Metro Detroit

TROY UPDATE

May 27, 2017

Troy Update (updated); September 2023

Things have obviously changed since we originally published this post back in 2017 – but not as much as you’d think; Mondrian is still the most prominent builder in Troy, and Robertson still has condos in the area, however, pricing has changed dramatically, and finding anything budget-friendly in the area takes more than just as casual scroll online. Don’t assume you’re seeing everything on Zillow or other websites; work with the New Home Experts and know for certain!

Check out our latest blog, New Homes In Troy, showing all the neighborhoods that are active, as well as those expected to open in 2024!

Let’s be honest – we should really just call our Troy Update the “Mondrian Properties Update” because if you’re in the market for a new home in Troy and you’re not in the mood for the on-your-lot thing, these guys kind of have the market cornered.  So, here’s what’s on tap for Mondrian, er, Troy, for the rest of 2017 and the foreseeable future:

The Troy School District has agreed to sell several parcels to Mondrian in the area of Big Beaver & John R, adjacent to Raintree Park. The proposed 18-acre Paradise Park At Raintree Village development would feature 59 “high-end” single-family homes ranging in size from 1,800 sqft to 2,600 sqft, with prices starting in the $390s (site plan above).  The development has been approved by the Planning Commission, and must now go to the City Council for consideration (update from the time machine – this neighborhood ended up selling out in record time, with all 59 homes selling in less than a calendar year).

Meanwhile, across town at the southwest corner of Long Lake Road & Beach Road (you know, the fancy section bordering Bloomfield Hills), Parkview on Beach is set to open this fall (site plan above).  Featuring 20 single-family homes on a 9(ish)-acre site, the homes will feature a 1,900 sqft ranch, a 3,000 sqft cape, and a 3,500 sqft colonial.  As for pricing, nothing has been released yet but our guess would be somewhere in the $700s (spoiler alert – as of fall 2023, these homes are now re-selling close to $1M!).

Unfortunately, if you’re looking for a condo in Troy, there isn’t much on the horizon; Mondrian or otherwise.  Despite rumors about several potential multi-family projects, most are projected to be rentals; Troy Crossing, the one development we thought might feature for-sale condos, now seems to be reverting to apartments as well.  So… you might want to check out Bradley Square by Robertson Brothers (pictured above) before they’re gone.

If you’re working with a Realtor, share our Troy Update with them and have them reach out to Mondrian Properties or Robertson Brothers for details.  If you aren’t working with a Realtor, you should be – let’s chat!

Whatever it is that you’re searching for, don’t do it alone – let us ensure you’re seeing EVERYTHING out there, and that all options are considered before moving forward. Even better, you can work with us FOR FREE and save THOUSANDS OF DOLLARS on the sale of your current home! Let’s discuss your new home needs and get your search started ASAP!

The owners of The New Home Experts®, have over 40 years of combined experience in real estate, much of that with builders like Pulte & Toll Brothers.  They also provide market research for area builders, developers, and national firms.  If you’re considering a new home, remember: the builders’ rep represents the builder, not you.  Work with the only local agents in Metro Detroit to specialize in new homes, and save money in the process – ask us how!