Midtown Tulsa Luxury Homes Market Report October 29, 2011 – inventory is moving!
For the purpose of this market report, midtown Tulsa boundaries are defined as the Arkansas River to the west; Harvard Avenue to the east; 11th Street to the north and 51st Street to the south.
There are 85 midtown Tulsa luxury homes currently on the market – ranging in price from $500,000 to $2,650,000. The most expensive home is 9,015 square feet and is the historic Skelly Mansion – completely updated and refurbished. Built in 1915, it’s located in the Sunset Park subdivision and is listed on the national register of historic properties.
The second most expensive midtown Tulsa luxury home is listed for sale at $2,550,000. Unlike most midtown homes, this is in a gated subdivision with a mandatory home owner’s association fee. A Jack Arnold design, this was built in 1995 and is 8,091 square feet. It includes a wine seller, media room and pool.
Amenities found in midtown Tulsa luxury homes include beautiful grounds, detached living quarters, porte cocheres, balconies, pools and of course, updated kitchens and baths.
In 2011, 68 midtown Tulsa luxury homes have closed, ranging in price from $410,000 to $1,700,000. Of the 68 closed properties, 23 properties were built after 2000. Teardowns and rebuilds are not always welcome by the traditional midtown home-owners unless they are done in appropriate size and architectural style to fit the neighborhood. Obviously there is a market for them.
With the combination of pending and closed properties, it appears that our active properties represent a one-year inventory.
The home featured in this market report is a 3200 square foot home built in 1920 that backs up to the historic McBirney Mansion. It has been meticulously renovated and updated, yet retains its original vintage charm. There is also a 700 square foot finished basement in the main house and 630-square foot garage apartment above the detached 3-car garage. Beautifully landscaped and minutes from downtown Tulsa and Tulsa River Parks, this midtown Tulsa luxury home at 640 West 14th Street is offered at $550,000.
Tulsa luxury homes date back to the midtown mansions built by oil barons at Tulsa’s inception and now expand to areas of south Tulsa and surrounding suburbs. If luxury homes are what you desire, Tulsa has much to offer! Shop for midtown Tulsa luxury homes and do call me to schedule a showing!