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What Could $2.5 Million Buy You in Detroit?!?

How about a 20-bedroom, 11 1/2-bathroom mansion only walking distance from Ford Field???

Neal Rubin writes in today’s Detroit News about a divorced couple’s hopes to sell their 11,000 square foot, renovated, late-19th century home on Winder Street just off Woodward in Detroit.

To put it into perspective, as Rubin does, $2.5 million bucks can buy one a lot more than a single home in the city of Detroit…heck, in some cases, that kind of money can buy you an entire square mile of Motown.

It’s an interesting story, also considering my cousin owns a home just down the block on that very same street.  It’s a beautiful tudor-style home he purchased and renovated a few years back, equally as luxurious and beautiful, and probably a steal at the time—though don’t quote me on that.

I suppose the question is: Would anyone really be willing to pay that much money to live in Detroit, when they could spend their money elsewhere? That remains to be seen.

Picture credited to John T. Greilick/Detroit News.

11:35 am: jdetroit

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