Lexington Estates and Paraiso 2018 Home Sales – First Half

Lexington Estates entrance; image by Google.

Lexington Estates

Prices are up in Lexington Estates, where nine homes sold in the first half of 2018. The top and bottom prices are above what they were in all of 2017. Still even the houses that sell well are getting less per square foot than comparable homes in similar gated communities.

One house broke the $500K mark. 22299 Tupelo Place sold for $510,000, with 4 bedrooms and 2 1/2 baths in 3000 square feet. The updated kitchen and some other nice features helped it sell in just one month.

On same cul de sac, the much smaller 22286 Tupelo Place had the low price at $375,000 with 3 bedrooms and 2 baths in only 1800 square feet. It has one of the best lot locations in the neighborhood but the house was in sore need of updates throughout. Only one other house sold for less than $400,000 and it was a bank-owned foreclosure.

Six of the nine houses sold for over $450,000. Going for $475,000 was 22176 Braddock Place, a 5-bed, 3-bath model with 3000 square feet and some high end features like marble floors. With all that it’s still less than $160/sq.ft.

Lexington Estates and Paraiso are on the west side of US-441 south of Palmetto Park Road. Image and map data by Google.

Paraiso

The number of sales has increased dramatically in Paraiso (formerly known as Allegro). Seven homes sold in the first half of the year, up from six in all of 2017. There was only one sale under $300K (compared to 3 last year) but the high price was much lower as well.

Paraiso entrance; image by Google.

10130 Fanfare Drive sold for $340,000 with 4 bedrooms and 2 1/2 baths in 2100 square feet. All the other homes that sold were much smaller, most under 1500 square feet.

10266 Allegro Drive sold for $330,000 with 3 bedrooms and 2 baths in 1450 square feet.

The lowest price was $290,000 for 22280 Tempo Way. The 3-bedroom with 1700 square feet is the closest house to the main gate and was due for some updates. It took over 8 months to sell. All the other houses sold in less than 2 months and most in 3 weeks or less.

Lexington Estates and Paraiso Homes Sold 2017

Lexington Estates Homes Sold 2017

Thirteen homes sold in the gated Lexington Estates in 2017 with prices ranging from $345,000 up to $489,000, with an average transaction price of $429,000.

The lowest price was for 10064 Umberland Place, a smaller 3 bedroom with 2100 square feet at $345,000. Three other mostly small models sold for between $380K and $395K.

Three larger homes sold for between $480K and $489K, with the top price going to 22311 Rushmore Place, a 4-bedroom with 2900 square feet.

On average homes sold in Lexington Estates in 2 months or less, though a couple took over six months and six of them sold in less than a month, and four of those in less than a week.

Paraiso – Allegro

Six homes sold in Paraiso (also referred to as Allegro), a small gated community of single family homes just to the south of Lexington Estates. Three homes sold for under $300K (two of them REO) with the lowest being an REO auction for 10266 Allegro Drive at $264K for a 1450 square foot 3-bedroom. It actually sold for more than the list price. Three more sold for over $300K, the highest at 22456 Overture Circle. That 4 bedroom, 2 1/2 bath home with 2000 square feet sold for $384,000.