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    24924 Riverwood Dr Bingham Farms, MI 48025

    New
    For Sale
    $999,000

    Vacant Land - Franklin, MI

    Lot size:
    2.19 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 24924 Riverwood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    Residential
    APN
    2405402012
    Exterior features
    Corner Lot, Dead End Street, Hilly-ravine, Possible Basement, Possible Daylight, Native Plants, Possible Walkout, Residential Structure On Property, Wooded, Water View
    Lot size
    2.19 Acres

    Utilities

    Water front features
    River Front, Rouge River, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    KW Domain Birmingham (248) 590-0800 [email protected]

    Listing agent Madelon Ward (248) 590-0800

    Listing date Dec 10, 2025

    MLS# 20251057749 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land with River Frontage

    This vacant land offers a rare opportunity to build a dream home with incredible views and 380 feet of frontage on the Rouge River. The property is located in Franklin, MI, within Oakland County. The lot size is approximately 2.19 acres. An existing 2177 square foot home is fully renovated and could be lived in prior to building. A survey and list of home improvements are available in additional documents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bingham Farms
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2664
    Latitude
    42.5206

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land with 380 feet of frontage on Rouge River.
    Where is this residential land & home lot located?
    The property is located at 24924 Riverwood Dr Bingham Farms, MI.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - 380 feet of frontage on the Rouge River; - Incredible river views; - Fully renovated 2177 sf existing home
    (248) 590-0800
    Request Owner's contact information
    24924 Riverwood Dr Bingham Farms, MI 48025
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    Bingham Farms, MI 48025
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24924 Riverwood Dr Bingham Farms, MI 48025
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