These are the 3 most expensive homes sold in Columbia in 2022 so far. All are over $2M
Housing markets across the nation have seen average prices spike in recent months because of high demand, low inventory and rising inflation.
But $2 million for a luxury home in Columbia?
That’s a fairly stable price.
At least, so says Michel Moore, real estate agent with the Coldwell Banker Realty midtown office in Columbia. Moore recently had the three most expensive real estate closings in the Columbia market so far this year — all of which were more than $2 million. Unlike the rest of the market, luxury housing has remained fairly consistent and unswayed by the influences on average home sales and prices, she says.
“A lot of people are able to buy now versus renting, so that’s put some supply and demand on the market — but that’s not really the case on $1.5 million and above,” Moore said of the luxury market. “The prices on these (luxury) homes are stable.”
Moore said when it comes to luxury homes, wants and needs drives what is bought.
“The people buying these are being driven by building materials and location versus just a house plan,” Moore said. “It’s very much more about wants and needs.”
Moore added that these types of luxury homes tend to stay on the market longer than average houses, which helps with price stability.
A home in the $1.5 million range and above tend to stay on the market an average of 127 days, she said. According to the Central Carolina Realtors Association, the average home in the Midlands remained on the market for 91 days in March.
“These were originally custom-built or for the people who originally built or renovated them,” she said.
Besides being luxury homes in Columbia all custom designed by architects, the recently sold houses all offer amenities that most appeal to people since the COVID-19 pandemic.
“People are at home more … they want more home offices and at-home entertainment,” Moore said.
The three homes have more room for office work space, space for home gyms and all offer water features, such as being by a lake or having a swimming pool.
Below is a detailed list of the three most expensive homes sold in Columbia so far this year.
Heathwood Circle
Coming in a $2.6 million, this home at 4 Heathwood Circle was the most expensive of the three homes. The home, built in 1955, features five bedrooms, six full bathrooms and a swimming pool. It also features a slate roof, an outdoor fireplace and an outdoor dining space.
“This house has evolved into a house that provides a lot of ability to function outside,” Moore said. “When it was sold a number of years ago, it didn’t have these features.”
Lakeshore Drive
Sold for $2.1 million, the home at 6045 Lakeshore Drive’s biggest feature is that it is located by one of the only lakes in the area that allows motorized boats, Moore said. Most of the home’s rooms have been oriented to offer a lake view. Built in 1980, the house features four bedrooms and four bathrooms.
The house is also relatively private, providing plenty of space between it, the lake and the road.
“It was also remodeled 15 years, which seems like a long time ago, but when you look at when the house was built, it wasn’t that long ago,” Moore said.
Gregg Parkway
This home at 156 Gregg Parkway sold for $2.15 million. Built in 2001, the house includes five bedrooms, five bathrooms and two half-baths. It is also situated by a pond.
“This house is spectacular,” Moore said. “This home has a very Italian villa feeling with tall ceilings … it’s a good marriage of indoor living and outdoor … and it has a terrace.”
This story was originally published April 19, 2022 at 5:00 AM.
