August 1, 2014

Luxury Home Values

Which Costs More?

To get some perspective on Florida home prices, we've compared properties for sale in Florida to similar homes in similar cities elsewhere in the country. Care to guess which ones are more expensive?

Florida Staff | 9/1/2005
Miami vs. Manhattan
Miami
Location: Villa Regina, Brickell

Bedrooms/Baths: 4/4.5

Square Feet: 4,130

Age: 23

This penthouse in the waterfront Villa Regina building has four terraces and "heart-stopping views," says Coldwell Banker agent William Meyersohn. The renovated unit has marble floors, some carpeting and a dry bar. The building has a pool, dock and common rooms. Four deeded garage spaces come with the condo.Manhattan
Location: 86th Street and Central Park West

Bedrooms/Baths: 4/3.5

Square Feet: 2,500

Age: 104

All the public rooms in this renovated and reconfigured co-op face Central Park. It has a custom eat-in kitchen with a Viking stove and Sub-Zero refrigerator/freezer. It also has a formal dining room and high ceilings.Miami: Listing price: $2,395,000; Monthly maintenance: $1,932; Property taxes: $19,646
Manhattan: Listing price: $4,495,000; Monthly maintenance: $3,057; Property taxes: Included in the monthly maintenance

Orlando vs. Phoenix
Orlando
Location: Winter Park

Bedrooms/Baths: 4/5

Square Feet: 4,299

Age: 1

The house, located in the new Winter Park community of Windsong, has a lake view and three sets of double doors that open into a formal living/dining room and match a second set of triple French doors that open onto the covered patio and private pool. Residents also have access to a private boat dock with resident pontoon boats, as well as two neighborhood swimming pools, a waterfront park and playgrounds.Phoenix
Location: Ahwatukee

Bedrooms/Baths: 4/4.5

Square Feet: 4,350

Age: 3

Native American for "house of my dreams," Ahwatukee is located just 15 minutes south of downtown Phoenix at the foot of South Mountain. This desert home has stone floors, granite countertops, a library with built-in bookcases, a patio with a built-in barbecue, outdoor fireplace and custom heated pool with a waterfall and attached spa. The market in Ahwatukee is considerably tighter than a year ago. David Kupfer, the home's listing agent, said there are 164 houses on the market this summer, compared with around 500 a year earlier.Orlando: Listing price: $1,749,000; Property taxes: $4,162 (assessed price includes land value only as the house was not yet finished)
Phoenix: Listing price: $1,299,000; Property taxes: $5,751

Coral Gables vs. Great Neck, N.Y.
Coral Gables
Location: Italian Village Historic District

Bedrooms/Baths: 4/3.5

Square Feet: 2,881

Age: 79

This Italian villa-style home is one of several historically designated as built by Gables founder George Merrick in what is known as the Italian Village Historic District. You can walk to the Shops of Merrick Park and Coral Gables Senior High. The lot is 50 feet by 150 feet.Great Neck
Location: Baker Hill

Bedrooms/Baths: 4/3

Square Feet: 2,500 (not counting a finished basement)

Age: 68

Homes in this neighborhood are owned by doctors, lawyers and financial executives. The house has a finished basement. The kitchen and baths have original woodwork and art deco tiles. (If these rooms were updated, the house would go for up to $1.2 million, says agent Diane Leyden of Coldwell Banker.) The house is across the street from a top elementary school and within walking distance of town and houses of worship.Coral Gables: Listing price: $1,250,000; Property taxes: $5,164
Great Neck: Listing price: $899,000; Property taxes: $11,600

Naples vs. Santa Barbara, Calif.
Naples
Location: Wedgewood/The Vineyards

Bedrooms/Baths: 4/3.5

Square Feet: 4,197

Age: 7

In Naples, homes like this one are hard to find. "The demand for four-bedroom homes of this caliber exceeds our supply," says Marie Harris of Team Harris, John R. Wood Inc. Realtors. "We have more buyers than homes available." The home is in a community called the Vineyards and features a lake view from the enclosed, screened-in swimming pool. The community also has a clubhouse, 36 holes of champion golf and other recreation facilities. The Cleveland Clinic and Crossroads Shopping Center are nearby.Santa Barbara
Location: Mission Canyon

Bedrooms/Baths: 4/4.5

Square Feet: 4,000

Age: 2

The three-story home is in an area known as Santa Barbara's Riviera in the foothills above the Santa Barbara Harbor. It has a curved copper roof, travertine tile floors, solid granite counters and offers views of the city or ocean.Naples: Listing price: $1,295,000; Property taxes: $7,810
Santa Barbara: Listing price: $1,549,000; Property taxes: $14,312

Tampa vs. Raleigh, N.C.
Tampa
Location: Whitehall, Tampa Palms

Bedrooms/Baths: 4/4

Square Feet: 4,010

Age: 4

Despite the large lots and ample conservation areas, residents say the gated neighborhood still has a hometown appeal. Block parties, for instance, are a frequent occurrence. This two-story home on a half-acre lot features an 800-sq.-ft. lanai with an outdoor fireplace, a built-in grill, a wet bar and a view of the private four-hole putting green the owner installed. The clubhouse is within walking distance and includes three pools and a fitness center.Raleigh, N.C.
Location: Cross Gate

Bedrooms/Baths: 4/3.5

Square Feet: 4,065

Age: 5

Cross Gate is a popular North Raleigh neighborhood. The all-brick home features maple floors with Brazilian cherry inlay, a two-story family room with custom bookcases and a gas log fireplace. The first-floor master suite has a fireplace and sitting room. A third-floor walk-up attic provides lots of storage space. The house also has a screened porch.Tampa: Listing price: $1.1 million; Property taxes: $12,400
Raleigh, N.C.: Listing price: $468,900; Property taxes: $3,172

Pensacola vs. Charleston, S.C.
Pensacola
Location: Harbour Pointe

Bedrooms/Baths: 4/3

Square Feet: 4,335

Age: 8

The gated-community home in southwest Pensacola overlooks Pensacola Bay. It sits on a half-acre lot and has a workshop, screened-in porch, deck, seawall and deep-water boat slip.Charleston
Location: Dunes West

Bedrooms/Baths: 4/3

Square Feet: 4,281

Age: 4

The gated community in Mount Pleasant is in an upper-middle class Charleston suburb. It overlooks Wagner Creek, which leads to the Wando River. It sits on nearly a full-acre lot and has a gazebo, deck and deep-water dock.Pensacola: Listing price: $1,998,500; Property taxes: $12,200
Charleston: Listing price: $1,249,000; Property taxes: $3,854

Fort Lauderdale vs. Atlanta
Fort Lauderdale
Location: Bermuda-Riviera

Bedrooms/Baths: 4/3.5

Square Feet: 3,400

Age: 3

Just north of the Galt Ocean Mile, Bermuda-Riviera is an enclave of 250 homes, some dating to the 1980s and being renovated and expanded. This one was built new on the site of a tear-down. The lot has 105 feet of frontage on a canal leading to the Intracoastal. It also has a pool, hot tub and tiki bar. The home has marble floors downstairs. The master suite occupies the entire second floor.Atlanta
Location: Sandy Springs (north Atlanta)

Bedrooms/Baths: 4/4 (3 full; 2 half baths)

Square Feet: 5,300

Age: 24

Sandy Springs is an area executives favor for its homes, trees and location within Atlanta's perimeter highway. This renovated home sits on 1.24 acres. The kitchen has granite countertops and a Sub-Zero freezer. There's a large, screened porch with a vaulted ceiling and a finished bottom floor with an exercise room.Fort Lauderdale: Listing price: $1,975,000; Property taxes: $26,000
Atlanta: Listing price: $975,000; Property taxes: $9,932

Jacksonville vs. Norfolk, Va.
Jacksonville
Location: Avondale

Bedrooms/Baths: 4/4.5

Square Feet: 4,358

Age: 93

This historic home is in one of Jacksonville's most popular neighborhoods. It has hardwood floors, granite countertops, marble baths, a renovated kitchen, fireplaces and a garden tub.Norfolk
Location: West Ghent

Bedrooms/Baths: 4/3

Square Feet: 2,800

Age: 77

The home, in one of the most sought-after neighborhoods in Norfolk, has hardwood floors, a renovated kitchen and fireplace.Jacksonville: Listing price: $750,000; Property taxes: $5,295
Norfolk, Va.: Listing price: $499,900; Property taxes: $3,221

Gainesville vs. Ann Arbor, Mich.
Gainesville
Location: Tioga

Bedrooms/Baths: 4/4 (with 2 additional half baths)

Square Feet: 4,075

Age: New

Tioga is a neo-traditional, pedestrian-friendly "new town" with architecturally diverse homes. This new home is on an oversized lot. The community has five-foot sidewalks, lighted tennis and basketball courts and a pool.Ann Arbor
Location: Matthaei Farm

Bedrooms/Baths: 4/3.5

Square Feet: 4,000

Age: 10

Matthaei Farm is a neo-traditional community about five miles north of Ann Arbor. As in Gainesville's Tioga, all Matthaei homes are executive-style and custom-built. The house is on an oversized lot in a "retreat-like" community with lots of ponds, including a swimming pond, and large trees.Gainesville: Listing price: $669,900; Property taxes: $11,000 (estimated)
Ann Arbor, Mich.: Listing price: $939,000; Property taxes: $8,793

Tags: Around Florida, Housing/Construction

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