Property listing for 1771 Balmoral Drive, Detroit, MI 48203
For SaleSingle Family Home

$7,000,000

1771 Balmoral Drive, Detroit, MI 48203

Fisher Mansion: 1926 Tudor Estate — 24,000 SQFT on 4.76 Acres

15 Bed · 15 Bath · 24,000 Sq Ft

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

About 1771 Balmoral Drive

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.

Home Highlights

Historic 1926 Tudor Revival (Fisher Mansion)Nearly 24,000 sqft of restored interior4.76-acre landscaped grounds with gated entryIndoor pool and finished lower levelMahogany paneling, stained glass, carved woodwork6-car attached garageListed at $7,000,000; recent substantial restoration

Property Features

Interior Features

  • 15 bedrooms, 15 bathrooms (mix of full and half baths)
  • Rich mahogany paneling and original millwork
  • Stained-glass windows and carved wood staircases
  • Indoor pool and finished lower level
  • Multiple fireplaces and grand formal rooms
  • Hot water heating and updated electrical systems
  • Central air conditioning and attic fan

Exterior & Lot

  • Nearly 4.76-acre lot with extensive frontage on Balmoral Drive
  • Gated entrance with private driveway
  • Slate roof and brick construction
  • 6-car attached garage
  • Level topography and mature landscaping
  • Space suitable for events, gardens, or additional outbuildings (subject to zoning)

Location & Neighborhood

  • Located in Palmer Woods historic neighborhood
  • 0.8 miles to Detroit Golf Club
  • 0.5 miles to Palmer Park
  • 1.2 miles to University of Detroit Mercy
  • Easy access to Woodward Avenue (≈0.5 miles) and downtown Detroit

Walkability & Recreation

  • Walkability Rating: 55/100 — Some walkable amenities
  • Palmer Park green spaces and recreational facilities (0.5 mi)
  • Detroit Golf Club for golf and events (0.8 mi)
  • Nearby cultural access to museums and downtown attractions
  • Running/walking paths and open lawn areas in Palmer Park
  • Community recreation and university campus amenities within 2 miles

Neighborhood & 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.

Market Insights

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.

Nearby Schools

Mumford High School

High

2/10

Palmer Park Preparatory Academy

Middle

3/10

Palmer Park Preparatory Academy

Elementary

3/10

Walkability & Recreation

55
Walkability
82
Recreation

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.

0

AI Valuation Estimate

Low

$6500K

Midpoint

$7000K

High

$7500K

$292/SF estimated price per square foot

85% confidence

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.

Market & Area Data

Market Trends

Area Median Price$500,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Palmer Woods has seen steady appreciation due to its historic significance and architectural grandeur. The neighborhood attracts professionals and families seeking luxury residences.

Nearby Points of Interest

  • Detroit Golf Club (0.8 mi)
  • Palmer Park (0.5 mi)
  • University of Detroit Mercy (1.2 mi)
  • Ferndale Downtown (2.5 mi)
  • Detroit Institute of Arts (5 mi)

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.

School District

DistrictDetroit Public Schools Community District
ElementaryPalmer Park Preparatory Academy (3/10)
MiddlePalmer Park Preparatory Academy (3/10)
HighMumford High School (2/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1926
Constructionbrick
Stories3
Roofslate
Heatinghot water
Coolingcentral AC, attic fan
Basementfinished
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size4.76 acres (207,346 SF)
Topographylevel
Parkingattached_garage
Parking Spaces6
FrontageExtensive frontage on Balmoral Drive

Utilities

Waterpublic
Sewerpublic
ElectricDTE Energy
GasDTE Energy

Zoning & Land Use

Zoning CodeR1
DescriptionSingle Family Residential
JurisdictionCity of Detroit

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$210,000
Land$67,500
Improvements$142,500
Annual Tax (2025)$14,039

Sale History

2025-03-17$7,000,000

$292/SF

Listed for sale at $7 million

2022-03-04$4,900,000

$204/SF

Purchased by former Stellantis executive

2015-08-05$1,549,000

$65/SF

Purchased by former GM executive

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