Mansion Offered for $4.3 Million in Beaten-Down Jackson Michigan

By Douglas A. McIntyre Updated Jan 13, 4:13AM EST · Published Aug 27, 9:05AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Mansion Offered for $4.3 Million in Beaten-Down Jackson Michigan — © Thinkstock

Just over $4 million buys a lot of house in Jackson, Michigan. Jackson is one of the beaten-down cities near to beaten-down Detroit. The $4.3 million mansion is at 9145 Olcott Lake Drive.

The house is wildly expensive for the area. The median household income in Jackson is $31,924, according to the 2000 Census. That is about $20,000 below the national average. At that time, 19.6% of the people in Jackson lived below the poverty line. Jackson has been bleeding residents. It had 50,720 in 1960 and was estimated to have 33,133 last year.

9145 Olcott Lake Drive is located southeast of Jackson. It has a few things to recommend it. The house is on a lake. It has four bedrooms, five bathrooms, one half-bath and 12,056 square feet, which likely makes it one of the largest homes in southern Michigan. It sits on 11.01 acres.

Realtor.com described some of the benefits:

Due west of Detroit, this luxurious lakefront home about an hour and a half outside the Motor City would make a fabulous getaway for an auto exec. It sits on 11 acres and offers over 12,000 square feet of living space, but the mansion’s true luxury lies in its three laundry rooms.

[nativounit]

Rich auto executives are likely to live somewhere other than Jackson — say, Bloomfield Hills or Grosse Point.

The tremendously long listing is not likely to help find a buyer:

Waterfront Retreat: 11 acres w/over 1000 ft. of lakefront. Curved front door opens to expansive windows that frame fantastic views of the lake & gardens. Custom designed & built in 2000, main house has over 12,000 sq.ft. of living area. Features include limestone floors w/marble inlays, custom built-in cabinets, oval dining room, chef’s kitchen w/pantry & quality appliances, elevator, sauna & steam room. 4 bedrooms, 6 full baths, 2 half baths, 3 laundry rooms, a library, 2nd floor family room & a wine cellar. 3rd floor turret room crowned w/a May constellation w/fiber optics. Separate carriage house w/2 living areas w/kitchen & baths & additional guest bedrooms. Garage space for 12 cars. This is the perfect home for multi-generational living & for entertaining family & friends. Gated entry, extensive landscaping, pond w/waterfall, gazebo, nature walk, stone walls frame drive & outdoor kitchen & patio’s. Heated drive & patio. Boat house for storage. Smart House technology. Waterfront Retreat: 11 acres w/over 1000 ft. of lakefront. Curved front door opens to expansive windows that frame fantastic views of the lake & gardens. Custom designed & built in 2000, main house has over 12,000 sq.ft. of living area. Features include limestone floors w/marble inlays, custom built-in cabinets, oval dining room, chef’s kitchen w/pantry & quality appliances, elevator, sauna & steam room. 4 bedrooms, 6 full baths, 2 half baths, 3 laundry rooms, a library, 2nd floor family room & a wine cellar. 3rd floor turret room crowned w/a May constellation w/fiber optics. Separate carriage house w/2 living areas w/kitchen & baths & additional guest bedrooms. Garage space for 12 cars. This is the perfect home for multi-generational living & for entertaining family & friends. Gated entry, extensive landscaping, pond w/waterfall, gazebo, nature walk, stone walls frame drive & outdoor kitchen & patio’s. Heated drive & patio. Boat house for storage. Smart House technology.

[wallst_email_signup]

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.