Eliza Theiss 
Following national trends, Michigan’s real estate market is battling low inventory, while supply is far outstripped by demand in this seller’s market. Prices are on the rise across most Michigan markets, and many are experiencing double-digit price gains, according to Michigan Realtors. With no shortage of lakes, Michigan offers up a bounty of waterfront homes and estates. Although hit hard by the Great Recession, Michigan’s real estate market is back on its feet, and waterfront homes are in demand yet again.
Although the aging Boomer generation, and the 24/7 lifestyle of Millennial buyers means remote properties are less popular than pre-Recession, waterfront homes are still in demand, especially in areas close to town and community amenities. When it comes to Michigan’s most expensive homes for sale right now, it’s still all about private waterfronts, large acreages, and lush grounds. Privacy is a must for the priciest Michigan luxury homes, as are wine cellars, gourmet and chef’s kitchens, and private docks.
Equestrian facilities, antique materials, pools, executive libraries and studies are also popular, while unique amenities like a replica of the famed Paramount Movie Palace in New York City or the White House kitchen also appear. As for the #1 most expensive home for sale in Michigan right now, the 415-acre estate comes with a private island, over 5,000 square feet of Lake Superior frontage and a private harbor, not to mention that Gershwin himself once played here.
10
3950 Franklin Road, Bloomfield Hills
Asking price: $6,975,000
Designed by famed architect Wallace Frost, this 1930-built French Colonial manor sits on 2.5 landscaped acres on the shores of Lower Long Lake. Two lakeside pavilions allow for comfortable enjoyment of the private lake frontage, while immaculately landscaped gardens are always available for romantic strolls. The 6-bed home offers up 8,540 square feet of luxurious living with light-filled galleries, cathedral ceilings and fireplaces. There’s a gourmet kitchen, a private gym, a library, two studies, dual master baths and lake views in all bedrooms.
9
2503 Mountain Road, East Jordan
Asking price: $6,990,000
Boasting 3,000 feet of private sandy water frontage on Lake Charlevoix, Point of View estate is the ideal retreat-like home for those seeking privacy surrounded by nature. The 6-bed home comes with 60 acres of mature hardwood forests and a 6-stall horse barn and riding trails, offering all the outdoor activities one can pursue in Northern Michigan. All that pristine lake frontage also comes with a fixed pier dock for boating and water sports enthusiasts, with ample space for a dockside lounge.
Indoors, the 4,420-square-foot home has a modern cabin look, with cathedral ceilings, open floor plans and cathedral ceilings, as well as floor-to-ceiling fireplaces and windows, creating a warm and illuminated living environment. Decks, porches and an outdoor dining area offer additional opportunities to enjoy the great outdoors.
8
14928 Lakeshore Road, Lakeside
Asking price: $7,100,000
With 125 feet of private, walkable lake frontage, kayak storage and changing rooms, this 1.83-acre property is all about relaxed lakeside living. The 8-bed, 8-bath home offers up nearly 10,000 square feet of luxurious living with a rustic touch, cathedral ceilings, floor-to ceiling windows, and ample covered porches, including a heated sleeping porch.
An oversized eat-in kitchen, generous pantry and storage space, an entertainment lounge complete with pool and ping-pong table, wine storage, oversized laundry, and countless entertaining areas makes the home ideal for large gatherings and long weekends with all your loved ones.
7
984 Lake Shore Road, Grosse Pointe Shores
Asking price: $8,195,000
With more than 13,000 square feet of luxurious living space, this 4-bed home on Lake St. Clair offers all the upscale trappings a discerning buyer could desire, from a private theater, six fireplaces and a fitness center, to an in-home elevator, a spa and two bars. The opulent kitchen comes with 7 refrigerators, 60-inch Wolf dual fuel ovens and French cooktop among many others. The entire home, driveway and 4-car garage have heated floors, while the pool-side cabana boasts a full kitchen, a bathroom and an additional laundry room.
6
51671 Eight Mile Road, Northville
Asking price: $8,500,000
Situated on 4.55 landscaped acres, this 6-bed custom-built estate blends colonial, ranch, Cape Cod and contemporary styles to create a luxurious home retreat. A breathtaking atrium allows for spa and poolside lounging even in the most frigid months, with the wine cellar, wet bar, chef’s kitchen, executive study, sauna and private gym with water views allowing for complete relaxation. Formal gardens, covered walkways, and patios complete with al fresco dining are perfect for the warm months, while the generous lawns allow for helicopter landings.
5
Asking price: $8,900,000
Just two hours from Chicago, the 38-acre Hazelbank Estate is one the finest properties to be created on Michigan’s pristine waterfronts. Built in 1998, Hazelbank is on the market for the first time since its creation, enticing buyers with a private dock capable of holding large vessels, while the private Lake Macatawa frontage offers endless boating opportunities and access to Lake Michigan.
An equestrian estate, Hazelbank features paddocks, a stable, pastures, and ample grounds for riding. The 5-bed home offers up more than 17,000 square feet of luxurious living, complete with indoor and outdoor pools, perennial gardens and all the trappings of a true waterfront retreat.
4
2600 Turtle Lake Drive, Bloomfield Hills
Asking price: $9,900,000
Originally built in 1926, this 6-bed waterfront home was expanded into a 15,600-square-foot entertainer’s dream, featuring a showstopping 2,325-square-foot wine grotto complete with fireside lounge and formal dining area. Entertaining is a breeze thanks to the magazine-ready chef’s kitchen, private theater, bevy of fireplaces, full bar and the executive library. The master wing offers unparalleled privacy with its dual balconies, master baths and walk-in closets, as well as a private gym and office.
The 7-acre estate also features a caretaker’s apartment and a pool house complete with indoor pool, kitchen and bathroom. Outdoor amenities include a granite bocce ball court, a patio with outdoor fireplace and al-fresco dining, a private dock and lush landscaped grounds.
3
10400 S Bayshore Drive, Elk Rapids
Asking price: $9,995,000
Resting on seven waterfront acres on the shores of Lake Michigan’s East Grand Traverse Bay, Pine Hollow was designed by Roger Hummel to evoke the landscapes of the Great Lakes and create a warm and welcoming family home. Unwinding is effortless at Pine Hollow, thanks to the in-home theater, wine grotto, chef’s kitchen and library.
For fitness enthusiasts there’s an indoor pool atrium complete with an 82-foot lap lane, an outdoor tennis court and no less than 7 acres of restored native habitats, including dunes, forests, ponds, meadows, not to mention 600 feet of private Lake Michigan frontage. 12 terraces plus a beach terrace provide the perfect opportunity to unwind outdoors or enjoy an al-fresco meal with friends.
3
Asking price: $9,995,000
Once the home of the Czech Consulate, Castello Montebello offers up more than 17,000 square feet of luxurious living with privacy and security fit for foreign dignitaries. The 3-acre estate is a stone’s throw from Northville’s historic district and boasts some truly unique features such as a bank vault and a private theater that replicates New York City’s Paramount Movie Palace – complete with bar of course.
A guard house, security system and mature trees ensure privacy and safety, while the soaring, cathedral or coffered ceilings, oversized windows, indoor spiral staircase, library, in-home elevator, and fitness center offer all the trappings of a grand home. Guests can also enjoy the wine cellar, music room, billiards room, generous terrace space, and the garage parking for six cars—there’s also ample outdoor parking, even for tour buses.
2
6028 Trillium Trail, Harbor Springs
Asking price: $12,900,000
For those seeking ultimate privacy, few homes can rival this 6-bed gem on the sandy shores of Lake Michigan’s Little Traverse Bay. Visible only from the lake, the 13,400-square-foot home showcases a 13-century French fireplace, 300-year-old chestnut and Jerusalem stone flooring, sterling silver finishes in the two master baths, cathedral and coffered ceilings and a bevy of fireplaces.
Terraces, decks and balconies offer ample outdoor living space for the warm months, while a bevy of fireplaces and oversized windows create a warm and light-filled atmosphere in the cold months. Owners and guests alike can enjoy the chef’s kitchen, the sunroom with endless lake views, the landscaped grounds surrounded by forests, and the game lounge complete with bar and pool table.
1
1000 County Road KE, Marquette
Asking price: $20,000,000
A truly breathtaking estate, Granot Loma is in a league of its own. The 415-acre estate includes more than 5,000 sandy feet of private Lake Superior frontage, a private island, two rivers, a private harbor with indoor boathouse, hiking and snowmobile trails, and exceptional hunting, wildlife watching and fishing opportunities. The estate includes a farm with orchards, gardens, fields, and a large dairy barn that features a show-stopping Tiffany clock, as well as two additional homes, while Garlic Mountain has a private windmill that covers all the energy needs of the massive estate.
Built in the roaring ‘20s by financier Louis G. Kaufman, the 23-bedroom main home is probably the largest hand-crafted log cabin in the U.S. and features a commercial-grade chef’s kitchen that emulates the White House kitchen. Included in the National Register of Historic Places, one of Granot Loma Lodge’s most iconic features is the 60-foot long great room and its oversized Lake Superior stone fireplace complete with a striking 18-foot mantle crafted from a ship that sunk in Lake Superior.
Another coveted amenity is the game room where Gershwin once played, while the breakfast solarium reaches out to the shoreline. 25 fireplaces, a card room with pool table and music area, in-home fitness center, media lounge, full bar with endless lake views, and a 3,000-gallon hot tub perched just above the harbor are only a few of the nigh-endless amenities this world-class property has to offer.
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Methodology
In order to determine which were the most expensive homes for sale in Michigan, we looked at all residential properties listed for sale, taking into account condo, co-op, single- and two-family homes. All package deals were excluded.
