Buyers Choosing Premium Homes In Golden Eagle Plantation
Home sales in Golden Eagle Plantation are selling at a pace between two and three sales per month over the past five years. As one of the upper-end neighborhoods in Tallahassee, Golden Eagle features a Tom Fazio golf course and a private country club, and has seen some of the more expensive home sales in Tallahassee since it opened in the late 1980s.
Sales boomed in Golden Eagle during the peak of the market, fueled by the new loan programs that offered low interest rates, no principal payments for up to 7 years, and little or no down payment. Currently, we are in the midst of a very different mortgage market, and that is why many homeowners in Golden Eagle are having a hard time luring new buyers to the community.
There are 40 homes for sale right now in Golden Eagle, which represents about 14 months of supply. The following real estate graph shows that values appear to remaining fairly stable, but the reality is that current buyers are opting for homes that are on the premium golf course and lake front homesites at a higher rate than in past years, so the results are being masked by the types of properties that are being sold.
Over the past year, roughly 50% of the homes sold in Golden Eagle were either on the golf course or on a lake. These premium home sites have historically sold for about 25% more than comparable homes on interior lots, so the higher rate of premium home sales is masking the fact that like the rest of the Tallahassee housing market, home values are dropping in Golden Eagle Plantation.
This understanding of how home values are greatly affected by their individual amenities and attributes is important because it is the reason why a home's value cannot be simply measured by computers on real estate websites using a price per square foot algorithm. Sites such as zillow or trulia might use a home on a lake as a comparable property to one on the interior, thus these values (disinformation) often times mislead both buyers and sellers alike in regards to values in a neighborhood.
Recent Home Sales In Golden Eagle Plantation
| Golden Eagle Address | Sales Price | Size | Value (PPSFT) | Age | Sale Date |
| 2961 GOLDEN EAGLE DR E | $450,000 | 3,443 | $130 | 1987 | 4/8/2011 |
| 9006 SHOAL CREEK DR | $383,000 | 3,619 | $105 | 1997 | 4/8/2011 |
| 9635 DEER VALLEY DR | $545,000 | 3,504 | $155 | 2005 | 3/31/2011 |
| 2697 WHARTON CIR | $341,500 | 2,674 | $127 | 1998 | 3/22/2011 |
| 8155 GLENMORE DR | $560,000 | 3,664 | $152 | 1997 | 3/18/2011 |
| 2262 COBB DR | $450,000 | 3,471 | $129 | 2006 | 3/15/2011 |
| 9664 DEER VALLEY DR | $840,000 | 5,019 | $167 | 2003 | 3/3/2011 |
| 2869 ROYAL ISLE DR | $345,000 | 2,992 | $115 | 2003 | 3/2/2011 |
| 9221 SHOAL CREEK DR | $411,000 | 3,249 | $126 | 2005 | 2/8/2011 |
| 8997 BOB O LINK CT | $375,000 | 3,437 | $109 | 1989 | 1/31/2011 |
| 2286 COBB DR | $386,000 | 3,156 | $122 | 2002 | 1/27/2011 |
| 2606 WHARTON CIR | $395,000 | 2,033 | $142 | 2001 | 12/16/2010 |
| 9692 PRESTANCIA WAY | $370,000 | 2,615 | $136 | 2006 | 12/3/2010 |
| 2722 WATERFORD GLEN CT | $430,000 | 3,144 | $116 | 1996 | 11/30/2010 |
| 2684 WHARTON CIR | $419,300 | 2,531 | $140 | 1998 | 11/15/2010 |
| 9015 WINGED FOOT DR | $745,000 | 2,866 | $188 | 2002 | 11/1/2010 |
| 8893 SALTCOATES CT | $329,000 | 2,844 | $161 | 1994 | 10/2/2010 |
| 8893 SALTCOATES CT | $329,000 | 3,816 | $86 | 1994 | 10/2/2010 |
| 2987 SAINT STEVENS DR | $327,000 | 4,350 | $125 | 1994 | 9/16/2010 |
| 2987 SAINT STEVENS DR | $327,000 | 2,615 | $125 | 1994 | 9/16/2010 |
| 8881 BLACKHEATH WAY | $340,000 | 3,144 | $108 | 1999 | 9/13/2010 |
| 9688 DEER VALLEY DR | $575,000 | 3,443 | $167 | 2003 | 9/10/2010 |
| 2320 GATES DR | $382,000 | 2,866 | $133 | 1999 | 8/16/2010 |
| 8823 WINGED FOOT DR | $354,000 | 2,531 | $140 | 1997 | 8/11/2010 |
| 2702 WHARTON CIR | $340,000 | 2,844 | $120 | 1999 | 7/16/2010 |
| 3027 GOLDEN EAGLE DR E | $760,000 | 4,350 | $175 | 2005 | 7/1/2010 |
| 3233 PINE BROOK CT | $670,000 | 4,245 | $158 | 2006 | 7/1/2010 |
| 9030 SHOAL CREEK DR | $625,000 | 3,816 | $164 | 1996 | 6/15/2010 |
| 9030 SHOAL CREEK DR | $625,000 | 3,816 | $164 | 1996 | 6/15/2010 |
| 8499 CONGRESSIONAL DR | $720,000 | 5,662 | $127 | 1991 | 5/14/2010 |
| 8533 HEATHCLIFF CT | $335,000 | 2,485 | $135 | 1999 | 5/14/2010 |
| 9640 DEER VALLEY DR | $750,000 | 3,890 | $193 | 2007 | 5/3/2010 |
| 2845 ROYAL ISLE DR | $369,000 | 2,675 | $138 | 1998 | 4/22/2010 |
| 2274 COBB DR | $423,000 | 3,105 | $136 | 2003 | 4/14/2010 |
| 2558 BISHOPS GREEN TRL | $435,000 | 3,114 | $140 | 1998 | 4/12/2010 |
| 9694 DANCING RABBIT WAY | $345,000 | 2,868 | $120 | 2004 | 3/15/2010 |
| 9227 SHOAL CREEK DR | $390,000 | 3,039 | $128 | 2006 | 3/12/2010 |
| 8950 WINGED FOOT DR | $630,000 | 3,465 | $182 | 2001 | 2/26/2010 |
| 2968 MEDINAH CT | $390,000 | 2,826 | $138 | 2001 | 2/25/2010 |
| 3059 SAINT ANDREWS WAY | $435,000 | 3,132 | $139 | 2005 | 2/17/2010 |
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