A large lot in the highly sought-after Lake Hall neighborhood – an example of steady demand in Tallahassee’s high-end real estate tier – has made history with its sale.
The 2.57-acre lot on Phipps Point Road went for $640,000, representing the highest price-per-acre for this size lot by almost 50% more than the previous record, said Tallahassee Realtor Bruce Foster, owner of the Big Bend Group at Keller Williams Town and Country, who represented the seller.
“The most recent comps goes back to 2021, I think it was, but it’s the most expensive lot per acre between 2 and 5 acres,” said Foster, adding the previous record was $177,000 per acre for a comparable lot…