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.
Get Our Free Market Update
Other buyers, sellers, lenders, and real estate agents have this critical information, and now you can too!
Get immediate access to our most recent newsletter.
Let more than 30 years of experience work for you with charts, graphs, and analysis of the Tallahassee housing market.
Each Monday morning we send out a simple, one-page report that provides a snapshot of the Tallahassee housing market. It only takes 2 minutes to read, but it gives you better market intelligence than most real estate agents possess. Just tell us where to send it below!
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 |
|---|---|---|---|---|---|---|
| 5413 River Reserve Lane | $311,150 | $221 | 2023-03-14 | 2022 | 1,409 | New |
| 5405 River Reserve Lane | $304,000 | $191 | 2023-03-07 | 2022 | 1,592 | New |
| 4354 Bottle Brush Lane | $329,600 | $190 | 2023-03-01 | 2021 | 1,736 | New |
| 4489 River Breeze Lane | $291,000 | $207 | 2023-02-17 | 2022 | 1,409 | New |
| 4479 River Breeze Lane | $294,200 | $209 | 2023-02-15 | 2021 | 1,409 | New |
| 5687 Pinebarren Road | $304,000 | $191 | 2023-02-09 | 2022 | 1,592 | New |
| 5415 River Reserve Lane | $304,000 | $191 | 2023-01-27 | 2022 | 1,592 | New |
| 5683 Pinebarren Road | $299,000 | $188 | 2022-12-30 | 2021 | 1,592 | New |
| 5675 Pinebarren Road | $317,801 | $200 | 2022-12-21 | 2022 | 1,592 | New |
| 5679 Pinebarren Road | $300,000 | $188 | 2022-12-16 | 2022 | 1,592 | New |
| 4461 River Breeze Lane | $330,000 | $184 | 2022-12-16 | 2022 | 1,792 | New |
| 4356 Bottle Brush Lane | $300,455 | $190 | 2022-12-09 | 2021 | 1,578 | New |
| 4495 River Breeze Lane | $320,000 | $184 | 2022-12-01 | 2022 | 1,736 | New |
| 5707 Pinebarren Road | $304,000 | $191 | 2022-12-01 | 2022 | 1,592 | New |
| 5707 Pinebarren Rd | $304,000 | $191 | 2022-11-30 | 2022 | 1,592 | New |
| 5699 Pinebarren Road | $287,000 | $204 | 2022-11-18 | 2022 | 1,409 | New |
| 4342 Bottle Brush Lane | $314,150 | $197 | 2022-11-18 | 2022 | 1,592 | New |
| 5703 Pinebarren Road | $299,000 | $189 | 2022-11-14 | 2022 | 1,578 | New |
| 5735 Pinebarren Road | $296,000 | $188 | 2022-11-10 | 2021 | 1,578 | New |
| 4344 Bottle Brush Lane | $304,000 | $191 | 2022-10-31 | 2021 | 1,592 | New |
| 4346 Bottle Brush Lane | $280,000 | $199 | 2022-10-31 | 2021 | 1,409 | New |
| 4457 River Breeze Lane | $313,000 | $197 | 2022-10-12 | 2021 | 1,592 | New |
| 4340 Bottle Brush Lane | $310,450 | $197 | 2022-10-07 | 2021 | 1,578 | New |
| 5414 River Breeze Lane | $281,000 | $199 | 2022-10-07 | 2021 | 1,409 | New |
| 4360 Bottle Brush Lane | $299,000 | $188 | 2022-10-06 | 2021 | 1,592 | New |
| 4492 River Breeze Lane | $320,000 | $184 | 2022-10-03 | 2021 | 1,736 | New |
| 4490 River Breeze Lane | $305,000 | $193 | 2022-09-30 | 2021 | 1,578 | New |
| 4459 River Breeze Lane | $292,130 | $207 | 2022-09-26 | 2022 | 1,409 | New |
| 4358 Bottlebrush Lane | $259,000 | $184 | 2022-09-09 | 2021 | 1,409 | New |
| 5743 Pinebarren Road | $245,000 | $154 | 2022-08-19 | 2021 | 1,592 | New |
| 5739 Pinebarren Road | $273,082 | $172 | 2022-08-16 | 2021 | 1,592 | New |
| 5727 Pinebarren Road | $279,390 | $176 | 2022-08-05 | 2021 | 1,592 | New |
| 5747 Pinebarren Road | $262,200 | $165 | 2022-08-05 | 2021 | 1,592 | New |
| 4488 River Breeze Lane | $298,000 | $212 | 2022-07-18 | 2021 | 1,409 | New |
| 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 |
Top Tips For Homebuyers
When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
Have you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business by clicking on any of the trusted retailers below.
 |
 |
|||
 |
 |
|||
Think all REALTORS are alike?
Read what people are saying about working with Joe Manausa Real Estate! You can see thousands of real customer reviews reported on Google, Facebook and Zillow at this link: CLICK HERE FOR REAL ESTATE AGENT REVIEWS.
Post a Comment