The Tallahassee luxury home market has not cooled off one bit, surging ahead as buyers take advantage of near record low mortgage interest rates.
Of the 74 people who have purchased a home for $500,000 or more this year, 20 paid cash (27%), which means that 73% are relying on the historic low interest rates to afford such a pricey home. Over the past 12 years, the cash paying subset of this group has been 15%, meaning 85% relied on low mortgage interest rates.
Can you imagine the impact on the Tallahassee luxury home market when mortgage interest rates return to normal?
Tallahassee Luxury Home Market
When we look at the upper end of the Tallahassee housing market, it is clear that we are still enjoying good times. Unlike many of the lower price ranges where sales remain at levels last seen in the early 1990s, high end home sales are doing quite well.
The real estate graph below tracks home sales trends for homes priced above $500,000.
In the graph above, the blue vertical bars show the number of closed home sales for homes priced between $500,000 and $750,000 each year, while the red vertical bars show the number of closed home sales priced above $750,000. The combined total of these two price ranges (closed home sales priced above $500,000) is shown in green. All three of these are measured on the left vertical axis.
The corresponding lines show the average value each year for the same price ranges, and measured on the right vertical axis.
Through October, there have been exactly the same number of luxury home sales in Tallahassee as there were all year last year (green bar), and the average value is on the rise. It is interesting to note that the average value of homes over $750,000 has fallen slightly this year, while those between $500K and $750K are up nicely.
Where is the Tallahassee market headed?
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Large Homes In Tallahassee
When we look at luxury home sales based purely on home size, we find a strengthening market. The average value of existing homes larger than 3,000 square feet has risen by more than 10% in 2014 versus 2013, but unit sales look to be about the same (with two more months to go, it looks like a dead heat).
Luxury Homes For Sale In Tallahassee
The following list shows ten of the luxury homes for sale in Tallahassee. You can see them all by clicking the link to the luxury home market, or get more details on any specific listing by clicking on the image of the home in question.
[idx-listings linkid=”350039″ count=”10″ showlargerphotos=”true”]
High End Home Sales In Tallahassee
High End Home Sales In Tallahassee
| Address | Price | Price / SQF | Closing Date | Year Built | SQF | Sale Type |
|---|---|---|---|---|---|---|
| 998 Rosebay Court | $950,000 | $261 | 2026-10-09 | 1986 | 3,633 | Resale |
| 3917 Ardmore Ln | $600,000 | $252 | 2026-10-09 | 2026 | 2,378 | New |
| 2316 Cobb Dr | $615,000 | $198 | 2026-10-09 | 2000 | 3,104 | Resale |
| 1489 Vieux Carre Dr | $696,000 | $288 | 2026-10-01 | 2002 | 2,415 | Resale |
| 540 Bienville Pl | $687,900 | $238 | 2026-10-01 | 2026 | 2,890 | New |
| 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 |
| 2321 Haverhill Rd | $605,000 | $240 | 2026-09-21 | 1990 | 2,521 | Resale |
| 5100 Wild Rose Way | $635,000 | $214 | 2026-09-18 | 2005 | 2,961 | Resale |
| 10056 Neamathla Trl | $789,300 | $283 | 2026-09-16 | 1998 | 2,788 | Resale |
| 275 S Franklin Blvd Unit 6 | $680,000 | $334 | 2026-09-15 | 2025 | 2,038 | New |
| 1755 Tarpon Dr | $1,375,000 | $264 | 2026-09-14 | 1991 | 5,205 | Resale |
| 3019 Hawks Landing Dr | $629,800 | $329 | 2026-09-10 | 1995 | 1,913 | Resale |
| 3129 Rue Royale | $790,000 | $278 | 2026-09-04 | 2003 | 2,845 | Resale |
| 3789 Meadow Vista Ln | $661,600 | $256 | 2026-09-03 | 2026 | 2,582 | New |
| 9737 Faraway Farm Road | $685,000 | $243 | 2026-09-03 | 2008 | 2,818 | Resale |
| 1491 Summerbrooke Dr | $629,900 | $243 | 2026-09-03 | 2026 | 2,589 | New |
| 2389 Sweet Valley Hts | $685,000 | $282 | 2026-08-31 | 2021 | 2,425 | Resale |
| 1628 Woodgate Way | $637,000 | $249 | 2026-08-31 | 1976 | 2,560 | Resale |
| 2868 Royal Isle Dr | $852,000 | $287 | 2026-08-31 | 2003 | 2,968 | 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 |
| 1402 George Calvin Bess Jr Way | $830,000 | 2026-08-31 | 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 |
| 585 Knotted Pine Dr | $619,900 | $291 | 2026-08-25 | 2024 | 2,130 | New |
| 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 |
| 4605 Forest Ridge Dr | $675,000 | $251 | 2026-08-20 | 2013 | 2,689 | Resale |
| 8983 Winged Foot Dr | $1,125,000 | $267 | 2026-08-20 | 1989 | 4,213 | Resale |
| 1205 Wax Wing Ct | $640,000 | $231 | 2026-08-19 | 2001 | 2,775 | Resale |
| 3909 Ardmore Ln | $647,400 | $251 | 2026-08-14 | 2026 | 2,582 | New |
| 2049 Solomon Ct | $735,000 | $283 | 2026-08-14 | 2023 | 2,595 | Resale |
| 1769 Vineyard Way | $725,900 | $272 | 2026-08-14 | 1984 | 2,664 | Resale |
| 10080 Mahan Dr | $899,000 | $456 | 2026-08-14 | 2022 | 1,972 | 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 |
| 6402 Loma Farm Way | $850,000 | $298 | 2026-08-11 | 2021 | 2,852 | 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 |
| 2709 Wharton Circle | $700,000 | $261 | 2026-08-07 | 1999 | 2,681 | 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 |
| 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 |
| 22545 Frances Way | $660,000 | $363 | 2026-08-04 | 2020 | 1,820 | Resale |
| 5059 Centennial Oak Cir | $750,000 | $227 | 2026-08-03 | 1996 | 3,306 | Resale |
| 3908 Bobbin Brook Cir | $1,150,000 | $147 | 2026-07-31 | 1993 | 7,805 | Resale |
| 730 E 6TH Ave Apt 1 | $645,000 | $228 | 2026-07-31 | 1935 | 2,835 | Resale |
| 7042 Duck Cove Rd | $880,000 | $299 | 2026-07-31 | 1982 | 2,946 | 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 |
| 2909 Brandemere Dr | $689,000 | $260 | 2026-07-30 | 1965 | 2,650 | 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 |
| 3873 Ardmore Ln | $720,000 | $279 | 2026-07-28 | 2024 | 2,577 | Resale |
| 6274 Hines Hill Cir | $750,000 | $281 | 2026-07-28 | 1993 | 2,668 | Resale |
| 8014 Susan Bradford Ln | $2,875,000 | $482 | 2026-07-27 | 2022 | 5,969 | Resale |
| 522 Knotted Pine Dr | $640,000 | $252 | 2026-07-24 | 2023 | 2,535 | Resale |
| 1504 Summerbrooke Dr | $696,200 | $270 | 2026-07-23 | 2026 | 2,582 | New |
| 7817 Mcclure Dr | $720,000 | $233 | 2026-07-22 | 1989 | 3,090 | Resale |
| 24212 Lanier St | $700,000 | $253 | 2026-07-22 | 1954 | 2,769 | Resale |
| 2125 Trescott Dr | $640,000 | $262 | 2026-07-21 | 1981 | 2,444 | 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 |
| 5990 Colonel Scott Dr | $925,000 | $312 | 2026-07-17 | 2000 | 2,965 | Resale |
| 4315 Cripple Creek Rd | $625,000 | $226 | 2026-07-17 | 1977 | 2,768 | 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 |
| 3780 Longfellow Rd | $685,000 | $270 | 2026-07-16 | 2011 | 2,539 | Resale |
| 7096 Spicewood Ln | $622,500 | $229 | 2026-07-15 | 2000 | 2,724 | Resale |
| 5705 Groveton Ct | $635,000 | $249 | 2026-07-15 | 2016 | 2,555 | 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 |
| 9093 Old Chemonie Rd | $675,000 | $240 | 2026-07-13 | 2003 | 2,814 | Resale |
| 1111200080000 | $700,000 | $200 | 2026-07-10 | 1989 | 3,496 | Resale |
| 2366 Mystic Pl | $665,000 | $308 | 2026-07-10 | 2023 | 2,157 | Resale |
| 5992 Hardy Croom Ct | $977,500 | $274 | 2026-07-09 | 2003 | 3,571 | 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 |
| 8179 Glenmore Dr | $822,000 | $277 | 2026-07-01 | 1997 | 2,972 | Resale |
| 649 Knotted Pine Dr | $613,400 | $272 | 2026-07-01 | 2026 | 2,255 | New |
| 1471 Summerbrooke Dr | $667,900 | $259 | 2026-07-01 | 2026 | 2,582 | New |
| 9519 Starhawk Dr | $999,000 | $168 | 2026-07-01 | 2003 | 5,945 | 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 |
| 3125 Rue Royale | $780,000 | $292 | 2026-06-30 | 2003 | 2,673 | 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 |
| 8530 Congressional Dr | $620,000 | $234 | 2026-06-29 | 1993 | 2,652 | Resale |
I hope you enjoyed our October 2014 update on luxury home sales in Tallahassee, please feel free to drop me a note if you have questions not covered in this report.
