Saturnia continues to be a luxury buyer’s bargain. The average price through June of this year fell to $619,000, down from $630,000 in 2017 and $638,000 in 2015. The first half of 2018 saw an increase in the pace of transactions with 21 homes sold. This is on pace for 42 transactions for the full year, up from 33 in 2017 and 23 in 2016. The community is now slightly more saturated than before with 14 homes listed, which is 3.4% of the community.
Three homes sold for over $700,000, while only one sold below $500K. As usual for Saturnia most of the higher prices were for houses over 4000 square feet. The highest price was $735,000 for 19329 Skyridge Circle, a 5-bedroom, 4-bath in 4100 square feet over two floors that sold in just two weeks. It’s gorgeous. On the outside it has an extra-large backyard thanks to a large lot (2/5 or 0.4 acre) and large covered patios on both floors overlooking the swimming pool and hot tub. Inside has all the right touches including a loaded kitchen – extra large refrigerator, double oven, all in stainless with granite and upgraded tile floors.
Not far behind was 19534 Saturnia Lakes Drive, selling for $730,000 with a much larger 4700 square feet. This is another gorgeous house with an over the top backyard including outdoor kitchen and an amazing pool with waterfalls and a slide.
Both of those homes sold in less than a month. By contrast 11755 Bayfield Drive is smaller and took over 7 months to sell, but the price of $720,000 for 3500 square feet was a better deal for the patient seller. The house does not have all the features of the two others, but it is on one floor and has a lake view.
A total of 14 homes sold for $600,000 or more, all with at least 3100 square feet.
Most of the homes selling below $600,000 were 2700 square feet or less, though 11747 Bayou Lane sold for $545,000 with over 3300 square feet. This may be another example where hiring Miami-based realtors did not help the seller. This was the third listing since it first went on the market in 2016, all three with Miami realtors. It took about 18 months to finally get it sold and the price was well below market value, despite extensive renovations.
At the low end, 19101 Skyridge Circle sold for $515,000 with 2800 square feet. 19150 Skyridge Circle sold for $500,000 even with 2700 square feet, and 19681 Estuary Drive was the bottom at $465,000. All three are four-bedroom models.
There are some positive signs in Saturnia but the average home price in Saturnia fell slightly to just under $630,000 for the year 2017, down from $636,000 in 2016 and $638,000 in 2015 and 2014. On the bright side only one house sold for less than $500,000 and just barely at $493K. The lowest price in 2016 was all the way down to $455K with two others under $500K. See our 2016 Saturnia summary. Pressure from new homes in developments like The Bridges and Seven Bridges has increased supply in this segment, keeping home prices from rising for larger single family homes. The Boca Falls 2017 average was also down a little.
Other positive signs include no REO or short sale transactions, and a higher volume with 33 homes sold in 2017, up from 23 in 2016. Some listings failed with eight canceled and ten expired. Also on the negative side, the average price fell in dollars per square foot. In 2016 it was up to $188 per square foot, but in 2017 it dropped to $174 per square foot, well below the 2015 number.
The ten highest prices were large houses over 4000 square feet. 19498 Saturnia Lakes Drive got the biggest price with 6 bedrooms and 4 1/2 baths in 4700 square feet at $850,000. One other sold at $800K and six more sold in the $700s.
Four houses sold near $500K with 19107 Skyridge Circle the lowest at $493,000, and the same 4-bedroom 2800 square foot model next door at 19101 at $505,000. Two 5-bedroom models sold for $510,000, one of them much larger at 3600 square feet.
The biggest apparent bargain of 2017 was 19528 Saturnia Lakes Drive, a 4700 square foot house with 6 bedrooms and 4 1/2 baths that sold for only $635,000, or $133 per square foot. This was sold by an investor who acquired the house out of foreclosure for $545,000. No other house sold for less than $140/sq.ft. The best seller price per square foot was 11898 Preservation Lane, a 2800 square foot 4-bedroom that sold for $600,000, or $214 per square foot. Three other houses in Saturnia sold for over $200/sq.ft. and three more sold for over $190/sq.ft.
We report on 17 homes sold from $330K to $735K in zip code 33498. Mission Bay and Island Lakes were covered in a previous article.
Saturnia generally has the highest prices west of US-441. This report is no exception with two of the top three prices in Saturnia. Mainly this is due to the homes being large.
19354 Skyridge Circle sold for $735,000. The house has just over 4000 square feet with 5 bedrooms, 4 bathrooms and a variety of nice features including a screened in pool with a lake view and a large second floor patio inside the screen.
Nearby 19245 Skyridge Circle sold for $670,000 with 5 bedrooms and 3 bathrooms in 3300 square feet. It has extensive remodeling including the kitchen, master bath and marble tile. Boca Isles
Boca Isles is a large development between Yamato and Glades on the west side of Cain. It includes two sections, North (closer to Yamato) and South (closer to Glades).
20070 Ocean Key Drive in Boca Isles South sold for $705,000, a pretty high price for that community. The house has 5 bedrooms and 3 baths in just under 3200 square feet, with extensive remodeling.
19078 Cloister Lake Lane in Boca Isles North sold for $605K with 4 bedrooms and 3 bathrooms in 2700 square feet on one floor. Again this home had substantial remodeling and also has a screened in pool.
Back to Boca Isles South, 10933 Bal Harbor Drive sold for $569K with the same “Palm Beacher” 5 bed, 3 bath model as the one on Ocean Key Drive. The kitchen was nicely remodeled. Bathrooms and some floors could use an update and there’s no lake view but overall this buyer got quite a bargain by comparison.
Still in South, 19753 Dinner Key Drive sold for $545K with 4 beds and 3 baths in 2900 square feet on two floors. The house has some upgrades but some curious design choices may have reduced buyer interest.
In Boca Isles North again, the smallest model at 19496 Preserve Drive sold for $495K. It has 3 bedrooms and 2 baths in 2100 square feet. A new roof and various upgrades likely increased the value.
The slightly larger at 10864 Tea Olive Lane sold for $479K with 4 bedrooms and 2300 square feet. Again a new roof helped the price.
The lowest price in Boca Isles goes to 20113 N Key Drive (Boca Isles South) at $455K with 4 bedrooms and 3 baths in 2800 square feet. The price was lower than usual because it’s a bank-owned property after a foreclosure last year. The Shores at Boca Raton
Unusually large for The Shores, 11307 Sea Grass Circle sold for $665K with 7 bedrooms and 4 1/2 baths in just over 4000 square feet on two floors. It’s a relatively high price for the neighborhood but a good deal for the buyer on a dollars per square foot basis and the house has some nice features as well.
We see more typical pricing with 18524 Ocean Mist Drive selling for $534K with 5 bedrooms and 3 1/2 baths in 3400 square feet. The price still works out cheap in dollars per square foot. Boca Greens
Boca Greens is a gated golf course community but membership is not mandatory. Most homes are on one floor.
10353 Milburn Lane sold for $549,000. It has 4 bedrooms and 3 bathrooms in 2700 square feet. This is after substantial renovation including new roof, new air conditioning, kitchen, floors and more.
The larger 10367 Camelback Lane sold for $480K with 4 bedrooms and 2 1/2 baths in 2900 square feet. The substantial backyard is probably a magnet for sliced tee shots.
10556 Fenway Place went for the lowest price in Boca Greens this report at $350,000. The 2 bedroom, 2 bath home has 2100 square feet and sat on the market for over five months, due to a high original listing price ($435K).
18636 Cape Sable Drive (image at top of this article) in Lakes at Boca Raton sold for $470,000. The house has 4 bedrooms and 3 1/2 baths in 2800 square feet on two floors.
18171 181st Circle S in Boca Chase sold for $383K with 4 beds and 2 baths in 2100 square feet. It took over six months to sell. Stonebridge homes usually sell low due to the mandatory club membership. 17887 Stonebridge Court did better than usual at $330K with 4 bedrooms and 3 baths in 3100 square feet.
In Part Two of reviewing sales in May, we look at houses that sold for less than $800K. This is for homes west of the Turnpike (as far north as Atlantic) with over 2000 square feet of living space. Most of these transactions were west of US-441 and south of Clint Moore.
Boca Falls: $473K to $721K
21351 Falls Ridge Way in The Estates sold for $721,000 after four months on the market. The large home has 7 bedrooms, 4 full and 2 half baths in nearly 4600 square feet, and 4 garage spaces. It’s on a corner lot with no lake view. At $158 per square foot it looks like a bargain though the house could use some updating in the bathrooms.
Also in The Estates, 21278 Falls Ridge Way sold for $590K after just 4 days on the market. The 5 bed, 3 bath house has just under 3200 square feet of living space on one floor.
The low end for Boca Falls was $473K for 12336 Antille Drive in the Cascades subdivision. The 4 bedroom, 3 bath house has nearly 2800 square feet on two floors, with no waterfront and no pool.
Others in Boca Falls include:
10885 Bal Harbor Drive in Boca Isles South sold for just under $700,000. The 5 bedroom, 4 bath home in 3300 square feet has many upgrades including a circular driveway, gorgeous pool deck and high end kitchen.
19916 Dinner Key Drive sold for $360K with 4 beds and 2 baths in 2300 square feet. The smaller home needs updating and the lot backs up to the road noise from Cain Blvd.
Others in Boca Isles:
Boca Chase: $350K – $410K
18348 Coral Chase Drive sold for $410K with 4 bedrooms and 2 1/2 baths in 2700 square feet, including a large second floor balcony overlooking the backyard pool and lake view.
Boca Winds: $400K – $510K
12737 Tulipwood Circle sold for $510K. The house has 5 bedrooms and 2 1/2 baths in 2900 square feet, including a lake view, small backyard pool, and recent updates to the kitchen and bathrooms.
All five Boca Winds homes in this report have water views.
$495K – 22313 Vista Lago Drive, 4 bed, 3 bath, 2700 sq.ft.
Loggers’ Run: $355K – $750K
21406 Sweetwater Lane sold for $750K. The renovated 29 year old home has 5 bedrooms, and 4 baths in 4450 square feet, mostly on one floor on a 3/4 acre lot. There is a 550 square foot bonus room on the second floor.
Saturnia: $505K – $800K
In Part One we mentioned one Saturnia home that sold for a bargain $800K with 4700 square feet. An even bigger bargain was 11845 Bayfield Drive at $690K with 5 beds, 4 1/2 baths also in 4700 sq.ft. While the listing does not indicate short sale or REO, we do think it was some form of distressed sale.
In the $400K range, 22329 Rushmore Place sold for $485K in Lexington Estates, with 4 bedrooms and 3 baths in 3000 squre feet. At the same $485K, 22486 Martella Avenue in Boca Rio has 4 beds, 3 baths and 2400 sq.ft.
In Timbers of Boca, 21131 White Oak Ave sold for $434K with 4 beds and 3 baths in 2100 sq.ft.
Moving into the $300K range, two homes sold in Escondido. At $399K, 8769 Escondido Way has 3 beds and 2 baths in 2100 sq.ft., and 21150 Escondido Way with an extra half bath sold for $370K.
In Stonebridge, 10562 Harich Lane sold for $352K with 3 beds, 3 baths and 3100 square feet. Three other homes sold in Stonebridge between $260K and $290K.
Two homes sold in Boca Woods. 11037 Clover Leaf Circle sold for just $185K with 3 beds and 2 baths in 2000 sq.ft. 11116 Boca Woods Lane sold for $250K with 3 beds, 3 baths, and 2700 sq.ft.
We reviewed over 80 single family home sales (west of the Turnpike up to Atlantic in Delray) from May 1 into early June, restricted to homes with 3 or more bedrooms and at least 2000 square feet of living space. This is Part One of that review, covering homes selling over $800,000. All these homes were in zip codes 33498, 33496, and 33446, mostly in The Bridges, Seven Bridges, and The Oaks. Click here for Part Two.
At the high end was 16031 Quiet Vista Circle in Stone Creek Ranch, on the west side of Lyons just north of Seven Bridges. The nearly 14,000 square foot house with 10 bedrooms and 10 1/2 baths sold for $6.4 million. The seller was billionaire Steven A. Cohen. The buyers are Cynthia Williams and her husband Ronald “Ron” Williams, former CEO of Aetna, with an estimated net worth close to $200M.
There was one other transaction for over $2M. 8700 Surrey Lane in Horseshoe Acres (north of Clint Moore, east of Lyons) sold for just over $2.8M with only 5 bedrooms and 5 1/2 baths in 6000 square feet.
Nine other homes sold for $1M or more, in The Bridges, Seven Bridges, The Oaks, and Long Lake Estates. Most of these sold for between $215 and $250 per square foot, with two in The Bridges going for closer to $300 per square foot.
The smallest of these was 8510 Hawks Gully Avenue, with 3 bedrooms and 3 1/2 baths in 3350 square feet. It sold for $1.1M ($328/sq.ft.) in just 17 days on the market. The house is on a corner lot with no waterfront and has significant upgrades including a gorgeous pool, but it still seems like a hefty price for what the buyer got. The house was previously purchased for less than $1M in 2015.
The best bargain of the million dollar homes was probably 8646 Lewis River Road, a 5200 sq.ft. 5 bedroom with a partial lake view which sold for just over $1.1M, or $216/sq.ft.
Others sold include:
$1.43M: 18529 Long Lake Drive, Long Lake Estates, 6 bedrooms, 4 1/2 baths, 5800 sq.ft.
$1.35M: 16844 Strasbourg Lane, Seven Bridges, 5 bedrooms, 6 full and two 1/2 baths, 5500 sq.ft.
$1.02M: 9488 Eden Roc Ct, Seven Bridges, 5 beds, 6 baths, 4700 sq.ft. (new home)
$800K – $1M
Six homes sold for prices between $800,000 and $1,000,000, including three in The Oaks, one in Mizner Country Club, one in Saturnia, and one in Rio Poco.
16135 Rio Baile in Rio Poco (west side of 441 across from Saturnia Isles) sold for $995K. The house has 6 bedrooms and 5 1/2 baths in 4200 square feet on a one-acre lot.
What would seem to be one of the biggest bargains was 17891 Monte Vista Drive in The Oaks. Selling for $880K, the house has 7 bedrooms, 6 full and 2 half baths in 5500 square feet. Those familiar with The Oaks will guess correctly that the house has a Chinese drywall history. Purchased in 2007 for $1.3M, it was foreclosed in 2013 and then sold to an investor for $751K. Considering the cost of capital and other expenses, the investor probably lost money on this deal.
Others selling at $800K or more include:
$860K: 17978 Lake Azure Way, The Oaks, 4 beds, 5 1/2 baths, 4300 sq.ft.
$832K: 17689 Lake Azure Way, The Oaks, 3 beds, 3 full and 2 1/2 baths, 3400 sq.ft.
$800K: 16367 Braeburn Ridge Trail, Mizner Country Club, 4 beds, 3 1/2 baths, 3550 sq.ft.
$800K: 11742 Watercrest Lane, Saturnia, 6 beds, 4 1/2 baths, 4700 sq.ft.
It’s an interesting question comparing older and newer homes and that’s illustrated by two of the above transactions. In Saturnia, 11742 Watercrest Lane was built in 1999 and seems a relative bargain at $800K for a two-story home with 4700 square feet. While it could use updating in a few places the house has some very nice features including a gorgeous kitchen, a downstairs master bedroom suite and a swimming pool. By comparison in Seven Bridges, 9488 Eden Roc Court sold brand new for just over $1.02M, also with 4700 square feet. The Seven Bridges buyer paid an extra $224,000 for a house that is narrower on a smaller lot with no pool, and the master bedroom is on the second floor. Seven Bridges also has substantially higher HOA fees at close to $500/month vs. $320/month in Saturnia.
Which house do you think is a better deal?
Coming in Part Two – Homes from $185K to $750K.
Houses in Saturnia sold for as little as $493,000 and as much as $800,000 in the first part of 2017. Saturnia is a gated community at the west end of Yamato Road, near Eagles Landing Middle School, Sunrise Park Elementary, and South County Regional Park.
There have been 15 transactions so far this year so we’ll just focus on the highlights.
Only one house sold for less than $500K – 19107 Skyridge Circle. The two-story has 4 bedrooms and 4 baths in 2800 square feet. It was on the market for over 8 months. We’re not sure why it didn’t sell quicker for more. It has a great lot and significant upgrades. A few factors may have played a role – an out-of-county Realtor, poor quality photos, and the pool deck looked dirty in the photos so maybe it just didn’t present well.
11560 Big Sky Court sold for $510K with 5 bedrooms and 3 baths in 2900 square feet. It has no waterfront and no pool, and the kitchen and bathrooms look a bit dated.
19115 Two River Lane also sold for $510K despite being a much larger home, with 5 beds, 3 baths and 3600 square feet. This one took over 5 months. The lot has a little waterfront but isn’t the best location, and the home may have needed some updating and other TLC.
In a stark difference, the house next door sold for $635K despite having no waterfront. 19107 Two River Lane has 5 beds and 4 baths in just over 4000 square feet. From the photos the house had some upgrades but the bathrooms looked dated.
At the high end, 11742 Watercrest Lane sold for $800K even. This large home has 6 bedrooms and 4 1/2 baths in over 4700 square feet on a great lot.
Two other large homes sold for close to $750K. 19101 Stream Side Court sold for $748,000 with 5 beds and 4 baths in 4200 square feet, with a luxurious interior and gorgeous lake views from the backyard and the second floor balcony. Meanwhile 19229 Natures View Court sold for $745K with 5 bedrooms and 4 1/2 baths in nearly 4700 square feet. Thinking about buying or selling a house in West Boca?
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All three of these look like bargains compared to some of the more expensive neighborhoods east of 441, coming in between $160 and $180 per square foot.
Other houses sold since the beginning of 2017 include:
Looking at first quarter transactions in The Bridges (Lyons Road north of Clint Moore), we are seeing home sales struggle at best. Nearly new homes sold for little increase and in some cases at a substantial loss. Meanwhile the builder sold three homes at relatively low prices, undercutting existing homes.
Our data show 11 transactions in The Bridges in the first three months of the year. At the low end, 16903 Bridge Crossing Circle sold for just under $640K, barely over the original purchase price of $639K in August of 2014. The house has 3 bedrooms and 3 baths in 2600 square feet of space, one of the smallest homes in the neighborhood. It took 8 months to sell.
8159 Hutchinson Court sold at a loss, $714K down from $750K in 2015. The house has 4 bedrooms and 4 baths in 3500 sqft. This one took over a year to sell.
Some homes did show price increases. 8190 Banpo Bridge Way sold for $955K, up from $850K in 2015, though the house was marketed as “loaded with costly upgrades”. It has 4 bedrooms and 5 baths in 3800 sqft.
16659 Ambassador Bridge Road went up to $976K from $849K in 2014. The house has 4 bedrooms and 5 baths in 3900 square feet
Three homes next to each other on Lewis River Road were sold by the builder. 8526 Lewis River Road sold for $899K with 4 bedrooms, 4.1 baths in 4200 sqft.
8520 Lewis River Road sold for $988K with 5200 square feet. And 8532 Lewis River Road sold for only $899K at roughly the same size – that’s only $173 per square foot and seems well below market value.
These may have been the among the last new homes sold. The satellite image shows two of them (8520 and 8526) as a parking lot, and perhaps 8532 was a model home.
Only one home sold for over $1M. 8776 Sydney Harbor Circle sold for $1.135M. The house has 5 bedrooms and 7 1/2 baths in 5300 square feet. The lot doesn’t appear to have anything special about it. The buyer is the CFO of a “small cap” publicly traded technology company and may have paid for substantial upgrades.
With new large homes in The Bridges selling this low, we expect continued pressure on home prices in the low seven figures in nearby neighborhoods like The Oaks and that may filter down to neighborhoods with homes in the high six figures like Saturnia.
Home prices in Saturnia were flat in 2016 when compared to 2015. After removing foreclosure-related transactions the average price was $636,000, slightly below the 2015 and 2014 averages of $638K for each year.
On the bright side prices were up four percent on a dollars per square foot basis, rising from $180/sq.ft. to $188/sq.ft.
In 2015 the smallest transaction was at $500K. That slipped in 2016 with three houses going for less, and the cheapest all the way down to $455K. 2015 was an unusual year with more transactions (30) and a tighter price range ($500K to $790K). In 2016 there were 23 transactions with a broader range, and 2014 was even wider with one house going for over $1M.
Saturnia is a gated community at the far west end of Yamato Road. It is across the street from highly rated Eagles Landing Middle School and Sunrise Park Elementary, and it is zoned for Olympic Heights High. The west side of the neighborhood borders the Loxahatchee Wildlife Refuge and the land to the north is unlikely to ever be developed. South County Regional Park is to the east. Most houses range in size from 4 bedrooms in 2600+ square feet up to 5 or 6 bedrooms with some over 4000 square feet.
Homes in the 33498 zip code are located north of Glades Road and west of 441. Neighborhoods include Saturnia, Boca Isles, Island Lakes, Stonebridge, Shores, Boca Greens and the northern part of Mission Bay. The schools have an excellent reputation and the area has one of the lowest crime rates in Palm Beach County. Most homes are close to South County Regional park.
The Saturnia neighborhood is wonderful for families and offers a 24 hour guarded gate, clubhouse, pool and spa. It also has basketball, tennis courts, and a fitness center. Students attend the highly regarded Eagles Landing Middle School and Olympic Heights High School, though some go to other area schools. As we recently reported home prices in Saturnia have been going up.
The beautiful one story home at 19188 Natures View Court sold for $770,000. It has 5 bedrooms and 4 full bathrooms in 3681 sq. feet of living space. This home sits on a 1/3 acre cul de sac lot with a great lake view. The gourmet kitchen has wood cabinets, granite counter tops and stainless steel appliances. The master suite has a sitting area, 2 walk in closets and a marble master bath with jetted tub. The backyard has a screened in porch with heated pool and tub. Other special features include accordion hurricane shutters and marble floors. Built in 2000, it was last sold in 2000 for $625,466.
The ranch home at 19228 Skyridge Circle sold for $532,500. It has 3 bedrooms and 2.2 bathrooms in 2819 sq. feet of living space. Located on the lake, this home has tile throughout and lots of upgrades. The large kitchen has granite counter tops and a center island. There is lots of natural light and high ceilings. The outdoor space features a screened in patio and pool with fountains. Built in 1999 for $327,900, it was last sold in 2011 for $525,000.
There are two Boca Isles neighborhoods, west of Cain Blvd and south of Yamato Rd. Boca Isles North and Boca Isles South, are gated communities with bike and jogging paths and they’re popular with families. Home prices in Boca Isles have been flat at best recently.
The Mediterranean style home at 10677 Maple Chase Drive sold for $555,000. It has 4 bedrooms and 3 full bathrooms in 2660 sq. feet of living space. The home sits on an oversized lakefront lot and boasts a new custom heated screened in pool. There are lots of upgrades including a new roof in 2009, carpet and accordion shutters. There is engineered wood flooring throughout. The gourmet kitchen has granite counters, hi gloss cabinets and top of the line appliances. Built in 1993, it was purchased for $465,000 in 2014.
The Grand Cayman one story home at 20100 Palm Island Drive sold for $515,000. It has 5 bedrooms and 3 full bathrooms in 2805 sq. feet of living space. Large, open and spacious, it has high ceilings and custom front doors. The oversized kitchen opens to the large family room. The floors and bathrooms have all been updated. The backyard features a solar heated diamond bright pool with a waterfall. Built in 1994 for $254,000, it sold for $419,000 in 2009.
The Mission Bay development consists of over twelve hundred homes within 10 “villages.” Certain villages have their own sub-associations. The community is west of 441 and covers 500 acres on both sides of Glades Road. The land includes the Evert Tennis Academy and Boca Prep International School and is near commercial plazas including Sports Authority and Mission Bay Plaza. There are swimming pools, tennis leagues, social events and more. HOA fees vary.
The ranch home at 10751 Avenida Santa Ana sold for $535,750. It has 3 bedrooms and 3 full bathrooms in 2860 sq. feet of living space. This newly renovated home on a cul de sac has a large lake view. The new kitchen has stainless steel appliances, granite counter tops and cabinets with self-closing drawers. The bathrooms have also been recently upgraded. A screened in patio and pool overlook the lake. Built in 1991, it has changed hands a few times; it was sold in 2015 for $510,000.
The contemporary home at 20396 Hacienda Court sold for $515,000. It has 4 bedrooms and 2.1 bathrooms in 2514 sq. feet of living space. The open floor plan has lots of light and split bedrooms. The large kitchen has a peninsula open to the family room and sit in eating area. French doors lead to the backyard. Located on an oversized lot, the outdoor entertaining has a screened in patio with a pool and hot tub. Built in 1994, it was purchased for $425,000 in 2013.
There are currently 20 homes on the market in Saturnia, ranging in price from $539K to $949K. We were invited to a “twilight open house” event. All three we saw are still on the market.
At the high end is 19551 Saturnia Lakes Drive. It’s a large and gorgeous house, combining great curb appeal (we had low light so our picture does not do it justice) with a spectacular backyard and also great interior elements. The driveway and back patio are substantial upgrades and there are marble floors inside. Over $100K of Swarovski crystal chandeliers are included. The house has five bedrooms and four and a half baths.
This house has been on the market for over a year. In its previous listing it started at $1.1 million, or nearly $240 per square foot. The list price has been dropped a few times and it is now available for $949,000, or just under $200/sq.ft.
On the one hand it’s pricey for the neighborhood. Saturnia home sales averaged $187/sq.ft. in the first half of the year. On the other hand, four other homes in the community sold for over $200/sq.ft. and the price is a big bargain when compared to similar homes in The Oaks and The Bridges. The Oaks averaged $215/sq.ft. in transactions during the first half of the year.
11725 Watercrest Lane is a similar model listed for $849,000. It doesn’t have all the upgrades but is still in very nice condition and is configured with six bedrooms.
At $181/sq.ft., it is listed at less than the recent average transaction price for Saturnia. It was originally listed for $939.5K and has been on the market for over 7 months. At the current price it arguably makes a bigger bargain but the first one is a better deal if you like those upgrades.
Toward the low end of prices in Saturnia, 19047 Skyridge Circle is a 5-bedroom 3-bath house listed for $565K. At just over 3000 square feet, it felt noticeably smaller than similar houses we are familiar with in other communities. The backyard view is out to a canal and land that is unlikely to ever be developed – owned by the water management district.
It has been on the market for just over 4 months and is priced right at the community average of $187/sq.ft.