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1771 Balmoral Dr, Detroit, MI, 48203

15beds
15baths
24,000sqft
$7,000,000
$292price/sqft
$71,763/moest. monthly cost
$2,870,520/yrincome needed

About This Home

A masterpiece of unparalleled luxury and historic grandeur, the Fisher Mansion stands as Detroit’s most iconic estate, nestled within the exclusive Palmer Woods community. Spanning over 20,000 sq. ft. on nearly 5 acres of lush, meticulously manicured grounds, this architectural jewel has been masterfully restored to its original splendor, blending timeless craftsmanship with modern refinement. Every inch of this estate is adorned with exquisite handcrafted details, from richly paneled mahogany walls and intricate woodwork to breathtaking stained-glass windows that cast radiant light throughout. Soaring ceilings amplify the grandeur of each space, while the indoor pool, 15 opulent bedrooms, and a fully finished lower level elevate the home’s prestige. A true testament to luxury and elegance, every room tells a story—this is more than a residence; it is a piece of Detroit’s legacy, redefined for the most discerning buyer. Buyer to verify all measurements and square footage. Taxes to be confirmed by buyer and buyer’s agent.

Getting Around

11
WalkingCar-Dependent
57
TransitGood Transit
41
BikeSomewhat Bikeable

Schools

4/10
4/10
Mumford High SchoolGrades 9-122.0 mi
5/10
Pasteur Elementary SchoolGrades PK-60.9 mi

Construction

Condition

  • Year built: 1926

Materials

  • Foundation: Basement,Stone
  • Roof: Slate
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: SingleFamily
  • Architectural style: Historic,Tudor
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Second
  • Area: 143
  • Dimensions: 11 x 13

Bedroom

  • Level: Second
  • Area: 108
  • Dimensions: 9 x 12

Bedroom

  • Level: Second
  • Area: 300
  • Dimensions: 15 x 20

Bedroom

  • Level: Second
  • Area: 464
  • Dimensions: 16 x 29

Bedroom

  • Level: Third
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Third
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Third
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 x 10

Bedroom

  • Level: Second
  • Area: 140
  • Dimensions: 10 x 14

Bedroom

  • Level: Second
  • Area: 288
  • Dimensions: 16 x 18

Bedroom

  • Level: Second
  • Area: 408
  • Dimensions: 17 x 24

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 15
  • Full bathrooms: 10
  • 1/2 bathrooms: 5

Dining Room

  • Level: Entry
  • Area: 550
  • Dimensions: 22 x 25

Features

  • Finished area below ground: 5,500
  • Finished area above ground: 18,500

Great Room

  • Level: Entry
  • Area: 888
  • Dimensions: 24 x 37

Heating & Cooling

  • Heating features: Hot Water,Natural Gas
  • Cooling features: Attic Fan,Central Air

Interior Area

  • Total interior livable area: 24,000 sqft

Kitchen

  • Level: Entry
  • Area: 576
  • Dimensions: 18 x 32

Library

  • Level: Entry
  • Area: 522
  • Dimensions: 18 x 29

Other

  • Level: Entry

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Third

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Second

Other

  • Level: Basement

Other

  • Level: Basement

Other

  • Level: Entry

Other

  • Level: Entry

Other

  • Level: Second

Other

  • Level: Entry
  • Area: 130
  • Dimensions: 10 x 13

Other

  • Level: Entry
  • Area: 425
  • Dimensions: 17 x 25

Primary Bathroom

  • Level: Second

Primary Bedroom

  • Level: Second
  • Area: 504
  • Dimensions: 18 x 28

Property

Details

  • Parcel number: W02I004635S
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Exist

Features

  • Levels: Three
  • Stories: 3
  • Entry location: GroundLevelwSteps
  • Pool features: In Ground,Indoor
  • Patio & porch: Covered,Patio

Lot

  • Lot size: 4.76 Acres
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 6
  • Parking features: Sixor More Car Garage,Attached
  • Has garage: Yes
  • Attached garage spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $35,395$424,740
Home Insurance *$25,950$311,400
Property Taxes $7,801$93,612
Electricity $2,617$31,413
Total$71,763$861,156
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,460,445/yr
40% on housing$2,152,890/yr
45% on housing$1,913,680/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$292This listing

vs Other Active Listings

Avg $/sqft

ZIP 48203$47
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48203$62
Wayne County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-03-17Listed for sale$7,000,000
2015-08-05Sold$1,549,000
2015-06-20Listed for sale$1,549,000
2014-09-15Sold$1,600,000
2014-06-12Price change$1,600,000
2014-05-14Listed for sale$1,500,000
2014-04-05Listing removed$1,500,000
2014-04-03Listed for sale$1,500,000
2013-09-16Sold$381,274

For Sale by Agent

AgentAlexander Chapman
Brokerage@properties Christie's Int'l R.E. Birmingham

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