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How Does a Pool Affect My Tallahassee Home Value?

3/16/2013

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Pool Homes.  How do swimming pools impact the value of a Tallahassee home?  Let’s break down the numbers on pool homes:

In Leon County in 2012, there were 267 pool homes sold.  This is about 16% of all homes sold.  Of 267 pool homes sold:


214 were located in northeast Tallahassee
4 were located in southwest Tallahassee
Median price was $231,100
Highest price was $1,075,000

Price range of pool homes:
14 were under $100,000
80 were $100,000 – 199,000
83 were $200,000 – 299,000
46 were $300,000 – 399,000

Let’s look at Ox Bottom, a Tallahassee neighborhood with many pool homes.  Of 44 sales in 2012, 14 were pool homes.  If we look at similar size 4 bedroom homes in Ox Bottom, we find the average sales price was $334,583 compared with a sales price of $302,430 for similar homes without a pool. 

So, how much does a pool add to a Tallahassee home value?  It depends on the neighborhood and type of pool.  For a northeast Tallahassee home, a typical pool will increase the value about $10,000 – 15,000.  Larger and more elaborate pools will obviously bring more home value.  Pools attached to homes that are older, smaller, and in less expensive neighborhoods will add less value.  

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