Tower Gates Real Estate Report February 2022
Tower Gates is a brand-new neighborhood in Northwest Tallahassee that is currently showing a flurry of new home construction and sales activity.
Located on the south side of Tower Road just off of Capital Circle NW, Tower Gates's residents enjoy easy access to I-10 and downtown.
Homes For Sale In Tower Gates
Tower Gates Schools
The Leon County public schools for which Tower Gates is zoned are:
In this report, we will look at average home prices, average home values, and average home sizes in Tower Gates, as well as provide a complete list of all closed home sales going back to 2021 (the first year of home sales in this popular neighborhood).
For the 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 narrative contained below is for sales through December for all previous years but through the first week of January in 2022. The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in Tower Gates).
Tower Gates Home Prices
The average home price in Tower Gates in 2021 was $238K, but you can expect significant growth in prices since they are all selling before they're built.
Activity in Tower Gates is smoking hot, just as one would expect in today's housing market. Currently, there are 59 homes for sale in Tower Gates and 50 of them (85%) are already under contract with buyers.
Tower Gates Home Values
The average home value in Tower Gates' first year of sales (2021) was $156 per square foot. Based upon the 50 homes that are under contract, I expect to see the average value rise about 13% in 2022 to $176 per square foot, meaning the final homes selling will be very near the $200 per square foot level!
The homes sold and closed in Tower Gates in 2021 had an average value of $156 per square foot.
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Tower Gates Home Sizes
The average size of homes sold in Tower Gates typically falls within a range of 1,400 to 1,600 square feet, and 2021's sales fell right in the middle of that range.
The 3 homes sold in 2021 were measured at an average size of 1,526 square feet.
Tower Gates Home Sales
The following list shows all home sales in Tower Gates going back to 2021 (the year home sales began here).
|Address||Price||Price/SQF||Closing Date||Year Built||SQF||Sale Type|
|5719 Pinebarren Road||$296,000||$210||2022-06-15||2022||1,409||New|
|4484 River Breeze Lane||$268,865||$191||2022-06-10||2021||1,409||New|
|4474 River Breeze Lane||$225,000||$161||2022-05-31||2021||1,400||New|
|4480 River Breeze Lane||$252,000||$158||2022-05-27||2021||1,592||New|
|4476 River Breeze Lane||$268,150||$190||2022-05-26||2020||1,409||New|
|4485 River Breeze Lane||$225,000||$160||2022-05-23||2021||1,409||New|
|4491 River Breeze Lane||$264,000||$166||2022-05-20||2021||1,592||New|
|5731 Pinebarren Road||$257,000||$182||2022-05-20||2021||1,409||New|
|4486 River Breeze Lane||$274,000||$172||2022-05-13||2021||1,592||New|
|4478 River Breeze Lane||$245,000||$154||2022-04-29||2021||1,592||New|
|4475 River Breeze Lane||$287,000||$165||2022-04-27||2021||1,736||New|
|4482 River Breeze Lane||$302,000||$169||2022-04-26||2021||1,792||New|
|4493 River Breeze Lane||$266,000||$169||2022-04-13||2021||1,578||New|
|4494 River Breeze Lane||$252,000||$179||2022-04-08||2021||1,409||New|
|4496 River Breeze Lane||$269,000||$169||2022-04-08||2021||1,592||New|
|4477 River Breeze Lane||$260,000||$185||2022-04-07||2021||1,409||New|
|5723 Pinebarren Road||$244,515||$174||2022-03-31||2020||1,409||New|
|4500 River Breeze Lane||$243,000||$154||2021-09-10||2020||1,578||New|
|4499 River Breeze Lane||$245,000||$154||2021-08-16||2021||1,592||New|
|4497 River Breeze Lane||$227,000||$161||2021-07-02||2021||1,409||New|
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