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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

15410 WINDMILL POINTE Drive, Detroit

26 Lochmoor Boulevard, Detroit
Asking price: $1,995,000

26 Lochmoor Boulevard, Detroit

20 Lochmoor Boulevard, Detroit
Asking price: $1,900,000

20 Lochmoor Boulevard, Detroit
Georgiana Mihaila

Georgiana Mihaila

After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world’s leading self-dev media companies, Goalcast Inc. She’s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com

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