deed
      • Exclusions: Exclusion(s) Do Not Exist

        Estimated market value

        $1,740,400

        $1.65M - $1.83M

        $5,808/mo

        Price history

        DateEventPrice
        7/20/2026Price change$1,885,000-13.3%$388/sqft
        Source: Realcomp II #20261027850 Report a problem
        5/1/2026Listed for sale$2,175,000$448/sqft
        Source: Realcomp II #20261027850 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Rivertown

        Getting around

        82 / 100
        Very Walkable
        50 / 100
        Good Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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