The Cincinnati real estate market recorded a series of high-value property sales recently, led by a newly constructed home in Anderson Township that sold for over $2.45 million. The transaction was one of several sales exceeding the million-dollar mark, highlighting continued activity in both the luxury residential and commercial sectors across Hamilton County and Northern Kentucky.
In addition to the top residential sale, commercial properties also saw significant investment, with transactions in Cincinnati's Business District and Montgomery reaching $2.85 million and $2.75 million, respectively. These sales, based on public records, provide a detailed look at recent market dynamics in the region.
Key Takeaways
- A home in Anderson Township's Coldstream Club development sold for $2,450,755, marking the week's highest residential transaction.
- A commercial property in Cincinnati's Business District was the highest overall sale, changing hands for $2,850,000.
- Multiple other properties in Hyde Park, Indian Hill, and Montgomery also sold for over $1 million.
- The data reflects a diverse range of transactions, from multi-million dollar estates to smaller residential and commercial sales across dozens of neighborhoods.
Anderson Township Home Tops Residential Sales
The most significant residential sale recorded was for a property at 245 Coldstream Club Drive in Anderson Township. The home, sold by Zicka Development Company LLC, was purchased for $2,450,755. This sale underscores the strong demand for new, high-end construction in established suburban communities.
Anderson Township saw a high volume of activity overall. Another notable transaction occurred at 1298 Mistymeadow Lane, which sold for $997,000. The area featured a mix of sales, from luxury homes to more moderately priced properties, indicating a broad and active market.
Spotlight on High-Value Residential Sales
Several other homes across Hamilton County sold for more than $1 million, demonstrating the strength of the luxury market:
- Hyde Park: A property at 1330 Observatory Drive sold for $1,650,000.
- Indian Hill: A home at 8740 Old Indian Hill Road was acquired for $1,550,000.
- Montgomery: A residence at 9639 Delray Drive sold for $1,150,000.
- Wyoming: A home at 515 Springfield Pike changed hands for $1,070,000.
Commercial Properties Command Top Prices
While residential sales were strong, the highest-priced transaction was in the commercial sector. A property located at 333 8th Street in the Business District sold for $2,850,000. This sale from Marsh Str Rest LLC to Cincystr LLC points to continued investor confidence in downtown Cincinnati.
Other significant commercial deals included:
- Montgomery: A property at 10700 Montgomery Road was sold by Genoa Property Group LLC for $2,750,000.
- Colerain Township: Two adjacent parcels at 9430 and 9470 Colerain Avenue were sold together by Colerain Commons Associates LLC for a combined $2,273,342.
- Spring Grove Village: A property at 5722 Este Avenue sold for $1,088,000.
These transactions show robust activity in commercial real estate, spanning office, retail, and industrial properties across different parts of the county.
Understanding the Data
The property transfer information for Hamilton County is provided by the Hamilton County Auditor's Office. These records are public and reflect finalized sales filed with the county. The Northern Kentucky data is compiled from corresponding county records in Boone, Campbell, and Kenton counties. The sales reflect the price agreed upon by the buyer and seller at the time of transfer.
Activity Across Hamilton County Neighborhoods
Beyond the multi-million dollar deals, dozens of neighborhoods saw a steady flow of transactions, painting a picture of a healthy and diverse market. Areas like Green Township, Colerain Township, and Delhi Township recorded numerous sales, indicating consistent demand.
Green Township Market Overview
Green Township was one of the most active areas, with several new construction homes selling for high prices. Fischer Single Family Homes IV LLC sold multiple properties on Rowan Drive, with prices including:
- $696,946
- $675,793
- $671,714
The Drees Company also sold a new home on Carlinridge Lane for $663,299. These sales, combined with numerous transactions of existing homes, highlight Green Township's appeal for both new development and established housing.
Hyde Park and Oakley Remain Popular
Hyde Park and the neighboring community of Oakley continue to be highly sought-after locations. In Hyde Park, a home at 3562 Michigan Avenue sold for $795,000, while a property at 3518 Victoria Place went for $649,900. In Oakley, a home at 3728 Drakewood Drive sold for $875,000, and another at 3815 Drakewood Drive sold for $715,000. These prices reflect the strong and sustained value in these centrally located, desirable neighborhoods.
Northern Kentucky Market Highlights
The real estate market south of the river in Northern Kentucky also posted strong sales figures. A home in Union, located at 1025 Hyperion Court, sold for $1,029,000, marking one of the top sales in the region.
Other notable transactions in Northern Kentucky included:
- Fort Wright: A home at 3484 Reeves Drive sold for $782,000.
- Fort Mitchell: A residence at 78 Superior Drive was purchased for $700,000.
- Villa Hills: Two properties on White Pine Drive and Red Maple Lane sold for $670,000 and $658,000, respectively.
- Newport: A home at 606 Monroe Street sold for $729,000, showcasing the strong market in the riverfront city.
The activity across cities like Covington, Florence, and Independence demonstrates broad demand throughout the Northern Kentucky suburbs, from luxury homes to more affordable starter homes and condominiums.
