How Much House Does $1 Million Buy You in Tallahassee?

A Look Inside Northwest Florida’s Luxury Market

In a world where a million dollars barely gets you a two-bedroom condo in Miami or San Francisco, Tallahassee stands out as one of the last places in Florida where your money goes further—without compromising on luxury.
From gated golf communities to waterfront retreats, the $1M price point in Tallahassee opens the door to stunning properties that redefine Southern elegance.

What $1 Million Buys You in Tallahassee

A recent Action News Jax report highlighted several jaw-dropping properties for sale in the capital city. Here are a few standouts:

• 4298 Westbury Drive – Listed at $985,000, this 5,400+ sq ft luxury home offers 5 bedrooms, 6 bathrooms, a chef’s kitchen, an in-home theater, and is located in one of the city’s premier neighborhoods.
• 2801 Crestline Road – Priced at $975,000, this modern home includes 5 beds, 4.5 baths, over 4,000 sq ft of living space, and a gorgeous saltwater pool.
• 1490 Spruce Avenue – A new-construction home in Myrick Hills with soaring ceilings, custom finishes, and top-tier appliances.

With properties like these, it’s clear: $1 million in Tallahassee buys luxury—without the inflated coastal premiums.

Tallahassee’s High-Value Advantage

Data: Tallahassee vs. Other Florida Cities

Let’s compare how far $1 million goes across Florida, using trusted housing data from the Federal Reserve Bank of St. Louis (FRED):

City: Miami

Median Home Price (as of June 2025): $635,000 FRED Miami MSA 

What $1M Buys: Small condo or modest single family

City: Tampa

Median Home Price (as of June 2025):  $440,000 FRED Tampa MSA

What $1M Buys: Mid-sized home, limited land

City: Tallahassee

Median Home Price (as of June 2025): $309,000 FRED Tallahassee MSA

What $1M Buys: 5,000+ sq ft, pool, acreage, luxury finishes

In Tallahassee, $1 million buys 2–3x more house compared to Florida’s coastal markets.

Why High-Net-Worth Buyers Are Choosing Tallahassee

Tallahassee, located in the heart of Northwest Florida, is rapidly becoming a haven for luxury buyers. Here’s why:

• More land, more privacy: Estate-style lots and 1+ acre homes are common.
• Natural beauty: Rolling hills, mossy oaks, and crystal-clear lakes like Lake Talquin.
• Top education & government stability: Home to Florida State University, FAMU, and the state capitol.
• Lower cost of living: Florida has no state income tax and Tallahassee’s living expenses remain below state averages [source].

Top Neighborhoods for Million-Dollar Homes

1. Golden Eagle Plantation
   Gated golf course community with a private club, custom luxury estates, and one of Tallahassee’s most exclusive addresses.
2. Southwood
   A master-planned neighborhood with tree-lined streets, community events, and southern charm. Ideal for families and executives. Quick Video on Southwood
3. Betton Hills & Myrick Hills
   Close to Midtown and Downtown, these neighborhoods offer new construction and historic homes with architectural character.
4. Lake Talquin Estates / Parramore Shores. Quick Video from Parramore Shores
   Waterfront luxury at its finest. Lake Talquin provides boating, fishing, and unmatched privacy with conservation-line protections. Learn more about Lake Talquin living here.

Ready to Explore the Best of Tallahassee?

Whether you’re relocating, retiring, or investing in a second home, Tallahassee’s luxury real estate market offers a rare combination of value, quality, and lifestyle.

Contact Joe Jennings, Broker at Sunny & Associates Realty
Let us show you how far $1 million can go in Northwest Florida.

Joe Jennings Broker, Sunny & Associates Realty

Contact Information:

• Phone: 850-296-2524
• Email: Joe@SunnyRealtors.com
• Web: Contact Form