While Derelict Detroit Buildings are Razed to the Ground, Million-Dollar Listings Make a Comeback

A few weeks back, we’ve looked at how Queens and the Bronx have been reshaped within the past decade by new projects. But what happens when instead of embellishing the local real estate landscape with new developments, funding goes towards razing properties to the ground?

No, it’s not opposite day; it’s the case of Detroit, where eyesores and structures that endangered pedestrians were gradually demolished, making way for new developments meant to revive the Detroit real estate market.

Our friends over at RENTCafé put together an impressive series of before-and-after images that truly showcase Detroit’s now you see it, now you don’t backdrop:

Devon Garages North Unit, Downtown Detroit

Cass Technical High School, Midtown

Tiger Stadium, Corktown

And while older, dilapidated Detroit buildings are being wrapped in their invisibility cloak, airing out the local real estate scenery, million-dollar listings are resurfacing in a market known for having homes as cheap as $500.

Here are a few stunning luxury homes for sale in Detroit (that you’d be tempted to say are in the Hamptons):

15410 Windmill Pointe Drive, Detroit
Asking price: $2,950,000