realestate

Hoover Reservoir Property Sets New Record: Central Ohio Home Prices Soar

Central Ohio home sales surpass $6 million mark, setting new records in the region. However, land value inflation plays a significant role in these high prices.

T
he recent sale of a luxurious home in Ohio, previously owned by famous actor John Travolta, has set a new record in central Ohio's real estate market. The property, located off Duncans Glen Drive, was purchased for a staggering $6.46 million, which is a significant increase from its previous sale in 2017. The property spans over 16,381 square feet and includes a boat dock, lighted tennis and basketball courts, a mile-long path through the woods, an elevator, a subterranean garage, a soundproof studio, a home theater, seven bedrooms, and over $1.5 million in upgrades since its last sale.

    DeLena Ciamacco, the real estate agent who listed the property, reported a strong interest in the property among potential buyers. The buyer wishes to remain private, represented by Taylar Willard of Cutler Real Estate.

    The property was originally built in 1994 by local car dealer Richard Roby and his wife, Venus, who used it as a temporary home when actor John Travolta was in town filming the movie "I Am Wrath" in 2015. The property was recently acquired by an entity called WF Estate Holdings.

    In another notable sale in Delaware County, a property on Concord Road next to the Tartan Fields neighborhood was sold for $6.4 million. The property's value is derived from its 29 acres of land rather than the home itself, which will be developed into a 54-home community called The Courtyards on Concord by Epcon Communities, featuring amenities such as two ponds, a clubhouse with a pool, a community garden, and pickleball courts.

    This sale surpasses the previous high of $6 million set in 2013 when central Ohio business executive Tami Longaberger sold her 57,000-square-foot mansion on 200 acres near Nashport in Muskingum County. Other notable sales in central Ohio include a 17,771-square-foot home on New Albany Farms Road, which was sold for $5.2 million in 2010, and an 11,134-square-foot home on Park Drive in Columbus, which was sold last year for $5 million.

    Several other central Ohio homes are also expected to set new records if they sell at their asking price. These include a Delaware County home listed for $6.95 million, down from its original price of $7.9 million, as well as Les Wexner's New Albany estate and a 23,000-square-foot home built a few years ago overlooking Route 315 in Delaware County.

    The sale of these properties highlights the growing demand for luxury homes in central Ohio, as buyers seek out unique and high-end properties to call their own.

Central Ohio home prices soar at Hoover Reservoir property setting record.