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Tallahassee, FL Real Estate News

By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Renovated Cul-de-Sac Home with Exceptional Outdoor Living 2408 Ionic Court, Tallahassee, FL 32303 $300,000 4 Bedrooms 3 Bathrooms 1,748 Sq Ft Cul-de-Sac Location Modern Updates, Flexible Space & a Private Outdoor Retreat Set on a peaceful cul-de-sac, 2408 Ionic Court brings together an extensively refreshed interior and outdoor spaces designed to be enjoyed. Offered at $300,000, this Tallahassee home provides 4 bedrooms, 3 bathrooms, and approximately 1,748 square feet of versatile living space. Recent improvements include fresh interior and exterior paint, updated plumbing and lighting fixtures, newer windows, multiple flooring finishes, two new water heaters, and additional updates completed between 2024 and 2026. Outside, a spacious wraparound deck and screened patio overlook the pr...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
On August 20, the national average rate on a 30-year mortgage stood at 6.65%. Nothing about that week looked unusual to a Tallahassee buyer. The next week the rate ticked up. Then it ticked up again.It kept going for seven straight weeks.By October 8 the average stood at 7.40%, its highest since November 2023. The climb also sped up near the end. The four weeks through September 17 added 0.30 of a point, and the three weeks after that added 0.45.In the middle of the climb, on September 16, the Federal Reserve raised its benchmark rate, the rate banks charge each other on overnight loans, by a quarter point. It was the Fed's first increase since 2023. The Fed does not set mortgage rates directly, but its moves shape what the investors who buy mortgages expect.The climb actually began in ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Modern Brookside Village Home with a Thoughtfully Designed Floor Plan 5700 Village Ridge Lane, Tallahassee, FL 32312 $514,900 3 Bedrooms 2.5 Bathrooms 1,876 Sq Ft 2021 Built Modern Comfort with Smart Details in All the Right Places Welcome to 5700 Village Ridge Lane, a beautifully designed home built in 2021 by Premier Fine Homes in Tallahassee's small Brookside Village community. Offered at $514,900, the home features 3 bedrooms, 2.5 bathrooms, and 1,876 square feet with a layout designed to make everyday living more comfortable and organized. From the open main living area and hardwood floors to the oversized primary suite, walk-in pantry, mud room, and direct laundry access from the primary closet, this home incorporates practical features without sacrificing style. Property Highlig...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Ask a Tallahassee buyer how mortgage rates feel this fall, and you will hear one word: high. The 30-year rate climbed seven weeks in a row and reached 7.40% on October 8. That feels like a shock to anyone who remembers borrowing at 3%.Memory makes a poor yardstick, though. Freddie Mac has recorded the 30-year rate every month since April 1971, 667 months in all, so there is a better one.Across those 667 months, the average rate is 7.68%. Today's 7.40% sits a little below it. Rates peaked near 18% in 1981 and fell below 3% in 2020 and 2021, so extreme months pull the average around.Leave out the highest and lowest tenth of months, and the typical rate is 7.36%. Today's rate sits right on top of it.Most buyers measure today against the pandemic years, when rates stayed under 3.7%. Those y...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Tallahassee is not a coastal city, and most buyers here never think about flood insurance. The FEMA map agrees with them most of the time.About 4 of every 100 homes in Leon County sit in a FEMA Special Flood Hazard Area, based on FEMA's current flood map for Leon County. The share runs from 7.6% in 32305 to 1.8% in 32308, so even the highest ZIP code has fewer than one home in ten inside the zone.Being outside the zone is not the same as being safe. Tallahassee flood risk comes from creeks, low ground and heavy rain, and a standard homeowners policy does not cover flood. Protecting the house takes a separate flood policy or, from some insurers, a flood endorsement.Homes inside the zone carry at least a 1% chance of flooding each year. That is not a flood once a century. It is the same c...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Renovated & Move-In Ready Near Tyndall AFB 4936 S Lakewood Drive, Panama City, FL 32404 $299,000 3 Bedrooms 2 Bathrooms 1,574 Sq Ft 0.28 Acre Lot Updated, Practical & Ready for Its Next Owner 4936 S Lakewood Drive offers an appealing combination of recent updates, solid construction, and everyday functionality in an established Parker neighborhood. Priced at $299,000, this renovated home features 3 bedrooms, 2 bathrooms, and 1,574 square feet on a spacious 0.28-acre lot. Concrete-block construction provides a solid foundation for this move-in-ready property, while improvements including a 2019 roof, newer windows, like-new appliances, and fresh interior finishes give the home an updated feel without sacrificing practicality. Property Highlights 3 bedrooms and 2 full bathrooms 1,574 squ...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
The plumbing in a house hides inside the walls, and insurers care about it more than most buyers expect. A home's age will not tell you what pipe it has. It will tell you what to ask.About 36 of every 100 Leon County homes date from 1978 through 1995, the years factories made polybutylene pipe. Another 30 of every 100 are older than 1978, from the years when galvanized supply lines and cast iron drains were common.Polybutylene is one of the strongest plumbing red flags for insurers. It can narrow your choice of companies and lead to a repipe requirement, even with no visible leak. Galvanized supply pipe corrodes from the inside, and insurers judge cast iron drains on their condition.Florida has no statewide list of banned pipes. Each insurer decides, which is why you need an answer from...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Private 4-Bedroom Home on Over 2 Acres 5049 Stanwood Court, Tallahassee, FL 32311 $365,000 4 Bedrooms 2 Bathrooms 1,798 Sq Ft 2+ Acres Space, Privacy, and Move-In-Ready Confidence Discover the perfect blend of peaceful country living and city convenience at 5049 Stanwood Court. This beautifully improved 4-bedroom, 2-bathroom home offers 1,798 square feet of thoughtfully designed living space on more than two private acres, just minutes from Southwood and downtown Tallahassee. After the previous buyer stepped away following inspections, the seller completed repairs to prepare the home for a smooth closing. To make the opportunity even more attractive, the seller is offering a $3,500 concession toward new appliances. Property Highlights 4 bedrooms and 2 full bathrooms 1,798 square feet o...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Killearn Estates Pool Home with Golf Course Views 4019 Kilmartin Drive, Tallahassee, FL 32309 $425,000 3 Bedrooms 2 Bathrooms 2,132 Sq Ft 16x32 Pool Golf Course Views in Front, a Private Pool Out Back 4019 Kilmartin Drive brings together two standout features in one Killearn Estates property: views of Killearn Club's renovated Clover Course Hole 2 from the front and a private backyard pool just steps from the owner's suite. Priced at $425,000, this move-in-ready home offers 3 bedrooms, 2 bathrooms, and 2,132 square feet of comfortable living space. From the rocking-chair front porch to the landscaped pool area, this home was designed with multiple places to relax and entertain. Inside, a traditional floor plan provides clearly defined spaces while still offering the flexibility today's...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
One date on a Tallahassee house can matter more to its insurance quote than its kitchen or its paint color. Most buyers never look for it.The date is March 1, 2002, when Florida's first statewide building code took effect. A home built after that date starts with the code on its side. An older home has to prove its wind features one at a time.About three of every four Leon County houses, townhouses and condominiums were built before 2002. In most ZIP codes the share is closer to eight in ten, from 84.1% in 32309 down to 45.8% in 32311, where more of the housing is newer.For those homes, the wind mitigation inspection decides how much credit the house earns. The state's form, OIR-B1-1802, records the roof covering, how the roof deck is nailed down, how the roof is tied to the walls, roof...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Inviting Osceola Park Home at the End of a Quiet Cul-de-Sac 2145 Kennedy Lane, Quincy, FL 32351 $185,000 3 Bedrooms 2 Bathrooms 1,192 Sq Ft 2021 Roof & HVAC Easy Living with a Smart, Split-Bedroom Floor Plan Welcome to 2145 Kennedy Lane, a charming 3-bedroom, 2-bathroom home offering 1,192 square feet in Quincy's Osceola Park community. Priced at $185,000, the home sits on a level lot at the end of a quiet cul-de-sac and combines an efficient layout with several important updates. The split-bedroom floor plan creates privacy between the primary suite and secondary bedrooms, while the central great room brings the kitchen, dining, and living areas together into one bright, open gathering space. Property Highlights 3 bedrooms and 2 full bathrooms 1,192 square feet of living space Located...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Move-In Ready Tallahassee Home for Sale 2003 Scenic Road, Tallahassee, FL 32303 $270,000 4 Beds 2 Baths 1,807 Sq Ft Updated Interior Beautiful Updates Inside and Out Welcome to 2003 Scenic Road in Tallahassee, Florida, a move-in-ready home offering 4 bedrooms, 2 bathrooms, and 1,807 square feet of comfortable living space. Priced at $270,000, this property has been thoughtfully updated to provide style, comfort, and everyday functionality. Recent improvements include beautifully refinished hardwood floors, fresh interior and exterior paint, updated lighting, new flooring in the kitchen and bathrooms, and professionally completed landscaping that enhances the home's curb appeal from the moment you arrive. Property Highlights 4 bedrooms and 2 bathrooms 1,807 square feet of living space B...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Ask a new Florida homeowner about their hurricane deductible, and many will give you a small number. Five percent sounds small.It is five percent of a bigger number than most people expect. A hurricane deductible is a percentage of your dwelling coverage, known as Coverage A, not a percentage of the claim and not a percentage of what you paid for the house. Coverage A is based on the estimated cost to rebuild.On $600,000 of Coverage A, a 5% deductible is $30,000. If a storm does $600,000 of damage, your check is $570,000. If it does $50,000 of damage, your check is $20,000.Florida law, section 627.701, requires insurers to offer hurricane deductibles of $500, 2%, 5% and 10% of the dwelling limit, with some exceptions tied to the size of the limit. The deductible runs on the calendar yea...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Midtown Tallahassee Home for Sale 208 N Dellview Drive, Tallahassee, FL 32303 Contact for Current Price 3 Bedrooms 2 Bathrooms Bonus Recreation Room Midtown Location Classic Charm in the Heart of Midtown Tucked away on a quiet street in one of Tallahassee's most sought-after neighborhoods, 208 N Dellview Drive combines timeless character with flexible living space. This inviting 3-bedroom, 2-bathroom home is filled with natural light and offers the warmth and personality that make established Midtown homes so desirable. Beautiful original hardwood floors flow through the main living area, while oversized windows brighten the home with abundant sunlight. The lower level expands the possibilities with a spacious recreation room, an additional full bathroom, and an attached one-car garage...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
All-Brick Chemonie Crossing Home on 2+ Private Acres 9531 Starhawk Drive, Tallahassee, FL 32309 $635,000 4 Bedrooms 3 Bathrooms 2,565 Sq Ft 2+ Acres Private Property Acreage, Upgrades & Flexible Living in Chemonie Crossing Set on more than two private acres in Chemonie Crossing, 9531 Starhawk Drive delivers an impressive combination of space, character, and major recent improvements. Priced at $635,000, this all-brick Tallahassee home offers 4 bedrooms, 3 bathrooms, and 2,565 square feet with a flexible layout that works equally well for everyday living and entertaining. A brand-new 2025 roof and 2024 HVAC are already in place, while 9-foot-plus ceilings, detailed millwork, real hardwood flooring, and spacious living areas give the home a distinctive sense of quality and character. Pro...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Most Tallahassee buyers spend weeks on the mortgage rate and about ten minutes on the insurance quote. That habit made sense once. It does not anymore.With a fixed-rate loan, principal and interest never change. Property taxes and insurance can, and since 2008 insurance has climbed fast.In 2008 the average Florida homeowners premium was $1,390. By 2022 it was $2,677. That is close to a doubling in fourteen years, and the climb was not steady. Premiums held nearly flat from 2012 through 2019, then rose fastest of all from 2020 through 2022.The dashed line starts from our 2026 estimate of about $2,968 and asks one question: what if premiums climb at the pace they set from 2008 to 2022? At that pace, the average would reach $5,716 by 2040. That assumes the past repeats. It is not a forecas...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Renovated Buck Lake Home with Major Updates Already Complete 1430 Blockford Court, Tallahassee, FL 32317 $355,000 3 Bedrooms 2 Bathrooms 1,736 Sq Ft 2024 Roof Move-In Ready in Buck Lake 1430 Blockford Court combines a beautifully renovated interior with several major improvements already completed. Offered at $355,000, this Tallahassee home features 3 bedrooms, 2 bathrooms, and 1,736 square feet on a large, shaded lot in the Buck Lake area. The big-ticket updates include a 2024 roof, 2023 windows, and 2021 HVAC. Inside, an open split-bedroom floor plan, soaring cathedral ceiling, renovated kitchen, wood-burning fireplace, and updated owner's suite create a home that's ready to enjoy from day one. Property Highlights 3 bedrooms and 2 full bathrooms 1,736 square feet of living space Larg...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Most people picture a cash buyer at the top of the market. The records say the opposite.Split every Leon County sale into four equal price groups and the pattern is hard to miss. Cash buyers take 45.6% of the least costly quarter and 26.7% of the most costly. Nearly half the homes at the entry level change hands without a lender.Splitting each year's sales into four groups tests this directly, and the groups move with the market rather than sitting at fixed dollar amounts.Now compare it with the earlier era, because that is where the shift shows.From 1991 through 2007 the four groups ran 23.8%, 11.0%, 11.3% and 13.4%. Every one of them has roughly doubled since. This was not a change at one end of the market. It happened everywhere.But the entry level started highest and stayed highest,...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Classic Wellswood Character with Modern-Day Functionality 2918 Pound Drive, Tallahassee, FL 32312 $315,000 3 Bedrooms 2 Bathrooms 1,724 Sq Ft 0.40 Acre Corner Lot A Home Where 1950s Character Meets Thoughtful Updates Set on a spacious 0.40-acre corner lot in Tallahassee's established Wellswood neighborhood, 2918 Pound Drive brings together the character of a 1955-built home and the functionality buyers expect today. Priced at $315,000, the home offers 3 bedrooms, 2 full bathrooms, and 1,724 square feet of living space. Original details give the interior its personality, with hardwood floors, exposed beams, and abundant natural light creating a warm and distinctive atmosphere. A dedicated office, oversized laundry room, and multiple outdoor living areas add practical spaces beyond the h...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Team at Xcellence Realty)
Between 1991 and 2005, the loans built for buyers with modest savings nearly disappeared from Leon County.FHA and VA ask the least money down of any common program, so their share is a fair read on whether ordinary buyers can still compete. In 1991 they carried nearly 45% of every financed purchase here. By 2005 they were under 7%.Then, in five years, they went to almost 50%.That is a sharper swing than anything cash buyers did over the same stretch, and buyers did not cause it by changing their minds.FHA and VA were undercut by products that asked even less at closing. Conventional lending took more than 90% of financed purchases in 2005, adjustable rates reached a third, and piggyback seconds a quarter. A piggyback let a buyer in with nothing down and no mortgage insurance premium, an...
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