Louisville Market Watch Residential

Most Expensive Homes in Louisville: 2017 Edition

It’s time to check in and see how the other half lives. This article is our yearly piece to see most expensive homes in Louisville that have sold so far in 2017. We’ll also see how this year compared to a previous couple of years. Let’s do this!

Photo of one of the Most Expensive Homes in Louisville.

It’s so much fun to see these incredible homes that are right here in Louisville.

Up Front Methodology

Here’s how it works. I run through our Greater Louisville Association of Realtors database and select all the properties that sold for $1,000,000 or more since January 1, 2017. Of course, this will include properties outside of Metro Louisville because our MLS covers far more land. This year I only had to remove one incorrectly labeled listing.

So, just how many million dollar homes did sell this year? That answer is a whopping 59! That’s amazing. If you’re curious about last year, head over can check out Most Expensive Louisville Homes in 2016.

It’s really been a big year here in Louisville and not just at the lower end of the market.

Most Expensive Homes in Louisville

For the 59 most expensive homes in Louisville, here’s how the stats breakdown.

2017 2016 2015
Average List Price $1,411,014 $1,469,340 $1,410,815
Average Sold Price $1,316,931 $1,325,809 $1,362,012
Average Above Grade Square Footage 4,874 5,138 5,468
Price Per Above Grade Finished $296.34 $282.70 $263.44
Average Cumulative Days on Market 134 154 269

 

Most data points dropped in 2017 with the exception of sold price per square foot. This is a number that continues to rise across the city for pretty much all homes, but especially new construction.

Louisville’s nicest homes also sold faster than ever before. Typically this is not the case but with lower housing inventory, homes will sell much fast.

Largest Land Parcel

The most expensive piece of land sold in Louisville this year is 5802 River Road that sold for $2.5 million in May. This 38-acre piece of land was previously part of a larger plot of land, that just happened to come with a 10,000 square foot mansion overlooking the Ohio River.  This home with its 10 acres is now currently on the market for $4.5 million.

Most Expensive Homes

And now, the main event. Let’s count down the five most expensive homes sold in Louisville, Kentucky so far in 2017. Drumroll, please…

#5 – 3611 Glenview Avenue

Photo of 3611 Glenview Ave

This English Cottage style home rests on 3 acres in prestigious Glenview.

This home is larger than it looks, boasting more than 6,000 finished square feet above grade. Local esteemed architect, Tim Winters, did the renovation on this classic home originally built in 1934. Surrounded by other luxury homes in Glenview, it’s not a huge surprise that it sold for $1.9 million in May.

#4 – 5716 Harrods Glen Drive

Photo of 5716 Harrods Glen Drive

Just four years old, this charming home in Harrod’s Glen is certainly impressive.

Herrod’s Glen is the (relatively) new home to some of Louisville’s most luxurious properties. Other than a single distressed home, every home in this neighborhood has sold for well over $1 million. The home above sold for $2,039,500 in February.

#3 – 214 Mockingbird Gardens Drive

Photo of 214 Mockingbird Gardens Dr

This one-time home of Rick Pitino boasts a double lot and a scenic backyard, complete with pool and pool house.

Mockingbird Gardens is a high-end neighborhood still very close to Downtown, expressways, and amenities. This traditionally styled home has almost 10,000 finished square feet and a number of upgraded features throughout. It’s most recent sale came in June when it sold for $2.1 million.

#2 – 9811 Covered Bridge Road

Photo of 9811 Covered Bridge Rd

This grand mansion rests on almost 10 acres in Oldham County.

Some grand homes greatly value their privacy, improved even more so with beautiful scenery. The second most expensive home sold this year can be found on Covered Bridge Road, and it certainly does this extremely well. Just shy of 10 acres, this large home has 8,307 sq.ft. of finely finished space. It sold for $2.15 million in September after being on the market for 636 days.

#1 – 411 Paddock Lane

Photo of 411 Paddock Ln

Owning this home means you get beautiful nature as far as your eye can see.

Cabin Chase Farm is located just north of Simpsonville. This property includes 154 acres in the heart of horse country. The cabin was originally built in the early 1800’s, then was improved greatly in 1990 and now includes 5 bedrooms, 5 full baths, and 6,581 finished square feet. While listed at $3.2 million, this property exchanged hands in January for the tidy sum of $2.5 million, making it the most expensive home sold in Louisville so far in 2017.

Hope you have enjoyed our 2017 most expensive homes in Louisville piece. Be sure to share this with your friends. And if you happen to be in the market, contact Louisville’s real estate expert.

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About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!