Today is the day of our annual jaunt through the most expensive Louisville homes in 2018. I began this pilgrimage in 2015 and have enjoyed the journey. If interested, check out the 2016 and 2017 editions. Seriously though, who doesn’t like looking at amazing homes?!
To begin, here’s our methodology.
- We’re only looking at homes that have sold since January 1, 2018.
- I’m only considering homes in the general Louisville, Kentucky area. We’re including the Jefferson, Oldham, Shelby, Spencer, and Bullitt counties. Our MLS covers more but I’m not including those.
- Lastly, we’re only looking at residential properties. No commercial. No straight land. Just awesome homes sold for big money.
Let’s get started!
Most Expensive Louisville Homes in 2018
So far this year our total of $1 million-plus homes that have exchanged hands is 60. That’s just one higher than last year. Here are the raw numbers for all of you stat geeks.
|Average List Price||$1,701,070||$1,411,014||$1,469,340||$1,410,815|
|Average Sold Price||$1,609,606||$1,316,931||$1,325,809||$1,362,012|
|Average Above Grade Square Footage||5,498||4,874||5,138||5,468|
|Sold Price Per Above Grade Finished||$331.76||$296.34||$282.70||$263.44|
|Average Cumulative Days on Market||182||134||154||269|
As you can see, those are some big numbers. The jump from last year is quite remarkable. Clearly, a hot market has helped the highest end of the market, just as it has with the lower priced tiers.
These more expensive homes did take longer to sell than in the past few years. Also, I would have expected a larger reduction from list price to sales price. The unique character of many of these homes must keep the seller in the driver’s seat.
Enough talk. Let’s look at the top five most expensive homes sold in Louisville, Kentucky in 2018.
#5 – 15 River Hill Road
Despite being in a well-established neighborhood, Indian Hills, this incredible home was built just 18 years ago. Almost than 12,000 square feet of finished space, this remarkable property also boasts a large 4-acre lot. This home was sold in March for $3 million. [LINK]
#4 – 7602 Harrods Ridge Drive
This 10-year-old home in Harrod’s Glen was sold in June for $3,095,000, putting it at #4 in our countdown. There’s only the single required image so I’m not going to include a link for this one. But given that it was only on the market for two days, I think it’s safe to say the parties involved knew the listing was upcoming. Here’s a little secret for my loyal readers: the new owner is a recent arrival to Louisville via Cincinnati. Anyone you know fit that description? Perhaps a celebrity of sorts?
#3 – 16200 Mahaffey Lane
Yes, there is a 7,000 square foot mansion on this land but it’s really that 299.5 acres in Jefferson County that brought the high sale price. There’s a lot of land still available in the southeast corner of the county. This gem is just one, albeit large, example. It will be interesting to see what the new owners plan for this parcel. This property sold for $3.3 million in February. [LINK]
#2 – 1401 Stone Lane
Built in 1815, this home is incredibly charming. Do you want to know something else it has that is incredible? 128 of green rolling acres, that’s what! Now, the original home wasn’t 7,000 square feet but that all changed in 2001 when the owners greatly expanded the estate. This home/land was sold in February for $3.45 million. [LINK]
#1 – 10507 W Highway 42
So far we’ve had: 3.8 acres, 0.9 acres, 300 acres, 128 acres and now this one. Are you ready? This property, also in Goshen, is 659 acres! Wow! This property sold for $6,935,460 in January making it the most expensive home sold in Louisville for 2018. Located out 42 past the St. Francis school, it’s a good bet this will soon be a new high-end housing development. What do you think? Would you like to live out in beautiful Oldham County? [LINK]