Did you know that the sale of luxury homes in Tallahassee is booming?
In fact, there are people around the country who believe that the priciest homes are actually carrying the current housing market recovery, and that appears to be true in Tallahassee as well.
One way to evaluate the luxury home market in Tallahassee is to look at the slice of homes that are larger than 3,000 square feet to see how they are performing now, compared to recent years.
Large Home Prices
Through September, there have been 169 homes larger than 3,000 square feet that have sold and closed in the Tallahassee real estate market.
While that is 7% below the 181 sales posted last year, it does represent an 80% improvement over the low point for luxury homes established in 2009. Last year saw a 43% increase in luxury home sales and this year’s continuation shows that these larger homes are pulling their weight in the housing market recovery.
In the real estate graph above, the blue columns show the number of homes (larger than 3,000 square feet) that have sold through September of each year, while the red line shows the average price of these sales.
The average price of homes greater than 3,000 square feet are up 8% and are only down 17% since the peak of the luxury home market in 2008. Considering that the average price for all homes sold in Tallahassee in 2014 is dead flat through September, one can see how the priciest homes are definitely a big part of the recovery.
Where is the Tallahassee market headed?
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Luxury Home Values
The average value of a home larger than 3,000 square feet in Tallahassee has appreciated 10% this year to $137 per square foot on average.
Today’s current values represent a 16% decline since the peak for valuations was reached back in 2008, the year that buyers were paying the most for homes larger than 3,000 square feet.
Future Of Luxury Homes Tied To Mortgage Interest Rates
While the entire real estate market will be impacted by rising interest rates in the very near future, no segment will be impacted more than will be the homes that comprise this upper end of the market.
As we have demonstrated in past reports, luxury home sales skyrocketed with the combination of new loan products and sub 7% interest rates. While many of the loan products have gone the way of the dinosaur, current rates are still well below 5% and continue to make larger homes affordable.
Look to see plenty of good buying opportunities in this heavily overbuilt segment of the Tallahassee real estate market. If you are a cash buyer, expect to see epic opportunities when rates return to and above their 50-year average (roughly 8.5%). I believe this will cause the buyer-pool to shrink to less than 20% of its current size, while the supply side will only be shrinking due to falling prices.
If you are a buyer who is financing, you will want to do a cost-benefit analysis of buying now versus waiting. Due to incredibly low mortgage interest rates, all long-term luxury home buyers who are financing their purchase will want to make a move now so as to lock in current rates.
Whether paying cash or financing, buying or selling, we can help you make the best decision possible in the luxury homes market. For a personal consultation, simply drop me a note and we’ll schedule a time to review your needs, wants, and best courses of action.
Luxury Homes For Sale
The following list is the ten most expensive homes for sale in Tallahassee, and a simple click will take you to all the rest of the available listings in Tallahassee.
[idx-listings city=”TALLAHASSEE” minimpsqft=”3000″ statuses=”1″ propertytypes=”3294″ orderby=”Price” orderdir=”DESC” count=”10″ showlargerphotos=”true”]
List Of Large Home Sales In Tallahassee
3000 Sqft And Larger Home Sales
| Address | Price | Price / SQF | Closing Date | Year Built | SQF | Sale Type |
|---|---|---|---|---|---|---|
| 998 Rosebay Court | $950,000 | $261 | 2026-10-09 | 1986 | 3,633 | Resale |
| 2316 Cobb Dr | $615,000 | $198 | 2026-10-09 | 2000 | 3,104 | Resale |
| 756 Rhoden Cove Rd | $596,000 | $195 | 2026-10-02 | 1985 | 3,051 | Resale |
| 5050 Velda Dairy Rd | $797,000 | $259 | 2026-10-01 | 1979 | 3,072 | Resale |
| 6311 Bird Dog Pt | $1,100,000 | $349 | 2026-10-01 | 2014 | 3,151 | Resale |
| 6375 Thomasville Rd | $854,000 | $189 | 2026-09-30 | 1981 | 4,529 | Resale |
| 8503 Congressional Dr | $1,700,000 | $244 | 2026-09-28 | 2001 | 6,960 | Resale |
| 2998 Golden Eagle Dr E | $1,375,000 | $219 | 2026-09-25 | 1995 | 6,280 | Resale |
| 6754 Circle J Dr | $865,000 | $226 | 2026-09-25 | 1970 | 3,820 | Resale |
| 2607 Marston Rd | $540,000 | $169 | 2026-09-23 | 1965 | 3,196 | Resale |
| 727 Miccosukee Road | $375,000 | $69 | 2026-09-22 | 1908 | 5,401 | Resale |
| 1755 Tarpon Dr | $1,375,000 | $264 | 2026-09-14 | 1991 | 5,205 | Resale |
| 9031 Eagles Ridge Dr | $570,000 | $188 | 2026-09-14 | 1999 | 3,026 | Resale |
| 1700 S Meridian St | $340,000 | $113 | 2026-09-04 | 1948 | 3,012 | Resale |
| 2496 Lantana Ln | $599,900 | $182 | 2026-09-03 | 2007 | 3,289 | Resale |
| 3175 Ferns Glen Dr | $550,000 | $168 | 2026-08-31 | 1979 | 3,268 | Resale |
| 6981 Duck Cove Rd | $1,200,000 | $392 | 2026-08-31 | 1984 | 3,062 | Resale |
| 7083 Grenville Rd | $2,925,000 | $495 | 2026-08-31 | 2022 | 5,914 | Resale |
| 3146 Duxbury Ln | $725,000 | $205 | 2026-08-31 | 2008 | 3,541 | Resale |
| 8836 Winged Foot Dr | $1,325,000 | $323 | 2026-08-28 | 1995 | 4,100 | Resale |
| 6394 Belgrand Dr | $815,000 | $240 | 2026-08-28 | 1996 | 3,389 | Resale |
| 710 Waverly Rd | $500,000 | $167 | 2026-08-26 | 1954 | 3,003 | Resale |
| 209 Ridgeland Rd | $535,900 | $175 | 2026-08-26 | 1972 | 3,069 | Resale |
| 3101 Livingston Rd | $640,000 | $157 | 2026-08-25 | 1985 | 4,081 | Resale |
| 278 Rosehill Dr E | $1,450,000 | $363 | 2026-08-24 | 1995 | 3,992 | Resale |
| 8983 Winged Foot Dr | $1,125,000 | $267 | 2026-08-20 | 1989 | 4,213 | Resale |
| 2317 Limerick Dr | $490,000 | $160 | 2026-08-19 | 1967 | 3,056 | Resale |
| 2520 Double Eagle Ct | $795,000 | $234 | 2026-08-14 | 2002 | 3,400 | Resale |
| 1552 Summerbrooke Dr | $834,800 | $242 | 2026-08-11 | 2026 | 3,447 | New |
| 111 S Gadsden St Apt 1 | $545,000 | $181 | 2026-08-11 | 1982 | 3,016 | Resale |
| 2220 Armistead Rd | $675,000 | $224 | 2026-08-10 | 1974 | 3,017 | Resale |
| 7047 Ox Bow Rd | $975,000 | $204 | 2026-08-10 | 2013 | 4,787 | Resale |
| 2400 Napoleon Bonaparte Dr | $540,000 | $157 | 2026-08-07 | 1984 | 3,440 | Resale |
| 2217 Thomasville Rd | $1,865,000 | $434 | 2026-08-06 | 2016 | 4,301 | Resale |
| 10945 Luna Point Rd | $675,000 | $169 | 2026-08-06 | 1988 | 3,984 | Resale |
| 1004 Park Ave E | $514,000 | $159 | 2026-08-05 | 1905 | 3,236 | Resale |
| 6937 Grenville Rd | $970,000 | $219 | 2026-08-05 | 2002 | 4,434 | Resale |
| 3752 Tom John Ln | $900,000 | $231 | 2026-08-05 | 1980 | 3,890 | Resale |
| 9270 Shoal Creek Dr | $975,000 | $323 | 2026-08-04 | 2016 | 3,023 | Resale |
| 8991 Winged Foot Dr | $1,050,000 | $204 | 2026-08-04 | 1987 | 5,135 | Resale |
| 5059 Centennial Oak Cir | $750,000 | $227 | 2026-08-03 | 1996 | 3,306 | Resale |
| 1932 Queenswood Dr | $415,000 | $134 | 2026-08-03 | 1984 | 3,097 | Resale |
| 3908 Bobbin Brook Cir | $1,150,000 | $147 | 2026-07-31 | 1993 | 7,805 | Resale |
| 7521 Refuge Rd | $621,300 | $202 | 2026-07-31 | 1993 | 3,074 | Resale |
| 7877 Jared Way | $2,250,000 | $471 | 2026-07-31 | 2024 | 4,777 | Resale |
| 125 Evening Shadow Ct | $1,950,000 | $298 | 2026-07-29 | 2019 | 6,553 | Resale |
| 4557 Highgrove Rd | $715,000 | $219 | 2026-07-29 | 1990 | 3,265 | Resale |
| 8014 Susan Bradford Ln | $2,875,000 | $482 | 2026-07-27 | 2022 | 5,969 | Resale |
| 7817 Mcclure Dr | $720,000 | $233 | 2026-07-22 | 1989 | 3,090 | Resale |
| 1305 Rachel Ln W | $1,150,000 | $341 | 2026-07-20 | 2003 | 3,377 | Resale |
| 1022 Lothian Dr | $1,350,000 | $356 | 2026-07-17 | 1968 | 3,797 | Resale |
| 2007 Middlewood Dr | $825,000 | $250 | 2026-07-16 | 1989 | 3,300 | Resale |
| 9132 Shoal Creek Dr | $720,000 | $211 | 2026-07-16 | 1997 | 3,420 | Resale |
| 2207 Mulberry Blvd | $375,000 | $120 | 2026-07-15 | 1962 | 3,133 | Resale |
| 3860 Ardmore Ln | $1,055,000 | $311 | 2026-07-14 | 2023 | 3,389 | Resale |
| 5351 Pembridge Pl | $1,147,500 | $247 | 2026-07-14 | 1995 | 4,653 | Resale |
| 1111200080000 | $700,000 | $200 | 2026-07-10 | 1989 | 3,496 | Resale |
| 5992 Hardy Croom Ct | $977,500 | $274 | 2026-07-09 | 2003 | 3,571 | Resale |
| 4785 Chaires Cross Rd | $535,000 | $162 | 2026-07-08 | 1999 | 3,299 | Resale |
| 1119 Bannerman Rd | $825,000 | $257 | 2026-07-08 | 2003 | 3,213 | Resale |
| 1408 Pullen Rd | $610,000 | $158 | 2026-07-08 | 1930 | 3,870 | Resale |
| 9519 Starhawk Dr | $999,000 | $168 | 2026-07-01 | 2003 | 5,945 | Resale |
| 1102 Sarasota Dr | $467,500 | $153 | 2026-07-01 | 1950 | 3,055 | Resale |
| 2351 Maple Leaf Way | $1,420,000 | $310 | 2026-07-01 | 2024 | 4,587 | New |
| 3900 Shamrock W | $650,000 | $214 | 2026-06-30 | 1977 | 3,037 | Resale |
| 537 Williams St | $1,010,000 | $281 | 2026-06-30 | 2016 | 3,595 | Resale |
| 2130 Golden Eagle Dr W | $1,059,000 | $276 | 2026-06-30 | 1999 | 3,841 | Resale |
| 3592 Mossy Creek Ln | $1,525,000 | $233 | 2026-06-30 | 2004 | 6,550 | Resale |
| 9699 Dancing Rabbit Way | $841,000 | $275 | 2026-06-29 | 2005 | 3,054 | Resale |
| 3001 Golden Eagle Dr E | $1,039,000 | $227 | 2026-06-29 | 2003 | 4,576 | Resale |
| 8626 Proctor Rd | $1,085,000 | $354 | 2026-06-29 | 2024 | 3,063 | Resale |
| 1743 Armistead Pl | $1,225,000 | $286 | 2026-06-26 | 1977 | 4,282 | Resale |
| 4907 Highgrove Rd | $696,000 | $213 | 2026-06-26 | 1988 | 3,264 | Resale |
| 308 Park Ave E | $2,025,000 | $476 | 2026-06-26 | 1980 | 4,256 | Resale |
| 5368 Pine Dove Dr | $624,900 | $205 | 2026-06-26 | 2026 | 3,044 | New |
| 9035 Winged Foot Dr | $800,000 | $214 | 2026-06-25 | 1988 | 3,744 | Resale |
| 3225 Pablo Creek Way | $815,000 | $247 | 2026-06-22 | 2005 | 3,306 | Resale |
| 3505 Cedar Lane Dr | $825,000 | $249 | 2026-06-18 | 1978 | 3,315 | Resale |
| 8121 Proctor Rd | $2,049,000 | $538 | 2026-06-18 | 2023 | 3,807 | Resale |
| 6320 Glasgow Dr | $730,000 | $237 | 2026-06-17 | 1997 | 3,075 | Resale |
| 5453 Pembridge Pl | $2,375,000 | $589 | 2026-06-17 | 2024 | 4,031 | Resale |
| 3508 Trillium Ct | $649,000 | $177 | 2026-06-16 | 2002 | 3,675 | Resale |
| 9689 Deer Valley Dr | $655,000 | $215 | 2026-06-15 | 2004 | 3,044 | Resale |
| 5108 Centennial Oak Cir | $605,000 | $191 | 2026-06-12 | 1990 | 3,161 | Resale |
| 2875 Royal Isle Dr | $1,479,400 | $379 | 2026-06-12 | 2026 | 3,900 | New |
| 5135 Pimlico Dr | $760,000 | $231 | 2026-06-09 | 2000 | 3,288 | Resale |
| 2025 Herb Ct | $800,000 | $227 | 2026-06-04 | 1997 | 3,519 | Resale |
| 1110 Lothian Dr | $802,500 | $214 | 2026-06-03 | 1968 | 3,746 | Resale |
| 5950 Miller Landing Cv | $1,500,000 | $286 | 2026-06-03 | 1981 | 5,242 | Resale |
| 8978 Winged Foot Dr | $775,000 | $238 | 2026-06-01 | 2002 | 3,250 | Resale |
| 7031 Heritage Ridge Rd | $970,000 | $222 | 2026-06-01 | 2002 | 4,364 | Resale |
| 1204 Firethorn Ln Bldg 1 | $789,000 | $252 | 2026-06-01 | 1964 | 3,129 | Resale |
| 3337 Charleston Rd | $849,000 | $242 | 2026-05-29 | 1997 | 3,513 | Resale |
| 3418 Lakeshore Dr | $1,368,200 | $223 | 2026-05-29 | 1952 | 6,133 | Resale |
| 9341 Centerville Rd | $630,000 | $205 | 2026-05-28 | 1980 | 3,077 | Resale |
| 4141 Rampart Dr | $853,100 | $247 | 2026-05-27 | 2025 | 3,447 | New |
| 3635 Mossy Creek Ln | $1,295,000 | $333 | 2026-05-22 | 2005 | 3,892 | Resale |
| 3415 Woodley Rd | $720,000 | $176 | 2026-05-21 | 1972 | 4,082 | Resale |
| 7049 Carmel Dr | $400,000 | $129 | 2026-05-21 | 1974 | 3,110 | Resale |
| 3714 Loma Farm Rd | $760,000 | $206 | 2026-05-20 | 2005 | 3,696 | Resale |
