Peek at the 3 priciest homes for sale in Centre County. One can be yours for more than $1.3M
An equestrian’s dream escape, a historic home dating to 1816 — these are among the most expensive homes currently listed for sale in Centre County.
Using Realtor.com’s database of homes, we’ve rounded up the most expensive properties listed on the market in Centre County. Read on for a look at these million-dollar listings, plus a short a explanation of why the real estate market is so hot.
Home prices across the U.S. are skyrocketing
The median listing price in the U.S. rose to $405,000 for the first time ever in March, a year-over-year increase of more than 13%, according to a market analysis by Realtor.com.
The bottom-line? There simply aren’t enough homes for every buyer in the market for one.
According to Realtor.com chief economist Danielle Hale, though higher costs have impacted buyer demand, prompting new home sales to slip 8.6% in March, the demand for new homes still outstrips supply.
“Completed new homes continue to sell quickly as buyers anxious to lock in a mortgage rate look to homes that offer the promise of a quick close. Completed homes were on the market just 3.0 months, a record low for March,” Hale wrote in a Realtor.com report published Tuesday.
High-dollar listings
Gregg Station
Located at 150 Gregg Station Road, just about every room in this 8,635 square-foot home features yawning windows that offer natural light.
Selling for $1,352,000, it’s the lowest priced home of the three properties we reviewed. It features seven beds and four baths, along with a three-car garage. It was originally built in 1981 and has been listed on Realtor.com for 40 days.
According to the home’s listing, this property promises everything an equestrian enthusiast would need and then some: “Welcome to your life of luxury in this breathtaking private country estate nestled in the heart of Centre County less than five miles from the world-renowned Grange Park Equine Center.”
The barn on the property is expansive enough to be a home unto itself, totaling 6,528 square feet with plenty of horse stalls and several large paddocks and pastures, as well as an outdoor riding area.
As for the human facilities, the sleek kitchen featuring an “open concept and grayscale” aesthetic were added during a remodel. The primary bedroom suite is outfitted with “a Romeo and Juliet balcony, walk-in tile shower and stand-alone soaking tub with access to the private deck.”
West Buffalo Run
Moving up a bit in asking price, this home at 5788 West Buffalo Road in Port Matilda will run you $1,395,000.
For that price, you get a home totaling 5,861 square feet with four bedrooms and five-and-a-half bathrooms, a three-car garage and more than 34 acres of land. Built in 1985, this home has been listed on Realtor.com for 26 days, as of Tuesday.
The leading feature of this home appears to be the privacy and exclusivity it offers while still including several cozy spaces to entertain and gather with friends and family.
From the listing: “This home has a private drive that slightly curves around a beautiful pond and opens to a magnificent home … The entrance opens to a large living room with 2-sided stone fireplace that can be enjoyed from the family room as well. Enjoy the eat-in kitchen with ample room to gather in … The finished basement has a large family room with a wet bar and lots of room for storage.”
The primary bedroom is upstairs on a floor by itself with its own en suite bathroom, and tucked away out back is a fenced-in pool with an electronic cover and heater, per the listing.
Though it offers the experience of a private hideaway, this property sacrifices none of the convenience: Penn State’s campus is only about 10 minutes away.
See photos from the listing here.
General Potter Farm
Located at 2845 General Potter Highway in Spring Mills, this home is nestled in 12 acres of bucolic woods, fields and streams just outside of State College.
At an even $1.7 million, this home was the priciest listing we reviewed, and you’re not just getting a historic home originally built in 1816.
That’s because the property also features a massive, 1830s bank barn “renovated to blend rustic charm with modern elegance for successful, effortless entertaining for up to 200 guests.”
From the listing: “The upstairs boasts exposed beams, an open loft, and original wide-plank floors, with band and DJ-specific power, ambient lighting, and all-season temperature control. The lower level, with its meticulously repointed stone walls and cozy ambiance, can host receptions and intimate wedding ceremonies and opens to the barnyard for outdoor events. Situated beside a stream surrounded by willows and wildflowers, the ceremony meadow is perfect for an outdoor ceremony. Stone walls and fences provide great photo backdrops and lovely spaces for any festivity.”
As for the house itself, it features some 3,770 square feet of farmhouse-style aesthetics. That means original wood flooring, five fireplaces and large porches with views. With five bedrooms and three-and-a-half bathrooms, it would make for a cozy bed and breakfast in the Pennsylvania countryside.
This property offers not just a comfy home listed on the National Register of Historic Places, but an all-season venue for barn weddings and events that acts as a community hub and promising business opportunity.
See photos from the listing here.
This story was originally published April 26, 2022 at 4:16 PM.