The luxury real estate market in Plaza Midwood is heating up in a major way. In the past year, homes listed over $1.5 million have sold at an average of 5% below the asking price, taking around 64 days to go under contract. However, a recent sale at 3126 Cramer Pond Drive is rewriting the playbook for luxury listings in the neighborhood.
Listed at $1.75 million, this stunning European farmhouse—built by the owner of Grandfather Homes and used as a personal residence—was marketed by Jeff King, Plaza Midwood’s top listing agent since 2010. Thanks to Jeff's expertise in luxury listings, the home attracted multiple offers, going under contract in just two days—a rare feat for this price range. The property closed on October 1st for an impressive $2,175,000, a remarkable $425,000 over asking. With a final sales price of $652 per square foot (well above the area’s 12-month average of $393 per square foot), this sale set a new benchmark for the neighborhood.
The home itself is a showstopper, featuring premium finishes throughout. Designed with no expense spared, it includes a heated saltwater pool, a covered terrace overlooking a perfectly landscaped backyard, and a wood-burning fireplace. The layout is equally impressive, offering functional spaces like a main-level office that doubles as a guest suite, and a bonus room above the portico, perfect for a playroom or gym.
This sale highlights a crucial factor in the success of luxury listings: it’s not just about the square footage, but how that space is thoughtfully designed and marketed. A well-planned layout, combined with style, functionality, and high-end upgrades, makes all the difference. It also underscores the importance of having a skilled realtor who can showcase a home in its best light—because every home deserves to be presented with care and precision.
Plaza Midwood’s unique mix of proximity to Uptown and its eclectic, cool vibe makes it a prime location for buyers considering more traditional neighborhoods like Elizabeth or Myers Park. For those seeking something a little more fun and vibrant, Plaza Midwood is the perfect choice.
If you're considering buying or selling a high-end home in Plaza Midwood, reach out—there's no shortage of buyers looking for exceptional properties in this incredible neighborhood.
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