Sale of Water Oak Plantation marks a new high point for Tallahassee-area residential real estate market since recovery, Joe Manausa Real Estate reports
Tallahassee, FL, United States of America - November 4, 2015 /MarketersMedia/ —
Joe Manausa Real Estate reported the setting of a new Tallahassee Real Estate record with the agency's successful sale of the historic Water Oak Plantation property. Clocking in at $3.74 million, the sale sets a new high-water mark for the local residential real estate market since the current recovery began. Homes for sale in Tallahassee FL by Joe Manausa Real Estate at the present time include everything from affordable starter properties to some of the most luxurious available in the area.
"We're happy to report that, through hard work and dedication, we have finalized the sale of the Water Oak Plantation and have done so at a record-setting price," agency founder Joe Manausa said, "This is an important moment not just for the heirs to the plantation and its happy new owners, but for people throughout the Tallahassee area. To have such a momentous sale go through at this impressive price really signals how things are turning around, and we are proud to be a part of these positive developments."
Hit harder than just about anywhere else by the real estate bust that began in 2006, Florida has been slow to recover, thanks in part to the feverish pace of construction activity beforehand. Tallahassee, in particular, rode as high as any city in the United States throughout the earlier boom times, with developers putting up enough housing stock to see the area through many years of normal growth.
Today, much of Florida is again approaching the record levels of home sales that were set in those days, with the statewide rate of monthly residential transactions now at 98.2 percent of the peak it hit a decade ago. Tallahassee, on the other hand, has been lagging, racking up numbers only around 61 percent of the historical highs, according to a recent Tallahassee Democrat report.
Joe Manausa Real Estate's recent record sale of the Water Oak Plantation for the property's heirs, though, show how the local tides are turning. Standing beside Lake McBride near Thomasville Road about 10 miles north of the Capitol, the plantation is one of the region's most historic and desirable properties.
In the midst of a difficult market, Joe Manausa Real Estate experts committed to finding an appropriate buyer for the plantation, with the previous owners having extensively renovated the centerpiece mansion, even raising dozens of cattle and horses on the property. That hard work paid off in the recent, record-setting sale of the property for $3.74 million, a transaction that exceeds in price all others in the local residential market since the recovery began, a sign of even more strength to come.
Those interested in reading more about the sale, the property, or Joe Manausa Real Estate agency in general can do so at the agency's website, where an extensive collection of Tallahassee luxury homes for sale and other residences can also be viewed.
About Joe Manausa Real Estate:
Providing the best in representation to home buyers and sellers throughout the Tallahassee area, the agents of Joe Manausa Real Estate work tirelessly to pursue and safeguard the interests of every client.
For more information about us, please visit http://www.manausa.com/
Name: Ron Rice
Organization: Joe Manausa Real Estate
Phone: 1 (850) 366-8917
Release ID: 95891