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

4 Properties
246 Intrepid Court
Tallahassee, FL, 32312
Beds4Baths3MLS#398302
236 Timberlane Rd
Tallahassee, FL, 32312
Beds4Baths2MLS#402078
3420 Monitor Lane
Tallahassee, FL, 32312
Beds3Baths2MLS#402421
3549 LAKESHORE Drive
Tallahassee, FL, 32312
Beds3Baths3MLS#404657

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
209 Ridgeland Road$535,900$2232026-08-2619722,400Resale
265 Timberlane Road$357,000$1892026-07-1419811,885Resale
299 Hawkbill Court$329,000$1842026-05-2919891,787Resale
3363 Argonaut Dr$189,000$1542026-05-2020011,224Resale
237 Sturgeon Drive$355,000$1952026-05-0619911,818Resale
108 Ridgeland Road$425,000$1932026-04-2319642,203Resale
254 Sturgeon Dr$300,000$1402026-04-2319902,148Resale
3368 Argonaut Drive$220,000$1772026-04-2220001,242Resale
240 Intrepid Court$335,000$2352026-04-1519781,423Resale
3203 Brookforest Drive$317,000$2262026-03-3019631,404Resale
3361 Argonaut Drive$175,000$1432026-03-1620011,224Resale
240 Sturgeon Drive$365,000$1912026-03-0919891,914Resale
3210 Del Rio Terrace$369,900$1962026-03-0519631888Resale
3216 Coral Sea Court$375,888$2742026-02-2619761,371Resale
3440 Monitor Lane$350,000$2192026-02-2019821,599Resale
295 Hawkbill Court$322,500$1942026-02-1819861,665Resale
3404 Argonaut Ct$300,000$2202026-02-1819811,362Resale
3206 Brookforest Drive$385,000$1542026-01-3019702,501Resale
3201 Nautilus Circle$330,000$2142026-01-1419771,542Resale
237 Sturgeon Drive$360,000$1982025-11-2519911,818Resale
3326 Argonaut Drive$205,000$1672025-09-2320021,224Resale
3208 Del Rio Terrace$176,000$1352025-08-2819621,307Resale
296 Timberlane Road$345,000$2192025-08-1319901,575Resale
3217 Del Rio Terrace$350,000$1742025-08-0819762,008Resale
246 Intrepid Court$419,900$2422025-07-1819791,736Resale
252 Seawolf Court$314,895$1822025-06-0219911,727Resale
320 Skate Drive$350,000$2092025-05-1519801,674Resale
3423 Thresher Drive$330,000$2072025-05-1419791,593Resale
296 Skate Drive$325,000$1912025-04-0919821,705Resale
3209 Sea Wolf Drive$340,000$1852025-04-0319901,836Resale
296 Astro Court$375,000$1972025-03-2819871,900Resale
246 Intrepid Ct$203,000$1172025-03-0319791,736Resale
346 Skate Drive$338,000$2182025-03-0319811,553Resale
3215 Del Rio Terrace$289,000$1202025-02-0719622,400Resale
248 Timberlane Road$277,000$1132024-12-1119832,462Resale
3226 Yorktown Drive$291,800$1982024-12-0919771,474Resale
3430 John Hancock$420,000$2022024-11-1319842,075Resale
302 Hawkbill Court$349,000$1752024-10-3019852,000Resale
245 Dolphin Court$275,000$1782024-10-2119781,543Resale
296 Astro Court$369,900$1952024-09-3019871,900Resale
3541 Lakeshore Drive$615,000$2302024-09-3019682,676Resale
253 Timberlane Road$295,000$1752024-09-1319811,685Resale
3549 Lakeshore Drive$518,000$1712024-08-1519903,034Resale
303 Skate Drive$337,500$2112024-08-0919811,597Resale
303 SKATE DR$337,500$2112024-07-3119811,597Resale
292 Timberlane Road$350,000$1762024-07-2419881,988Resale
304 Lexington Road$299,000$1302024-06-2819752,302Resale
233 Sturgeon Drive$300,000$1992024-06-1719891,509Resale
3383 John Hancock Drive$288,660$1612024-06-1419871,798Resale
3322 ARGONAUT DR$215,500$1762024-06-1120021,224Resale
3407 John Hancock Drive$295,000$1842024-05-1719871,601Resale
257 Timberlane Road$372,500$2232024-05-1619811,670Resale
115 Ridgeland Road$345,000$1862024-05-0319651,858Resale
3214 Del Rio Terrace$390,000$1882024-04-1919622,069Resale
3216 Coral Sea Court$296,000$2162024-04-1119761,371Resale
263 Seawolf Court$320,000$1662024-04-0219901,925Resale
3420 Monitor Lane$330,000$2052024-02-1619801,606Resale
236 Timberlane Road$167,500$812024-02-0919792,060Resale
3434 Merrimac Drive$339,000$1872023-12-2219781,817Resale
3236 Springdale Drive$380,000$1862023-12-0719772,046Resale
201 Ridgeland Rd$205,000$1102023-11-1619661,868Resale
201 Ridgeland Rd$165,000$882023-11-1419661,868Resale
257 Timberlane Road$215,000$1292023-11-1319811,670Resale
240 Intrepid Court$330,000$2242023-10-2019781,472Resale
3217 Brookforest Drive$300,000$2112023-08-2919621,424Resale
240 Intrepid Court$207,000$1412023-07-0719781,472Resale
3209 Del Rio Terrace$565,000$1942023-06-3019612,909Resale
3201 Triton Circle$295,000$1802023-06-2319771,643Resale
3212 Springdale Drive Drive$320,000$1232023-05-3119642,599Resale
315 Skate Drive$330,000$1812023-04-2619831,828Resale
253 Sturgeon Drive$326,000$2072023-04-1019911,572Resale
287 Narwhal Court$331,000$1892023-03-3019901,755Resale
3310 John Hancock Drive$362,000$1932023-03-2319881,871Resale
237 Sturgeon Drive$355,000$1902023-03-2119911,873Resale
245 Dolphin Court$239,000$1552023-03-0919781,543Resale
306 Skate Drive$256,000$1632023-01-3119791,570Resale
292 Skate Dr$275,000$1632023-01-0619801,685Resale
292 Skate Drive$275,000$1632022-12-2919801,685Resale
3434 Merrimac Drive$205,000$1412022-11-2319781,457Resale
3209 Del Rio Terrace$250,000$862022-11-1819612,909Resale
3431 John Hancock Drive$282,000$1812022-11-1719851,558Resale
3223 Constellation Court$299,000$1342022-11-0819752,227Resale
3201 Nautilus Cir$158,000$1172022-11-0419771,346Resale
3211 Brookforest Drive$275,000$1822022-10-1419641,507Resale
225 Lexington Road$210,000$1482022-09-2119771,416Resale
3236 Springdale Drive$190,000$932022-09-2119772,046Resale
3360 Argonaut Drive$196,000$1582022-09-1620001,242Resale
316 Lexington Road$244,500$1772022-09-0919781,380Resale
3222 Constellation Court$290,000$1892022-08-2219751,536Resale
3210 Wyoming Court$369,500$2062022-06-2119761,792Resale
106 Ridgeland Road$299,900$1572022-06-0719621,913Resale
303 Skate Drive$247,500$1552022-06-0119811,597Resale
3213 Wyoming Court$230,000$1402022-05-1919761,638Resale
247 Skate Drive$265,000$1762022-05-1619791,508Resale
3362 Argonaut Drive$190,000$1532022-05-1020001,242Resale
3514 Lakeshore Drive$459,000$1312022-04-0819733,511Resale
3326 John Hancock Drive$360,000$1872022-03-2519921,922Resale
237 Sturgeon Drive$221,109$1222022-03-2319911,818Resale
3222 Constellation Court$204,000$1332022-03-0819751,536Resale
326 Skate Drive$238,000$1672022-02-2219821,424Resale

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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