24/7 Wall St.

A 14,000 square foot, riverfront home with six bedrooms would sell for over $10 million in many cities. In rich cities like Greenwich, Connecticut, the price could be more than double that. In Detroit, the most expensive home on the market, which offers all these things, has a price tag of $2.49 million.

The price per square foot for 18 Sand Bar Lane in Detroit is $173. Comparable homes for sale in Greenwich run closer to $750 per square foot. It is an ugly reminder of the value of location. The house at 18 Sand Bar Lane is an example of the problem with owning, or selling, the most expensive home in a neighborhood.

The listing:

If you always dreamed of being able to walk out of your back door and take a romantic midnight sail through your city here is your opportunity. Enjoy the moon sparkling on the Detroit River as you sail towards the iconic Renaissance Center. Enjoy 135ft. of fixed boat dock right off of your back yard to the beautiful Lake St. Clair. Your privacy is first and foremost with this guarded and gated prestigious community. Relish in over 14,000 sq.ft. of functionality with marble floors throughout the foyer and living room, soaring great room with floor to ceiling windows, private gym or rec. room, media room for movie night or the big game, a private walk out terrace adjoining each bedroom suite over looking the Detroit River. Take the elevator to the third level and enjoy an additional 3500 sq.ft. of entertaining space, a gourmet kitchen, two full bars and two additional walk out terraces overlooking Belle Isle, and the Downtown Detroit skyline. Mins. to Grosse Pointe or Downtown Detroit.