Lafayette Oaks Home Sales Report December 2014

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Located on the east side of Tallahassee just north of Mahan Drive, Lafayette Oaks is Tallahassee’s first gated community and offers larger homes on larger lots in a highly prized location.

Lafayette Oaks has homes built from the 1970s through the 1980s, though occasionally new homes have been built or renovated since that time. As this month’s report will show, Lafayette Oaks is having its best year on record.

In this report, we will look at prices, values, and sizes of homes in Lafayette Oaks, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 2003.

Lafayette Oaks is a residential neighborhood of approximately 350 homes located in Tallahassee Florida. The neighborhood was founded in 1971. It is located on the historic Lafayette Land Grant — the large grant of land deeded to the Marquis de Lafayette by the United States Congress in appreciation for his assistance during the Revolutionary War. Our neighbors enjoy rolling hills, stately oak trees, and a country atmosphere on the outskirts of Tallahassee. We have a neighborhood park, pool, community center, and tennis court. Our neighbors gather frequently for potluck socials, neighborhood yard sales, and enriching classes. – Lafayette Oaks Homeowners Association Website

Lafayette Oaks Home Prices

For all of the three real estate graphs found in this report, you will find the number of closed home sales for each year (blue columns, measured on the left vertical axis), and an important real estate statistic shown in red (measured on the right vertical axis. It is important to note that sales are through December for all previous years, but through mid December in 2014.

Average home prices fell 12% in 2014 versus 2013, but still sit well above the market low established in 2011. Distressed sales are are occurring at a rate far lower than what other neighborhoods in Tallahassee are seeing (no distressed sales since November 2013), so the primary reason for the large decline in prices is the fact that smaller homes are selling this year. The average recorded sales price is $273,000 for Lafayette Oaks thus far in 2014.

Home Prices In Lafeyette Oaks

Home sales activity this year is hot, soaring above the levels recorded during the most active years from 2002 through 2006. Thus far in 2014, there have been 18 closed home sales in Lafayette Oaks.

Lafayette Oaks Home Values

Average home values in Lafayette Oaks are the same as last year, but well above the low set back in 2012.

Home Values In Lafeyette Oaks

Through mid December, the average value of a home sold in Lafayette Oaks has been $107 per square foot. This is up 28% over the bottom reached in 2012, and only down about 15% from the market high set back in 2008. The surge of buyers to this neighborhood in 2014 clearly indicates that homes here have been undervalued.

Where is the Tallahassee market headed?

New articles as they publish, plus the Monday market report. Free, by email.

Lafayette Oaks Home Sizes

The average home size sold in Lafayette Oaks typically falls in a range of 2,400 to 2,900 square feet, and this year buyers have been selecting homes right in the middle of this range. The 18 sales thus far in 2014 have averaged 2,557 square feet.

Home Sizes In Lafeyette Oaks

Homes For Sale In Lafayette Oaks

The following list of homes are the most recent listings in Lafayette Oaks.

[idx-listings linkid=”351852″ count=”10″ showlargerphotos=”true”]

Lafayette Oaks Home Sales

The following list shows home sales going back to 2002 in Lafayette Oaks.

Home Sales in Lafayette Oaks

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
5150 Ile De France Dr$340,000$1452026-08-1919732,341Resale
2505 Napoleon Bonaparte Dr$415,000$2072026-08-0719852,004Resale
2400 Napoleon Bonaparte Dr$540,000$1572026-08-0719843,440Resale
2303 Napoleon Bonaparte Dr$395,000$1672026-05-0119852,365Resale
5325 Touraine Dr$525,000$1882026-04-1319782,790Resale
2211 Bourgogne Dr$481,000$2322026-03-2519792,069Resale
2134 La Rochelle Dr$485,000$1922025-10-1719862,525Resale
2308 Napoleon Bonaparte Dr$650,000$2512025-09-2620222,592Resale
2712 Debussy Ct$555,000$2472025-09-1620182,244Resale
2304 Orleans Dr$519,000$2212025-07-1619802,351Resale
5700 Verlaine Ct$521,500$1822025-07-1119822,873Resale
2316 Monaco Dr$510,000$1752025-06-2519862,911Resale
5107 Touraine Dr$425,000$1802025-04-2319752,360Resale
2325 Bourgogne Dr$439,000$1862025-04-1619772,354Resale
5505 Touraine Dr$460,000$1892025-04-1119742,430Resale
2359 Tour Eiffel Dr$525,000$2402025-03-2019772,190Resale
5141 Ile De France Dr$560,000$1932025-03-1420052,895Resale
2304 Tour Eiffel Dr$450,000$2052025-02-2419792,200Resale
2504 Napoleon Bonaparte Dr$549,000$1892024-12-2319822,900Resale
2316 Monaco Dr$440,000$1512024-11-2619862,911Resale
2135 Orleans Dr$635,700$2022024-11-1519803,153Resale
2709 Victor Hugo Dr$485,000$1352024-10-0919743,587Resale
2002 Versailles Ct$369,000$1622024-07-2819732,278Resale
5411 Touraine Dr$460,000$1852024-07-0919782,492Resale
2325 Tour Eiffel Drive$435,000$2052024-07-0319782,118Resale
2140 Orleans Dr$500,000$1882024-06-2719782,662Resale
2123 Orleans Dr$659,000$1522024-06-1419884,324Resale
2212 Napoleon Bonaparte Dr$429,000$1902024-06-1419782,256Resale
2130 La Rochelle Dr$670,000$1752024-06-0619933,828Resale
2336 Bourgogne Dr$495,000$1892024-05-1019772,624Resale
5117 Touraine Dr$421,600$1872024-04-1919792,250Resale
2604 Napoleon Bonaparte Dr$543,000$1892024-04-1219812,879Resale
2207 Monaco Dr$452,000$1912024-03-1319892,361Resale
2441 Monaco Dr$466,500$2062024-03-1119782,270Resale
2604 Napoleon Bonaparte Dr$450,000$1562024-02-2919812,879Resale
2225 Napoleon Bonaparte Dr$530,000$2162023-11-3019812,451Resale
2401 Monaco Dr$479,900$1822023-09-2019772,638Resale
2143 Orleans Dr$520,000$1942023-08-3119792,683Resale
5428 Touraine Dr$440,000$1822023-05-1819862,422Resale
5132 Ile De France Dr$430,000$1722023-05-1619742,501Resale
5305 Touraine Dr$649,900$2612023-04-2720122,488Resale
2331 Tour Eiffel Dr$464,000$1722023-03-0819782,695Resale
2504 Napoleon Bonaparte Dr$549,000$1892023-01-3019822,900Resale
2208 Orleans Dr$310,000$1612023-01-1319781,923Resale
2055 Champagne Dr$480,000$2142023-01-0619742,242Resale
2324 Bourgogne Dr$445,000$1992022-12-1519832,239Resale
5504 Touraine Dr$397,000$1522022-12-0219722,608Resale
2303 Bourgogne Dr$435,000$1252022-11-1819823,470Resale
2308 Napoleon Bonaparte Dr$651,000$2512022-08-0220222,592New
5103 Touraine Dr$430,000$1852022-08-0119752,324Resale
5309 Touraine Dr$500,000$2272022-07-0119822,204Resale
5128 Ile De France Dr$466,600$1692022-06-1719752,754Resale
2304 Orleans Dr$475,000$2022022-06-1519802,351Resale
2123 Orleans Dr$362,000$842022-06-1419884,324Resale
2055 Champagne Dr$495,000$2212022-06-0619742,242Resale
5700 Verlaine Ct$495,000$1722022-05-2519822,873Resale
2312 Orleans Dr$482,500$2152022-05-2419812,242Resale
2708 Victor Hugo Dr$525,000$1632022-04-2019753,222Resale
2100 Orleans Drive$479,000$1822022-03-1719792,639Resale
2220 Monaco Dr$575,000$2262022-01-1420222,539New
2332 Bourgogne Dr$481,000$1852021-12-2919832,593Resale
2105 Napoleon Bonaparte Dr$530,700$1792021-12-1519802,970Resale
2207 Monaco Dr$376,500$1592021-12-0219892,361Resale
2113 La Rochelle Dr$408,000$1672021-11-3019802,450Resale
5161 Ile De France Dr$460,000$1632021-10-1819792,825Resale
2225 Napoleon Bonaparte Dr$345,000$1412021-08-1019812,451Resale
2213 Bourgogne Dr$485,000$2072021-07-3020022,338Resale
2320 Monaco Dr$337,500$1292021-07-2819802,610Resale
2304 Tour Eiffel Dr$369,000$1682021-06-3019792,200Resale
2224 Napoleon Bonaparte Dr$440,000$1732021-06-1019792,540Resale
2323 Napoleon Bonaparte Dr$389,500$1602021-05-2019772,436Resale
2301 Napoleon Bonaparte Dr$407,000$1542021-05-1219862,645Resale
2608 Napoleon Bonaparte Dr$481,000$1982021-05-0719862,435Resale
2113 Orleans Dr$465,000$1562021-04-2019932,984Resale
5505 Touraine Dr$385,000$1582021-04-0219742,430Resale
5112 Ile De France Dr$390,000$1482021-03-2919722,634Resale
2332 Bourgogne Dr$399,900$1542021-01-2819832,593Resale
5416 Touraine Dr$356,000$1372020-12-2819882,608Resale
5108 Ile De France Dr$385,500$1442020-11-1319742,678Resale
5407 Touraine Dr$385,000$1182020-10-2319783,274Resale
2604 Napoleon Bonaparte Dr$396,500$1382020-09-3019812,879Resale
5505 Touraine Dr$232,000$952020-09-2819742,430Resale
2328 Napoleon Bonaparte Dr$349,900$1282020-09-1119802,738Resale
2417 Monaco Dr$360,000$1692020-08-3119812,126Resale
2316 Napoleon Bonaparte Dr$325,000$1292020-07-2019812,527Resale
2316 Tour Eiffel Dr$355,000$1352020-07-1519842,634Resale
5111 Ile De France Drive$354,360$1322020-07-1419732,688Resale
2412 Napoleon Bonaparte Dr$425,000$1522020-05-2919762,804Resale
2103 Orleans Dr$330,000$1392020-05-2819762,380Resale
2217 Monaco Dr$320,000$1472020-04-2419792,179Resale
2205 Napoleon Bonaparte Dr$360,000$1122020-04-1719823,214Resale
2300 Napoleon Bonaparte Dr$375,000$1392020-03-3019922,690Resale
5145 Ile De France Dr$384,900$952020-01-3119724,070Resale
2353 Tour Eiffel Dr$447,000$1522019-12-1319802,943Resale
2312 Tour Eiffel Dr$300,000$1032019-11-1919872,924Resale
2336 Tour Eiffel Dr$235,000$1082019-09-2619782,181Resale
5004 Touraine Dr$325,000$1252019-07-3119742,590Resale
2113 La Rochelle Dr$327,000$1332019-07-1219802,450Resale
2309 Orleans Dr$270,000$1112019-06-2819782,429Resale
2315 Monaco Dr$423,000$1542019-06-2119852,753Resale

I hope you enjoyed our December 2014 update on home sales in Lafayette Oaks, please feel free to drop me a note if you have questions not covered in this report.

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