Park Charleston Housing Report May 2015

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Park Charleston is a ten year old community that is located on the South side of Miccosukee Road in Northeast Tallahassee, just outside of Capital Circle NE.

The sale of homes in Park Charleston began in 2006 and they are still being built today.

As with all boom neighborhoods, existing homeowners will likely need to move within similar time schedules (think of it this way, most of them moved in at the same time, many will need to move out at similar times). As with other neighborhoods that exploded into existence during the peak of the housing market, we are going to be dealing with pent-up supply and issues related to deflated values.

In this report, we will look at home prices, home values, and home sizes in Park Charleston, as well as show current listings in the Tallahassee MLS and all closed home sales going back to the beginning of sales in the popular NE Tallahassee neighborhood.

Park Charleston 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 the analysis of the information that we provide is current through the fourth week of May 2015.

Average home prices have declined 12% in 2015 versus 2014, but everything that is available now is at much higher prices. Through the fourth week of May in 2015, the two homes sold in Park Charleston averaged $228,500.

Average Home Prices

Home sales activity in 2014 was the second least-active year since homes began selling, but this is not surprising as existing homes have begun entering the market at prices lower than new construction. There were 8 closed home sales in Park Charleston in 2014 and 2 so far in 2015.

Park Charleston Home Values

It will be interesting to see how current sellers do in the months to come. They are asking prices far above what we have seen sold, but there are no inexpensive homes to be found in this popular neighborhood. I would expect lower prices to prevail as motivated homeowners yield to normal relocation urges and drop their asking prices to procure a sale.

Average Home Values

Home values declined 13% so far this year, and that means current values are 23% lower than the market high set back in 2006. This means that most homeowners who have purchased or refinanced in Park Charleston are dealing with negative equity situations (and thus the higher than market asking prices).

Where is the Tallahassee market headed?

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

Park Charleston Home Sizes

The average home size sold in Park Charleston typically falls in a range of 1,800 to 2,000 square feet, and the two sales this year were very near the top of this range.

Average Home Sizes

The 2 homes sold in 2015 have averaged 1,962 square feet, and don’t be surprised if the trend continues towards the larger homes. Bigger and cheaper is a common trend across all Tallahassee, as buyers try to lock-in as much house for the money using historically low mortgage interest rates.

Homes For Sale In Park Charleston

The following list of homes are the most recent listings in Park Charleston.

Park Charleston

Park Charleston

2 Properties
1480 Harbor Club
Tallahassee, FL, 32308
Beds3Baths3MLS#405311
1618 HARBOR CLUB Drive
Tallahassee, FL, 32308
Beds3Baths2MLS#406738

Park Charleston Home Sales

The following list shows home sales going back to 2002 in Park Charleston.

Home Sales in Park Charleston

AddressPricePrice / SQFClosing DateYear BuiltSQFSale Type
1578 Harbor Club Dr$345,000$1872026-07-1420081,847Resale
1645 Shadowmoss Ave$400,000$2172026-02-2720071,844Resale
3300 Harbor Club Dr$375,000$1652026-02-2620072,269Resale
3317 Harbor Club Dr$455,000$2022025-12-0120132,258Resale
3399 Shadowmoss Dr$399,900$2252025-12-0120111,775Resale
3300 Shadowmoss Dr$325,000$1762025-10-0320061,847Resale
3324 Harbor Club Dr$408,000$2022025-07-1820132,018Resale
1536 Harbor Club Dr$320,000$1732025-07-1620081,847Resale
1512 Harbor Club Dr$330,000$1792025-06-2620071,847Resale
1542 Harbor Club Dr$325,000$1762024-03-2220081,847Resale
1618 Harbor Club Dr$374,500$1982022-12-1420071,892Resale
1687 Osprey Pointe Dr. (PCH4D)$400,000$1902022-09-0620122,110Resale
1633 Shadowmoss Ave$360,000$1852022-09-0620071,944Resale
1644 Osprey Pointe Dr$380,500$1852022-07-1420062,054Resale
3318 Shadowmoss Dr$330,000$1792022-06-1620061,847Resale
1624 Harbor Club Dr$360,000$1932022-04-2820071,866Resale
1618 Harbor Club Dr$365,000$1932022-03-0320071,892Resale
1572 Harbor Club Dr$331,600$1672022-01-2020081,991Resale
1631 Harbor Club Dr$320,000$1712021-11-0820061,873Resale
1659 Osprey Pointe Dr$330,000$1722021-07-1220071,920Resale
3324 Harbor Club Dr$344,000$1702021-06-0120132,018Resale
1645 Shadowmoss Ave$329,500$1792021-05-2020071,844Resale
3317 Harbor Club Dr$355,000$1572021-01-0820132,258Resale
1481 Harbor Club Dr$293,200$1582021-01-0420061,860Resale
1619 Harbor Club Dr$315,000$1662020-12-2820061,898Resale
3329 Harbor Club Dr$320,000$1652020-12-1520121,945Resale
3318 Shadowmoss Dr$285,000$1542020-10-3020061,847Resale
1680 Harbor Club Dr$305,000$1482020-10-2020062,054Resale
1614 Osprey Pointe Dr$297,000$1582020-10-0520061,876Resale
1601 Osprey Pointe Dr$315,000$1622020-09-1820061,942Resale
1607 Osprey Pointe Dr$295,000$1432020-09-1720062,064Resale
1578 Harbor Club Dr$280,000$1522020-09-1120081,847Resale
1645 Shadowmoss Ave$305,000$1652020-08-3120071,844Resale
3349 Shadowmoss Dr$320,000$1542020-07-1020132,076Resale
3306 Harbor Club Dr$364,900$1812020-06-2620202,018New
3335 Harbor Club Dr$332,800$1562020-05-2120122,132Resale
1553 Harbor Club Dr$255,000$1382020-01-2220061,847Resale
3391 Shadowmoss Dr$310,000$1612019-11-2120121,929Resale
3305 Harbor Club Dr$287,000$1452019-09-3020111,981Resale
1603 Shadowmoss Ave$272,500$1412019-08-2920071,927Resale
3312 Harbor Club Dr$285,000$1482019-08-2320061,926Resale
1547 Harbor Club Dr$245,900$1332019-08-0920061,847Resale
1651 Shadowmoss Ave$273,000$1602019-07-2320071,706Resale
1612 Harbor Club Dr$270,000$1542019-05-2220071,748Resale
1637 Osprey Pointe Dr$299,000$1442018-12-1420062,077Resale
1618 Harbor Club Dr$285,000$1512018-10-2920071,892Resale
1530 Harbor Club Dr$227,500$1232018-09-1020071,847Resale
3343 Shadowmoss Dr$286,000$1432018-06-1820062,007Resale
3367 Shadowmoss Dr$293,000$1602018-06-0720151,826Resale
1688 Osprey Pointe Dr$286,500$1522018-05-1420101,882Resale
1615 Shadowmoss AVE.$295,000$1422018-04-2620072,084Resale
1656 Harbor Club Dr$285,000$1472018-04-2320051,944Resale
1644 Osprey Pointe Dr$293,500$1432018-02-0920062,054Resale
1600 Shadowmoss Ave$291,000$1572017-12-2620121,849Resale
3324 Shadowmoss Dr$222,500$1202017-12-0520061,847Resale
1626 Osprey Pointe Dr$282,500$1492017-08-3120061,898Resale
1639 Shadowmoss Ave$266,000$1322017-08-1820072,021Resale
3336 Harbor Club Dr$285,000$1542017-07-2720121,845Resale
1619 Osprey Pointe Dr$275,000$1412017-06-2820051,944Resale
3317 Harbor Club Dr$325,100$1442017-06-1620132,258Resale
3312 Shadowmoss Dr$220,000$1192017-06-0820061,847Resale
1572 Harbor Club Dr$220,000$1102017-05-2520081,991Resale
1560 Harbor Club Dr$214,000$1162017-05-1020081,842Resale
1669 Osprey Pointe Dr$275,000$1452017-03-2920071,902Resale
1692 Harbor Club Dr$275,000$1412017-03-0220051,944Resale
1603 Shadowmoss Ave$262,500$1362017-01-3120071,927Resale
1675 Osprey Pointe Dr$257,000$1252017-01-0920062,064Resale
1668 Osprey Pointe Dr$233,000$1222017-01-0520081,905Resale
1659 Osprey Pointe Dr$264,000$1382016-11-0420071,920Resale
1505 Harbor Club Dr$195,000$1062016-10-2820071,847Resale
1487 Harbor Club Dr$244,000$1352016-10-2820071,813Resale
1638 Osprey Pointe$258,000$1252016-09-3020062,064Resale
1566 Harbor Club Dr$215,000$1262016-05-1320081,712Resale
1681 Osprey Pointe Dr$255,000$1422016-03-2820071,798Resale
1674 Osprey Pointe Dr$230,000$1212016-03-0720081,899Resale
1645 Shadowmoss Ave$268,000$1452016-01-2920071,844Resale
1609 Shadowmoss Ave$266,800$1562015-12-2620071,706Resale
1621 Shadowmoss Ave$265,000$1442015-11-1920071,844Resale
1541 Harbor Club Dr$215,000$1162015-10-3020061,847Resale
3367 Shadowmoss Dr$274,900$1512015-10-1420151,826New
1643 Harbor Club Dr$259,500$1352015-09-1120061,916Resale
1620 Osprey Pointe Dr$249,000$1322015-09-0820061,885Resale
1548 Harbor Club Dr$190,000$1112015-06-1820081,712Resale
1637 Harbor Club Dr$250,000$1242015-06-0520062,010Resale
1606 Shadowmoss Ave$270,000$1452015-06-0520101,862Resale
3399 Shadowmoss Dr$270,000$1522015-06-0120111,775Resale
1536 Harbor Club Dr$214,000$1162015-02-2720081,847Resale
1649 Harbor Club Dr$243,000$1172015-01-2920062,077Resale
3361 Shadowmoss Dr$283,000$1402014-11-1220142,015New
1682 Osprey Pointe Dr$295,000$1342014-09-1620122,206Resale
1523 Harbor Club Dr$209,900$1142014-08-1120071,847Resale
3305 Harbor Club Dr$265,000$1342014-07-2820111,981Resale
3385 Shadowmoss Dr. (PCH 16)$265,000$1382014-07-2520111,920Resale
1624 Harbor Club Dr$272,000$1462014-06-2020071,866Resale
3355 Shadowmoss Dr$295,200$1562014-01-1020141,893New
1657 Shadowmoss Ave$247,500$1442013-11-0720131,723New
1651 Shadowmoss Ave$240,000$1412013-07-2220071,706Resale
3317 Harbor Club Dr$309,500$1372013-06-1720132,258New
3324 Harbor Club Dr$301,300$1492013-06-1420132,018New
3312 Harbor Club Dr$251,000$1302013-05-3120061,926Resale

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

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