$7,000,000
1771 Balmoral Drive, Detroit, Michigan 48203, United States
A restored Tudor Revival landmark with indoor pool and grand grounds
15
Beds
15
Baths
24,000
Sq Ft
1926
Built
4.76 acres
Lot
6-car attached
Garage
This is not merely a house — it's Detroit's Fisher Mansion, a 1926 Tudor Revival estate that occupies nearly five acres of Palmer Woods. Approaching through a gated entry and private drive, the scale becomes evident: an expansive, slate-roofed silhouette set against broad, landscaped grounds with extensive frontage on Balmoral Drive. The property preserves its historic grandeur while offering modern systems and thoughtful restorations.
Inside, richly paneled mahogany walls, soaring carved wood staircases and original stained-glass windows establish an atmosphere of deliberate craftsmanship. Rooms are cathedral in proportion: formal reception halls, library spaces, and intimate sitting rooms interweave classic detailing with updated mechanicals. The home’s rarity is amplified by specialized amenities — an indoor pool and a fully finished lower level provide recreational breadth uncommon in the city, while multiple fireplaces and original millwork anchor each floor in period authenticity.
Architectural fidelity meets practical luxury throughout the 24,000 square feet: a slate roof, brick construction and hot-water heating combine with central air and modern electrical upgrades. The layout includes 15 bedrooms and a total of 15 baths (a mix of full and half baths), accommodating a private household, multi-generational living, or an events-oriented use. A six-car attached garage and level grounds make daily life and entertaining effortless for an owner with a full roster of vehicles and guests.
Palmer Woods is one of Detroit’s most distinguished enclaves, and this estate sits within walking distance of Palmer Park and less than a mile from the Detroit Golf Club. Cultural attractions and downtown destinations remain readily accessible, while the property’s size and privacy deliver a retreat-like experience inside the city. Recent restorations have returned original features to prime condition while integrating contemporary comforts — a balance that preserves investment value in a market where historic estates command strong demand.
Ownership and market history underscore the property’s trajectory: purchased in 2022 and listed in 2025 at $7,000,000, the Fisher Mansion represents both a rare ownership opportunity and a significant piece of Detroit’s architectural legacy. Prospective buyers should plan for stewardship of a large historic estate — maintenance and preservation are part of the privilege. For those seeking a landmark residence, private event venue, or institutional headquarters with character, this restored Tudor offers an unmatched combination of history, scale, and location.
Palmer Woods is one of Detroit’s most architecturally significant neighborhoods, defined by broad boulevards, mature trees and an uncommon concentration of early-20th-century estates. The community appeals to buyers seeking privacy and provenance while maintaining direct access to city amenities — Palmer Park and Detroit Golf Club are immediate draws, and downtown cultural institutions lie within an easy drive. A mix of long-term residents, professionals, and families sustains a quiet, residential character; several private and charter school options supplement the local public school offerings for those prioritizing education alternatives.
Palmer Woods sits within Detroit’s luxury enclave where inventory is tight and demand for historic estates remains steady. The local market shows roughly three months of inventory — a level that favors sellers for high-end properties while still being approachable for well-capitalized buyers. Average days on market in the area run near 45 days, indicating that properly priced, exceptional listings trade briskly. Median sale price across the broader area is approximately $500,000, but historic, landmark properties routinely trade well above that benchmark; recent comps in Palmer Woods have closed between roughly $1.35M and $1.55M for large renovated estates, and the Fisher Mansion’s scale places its valuation in a separate stratum ($6.5M–$7.5M estimate).
Year-over-year appreciation in the luxury segment is modest but positive (about 5% over 1 year, ~25% over 5 years), reflecting steady interest in rare historic assets and limited supply. This property’s recent listing at $7,000,000 and its restoration work make it a sought-after offering for buyers prioritizing provenance and turnkey condition. Buyers should weigh higher carrying costs — property taxes and upkeep — against long-term appreciation and the unique scarcity of comparable estates. In short: the market favors sellers of distinguished historic homes, but disciplined buyers who value rarity and are prepared for stewardship will find a compelling opportunity.
Mumford High School
High
Palmer Park Preparatory Academy
Middle
Palmer Park Preparatory Academy
Elementary
Very good access to outdoor recreation with Palmer Park (0.5 mi) offering running paths and green space and the Detroit Golf Club (0.8 mi) nearby; cultural and campus amenities are within short drives.
1771 Balmoral Drive, also known as the Fisher Mansion, is a 15-bedroom, 15-bathroom Tudor Revival estate built in 1926. Spanning over 24,000 square feet on nearly 5 acres in Detroit's prestigious Palmer Woods neighborhood, this property exemplifies historic grandeur blended with modern luxury. The mansion features richly paneled mahogany walls, intricate woodwork, stained-glass windows, soaring ceilings, an indoor pool, and a fully finished lower level. Recent renovations have meticulously restored the estate to its original splendor, incorporating contemporary amenities while preserving its architectural integrity.
From a valuation perspective, the property was listed for sale in March 2025 at $7,000,000, reflecting a price per square foot of $292. This listing price aligns with the upper echelon of Detroit's luxury real estate market, particularly for historic estates of this magnitude. The previous sale in March 2022 at $4,900,000 indicates significant appreciation, underscoring the property's unique value proposition. Given the scarcity of comparable properties, the sales comparison approach suggests a current fair market value between $6,500,000 and $7,500,000.
Palmer Woods is renowned for its historic significance and architectural elegance, attracting discerning buyers seeking luxury residences. The neighborhood's proximity to the Detroit Golf Club, Palmer Park, and cultural institutions like the Detroit Institute of Arts enhances its desirability. The area's median sale price of $500,000 and average days on market of 45 days reflect a stable and appreciating market, particularly in the luxury segment.
Overall, 1771 Balmoral Drive represents a rare opportunity to own a piece of Detroit's architectural heritage. The property's extensive renovations, combined with its historic charm and modern amenities, make it a standout offering in the luxury real estate market. Prospective buyers should consider the unique lifestyle and prestige associated with owning such a landmark estate.
Investment Highlights:
Key Findings:
Concerns:
Low
$6500K
Midpoint
$7000K
High
$7500K
$292/SF estimated price per square foot
Sales comparison approach using recent high-end sales in Palmer Woods. Adjusted for unique features and extensive renovations. Income approach not applicable due to owner-occupied status.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Palmer Woods has seen steady appreciation due to its historic significance and architectural grandeur. The neighborhood attracts professionals and families seeking luxury residences.
Located in the prestigious Palmer Woods neighborhood, the property is near the Detroit Golf Club and Palmer Park, offering recreational opportunities. Proximity to cultural institutions and vibrant downtown areas enhances lifestyle appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$292/SF
Listed for sale at $7 million
$204/SF
Purchased by former Stellantis executive
$65/SF
Purchased by former GM executive
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