So, how does the other half live? Maybe you’re in that half and already know the answer to the question. Or maybe that’s a colloquialism today’s digital generation hasn’t even heard.
In any event, it’s a fun task running down the most expensive homes sold in Louisville each year. Back in 2012, the leader was a $1.78 million stately mansion in Mockingbird Valley.
In 2013, the Cold Spring Estate exchanged hands for the tidy sum of $3.6 million. A truly lavish property in the heart of the Highlands, this home edged out three other homes that also sold for more than $3 million.
Now here we are looking back at 2014. Out of the 9,944 condos and single-family homes that sold during the year, there were just 26 that went for more than $1 million. This is down from the 41 that sold the previous year.
Before we get to some photos of our winner, let’s check out some of the characteristics of these amazing million-dollar-plus Louisville properties.
- Average days to sell
2014: 151 | 2013: 182
- Average sale price
2014: $1,412,542 | 2013: $1,583,851
- Change from asking price to sales price
2014: 5% | 2013: 8%
- Average cost per square foot
2014: $262.68 | 2013: $270.62
Now to the main event!
The most expensive home sold in Louisville during 2014 was the Melcombe Estate in Glenview. This incredible property sold for $3 million in October, and if the pictures are any indication, it was well worth the price.
The lot is just 8.87 acres, but it feels like so much more with all the mature trees providing beauty and privacy.
There are 11,815 luxuriously finished square feet not counting the expansive basement that’s partially finished. Outdoors, the house has its own private gate, tennis courts, gardens and covered patio.
Did I mention the elevator?
Once inside, it’s as marvelous as you would expect. Ionic columns support coffered ceilings with dentil molding millwork as far as the eye can see. Truly remarkable.