Detroit’s Most Expensive Luxury Home Is a Fully Restored Victorian Masterpiece

Detroit’s Most Expensive Luxury Home Is a Fully Restored Victorian Masterpiece

 

97 Winder St

http://jewelofdetroit.com/

 

Parts of Detroit are revving up when it comes to real estate. In fact, the metro Detroit area hit an eight-year high in home values this year. But what if you don’t want to score a bargain in a city where the median sale price is $40,000?

Then we’d steer you in the direction of Detroit’s most palatial pad. Namely, 97 Winder St., the city’s most expensive listing at $2.99 million.

The towering 11,000-square-foot Victorian has been renovated with care by the current homeowners. According to listing agent Dan Mullan, the house was taken down to the studs after the owners purchased it in 2000, rescuing the residence from further disrepair. However, this wasn’t just any old renovation. “An insane level of detail” went into the project, he says.

“They tried to save everything they could. And the things they couldn’t, they had the new materials—for example some wooden molding—milled exactly the way it used to be. Everything that’s not original has been duplicated,” says Mullan.

Living area
Living area

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Built by architect John V. Smith in 1887, the house is a towering Queen Anne Victorian with gables, bay windows, a mansard roof, and an octagonal turret. Eight marble fireplaces, a ballroom, a banquet room, and a wooden three-story staircase are just a few features inside the 11-bedroom home that’s been furnished to look like it emerged straight out of the Victorian era.

And if you like that look, Mullan says, the home’s furnishings can be purchased separately. “DuMouchelles

[auction house] inventoried it at half a million. If a buyer wants it, they can have it.”

The house took four years to renovate with a full-time contractor working for the owners, who later turned the mansion into an inn. Aspiring innkeepers can pick up right where the business left off. Bonus: You’ll get some foot traffic from a burgeoning city sector.

Bathroom
Bathroom

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“It’s in the heart of the entertainment district,” Mullan says. The house is walking distance to the home fields of the Detroit Tigers (Comerica Park) and the Detroit Lions (Ford Field) and is around the corner from restaurants, theater, and night life.

“The immediate area around it is just exploding,” he says. “The area around it is being built up by developers with retail and high-end living areas going for around $300 a square foot.”

If the house pops off the market and comes back, don’t be surprised. Even with most of the renovations complete, Mullan says, they’re restoring some more exterior details (those columns need to be lathed down to every historic curve) and will be finished within a week with an updated price to reflect the extra work. The agent says the price will be set at $2,999,000, up from its current listed price of $2.5 million.

A large kitchen fit for feeding paying customers.
Large kitchen

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Winding staircase
Winding staircase

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Furnishings can be bought for an extra $500,000.
Furnishings can be bought for an extra $500,000.

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A bedroom with staircase to an upper loft.
A bedroom with spiral staircase to an upper loft

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All non-original woodwork has been milled to mirror the original.
All non original woodwork has been milled to mirror the original.
A great tour of some of the neighborhoods you might find homes like this are on this short video. They are in the upper middle class to high classs areas still left in Detroit. Many of the middle class neighborhoods in Detroit have become unstable and run down due to the economy crash in 2007 and now investors are coming in and buying up valueable property at a bargain price.
Check out this great video of the old Victorian neighborhoods

The post Detroit’s Most Expensive Home Is a Fully Restored Victorian Masterpiece appeared first on Real Estate News and Advice – realtor.com.

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By | 2017-01-18T16:27:16+00:00 August 23rd, 2016|luxury homes, Residential|3 Comments

About the Author:

Arie Abekasis - Founder of the Diditan Group Inspired by years of experience in the fashion industry, Arie Abekasis infuses the elegance and beauty of the Mediterranean into his company's portfolio of homes. The Diditan Group builds stylish homes in a range of sizes, from condominiums to sprawling estates. They design, build and finance fine Tuscan, Modern, Contemporary, Cape Code and Mediterranean-style luxury homes, condos and investment properties with the assistance of the top engineers, architects and craftspeople in the home building field. Offering nearly unlimited customization preferences, Arie Abekasis strives to provide superior craftsmanship, calling upon well-established architects, engineers, and designers to erect homes with all the sophistication, elegance, and functionality demanded by today’s discerning consumer. Along with providing comprehensive luxury living directly inspired by the enchanting ambiance of Italian countryside, creating an innovative internal and external atmosphere of beauty and serenity remains Arie Abekasis’ ultimate goal. Moreover, working harmoniously with Diditan Financial, an organization established in 2007 with a purpose of granting customers potential access to effective financial assistance, Diditan Group makes securing an affordable, hassle-free loan easier than ever. For a preview of residental and commercial properties built by Arie visit: https://plus.google.com/+Arieabekasis/collections.

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