Detroit to welcome first single-family waterfront home development in more than 2 decades

Detroit is set to welcome its first single-family waterfront home development in more than 24 years at Shorepointe Village at Grayhaven, an exclusive gated community along the Detroit River on the city’s east side. This boutique project on Grayhaven Island aims to transform the remaining waterfront parcels into 10 new homes, each featuring a backyard dock equipped with electric power hookups.

The development is spearheaded by Detroit-based FPJ Investments LLC and Saros Real Estate Services in Grosse Pointe.

Earlier this month, renderings of the two available home models were added on Realcomp.

Spencer Ray of Jim Saros Real Estate Services highlighted the uniqueness of this development, noting the innovative floor plans. "What sets this development apart is that the primary bedroom is located on the first floor, complete with an en suite bathroom, with two additional bedrooms upstairs," Ray explained.

Buyers have the option to choose between two models, offering either 1,550 or 1,850 square feet of living space. Each home includes high-end finishes, three bedrooms — featuring a first-floor primary suite — three bathrooms, first-floor laundry, ample storage, and an attached two- or three-car garage. The backyard dock boat wells will come with electric power hookups.

The main level will include an open-concept kitchen, a living room with a fireplace and double-height vaulted ceiling, a dining area, a laundry/mud room, a half bath, and a primary suite with an en suite bath and walk-in closet. A spacious patio for waterfront entertainment will be in the back.

The second level will contain two bedrooms, a full bathroom, and a deck overlooking the water.

Residents will also have 24-hour security and access to a private, residents-only pool.

Phase 1 pricing incentives are now available, with the 1,550-square-foot home starting at $499,900, and the 1,850-square-foot home at $569,900. According to the development's website, prices are expected to rise as homes are sold. Additionally, buyers can take advantage of the NEZ property tax abatement, which offers principal residents up to 15 years of tax savings on new construction. Construction will begin as buyers make reservations.

“I think it hits a need that the city may need,” Ray said, emphasizing the appeal for those seeking a private residence outside of high-rise living downtown.

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Access to Shorepointe Village is through a 24-hour gated entrance, followed by a drive through Grayhaven Marina Village, crossing a small bridge, and then entering another gate to reach the community. The island is currently home to 41 custom-built waterfront homes, ranging from 3,200 to 4,000 square feet, and is part of the Shorepointe Village Condo Association.

Jimmy Saros of Jim Saros Real Estate Services remarked, “I haven’t seen anything like this in metro Detroit. Being on the waterfront makes this a truly special development.”

Brendel Hightower writes about real estate and other topics for the Detroit Free Press. Contact her at bhightower@freepress.com. Support local journalism: Subscribe to the Detroit Free Press.