CLEVELAND, Ohio -- The COVID-19 pandemic sparked a housing boom. Record-low mortgage rates combined with low inventory have driven up demand. Homes are going fast and for top dollar.
The hot housing market has cooled off a bit since peaking earlier this year, but, “It is still a strong market for sellers and I don’t really see that ending any time soon,” says Howard Hanna broker Kim Crane.
She says there still is limited inventory in most price ranges, resulting in very motivated buyers. But there is another component triggering sales at the higher end of the spectrum.
“Buyers do prefer turn-key, move-in conditions and are very willing to pay a premium. That is one of the factors influencing higher prices,” Crane says. “Time is money and right now it is hard to get renovations done with high demand, low supplies and few workers.”
Indeed, she has several listings above or hovering around $1 million. Countywide, there are currently more than 90 homes listed at $1 million dollars and higher, according to Realtor.com.
Here are the 10 most expensive houses available for sale in Cuyahoga County. Homes listed as pending, contingent or to be built are not included.
1. (tie) 11518 Harbor View Drive, Cleveland
Price: $6,500,000
Specs: 15,000-sq. ft. home with 7 bedrooms, 10 bathrooms (8 full). 1.87-acre lot.
Quote from listing: “Sited on nearly two acres offering unobstructed lake and city views, this property is truly magical!”
Contact: Adam Kaufman, Howard Hanna
1. (tie) 12407 Lake Shore Blvd., Bratenahl
Price: $6,500,000
Specs: 11 bedrooms, 12 bathrooms (7 full). 8.5-acre lot.
Quote from listing agent: “The Gwinn mansion is a true architectural jewel.”
Contact: Craig Cantrall, Chestnut Hill Realty
Related story: William G. Mather’s famous Gwinn Mansion listed for $6.5M
3. 22 East Hanna Lane, Bratenahl
Price: $4,500,000
Specs: 5 bedrooms, 9 bathrooms (7 full). 0.92-acre lot.
Quote from listing: “It’s absolutely incredible and includes a private beach!”
Contact: Craig Cantrall, Chestnut Hill Realty
4. 7900 Gray Eagle Chase, Gates Mills
Price: $3,900,000
Specs: 8,816-sq. ft. home with 6 bedrooms, 9 bathrooms (6 full). 11.16-acre lot.
Quote from listing: “Timeless design, masterful craftsmanship, and the finest of materials all make this home truly extraordinary.”
Contact: Cici Riley, Howard Hanna
5. 19400 N. Park Blvd, Shaker Heights
Price: $3,495,000
Specs: 9,374 sq. ft. home with 6 bedrooms, 11 bathrooms (8 full). 3.5-acre lot.
Quote from listing: “Enjoy the magnificent gardens, stone terraces, in-ground pool and expansive lawns for summer entertaining.”
Contact: Adam Kaufman, Howard Hanna
6. 600 Battles Road, Gates Mills
Price: $3,150,000
Specs: 8,142-sq. ft. home with 6 bedrooms, 7 bathrooms (4 full). 13.3-acre lot.
Quote from listing: “Your senses will awake not from one specific detail, but from something you really never see: a home that has every modern comfort you need, but also feeds your soul with soft whispers of the past.”
Contact: Rachel Liberati, Howard Hanna
7. 14 Colony Lane, Bratenahl
Price: $3,100,000
Specs: 4 bedrooms, 7 bathrooms (4 full). 0.53-acre lot.
Quote from listing agent: “This masterfully crafted residence is hands down one of the most extraordinary waterfront homes in Northeast Ohio.”
Contact: Linda Musarra, Chestnut Hill Realty
8. 495 N. Main Street, Chagrin Falls
Price: $2,850,000
Specs: 5,231-sq. ft. home with 5 bedrooms, 7 bathrooms (5 full). 4.78-acre lot.
Quote from listing: “This home and property has been entirely renovated from top to bottom in the past two years using only high-end finishes.”
Contact: Karen Eagle, Howard Hanna
9. 12100 Tinkers Creek Road, Valley View
Price: $2,800,000
Specs: 4,142 sq. ft. home with 3 bedrooms, 2.5 bathrooms. 3.99-acre lot.
Notable: Horse farm has barn with three 12x12 insulated stalls, each with its own dedicated water source and ceiling fan.
Contact: Shannon Raimondo, Howard Hanna
10. 3780 Chagrin River Rd., Moreland Hills
Price: $2,795,000
Specs: 5 bedrooms, 8 bathrooms (6 full), 2.7-acre lot
Quote from listing agent: “This is truly a spectacular home, with an enchanting backyard and an interior that has been thoughtfully designed with luxury in mind to appeal to even the most discerning buyer.”
Contact: Craig Cantrall, Chestnut Hill Realty
Related: Moreland Hills home with ‘secret garden’ vibes asks $2.795M
Ad Choices