When clients think of the most expensive home sales on the current pandemic motivated real estate market, they think of price tags like California, New York, or Florida. However, this is also where opportunity shines the spotlight on Nebraska’s luxury home market and cash home sale benefits.
The pandemic has opened a real estate window few experts predicted accurately. Instead of slowing sales, it merely changed how this turbulent market sells homes. Real estate clients can rest assured that these, luxury buying or selling opportunities exist in the housing market.
Nebraska’s most expensive home sales dictate an incredible story: opportunity to invest. This niche million-dollar market has recently sold stunning homes in the exclusive 3-5 million dollar range. Elsewhere, those homes would be less affordable.
Let’s discover what is trending on the real estate market and companies that buy houses in Nebraska.
Overview of the Nebraska Real Estate Market
Although buying a home has become more challenging, attractive mortgage rates at 2.89% are a dangling carrot that makes upgrading to luxury real estate property even more tantalizing. At a glance, Nebraska’s average real estate prices hover at $214,000 and calculate at a hefty 13.1% value increase.
Creative forms of selling a house in Nebraska have also contributed to a shift in how real estate has transitioned to other sales and buying methods.
What remains important is that Nebraska has a unique real estate market opportunity in the luxury home segment. Quick cash home sales benefit both.
Look at it this way: Nebraska’s average price per square foot is $104. Yet, it’s possible to find a mansion in the most expensive home segment at $213, and it includes unmatched opulence.
Despite diminished inventory on Nebraska’s unprecedented real estate landscape, untapped opportunities in the luxury market exist, and with a trusted partner, you don’t have to explore them on your own.
The Nebraska real estate market faces one challenge: inventory. Pre-pandemic market listings hovered at roughly 3500 listings and have diminished to hard-to-find quick-to-sell, 500-600 home options. Within upscale realty portfolios, you’ll find approximately 50 listings above the 1 million mark.
These million-dollar estates don’t compromise on quality despite their affordable price tag. Many of these attractive, supersized-square-foot mansions offer everything from pools to heated multi-vehicle garages, gourmet kitchens, prime locations, and stunning views.
Real Estate Prices in Nebraska
Buyers on the Nebraska real estate market don’t need to compete with the world’s most expensive and unaffordable properties real estate market. Perhaps, better investment potentials exist in Nebraska cities like Bellevue, Kearney, Lincoln, Grand Island, and it’s the reason we buy homes in Omaha.
If you’re a dreamer and doer, it’s possible to buy a home for as little as $5000 in the must-be moved condition in Nebraska. If you are a do-it-yourselfer, you can potentially capture huge earnings. But do the math. Building supply materials have seen massive cost increases and shortages. Staffing shortages also curtail progress.
Great move-in options exist for homebuyers in the $175,000 to $250,000 bracket, but don’t sleep on your dream home decision. They don’t stay on the market for long. Average real estate listings typically sell above the asking price.
Cash home buyers in Lincoln and throughout Nebraska understand the healthy homeowner ratio of 64.3% in a real estate market where owning rather than renting is a better solution. The foreclosure market is very small.
Today’s most luxurious option on the real estate market is a stunning mansion listed at $5,750,000, and it’s great value per square foot. Also available are beautiful mansions starting at $3,000,000 and going down to $1,000,000. You can also find opportunities in homes valued under the million-dollar mark.
Thriving renovation markets may be key windows for ROI (return on investment). Something an expert in the business can discuss while guiding you through the entire real estate process.
The Most Expensive Home Sale in Nebraska
For clients searching for opulent, square-foot mega-mansions in Nebraska’s most expensive homes for sale segment, these home features come into play.
- Location, location, location #1 driver
- Square feet per room/property
- Floor plan and design
- Number of beds and bathrooms with ensuite
- Master with ensuite, walk-in closet, and his and her dressing room
- Timeless, high-quality finishes
- Gourmet kitchen complete with high-end appliances and custom cabinetry
- Curb appeal
- Setting isn’t interchangeable with location
- Craftsmanship in architectural design
- Unique features like pools, tennis courts, media room, ensuite, private gym, in and outdoor entertaining facilities, wine cellar, and/or bar
- Ceiling height
- Window and light quality
- Multiple garages
A recent sale of an Omaha acre-estate had these qualifications listed as essential and sold for $3,900,000 in 2020. Some of these features may be open to interpretation. Location and craftsmanship, however, are non-negotiable attributes for clients in search of luxury homes.
To get you started, here is a wonderful selection of homes to whet your appetite.
1. 207 Fairacres Rd, Omaha, NE 68132 $5,750,000
This stunning estate home is listed as the number one property on the luxury home listing in Nebraska. This property is synonymous with opulence and offers a stunning setting on 2.49 acres, complete with in-and-outdoor amenities to substantiate the term upscale. Over 11,000 square feet of luxury living can be yours.
2. 12445 N 179th Cir, Bennington, NE 68007 $3,000,000
This magnificent property is situated on pristine Newport Landing Lake and is perhaps the best bargain coming in at just $214 per square foot. This is genuinely a WOW-factor real estate property and investment opportunity and offers everything from river frontage to a heated driveway and garage to a wine cellar and indoor pool.
3. 13001 S 48th St. Bellevue, NE 68133 $2,800,000
This property is a wonderful offer situated on 20 pristine acres. Both interior and exterior are jaw-droppingly beautiful and reminiscent of a French chateau.
4. 1206 N 136th Ave, Omaha, NE 68154 $2,699,000
Here we have an outstanding affordable Y2K Symphony Showhome built as an architectural showstopper on 2.21 acres. It’s a perfect family home.
5. 30108 Kimberly Dr. Ashland, NE 68003 $2,590,000
As a fine sample of country living among the serenity of 23 wooded acres, this home is a retreat for living.
6. 28407 W Maple Rd. Waterloo, NE 68069 $2,500,000
This listing is competitively priced for two beautiful homes on 100 acres and with river frontage. It’s perfect for unique business endeavors or utilized as a guest home for extended family purposes.
7. 3217 S 101 St. Omaha, NE 68124 $2,500,000
As an unmistakably mid-century modern property set on 2.49 acres of landscaped lawn and California-style gorgeous gardens, it costs a surprising $134 per square foot! Inspired by Franklin Lloyd Wright, this is a must-see real-estate listing.
8. 709 96th St. Omaha, NE 68114 $2,500,000
This amazing home set on a 3-acre lot is simply perfect for anyone interested in owning a tennis court or lounging by the pool. The gorgeous mansion benefits from recent updates: roof, Pella window, security, and exterior paint.
9. 10500 Cromwell Dr. Lincoln, NE 68516 $2,100,000
Here is an estate mansion in a very desirable private location on 3.55 acres, built to a high standard. The unrivaled elegant decor throughout and the waterfall pool can be yours.
10. 455 Brewster Ave, Brewster, NE 68821 $1,999,990
This is a business waiting to happen. As a cozy cabin-style home on 17 acres with a grand view of the Sandhills and meandering river, it has a ton of potential as a business venture.
11. 17445 Valley Dr. Omaha, NE 68130 $1,995,000
What a perfect family home for only in an ideal location with the convenience of shopping and schools close. The 1-acre lot makes it private yet easy to maintain family property.
12. 87800 Willow Ridge Ave, Long Pine, NE 69217 $1,950,000
Here we have an exciting property with wrap-around views and privacy on a 32.08-acre plot of gorgeous land. Plus, the endless sky and beautiful woodlands are included.
13. 100 W Alpine Dr. Sparks, NE 69220 $1,900,000
Substantially reduced, this rare log home comes furnished and move-in ready. It’s perfect as a home or getaway on 277 acres in highly desirable Cherry county with river frontage and endless views.
14. 1239 N 138th St. Omaha, NE 68514 $1,899,999
This property is a stately home set on .95 acres in a very desirable Linden Estate community. Top-quality finishes dominate throughout the property. Plus, it was recently reduced.
15. 9440 Pioneers Blvd. Lincoln, NE 68520 $1,795,000
Finally, this is an elegant property perfect for golf enthusiasts as the property abuts Firethorn Golf Course. This home is ideal for families or retirees with views of the fairways and 8.27 acres of privacy.
Nebraska Offers Opportunities
The above list captures the top choices for beautiful homes on the Nebraska luxury real estate market. It’s a snapshot for buyers and investors to gauge and assess if this market is right for them. While the market has seen many changes, it has survived. Both sellers and buyers sailed through the glitches and discovered creative ways to sell a house.