Baton Rouge realtor Em Saunier acknowledges that the local real estate market kicked off in the year, but says the market has changed a lot since mid-May.
“Earlier this year, even ‘luxurious’ homes that we just knew wouldn’t sell were commanding higher dollars,” Sunier said. “Homes were flying off the market — many bought without even seeing.”
The high-end market hasn’t slowed much, said Quita Cutrer, also a Baton Rouge realtor.
“I think it’s because there are a lot of cash sales out there. Maybe people are trying to put their money into real estate because they’re not sure what to do with it now,” Cotterer said. “I experienced a lot of cash sales this year.”
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Check out five of the most expensive homes on the Baton Rouge real estate market. Details and photos about the homes below have been provided by the listing agents.
11001 Highland Road, Baton Rouge 70810
This stunning ranch-like home is on the market for $14 million. It is situated in a secluded location surrounded by live oak trees. Double loggias connect the two wings of the house—and don’t feel bad if you have to hunt down the loggias (we did, too). Her primary bedroom has a round reading area. Don’t forget the 4,800-square-foot guest house (with three-car garage), 1,429-square-foot cabana, three laundry rooms, pond and pool, and a 1,942-square-foot garage. With a decrease of 20%, the estimated monthly payment is $77,208.
- 5 beds
- 6.5 baths
- 25,372 sq ft / $552 per sq ft
- 12.5 acres
- Garage for 4 cars
- 925 days on the market
1100 Knollwood Drive, Baton Rouge 70808
Designed by Joe Emerson Architects, this home is for sale at $6,995,000. The property’s landscaping of mature myrtle trees and gentle, rolling hills reflects its nature-based interiors, which include a Texas limestone fireplace and cypress ceilings. Exterior features such as a covered sun porch and gazebo offer serene panoramic views of Bayou Duplantier and the backyard. The estimated monthly payment is $36,807.
- 4 beds
- 5.5 baths
- 8,670 sq ft / $809 per sq ft
- 6.5 acres
- 3 car garage
- 174 days on the market
10112 Wood Duck Drive, Baton Rouge 70817
This private estate is available for $4,900,000. It contains several luxurious rooms: a formal library with a European stone fireplace, an intimate temperature-controlled wine room and a massage room. What might be the icing on the cake for movie lovers is this property’s theater room that has leather, reclining seating, a surround sound projector, and soundproof walls. The estimated monthly payment is $27,492.
- 6 beds
- 6.5 baths
- 13,357 sq ft / $367 per sq ft
- 59.39 acres of land
- HOA fee: $133 per month
- 593 days on the market
3170 Conway Drive Baton Rouge 70809
For $4,800,000, this home exudes sophistication with its marble floors, white oak cabinetry, and grand Art Deco staircase—along with a large veranda, knife-edge pool, and large covered patio with a “three-hip vault ceiling,” yes, it has. You read that correctly (and again, we had to research that too). The estimated monthly payment is $24,531.
- 5 beds
- 5.5 baths
- 7,000 square feet / $686 per square foot
- 0.45 acres
- 3 car garage
- 55 days on the market
4979 Highland Road, Baton Rouge 70808
Available for $4,490,000, this two-story home has been owned by the Duplantier family since the early 1800s. Minutes from LSU’s south gates, Centennial Oaks lines the way to the stately home with six square columns that stand “guard under three roof dormers,” as it’s described in its listing. The estimated monthly price is $22,794.
- 3 beds
- 2.5 baths
- 4,124 sq ft / $1,089 per sq ft
- 6.18 acres
- 2- Car garage
- 418 days on the market
Cotterer said that, over the past 30 days, she has worked with clients to put together the contract for two multimillion-dollar homes — one for $4.8 million and the other for $3 million.
However, for most buyers and sellers these days, Saunier said things are different.
“Buyers are canceling contracts left and right,” Sonner said. “Obviously higher interest rates play a role. People who want a $250,000 home now can only buy a $200,000 home. They’re losing that buying power.”
Saunier suggested that Baton Rouge was in an artificially inflated market last year, and now the market is back to normal.
With more than 40 years as a realtor, Cutrer has attributed the fluctuations to cycles within the market.
“Real estate cycles. Every 10 years, we kind of have a cycle. After Katrina, it took two years and then the market stabilized,” Cotterer said. “You can never predict what the market will do.”
Another factor in the market is getting valuations fast enough to keep up with sales.
“Valuators were finding it difficult to keep up with the market. If there was a bloated market, it was inflated by low interest rates and tight supply,” Cotterer said.
No matter the location, Saunier said, high-end homes are a niche market.
“Our high-end homes are completely different,” Sunier said. “We have old homes along Highland Road and then new money with homes with all the bells and whistles—including shower doors that freeze when closed and squeaky clean when opened. Seven-figure homes usually take longer to sell.”