Aerial view of homes in the Penny Lane neighborhood, Tallahassee, FL

Penny Lane · Northeast Tallahassee

Penny Lane Homes for Sale

Last updated: November 7, 2026

Penny Lane is a neighborhood of 8 single-family homes in Northeast Tallahassee. Homes here were built from 1938 through 1996.

Penny Lane market intelligence

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This count comes from our last check of the multiple listing service (MLS).

Penny Lane Homes for Sale

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At a glance

Penny Lane Key Facts

  • Location: Northeast Tallahassee
  • ZIP Code: 32312
  • Homes: 8 single-family homes
  • Construction Era: From 1938 through 1996; median year built 1991
  • Median home size: 4,314 square feet
  • Most common layout: 5 bedrooms, 4 bathrooms
  • Owner-Occupied: All homes owner occupied
  • Elementary school: Gilchrist Elementary, 2.3 miles, Florida DOE school grade A (2026), (850) 487-4310
  • Middle school: Raa Middle, 2.9 miles, Florida DOE school grade B (2026), (850) 488-6287
  • High school: Leon High, 3.8 miles, Florida DOE school grade B (2026), (850) 617-5700
  • Median lot size: 1.16 acres

Property and Neighborhood Explorer

Penny Lane Boundary and Lots

The map below outlines the Penny Lane boundary and every lot inside it. A click on any lot shows its last sale, and the search box finds a home by address.

Zoom in and click any lot for its details.

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Neighborhoods Near Penny Lane

Every Tallahassee neighborhood we cover is in the neighborhood directory, so you can line Penny Lane up against any of them.

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Penny Lane Homes for Sale

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Penny Lane Listing Alerts

No homes are currently listed for sale.

Homes and setting

Penny Lane Homes: 8 Single-Family Homes

All 8 homes in Penny Lane are single-family homes, built from 1938 through 1996.

The median home size in Penny Lane is 4,314 square feet of heated and cooled space. The most common layout here is five bedrooms and four bathrooms.

In Penny Lane, 63% of owners have held their home for ten years or more.

Every home in Penny Lane is lived in by its owner.

Penny Lane is in ZIP code 32312. The homes here line Penny Lane.

Drive Times From Penny Lane

Downtown & campus
I-10, Exit 203
about 7 minutes
2 miles
Florida Capitol
about 11 minutes
3.8 miles
Florida State University
about 12 minutes
4.2 miles
Florida A&M University
about 15 minutes
5.2 miles
Bobby Bowden-Tallahassee International Airport
about 24 minutes
14.9 miles
Hospitals
The coast
Hospitals
Tallahassee Memorial Hospital
about 8 minutes
2.8 miles
HCA Florida Capital Hospital
about 9 minutes
3.1 miles
The coast
Shields Marina, St. Marks
about 41 minutes
24 miles
Carrabelle Marina
about 1 hour 20 minutes
58.2 miles
St. George Island
about 1 hour 50 minutes
79.5 miles

Where Is the Tallahassee Market Headed?

New articles as they publish, plus the Monday market report. Free, by email.

Penny Lane, Northeast Tallahassee

Association and Dues

Penny Lane has its own homeowners association. Dues can change from time to time, so confirm the current amount with your Joe Manausa Team member before you make an offer.

Penny Lane market

Penny Lane Home Prices and Sales

0Sales closed, past 12 months
8Penny Lane homes

Sales records for Penny Lane begin in 1991 and run through November 7, 2026. The figures below leave out family transfers, bank sales, and short sales.

How Much Do Penny Lane Homes Sell For?

Median price of the homes sold each year in Penny Lane, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median sale price, by closing year
YearPenny Lane existing homesPenny Lane new constructionLeon County existing homesLeon County new constructionPenny Lane sales (existing / new)
2026$305,000$436,9000 / 0
2025$289,600$419,9000 / 0
2024$925,000$288,500$416,1501 / 0
2023$950,000$270,000$410,7001 / 0
2022$245,000$415,7500 / 0
2021$225,000$325,0000 / 0
2020$215,000$302,1500 / 0
2019$195,000$279,9000 / 0
2018$188,000$310,5000 / 0
2017$625,000$185,000$285,4001 / 0
2016$178,400$289,0000 / 0
2015$178,250$269,8500 / 0
2014$176,000$276,1000 / 0
2013$175,000$282,9000 / 0
2012$169,000$270,9000 / 0
2011$710,000$167,800$244,6501 / 0
2010$170,000$192,0000 / 0
2009$168,000$184,5000 / 0
2008$177,500$202,2500 / 0
2007$179,600$193,5000 / 0
2006$1,050,000$176,500$183,5002 / 0
2005$166,0500 / 0
2004$644,000$149,0001 / 0
2003$134,9000 / 0
2002$725,000$122,0001 / 0
2001$115,0000 / 0
2000$105,0000 / 0
1999$102,0000 / 0
1998$99,0000 / 0
1997$90,0000 / 0
1996$252,000$90,0001 / 0
1995$85,0000 / 0
1994$79,0000 / 0
1993$365,400$77,5001 / 0
1992$73,3000 / 0
1991$169,000$68,5001 / 0
1990$68,0000 / 0
1989$63,0000 / 0
1988$100,000$61,8501 / 0

How Much Are Penny Lane Homes Worth?

Median home value, in price per square foot, each year in Penny Lane, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one Penny Lane home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median price per square foot, by closing year
YearPenny Lane existing homesPenny Lane new constructionLeon County existing homesLeon County new constructionPenny Lane sales (existing / new)
2026$199$2360 / 0
2025$194$2440 / 0
2024$260$193$2391 / 0
2023$186$2311 / 0
2022$170$2080 / 0
2021$152$1830 / 0
2020$137$1730 / 0
2019$126$1720 / 0
2018$123$1710 / 0
2017$147$117$1641 / 0
2016$113$1550 / 0
2015$110$1520 / 0
2014$107$1470 / 0
2013$105$1440 / 0
2012$100$1370 / 0
2011$167$102$1301 / 0
2010$109$1220 / 0
2009$113$1270 / 0
2008$122$1310 / 0
2007$129$1380 / 0
2006$130$1362 / 0
20050 / 0
20041 / 0
20030 / 0
20021 / 0
20010 / 0
20000 / 0
19990 / 0
19980 / 0
19970 / 0
19961 / 0
19950 / 0
19940 / 0
19931 / 0
19920 / 0
19911 / 0
19900 / 0
19890 / 0
19881 / 0

How Big Are the Homes That Sell in Penny Lane?

Median home size, in square feet, each year in Penny Lane, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median size (sq ft), by closing year
YearPenny Lane existing homesPenny Lane new constructionLeon County existing homesLeon County new constructionPenny Lane sales (existing / new)
20261,5661,8730 / 0
20251,5441,7470 / 0
20243,5611,5221,7861 / 0
20231,4881,7911 / 0
20221,4761,9350 / 0
20211,5021,8070 / 0
20201,5811,7570 / 0
20191,5691,6700 / 0
20181,5501,7910 / 0
20174,2471,5941,7441 / 0
20161,6261,8030 / 0
20151,6821,7640 / 0
20141,6961,8760 / 0
20131,7002,0100 / 0
20121,7291,9870 / 0
20114,2471,7031,7831 / 0
20101,6441,5730 / 0
20091,5371,4870 / 0
20081,5041,5700 / 0
20071,4651,5350 / 0
20061,4691,4702 / 0
20050 / 0
20041 / 0
20030 / 0
20021 / 0
20010 / 0
20000 / 0
19990 / 0
19980 / 0
19970 / 0
19961 / 0
19950 / 0
19940 / 0
19931 / 0
19920 / 0
19911 / 0
19900 / 0
19890 / 0
19881 / 0

Penny Lane Recent Sales

Recent Penny Lane home sales
AddressPricePrice / sq ftClosing dateYear builtSq ftSale type
$925,000$2602024-01-2319883,561Existing
$950,0002023-07-131988Existing
$625,000$1472017-01-1219384,247Existing
$710,000$1672011-01-0619384,247Existing
$1,450,0002006-04-271991Existing
$650,0002006-04-251988Existing
$644,0002004-11-301989Existing
$725,0002002-03-201993Existing
$252,0001996-01-011938Existing
$365,4001993-11-011989Existing
$169,0001991-01-011938Existing
$100,0001988-01-011938Existing
Showing 12 of 12 sales

Sources: the Leon County Property Appraiser and the MLS.

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Schools

Schools Serving Penny Lane

2026–27 attendance zones

Assigned Public Schools

All homes in Penny Lane are zoned for Gilchrist Elementary School, Raa Middle School, and Leon High School.

Gilchrist Elementary School is 2.3 miles from Penny Lane and has a Florida DOE school grade of A (2026). Its phone number is (850) 487-4310.

Raa Middle School is 2.9 miles away and has a Florida DOE school grade of B (2026). Its phone number is (850) 488-6287.

Leon High School is 3.8 miles away and has a Florida DOE school grade of B (2026). Its phone number is (850) 617-5700.

Gilchrist Elementary SchoolFlorida DOE school grade: A (2026)All 8 homes in Penny Lane
Raa Middle SchoolFlorida DOE school grade: B (2026)All 8 homes in Penny Lane
Leon High SchoolFlorida DOE school grade: B (2026)All 8 homes in Penny Lane

School zones can change from time to time, so check the current assignment for the exact address before you buy.

The Leon County Schools zone lookup shows the assigned schools for any address.

Other Schools Nearby

Charter Schools

These are tuition-free public schools open to students from any Leon County address.

Buying in Penny Lane

Buying a Home in Penny Lane

Fewer than one home a year comes up for sale in Penny Lane, and only three have sold in the past ten years, so a buyer who wants to live here has to be ready when one does. Ready means you choose your agent first, build the plan together, and then find the house. Our plan is to negotiate from what the home is worth, not from an inflated asking price. Ask us for the plan before you start looking.

Plan Your Penny Lane Search

To see every home for sale that fits your search, in Penny Lane or nearby, use the Home Finder.

If you plan to buy here, the Tallahassee home buying guide lays out the steps in order.

To turn a Penny Lane price into a monthly payment, use the mortgage calculator.

Selling in Penny Lane

Selling a Home in Penny Lane

Most sellers negotiate with one buyer at a time. Our selling plan is built to bring several buyers together so they compete for your home. Ask us how that plan would work when you sell in Penny Lane.

If you own a home here and plan to sell, the Tallahassee home selling guide covers what to decide before the home goes on the market.

To learn what your Penny Lane home is worth today, request a home evaluation.

The home marketing plan shows how our selling plan is built to bring several buyers to the same home.

What Is Your Penny Lane Home Worth Right Now?

Penny Lane questions

Penny Lane Frequently Asked Questions

Are new homes still being built in Penny Lane?

No. The newest home in Penny Lane was built in 1996, and no vacant lots remain.

What homes have recently sold in Penny Lane?

The most recent sale in Penny Lane was 1248 Penny Ln, which sold for $925,000 on January 23, 2024. Before that, 1248 Penny Ln sold for $950,000 on July 13, 2023, and 1281 Penny Ln sold for $625,000 on January 12, 2017. See all 12 recent sales in the table above.

What types of homes are in Penny Lane?

All 8 homes in Penny Lane are single-family homes. The median home size is 4,314 square feet of heated and cooled space, and the most common layout is five bedrooms and four bathrooms.

Which public schools serve the Penny Lane neighborhood?

Gilchrist Elementary School, Raa Middle School, and Leon High School. School zones can change from time to time, so confirm the current assignment for the home you choose with your Joe Manausa Team member.

Are homes in Penny Lane in a flood zone?

No. None of the 8 lots in Penny Lane are in a FEMA 1%-chance flood zone.

How old are the homes in Penny Lane?

Homes in Penny Lane were built from 1938 through 1996. The median year built is 1991, so half the homes are older than 35 years and half are newer.

Do homes in Penny Lane have pools?

Yes. In Penny Lane, 50% of the homes have a pool.

How should a home in Penny Lane be valued?

A home in Penny Lane is best valued against recent sales of similar homes here, adjusted for differences in size, condition, updates and lot. Online estimates can't see inside a home, so for a figure on one home, request a home evaluation from a Joe Manausa Team member.

Questions about one Penny Lane address

Ready to Talk About a Penny Lane Property?

This page describes Penny Lane as a whole, not the one home you have in mind. Bring your questions about that home to a Joe Manausa Team member before you decide.

For local services you may need before or after a move, see our preferred vendor list.

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