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From Metro Detroit’s Most Expensive Home to Metro Detroit’s Most Expensive Foreclosure

Novi Michigan

Back in 2007, when I wrote a post about Metro Detroit’s Most Expensive Home on the Market, there are a number of things that I would not have predicted. First is that the home would some day fall in to foreclosure. In 2007, the local real estate market was riding high, and there were no red flags indicating the economic tsunami that laid ahead.

I’ve since heard conflicting reports about the actual building cost of 21000 Turnberry in Novi, with estimates between $18,000,000 and $25,000,000. Since the home has changed hands, and the newest owner, my client, is a bank, my sources for verification of these details are a bit limited. This week though, I walked the property with one of the original listing agents, and learned much about the estate and it’s beginnings.

Here are a few of the amenities I listed in my original post, with current comments in parentheses:

  • A bowling alley
  • 6 bedrooms (all en suite with wonderful tile selections in the baths)
  • 10 full baths, 3 powder rooms10 car garage (3 car attached to the house, a porte cochere to a garage with 3 more, and the guest house has capacity for the remaining 4)
  • His-and-her baths with Botticino limestone heated floors, 6 shower heads, and steam showers. (Separate walk-in closets, his and her sitting rooms and jetted tubs, laundry hookups in master suite)
  • Library with painted, paneled and wool paisley upholstered walls, herringbone leather floor.
  • A Cigar Bar (with hammered copper bar counter and fresco style painted ceiling)
  • A 3,200 square foot guest house (full bath)
  • A couple of waterfalls and a beautiful pool (with an outdoor kitchen, covered porch and stone water slide).
  • 24k gold chandeliers (all were removed).
  • A round wine tasting room (with hand painted ceiling and rustic wood beam flooring)
  • A meditation room (spectacular mosaic tile floor, hand painted ceiling)
  • PGA sanctioned 165 yard par three hole with bunkers.
  • Trout and bass ponds.Security gated property with 2 security stations
The conservatory off the “his” side of the master suite was drenched in sun when we were showing the home to prospective purchasers on Monday. I could see it being one of my favorite places to sit and read a book in this house.  Though most of the rooms of the house were built to take advantage of the spectacular views of the carefully manicured property, this one stands out on a sunny day.
The 5,000 bottle wine cellar in the basement is in perfect condition. It is joined in the walkout lower level by the bowling alley, a home theater space, work out room, the tiled meditation room, a billiards area, full kitchen/bar, and a guest room with a sauna and steam shower.
The previously flat parcel was built up to its current rolling elevation and tons of stone were brought in the sculpt the land into the lovely site it is today.
At a list price of $3,999,000, today’s buyer will be paying less than a quarter of original construction costs. Here are some current pictures of 21000 Turnberry.  And this video, created during a previously listing, shows what the home looked like in the last 2 years and what it could look like once again.  Opportunities like this are rarely presented.
Showings by appointment only with proof of funds.
About Maureen Francis

SKBK Sotheby's International Realty, 248.430.4450

Comments

  1. The grounds are magnificent! Any idea who originally built this property and what line of work they were in? I want THAT job!

  2. Per public records, the first owners were the Wisne family. I believe their primary business is related to the auto industry.

  3. Susan Field says:

    Wow, now thats a price drop! When I have an extra 4 mil. I think its a good long term investment.

  4. realestateguy says:

    There are many foreclosure listings in Detroit currently. Some of the best deals can be found through online real estate auction websites (such as http://realtybargain.net/page/foreclosures-for-sale-in-detroit.html ), which offer properties with $1 starting bids.

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