Lakeshore Estates Housing Report April 2015

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Lakeshore Estates is a neighborhood on the North side of Tallahassee that is often overlooked by buyers who have constrained their property search to only include homes in the NE quadrant of the Tallahassee real estate market.

Similar to our recently reviewed Pine Tip Hills, Lakeshore Estates sites just west of the East-West boundary line in Tallahassee, so it offers the location that many buyers are seeking with current prices far lower than what they will pay to be on the other side of the boundary line.

Lakeshore Estates has homes built from the late 1960s through the early 2000s, making it a well established neighborhood that is not likely to be suffering from too much pent-up supply. Once the distressed property owners have all completed their sales, the future looks very bright for this long-favored neighborhood.

In this report, we will look at average home prices, average home values, and average home sizes in Lakeshore Estates, as well as show current listings in the Tallahassee MLS and all closed home sales going back to 1991.

Lakeshore Estates Home Prices

For each of the 3 real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis. It is important to note that while the graphs and table will update on a regular basis, the analysis of the information that we provide is current through the first few days of April 2015.

Average home prices rose 8% in 2014 versus 2013, and now remain 26% below the peak of the market prices established in 2007. Average home prices are still rising as the average recorded sales price is $154,700 for Lakeshore Estates thus far in 2015.

Average Home Price

Home sales activity this year has started off very nicely, where the number of home sales is consistent with the most active years from 2002 through 2006. Through the first quarter of 2015, there have been 7 closed home sales in Lakeshore Estates.

Lakeshore Estates Home Values

Average home values in Lakeshore Estates rose 8% last year, but have retreated all the way back and then some thus far in 2015. I believe this is more of a math anomaly than it is a market event (meaning right now the combination of larger home selling combined with a few distressed home sales are making the average price per square foot of closed home sales decline). I would expect this number to rise as the year progresses.

Average Home Value

Through the first week of April, the average value of a home sold in Lakeshore Estates has been $84 per square foot. This represents the lowest values since 2002 and if buyers can still find homes at $84 per square foot, they should jump on them as these cannot be replicated (click this link for the current best buy in Lakeshore Estates, prced at just $85 per square foot).

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Lakeshore Estates Home Sizes

The average home size sold in Lakeshore Estates typically falls in a range of 1,500 to 1,800 square feet, and this year buyers have established a new high. The 7 home sales thus far in 2015 have averaged 1,815 square feet.

Average Home Size

Homes For Sale In Lakeshore Estates

The following list of homes are the most recent listings in Lakeshore Estates.

Lakeshore Estates

Lakeshore Estates

1 Property
236 Timberlane Rd
Tallahassee, FL, 32312
Beds4Baths2MLS#402078

Lakeshore Estates Home Sales

The following list shows home sales going back to 1991 in Lakeshore Estates.

Home Sales in Lakeshore Estates

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
3420 Monitor Ln$350,000$2262026-09-2519801,546Resale
209 Ridgeland Rd$535,900$1752026-08-2619723,069Resale
3355 Argonaut Dr$240,000$1972026-07-2419991,221Resale
265 Timberlane Rd$357,000$1892026-07-2119811,885Resale
299 Hawkbill Ct$329,000$1682026-05-2919891,955Resale
3363 Argonaut Dr$189,000$1542026-05-2020011,224Resale
237 Sturgeon Dr$355,000$1902026-05-0619911,873Resale
108 Ridgeland Rd$425,000$1992026-04-2319642,138Resale
254 Sturgeon Dr$300,000$1402026-04-2319902,148Resale
3368 Argonaut Dr$220,000$1772026-04-2220001,242Resale
240 Intrepid Ct$335,000$2282026-04-1519781,472Resale
3203 Brookforest Dr$317,000$2262026-03-3019631,404Resale
3361 Argonaut Dr$175,000$1432026-03-1620011,224Resale
240 Sturgeon Dr$365,000$1912026-03-0919891,914Resale
3210 Del Rio Ter$369,900$1962026-03-0519631,888Resale
3440 Monitor Ln$350,000$2192026-02-2019821,599Resale
295 Hawkbill Ct$322,500$1942026-02-1819861,665Resale
3404 Argonaut Ct$300,000$2202026-02-1819811,362Resale
3216 Coral Sea Ct$315,900$2302026-02-0219761,371Resale
3206 Brookforest Dr$385,000$1542026-01-2719702,501Resale
3201 Nautilus Cir$330,000$2452026-01-1419771,346Resale
237 Sturgeon Dr$360,000$1922025-11-2519911,873Resale
3326 Argonaut Dr$205,000$1662025-09-2320021,236Resale
3208 Del Rio Ter$176,000$1352025-08-2719621,307Resale
296 Timberlane Rd$345,000$2192025-08-1219901,575Resale
3217 Del Rio Ter$350,000$1742025-08-0819762,008Resale
246 Intrepid Ct$419,900$2422025-07-1819791,736Resale
252 Seawolf Ct$314,900$1832025-06-0219911,723Resale
320 Skate Dr$350,000$2092025-05-1519801,674Resale
3423 Thresher Dr$330,000$2072025-05-0119791,593Resale
296 Skate Dr$325,000$1912025-04-0819821,705Resale
3209 Seawolf Dr$340,000$1852025-04-0319901,836Resale
296 Astro Ct$375,000$1972025-03-2819871,900Resale
346 Skate Dr$338,000$2182025-03-0319811,553Resale
3215 Del Rio Ter$289,000$1692025-02-0719621,712Resale
3226 Yorktown Dr$291,800$1982024-12-0919771,474Resale
3430 John Hancock Dr$420,000$2022024-11-2219842,075Resale
302 Hawkbill Ct$349,000$1722024-10-3019852,030Resale
3367 Argonaut Dr$210,000$1722024-10-2220021,224Resale
3236 Yorktown Dr$228,400$1492024-10-1719771,528Resale
245 Dolphin Ct$275,000$1782024-10-1719781,543Resale
3541 Lakeshore Dr$615,000$2502024-09-3019682,463Resale
296 Astro Ct$369,900$1952024-09-3019871,900Resale
253 Timberlane Rd$295,000$1852024-09-1319811,597Resale
3549 Lakeshore Dr$518,000$1712024-08-1519903,034Resale
303 Skate Dr$337,500$2112024-07-3119811,597Resale
292 Timberlane Rd$350,000$1762024-07-2419881,988Resale
304 Lexington Rd$299,000$2172024-06-2819751,376Resale
233 Sturgeon Dr$300,000$1992024-06-1719891,509Resale
3322 Argonaut Dr$215,500$1762024-06-1120021,224Resale
3407 John Hancock Dr$295,000$1842024-05-1719871,601Resale
257 Timberlane Rd$372,500$2232024-05-1619811,670Resale
115 Ridgeland Rd$345,000$1512024-05-0319652,278Resale
3214 Del Rio Ter$390,000$1882024-04-1919622,069Resale
3216 Coral Sea Ct$296,000$2162024-04-1119761,371Resale
263 Seawolf Ct$320,000$1662024-04-0219901,925Resale
3420 Monitor Ln$330,000$2132024-02-1619801,546Resale
3434 Merrimac Dr$339,000$1872023-12-2219781,817Resale
3236 Springdale Dr$380,000$1862023-12-0719772,046Resale
257 Timberlane Rd$215,000$1292023-11-0819811,670Resale
240 Intrepid Ct$330,000$2242023-10-2019781,472Resale
3217 Brookforest Dr$300,000$2112023-08-2919621,424Resale
3209 Del Rio Ter$565,000$1942023-06-3019612,919Resale
3201 Triton Cir$295,000$1822023-06-2319771,623Resale
315 Skate Dr$330,000$1812023-04-2619831,828Resale
253 Sturgeon Dr$326,000$2072023-04-2519911,572Resale
287 Narwhal Ct$331,000$1892023-03-3119901,755Resale
3310 John Hancock Dr$362,000$1962023-03-2319881,848Resale
237 Sturgeon Dr$355,000$1902023-03-2119911,873Resale
245 Dolphin Ct$239,000$1552023-03-0719781,543Resale
306 Skate Dr$256,000$1632023-01-3119791,570Resale
292 Skate Dr$275,000$1632023-01-0619801,685Resale
3434 Merrimac Dr$205,000$1132022-11-2319781,817Resale
3431 John Hancock Dr$282,000$1812022-11-1719851,558Resale
3223 Constellation Ct$299,000$1342022-11-0819742,227Resale
3201 Nautilus Cir$158,000$1172022-11-0419771,346Resale
3211 Brookforest Dr$275,000$1822022-10-1419641,507Resale
3236 Springdale Dr$190,000$932022-09-2119772,046Resale
225 Lexington Rd$210,000$1482022-09-1919771,416Resale
3360 Argonaut Dr$196,000$1582022-09-1620001,242Resale
316 Lexington Rd$244,500$1612022-09-0919781,516Resale
3222 Constellation Ct$290,000$1892022-08-2219751,536Resale
3210 Wyoming Ct$369,500$1842022-06-2119762,008Resale
106 Ridgeland Rd$299,900$1572022-06-0719621,913Resale
303 Skate Dr$247,500$1552022-06-0119811,597Resale
3213 Wyoming Ct$230,000$1402022-05-1919761,638Resale
247 Skate Dr$265,000$1762022-05-1619791,508Resale
3362 Argonaut Dr$190,000$1532022-05-0920001,242Resale
3326 John Hancock Dr$360,000$1872022-03-2519921,922Resale
3222 Constellation Ct$204,000$1332022-03-0819751,536Resale
326 Skate Dr$238,000$1672022-02-1419821,424Resale
275 Skate Dr$294,900$1832022-02-0719791,608Resale
3232 Yorktown Dr$250,000$1402022-01-2819771,792Resale
346 Skate Dr$317,000$2042022-01-1919811,553Resale
260 Timberlane Rd$255,000$1612022-01-1219821,588Resale
250 Intrepid Ct$280,000$1762021-12-2819781,589Resale
3236 Springdale Dr$190,000$932021-12-1619772,046Resale
3208 Triton Cir$289,000$1262021-12-0619782,288Resale
3214 Brookforest Drive$320,000$1312021-11-3019662,444Resale
342 Skate Dr$200,000$1012021-11-2919821,972Resale

I hope you enjoyed our April 2015 update on home sales in Lakeshore Estates, please feel free to drop me a note if you have questions not covered in this report.

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