A lack of inventory in the high-end market is one-factor fueling prices for luxury villas and penthouses in the state. Likewise, the need to acquire property in exclusive neighborhoods for privacy and opulence continued to fuel the most surprising 2022 real estate deals in Ohio.
In addition, the most surprising deals were mostly made up of homes built in the last 20 years. It also includes ready-to-move-in homes, as most people do not want to incur any additional costs due to remodeling.
Raven Crest Hunting Valley $15 million
The sprawling estate in Hunting Valley was one of the most surprising 2022 real estate deals in Ohio, going for a bargain price of $15 million. It is a bargain as it costs about $391 per square foot, with some properties going for thousands of dollars per square foot in the area.
The property sits on 153 acres in the most coveted area of Northeast Ohio, making it one of the most extraordinary properties. The house was built in 2009 by real estate developer Scott Wolstein for his family.
It is a three-level home with about 35,000 square feet of living space. There is a main floor that acts as the primary wing, complemented by five additional bedroom suites. Its lower-level floors feature a movie theater, a nightclub, and a stage for a karaoke system. There is also a wine cellar, a gym, and a two-story climbing wall. The exterior comes with a swimming pool, a tennis court, and beautifully designed carriage houses that serve as rental units and staff housing.
121 Pawleys Plantation Beavercreek Township
The luxury home off the County Club of the North was the most expensive home sold in Beavercreek Township, Ohio. The 10,000 square feet home went on sale for $1.35 million thanks to being a piece of elegance and grandeur.
Some of the unique features that made the property stand out included marble flooring and a lifted dome. It also comes with an exquisite living room and formal dining room that boast built-in cabinets and hardwood floors. The mansion also features a home office with luxurious woodwork and Brazilian cherry floor.
1371 W Rahm Rd Washington TWP, OH
The stunning estate off 1371 W Rahm Rd Washington was the most surprising 2022 real estate deal in Ohio Centerville as it went on sale for $1.5 million. The mansion features 19,778 square feet with an array of luxury amenities, including opulent bedrooms.
Ten full bathrooms are also on offer in the house and an exclusive inground pool on the property. In addition, there is an in-law suite and separate apartment affirming the stone castle status.
1531 Shore Woods Dr. Washington TWP, OH 45459
It was one of Ohio’s most surprising 2022 real estate deals when it went on sale for $1.2 million. The house, which screams luxury living, sits on a 3-acre piece of land. It features a modern design with all the perks for high-end living in Terrace Creek, which is a premier luxury home in Centerville, Ohio.
The house comes with high-end custom finishes with a heated driveway for navigating the chilly mornings. The house has 8,000 square feet of living space, five spacious bedrooms, and five bathrooms.
The premium price paid for the property has to do with the fact that the property has direct access to the Dayton Mall and local grocery stores, among other amenities for high-end living.
1519 Kingsway Dr. Beavercreek Township
Summing up, some of the surprising 2022 real estate deals in Ohio was the luxury home in Beavercreek County. The house features 5,400 square feet of living space, five bedrooms, and 3.5 baths. It also comes with a newly finished walkout basement and a chef’s gourmet kitchen.
The house is an open floor plan that comes packed with all the luxury amenities with breathtaking views of the valley below. The property is also close to some of the area’s best public parks and athletic fields.
Demand for a luxury home remains strong in Ohio despite the market overheating in 2022 due to surging mortgage rates. Insufficient inventory forced most people to break the bank to purchase their dream properties, leading to some of the most surprising 2022 real estate deals. The trend is expected to continue in 2023 as inflation levels decline and people resort to buying homes rather than renting.