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Tallahassee Waterfront Homes Continue To Defy Housing Market

Tallahassee Waterfront HomesAs I was digging through recent sales of Tallahassee waterfront homes, I noticed a trend that seemed to be contrary to the rest of the Tallahassee housing market. Could it be that I have discovered a niche in our Tallahassee neighborhoods that is performing well?

We have several clients who are looking to buy a home on a lake in Tallahassee, so I just wanted to make sure we were up to speed with this special part of the market. I looked at recent transactions involving Tallahassee waterfront homes and found that they appear to be appreciating, even as the non-waterfront homes continue to decline in value. The map below shows all waterfront home sales in the Tallahassee MLS from this year.

 
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Average Sales Price Of Tallahassee Waterfront Homes

The average sales price of Tallahassee waterfront homes in 2011 has been 346,000, which is an 18% increase from the $293,000 average price recorded in 2010. During the same period of time, the average sales price of non-waterfront homes in Tallahassee has fallen 5% from $177,000 to $168,000.

Tallahassee Waterfront Homes Average Price

Average Value Of Tallahassee Waterfront Homes

The average value of Tallahassee waterfront homes sold in Tallahassee is the big surprise for today's report. As we see in the real estate graph below, the average value of homes on the water has risen 4% this year, from $122 per square foot in 2010 to $127 per square foot this year. Non-waterfront homes in Tallahassee have not been as fortunate, with values declining 7% from $105 per square foot last year to $97 per square foot through mid November 2011.

Number Of Tallahassee Waterfront Homes Sold

The last "check" I needed to make was to compare the total number of Tallahassee waterfront homes sold this year with years prior, in order to see if unit sales had died off. This (fortunately) is not the case. It appears as if the number of waterfront homes in Tallahassee that will sell this year will be lower than last year, but we can already see that more have been sold than in any of the three years prior to 2010. I would say this final piece of the equation bodes well for people who have homes on lakes and ponds in Tallahassee.

Tallahassee Waterfront Homes Sold In Tallahassee

Recent Sales Of Tallahassee Waterfront Homes

Neighborhood Address SP Price/ SQF Closing Date Year Built SQF
Blounts Camp 24068 Lanier $150,000 $111 11/2/2011 1958 1,351
Killearn Lakes 9888 Deer Lake N $370,000 $128 10/28/2011 2002 2,894
Blounts Camp 24220 Lanier Street $163,000 $99 10/28/2011 1954 1,642
Foxcroft 2973 Foxcroft Drive $131,000 $86 10/21/2011 1984 1,528
Killearn Estates 4056 Mclaughlin Dr $312,500 $111 10/21/2011 1990 2,818
Moore Pond 6157 Heartland Cir $670,000 $107 10/18/2011 1995 6,275
Greenwood Hills 2165 Lake Brooke Drive $400,000 $109 10/17/2011 1994 3,654
Golden Eagle Plantation 2903 Royal Isle Drive $750,000 $135 10/14/2011 2005 5,549
Southwood 4632 Grove Park $468,000 $177 10/14/2011 2011 2,645
The Antlers 7056 Buck Lake Road $205,000 $108 10/14/2011 1987 1,895
Lafayette Town Homes 356 S Franklin Blvd $69,900 $77 10/5/2011 1948 907
Betton Hills 2205 Armistead Road $165,000 $80 10/4/2011 1972 2,065
None 4504 Rockbridge Hollow $1,000,000 $141 10/3/2011 1988 7,100
Northampton 5399 Pembridge Pl $600,000 $142 9/30/2011 1991 4,240
Southwood 4654 Grove Park $549,000 $174 9/30/2011 2006 3,150
Blounts Camp 24112 Lanier St $127,600 $231 9/30/2011 1954 552
Hawks Landing 3180 Hawks Landing Drive $365,000 $128 9/29/2011 1997 2,848
Golden Eagle Plantation 2220 Genevieve Court $750,000 $198 9/28/2011 2005 3,786
Golden Eagle Plantation 9252 Shoal Creek $450,000 $145 9/28/2011 2004 3,100
Arvah Branch 2456 Arvah Branch Boulevard $265,000 $102 9/26/2011 1994 2,588
Idlewild 1308 Carson Drive $126,000 $86 9/23/2011 1954 1,464
Lake Jamie 4221 Rabbit Pond Road $259,500 $113 9/23/2011 1991 2,302
Golden Pheasant 2159 Game Bird Ct $238,000 $104 9/23/2011 2005 2,299
Glen At Golden Eagle 2634 Heathrow $177,900 $89 9/14/2011 2002 1,995
Oakfair Farms 2517 Lakefair Drive $247,000 $113 9/12/2011 1992 2,179
Golden Eagle Plantation 2147 W Golden Eagle Drive $1,200,000 $159 9/12/2011 2002 7,560
Killearn Acres 5328 Ben Brush Trail $210,000 $94 9/9/2011 1983 2,236
Killearn Estates 5016 Tallow Point Rd $212,000 $121 9/2/2011 1986 1,752
Rivers Landing 4831 Sampler Dr. $161,700 $119 8/29/2011 2011 1,358
Iamonia Lodge Unrec 12182 Waterfront Drive $280,000 $175 8/27/2011 2010 1,600
Brill Point Unrec 5000 Brill Point $825,000 $163 8/26/2011 1997 5,066
Killearn Estates 3186 Ferns Glen Drive $245,000 $89 8/26/2011 1983 2,754
Killearn Lakes 2994 Killearn Pointe Court $404,900 $119 8/25/2011 2005 3,400
Southwood 3044 Dickinson Drive $670,000 $138 8/25/2011 2008 4,864
Rivers Landing 4413 Rivers Landing Drive $138,000 $102 8/25/2011 2011 1,358
Groveland Hills 912 Groveland Hills Drive $192,000 $122 8/22/2011 1982 1,574
Eagle'S Ridge 9254 Eagles Ridge Drive $500,000 $122 8/22/2011 2007 4,104
Golden Eagle Plantation 2887 Royal Isle $378,000 $144 8/9/2011 2011 2,623
Baker Place 7024 Grenville Road $755,000 $166 7/29/2011 2002 4,544
Southwood 3190 Dunbar Lane $537,000 $157 7/29/2011 2011 3,426
Killearn Estates 5061 Pimlico Drive $282,000 $102 7/29/2011 1987 2,772
Betton Hills 2514 Harriman Cir $650,000 $174 7/27/2011 2006 3,728
Coventry Banks 8091 Lanternlight Road $850,000 $148 7/25/2011 2003 5,726
Woodbriar 3396 Woodbriar Ln $120,000 $96 7/18/2011 2005 1,249
Killearn Estates 2640 Nantucket Lane $182,000 $107 7/18/2011 1996 1,702
Mcbride Hills 7762 Mcclure Dr $445,000 $162 7/15/2011 1999 2,747
Summerbrooke 1017 Summerbrooke Drive $407,500 $154 7/15/2011 1993 2,651
Lakeside 4255 Cool Emerald $152,000 $86 7/15/2011 2006 1,767
None 3400 Williams Road $850,000 $266 7/15/2011 2006 3,195
The Racquet Club 1971 Maryellen Drive $108,000 $89 7/8/2011 1989 1,219
Golden Eagle Plantation 8889 Glen Abby Dr $565,000 $174 7/5/2011 1997 3,238
Rosehill 287 Rosehill Dr E $838,000 $146 7/1/2011 1999 5,746
Lake Mary Ann Unrec 4197 Kimmer Rowe $338,000 $111 7/1/2011 1997 3,052
Reserve At The Ridge 9163 Eagles Ridge Dr $382,500 $137 6/30/2011 2004 2,792
Vieux Carre 1453 Vieux Carre Drive $477,675 $167 6/30/2011 2004 2,868
Woodrun East 7890 Tally Ann Drive $77,000 $73 6/30/2011 1990 1,055
Lake Heritage Estates 2128 Little River Lane $87,500 $81 6/30/2011 1980 1,086
Burr Sub 3268 Longleaf Road $280,000 $76 6/30/2011 1953 3,679
Moore Pond 6867 Heartland Circle $732,500 $170 6/24/2011 1995 4,314
The Lakes 1327 Airport Dr E-10 $95,000 $88 6/22/2011 1984 1,083
Sawgrass Plantation 2785 Saw Palmetto Ln $137,000 $96 6/17/2011 1998 1,425
Golden Eagle Plantation Lot 5 Shoal Creek $431,532 $154 6/15/2011 2011 2,801
Killearn Estates 4016 Mclaughlin Drive $279,500 $115 6/13/2011 1988 2,440
Kimberton 3030 Shamrock $355,000 $88 6/10/2011 1981 4,021
Lake Vern Estates Unrec 3017 Tisha Dr $310,000 $119 6/2/2011 1994 2,610
Forest Square 1617 Seminole Drive $230,000 $114 6/2/2011 1978 2,016
Killearn Estates 3050 Bay Shore Drive $175,000 $95 5/27/2011 1978 1,845
Meadows At Woodrun 2344 Windermere Rd $125,000 $102 5/25/2011 1980 1,230
The Antlers 7047 Alhambra Drive $241,000 $106 5/20/2011 1997 2,273
Southwood 3174 Baringer Hill Drive $435,000 $154 5/17/2011 2006 2,825
Edinburgh Estates 4352 Camden Drive $278,800 $112 5/17/2011 2006 2,486
Killearn Estates 4716 Tory Sound Lane $175,000 $80 5/13/2011 1979 2,174
Moore Pond 6617 Heartland Circle $1,300,000 $99 5/12/2011 2001 13,100
Coventry Banks 8128 Lanternlight Lane $730,000 $168 5/12/2011 2002 4,357
Killearn Acres 3136 Lookout Trail $182,000 $98 5/10/2011 1987 1,864
Golden Eagle Plantation 8986 Winged Foot Drive $647,500 $134 4/29/2011 1988 4,850
Golden Eagle Plantation 2945 Golden Eagle Drive East $415,000 $127 4/29/2011 1991 3,267
Summerbrooke 7551 Preservation Road $350,000 $105 4/29/2011 2004 3,332
Ketcham Trust 3164 W Lakeshore Drive $230,000 $122 4/25/2011 1956 1,886
Luna Plantation 10850 Luna Point Rd $260,000 $127 4/22/2011 1990 2,054
Chemonie Crossing 7241 Old Chemonie Court $356,000 $135 4/21/2011 2002 2,631
Woodrun East 7800 Tally Ann Drive $45,000 $35 4/21/2011 1981 1,270
Edinburgh Estates 4379 Woodbridge Road $154,000 $79 4/19/2011 1984 1,948
Brandon Woods 810 Maderia Circle $365,000 $102 4/15/2011 1991 3,585
Golden Eagle Plantation 9149 Shoal Creek Drive $354,900 $121 4/15/2011 1996 2,932
Southwood 4308 Grove Park $205,000 $133 4/13/2011 2005 1,541
St Andrews 1900 Nicklaus Ct $47,500 $50 4/12/2011 1989 952
Russell'S Pond 4617 Russells Pond Ln $100,000 $85 4/6/2011 2001 1,173
Centerville Trace 3638 Oxhill Court $179,000 $114 3/30/2011 2001 1,571
Killearn Estates 4724 Tory Sound Lane $160,000 $76 3/30/2011 1977 2,092
Killearn Estates 3166 Ferns Glen Drive $230,000 $74 3/30/2011 1981 3,123
Hall Property Unrecorded 17521 Frank N Margret Lane $16,800 $21 3/30/2011 1971 800
Killearn Estates 2644 Nantucket Lane $165,000 $99 3/25/2011 1990 1,670
Golden Eagle Plantation 8155 Glenmore Drive $560,000 $153 3/18/2011 1997 3,664
Meridian Meadows 218 Mill Branch Road $120,000 $130 3/18/2011 1970 920
Groves At Summerbrooke 1528 Applewood Way $195,000 $125 3/16/2011 2005 1,558
1300 Live Oak Plantation 1455 Millstream Road $425,000 $103 3/10/2011 1989 4,108
Barrington Park Condominiums 2801 Chancellorsville Drive $162,400 $106 2/28/2011 2004 1,532
Greenwood Hills 2070 Wildridge Drive $285,000 $80 2/28/2011 1990 3,557
Summer Lake 1766 San Damian Road $331,106 $137 2/25/2011 2009 2,418
Luna Plantation 10053 Collins Hole $439,000 $157 2/18/2011 1997 2,800
Laurel Trace 2624 Fenwood Court $140,000 $84 2/17/2011 2006 1,665
Southwood 3254 Belle Meade Trail $704,000 $175 2/16/2011 2005 4,012
None 4209 Rabbit Pond Road $195,000 $139 2/4/2011 1997 1,400
Blounts Camp 24064 Lanier St. $95,000 $170 2/4/2011 1954 560
Southwood 3166 Dunbar Lane $506,099 $167 1/28/2011 2011 3,022
Golden Eagle Plantation 2286 Cobb Drive $386,000 $122 1/27/2011 2002 3,156
Killearn Lakes 2409 Bass Bay Drive $282,000 $115 1/26/2011 1994 2,442
Southwood 3169 Mulberry Park Blvd $135,000 $91 1/26/2011 2002 1,483
Woodbriar 3395 Woodbriar Lane $120,000 $87 1/18/2011 2005 1,375
Mission Manor 6109 Greenon Lane $32,000 $51 1/4/2011 1983 623

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