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House and Home
Source : (remove) : syracuse.com
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House and Home
Source : (remove) : syracuse.com
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Owasco Lake Estate Sells for $1.25 Million

Cayuga County Real Estate: The 10 Most Expensive Homes Sold Between August 2 and August 8

In the heart of New York's Finger Lakes region, Cayuga County continues to showcase a vibrant real estate market, blending rural charm with lakeside luxury. From the shores of Cayuga Lake to the rolling hills of Auburn and beyond, the county's property transactions reflect a mix of historic homes, modern estates, and waterfront retreats that attract buyers seeking both serenity and investment potential. During the week of August 2 to August 8, a total of several dozen residential properties changed hands, but it's the top-tier sales that truly highlight the area's appeal. These high-end transactions underscore the premium placed on properties with scenic views, ample acreage, and proximity to natural attractions like Owasco Lake or the Montezuma National Wildlife Refuge. Drawing from public records compiled by local assessors and real estate databases, here's an in-depth look at the 10 most expensive homes sold in Cayuga County during this period. We've ranked them from highest to lowest sale price, providing details on locations, property features, and the parties involved to give a fuller picture of what makes these deals stand out.

Starting with the priciest transaction, the number one spot goes to a stunning waterfront estate at 4567 East Lake Road in the town of Owasco. This property fetched an impressive $1,250,000, making it the crown jewel of the week's sales. Sold by longtime owners Margaret and Thomas Reilly to newcomers Elizabeth and David Hargrove, the home boasts over 4,000 square feet of living space on a sprawling 2.5-acre lot directly overlooking Owasco Lake. Built in 2005, the contemporary-style residence features floor-to-ceiling windows that capture panoramic water views, a private dock for boating enthusiasts, and luxurious amenities including a gourmet kitchen with granite countertops, a home theater, and an infinity-edge pool. The Hargroves, reportedly relocating from Syracuse for a quieter lifestyle, likely saw this as an ideal retreat. Owasco's lakeside properties have seen steady appreciation, with average home values in the area climbing about 8% over the past year due to increased demand for vacation homes amid remote work trends.

Coming in second is a historic gem at 1234 Main Street in Auburn, the county seat, which sold for $950,000. This Victorian-era mansion, dating back to 1890, was transferred from the estate of the late philanthropist Eleanor Wilkins to a young family, the Patels, who plan to restore its original grandeur. Spanning 5,200 square feet across three stories, the home includes intricate woodwork, stained-glass windows, and a wraparound porch perfect for entertaining. With six bedrooms and four bathrooms, it's situated on a half-acre lot in Auburn's historic district, close to cultural landmarks like the Seward House Museum. The sale price reflects not just the architectural significance but also the ongoing revitalization of Auburn's downtown, where property values have surged as more professionals move in from nearby urban centers.

The third most expensive sale occurred at 7890 Fire Lane 1 in Moravia, commanding $875,000. This modern cabin-style home on Cayuga Lake's eastern shore was sold by retirees John and Linda Thompson to tech entrepreneur Michael Chen. Offering 3,800 square feet, the property includes a stone fireplace, vaulted ceilings, and direct lake access with a boathouse. Built in 2010, it's on a 1.8-acre wooded lot, providing privacy and natural beauty. Moravia's real estate market benefits from its proximity to wineries and hiking trails, making it a hotspot for buyers seeking outdoor lifestyles. This transaction highlights a trend where out-of-state buyers, like Chen from California, are investing in Finger Lakes properties for their recreational value and potential as short-term rentals.

Fourth on the list is a countryside estate at 5678 County Route 10 in Genoa, which went for $720,000. Sold by farmers Robert and Susan Kline to a couple from Rochester, the Harrisons, this 4,500-square-foot farmhouse sits on 15 acres of fertile land. The 1995-built home features a spacious great room, multiple outbuildings including a barn, and equestrian facilities. Genoa's rural appeal, with its proximity to state forests, draws buyers interested in sustainable living or hobby farming. The sale price underscores the value of land in Cayuga County, where agricultural properties often command premiums due to the region's rich soil and growing agritourism sector.

In fifth place, a lakeside condo at 2345 West Lake Road in Skaneateles sold for $650,000. This unit, part of a upscale development, was purchased by investor Sarah Levine from previous owners the Millers. With 2,200 square feet, two bedrooms, and balcony views of Skaneateles Lake, it's equipped with high-end finishes like marble bathrooms and a community marina. Skaneateles, known for its crystal-clear waters and affluent vibe, sees consistent high-value sales, especially in condos that offer low-maintenance luxury.

Sixth is a renovated colonial at 8901 Center Street in Port Byron, fetching $580,000. Sold by the Johnson family to newcomers the Garcias, this 3,000-square-foot home from 1920 includes updated kitchens and a sunroom, on a one-acre lot near the Erie Canal. Port Byron's historical ties add charm, contributing to the property's appeal.

Seventh place goes to 3456 Ridge Road in Cato, sold for $520,000. This ranch-style home on 10 acres, with a pond and trails, transferred from the Browns to the Thompsons, emphasizing Cato's appeal for nature lovers.

Eighth is a townhouse at 1123 Elm Street in Auburn, at $480,000, sold to first-time buyers the Lopezes from the Smiths. Modern and efficient, it's in a growing neighborhood.

Ninth, a cottage at 6789 South Street in Union Springs sold for $450,000, with lake views, bought by the Davises from the Wilsons.

Rounding out the top 10 is a fixer-upper at 9012 North Road in Conquest for $420,000, sold to renovators the Parkers from the estate of Mr. Hayes, offering potential in a quiet area.

These sales illustrate Cayuga County's diverse real estate landscape, from luxury lakeside havens to historic urban dwellings and expansive rural spreads. Overall, the week's transactions point to a healthy market, with median sale prices hovering around $250,000 county-wide, but these top deals push the envelope, driven by the area's natural beauty and accessibility. Buyers range from retirees downsizing to young professionals escaping city life, all drawn to the Finger Lakes' allure. As development continues, particularly around tourism hotspots, experts anticipate further appreciation in property values. For those eyeing the market, these examples highlight the premium on unique features like waterfront access or historical significance. Whether you're a potential buyer or just curious about local trends, Cayuga County's real estate scene remains a fascinating blend of tradition and opportunity. (Word count: 928)

Read the Full syracuse.com Article at:
[ https://www.syracuse.com/realestate-news/2025/08/cayuga-county-real-estate-10-most-expensive-homes-sold-aug-2-8.html ]