Overview of Preakness Community in Covington, GA

Preakness is a picturesque single-family home community nestled in the heart of Covington, Georgia. Developed between 2018 and 2022, Preakness offers a blend of modern amenities and Southern charm, making it an ideal location for families and professionals alike. The community is conveniently located near Highway 81 and Barcelona Drive, providing easy access to Covington’s historic downtown square, where you can enjoy a variety of shopping and dining options.

Preakness features a variety of home styles, with properties ranging from 2,700 to 3,600 square feet. These homes are typically priced from the high $400s, with recent listings including a stunning 3,215 square foot home priced at $545,000. The average annual property tax in Preakness is approximately $810, reflecting the value and desirability of this community.

The neighborhood’s architecture showcases four-sided brick construction, which not only enhances the aesthetic appeal but also adds durability and low maintenance. The homes sit on large lots, typically ranging from half an acre to a full acre, providing plenty of outdoor space for families to enjoy.

Home Sizes and Prices

Homes in Preakness vary in size and price, catering to a wide range of needs and preferences. The properties typically range from 2,700 to 3,600 square feet, offering ample living space for families of all sizes. Here are some key details about the homes in Preakness:

• Average Home Size: 2,700 to 3,600 square feet

• Price Range: High $400s to mid $500s

• Recent Listings:

  • 3,215 square foot home listed at $545,000

  • 3,150 square foot home sold for $525,000

  • Other homes sold between $448,611 and $545,000

The homes are built with high-quality materials and feature a range of modern upgrades. Common features include 10-foot ceilings on the first floor, tile bathrooms, and stainless steel appliances. Many homes also come with energy-efficient dual A/C units and two water heaters, ensuring comfort and efficiency.

The neighborhood's annual property tax is relatively modest, averaging around $810. This, combined with the high property values, makes Preakness a sound investment for homeowners. The homes in Preakness are designed to offer both luxury and functionality, with features like covered rear patios and side-entry garages adding to their appeal.

Preakness offers a unique blend of Southern charm and modern amenities, making it a highly desirable community in Covington, GA. Whether you're looking for a spacious family home or a luxurious retreat, Preakness has something to offer.

Architectural Style and Construction

The homes in Preakness are built with a focus on quality and style, featuring four-sided brick construction that adds both durability and aesthetic appeal. This type of construction is not only attractive but also low-maintenance, making it a popular choice among homeowners. The architectural style blends traditional Southern charm with modern design elements, ensuring that each home is both beautiful and functional.

• Construction Years: 2018 - 2022

• Exterior Features: Four-sided brick, side-entry garages, covered rear patios

• Lot Sizes: Large lots ranging from 1/2 acre to 1 acre

Inside, the homes are designed with spacious floor plans and high-end finishes. Common interior features include 10-foot ceilings on the first floor, tile bathrooms, and stainless steel appliances. Many homes also come equipped with energy-efficient dual A/C units and two water heaters, ensuring comfort and efficiency year-round.

Community Amenities

Preakness offers a wide range of amenities that cater to residents of all ages and interests. These amenities are designed to enhance the quality of life and provide plenty of opportunities for recreation and relaxation.

• Clubhouse: A central hub for community events and gatherings

• Swimming Pool: Perfect for cooling off during the hot Georgia summers

• Tennis Courts: Ideal for tennis enthusiasts and those looking to stay active

• Equestrian Facilities: Includes stables and a horse track, catering to horse lovers

• Parks and Playgrounds: Safe and fun areas for children to play

• Sidewalks and Streetlights: Ensuring safety and walkability throughout the community

Residents also benefit from the community’s proximity to local schools, shopping centers, and dining options. Covington’s historic downtown square is just a short drive away, offering a variety of unique shops and restaurants. The combination of modern amenities and a charming, small-town atmosphere makes Preakness a highly desirable place to live.

• Nearby Schools:

  • Rocky Plains Elementary School

  • Veterans Memorial Middle School

  • Alcovy High School

These schools are part of the Newton County School District, known for its commitment to providing quality education. The convenient location and excellent amenities make Preakness an attractive option for families and professionals alike.

Nearby Schools

Preakness is served by several reputable schools in the Newton County School District, making it an ideal location for families with children. The district is known for its commitment to providing quality education and fostering a supportive learning environment.

• Rocky Plains Elementary School: Serving grades PK-5, Rocky Plains Elementary is known for its strong academic programs and dedicated staff. The school focuses on creating a nurturing environment where young students can thrive.

• Veterans Memorial Middle School: Catering to grades 6-8, this middle school offers a variety of academic and extracurricular activities designed to support student growth and development. The school emphasizes the importance of community involvement and academic excellence.

• Alcovy High School: Serving grades 9-12, Alcovy High School prepares students for college and careers with a robust curriculum and a range of advanced placement (AP) courses. The school also offers various clubs, sports, and arts programs to ensure a well-rounded education.

These schools are easily accessible from Preakness, providing convenience and peace of mind for parents. Additionally, the schools’ focus on academic achievement and personal growth helps ensure that students receive a well-rounded education.

Market Trends

The real estate market in Preakness has remained steady over the past few years, reflecting the neighborhood’s desirability and strong investment potential. Here are some key market trends for Preakness:

• Median Sale Price: The median sale price for homes in Preakness has consistently been around $501,606 over the past few years. This stability in pricing indicates a healthy demand for properties in the area.

• Number of Sales: The number of home sales in Preakness has remained consistent, with an average of 3-4 homes sold per year. This steady turnover suggests a balanced market where buyers and sellers can find favorable conditions.

• Recent Sales Data:

  • 2020: 3 sales with a median price of $356,290

  • 2021: 4 sales with a median price of $448,611

  • 2022: 3 sales with a median price of $501,606

These trends highlight the strong market position of Preakness, making it an attractive option for potential buyers. The combination of stable home prices and consistent sales volume demonstrates the community’s ongoing appeal.

Overall, Preakness offers a blend of quality education, modern amenities, and stable real estate market trends, making it a top choice for families and professionals looking to settle in Covington, GA.

Property Features and Upgrades

Homes in Preakness are known for their modern upgrades and luxurious features, making them a top choice for buyers seeking both style and functionality. Here are some of the standout features you can expect to find in Preakness homes:

• Interior Features:

  • High Ceilings: 10-foot ceilings on the first floor create an open and airy feel.

  • Tile Bathrooms: Bathrooms feature high-quality tile work, adding a touch of elegance and durability.

  • Stainless Steel Appliances: Kitchens are equipped with top-of-the-line stainless steel appliances, including double ovens, gas cooktops, microwaves, dishwashers, and side-by-side refrigerators.

  • Energy Efficiency: Dual A/C units and two water heaters ensure efficient temperature control and hot water supply.

  • Spacious Layouts: Floor plans range from 2,700 to 3,600 square feet, with homes offering up to five bedrooms and four bathrooms.

• Exterior Features:

  • Brick Construction: All homes feature four-sided brick construction, enhancing both durability and curb appeal.

  • Large Lots: Properties sit on large lots, typically ranging from 1/2 acre to 1 acre, providing ample outdoor space for families.

  • Covered Patios: Many homes include covered rear patios, perfect for outdoor entertaining and relaxation.

  • Side-Entry Garages: Garages are designed with side entries, adding to the aesthetic appeal and functionality.

These features and upgrades ensure that homes in Preakness are not only beautiful but also practical and comfortable, meeting the needs of modern families.

Surrounding Area and Attractions

Preakness is conveniently located in Covington, GA, a city known for its rich history and vibrant community. Here are some highlights of the surrounding area:

• Historic Downtown Covington: Just a short drive from Preakness, downtown Covington offers a variety of shops, restaurants, and cultural attractions. The historic square is a popular destination for both residents and visitors.

• Parks and Recreation: The area boasts several parks and recreational facilities, including Chimney Park and the Newton County Turner Lake Park. These parks provide plenty of opportunities for outdoor activities like hiking, picnicking, and sports.

• Proximity to Atlanta: Preakness is located about 35 miles east of Atlanta, making it easy for residents to access the amenities and job opportunities of the larger metropolitan area while enjoying the tranquility of suburban living.

• Local Schools: As mentioned earlier, the community is served by highly-regarded schools in the Newton County School District, ensuring quality education for families.

• Nearby Communities:

  • Bentley Place: A nearby community offering additional housing options and amenities.

  • Claremont: Another residential area close to Preakness, providing a range of home styles and prices.

  • Fairview Estates: Known for its larger homes and family-friendly environment.

These nearby attractions and amenities make Preakness an appealing place to live, offering a perfect balance of convenience, recreation, and community spirit. Whether you’re enjoying a day out in historic Covington or taking a short trip to Atlanta, Preakness provides easy access to everything you need.

Recent Home Listings and Sales

Recent home listings and sales in Preakness highlight the community's robust real estate market and the value of properties in this desirable neighborhood. Here are some examples of recent listings and sales:

• 15 Granville Lane: A stunning 3,215 square foot home listed at $545,000. This five-bedroom, four-and-a-half-bathroom property showcases the luxurious living spaces typical of Preakness homes.

• 200 Barcelona Drive: Sold for $496,000, this home offers a spacious layout with modern upgrades.

• 190 Barcelona Drive: Another beautiful property that sold for $525,000, reflecting the strong market demand.

• 75 Greenwich Drive: Sold for $504,490, featuring high-end finishes and a prime location within the community.

These listings and sales demonstrate the high market value of homes in Preakness. The steady sales prices and demand underscore the neighborhood's appeal to potential buyers.

Advantages of Living in Preakness

Living in Preakness offers numerous advantages that make it an attractive place to call home. Here are some key benefits:

• High-Quality Homes: The homes in Preakness are built with four-sided brick construction and feature modern upgrades like stainless steel appliances, high ceilings, and energy-efficient systems.

• Spacious Lots: Properties sit on large lots ranging from 1/2 acre to 1 acre, providing ample space for outdoor activities and landscaping.

• Convenient Location: Preakness is located near Covington’s historic downtown, offering easy access to shopping, dining, and cultural attractions. The community is also just 35 miles east of Atlanta, making it convenient for commuters.

• Excellent Schools: The neighborhood is served by highly-regarded schools in the Newton County School District, including Rocky Plains Elementary, Veterans Memorial Middle, and Alcovy High School.

• Amenities: Residents enjoy a range of amenities, including a clubhouse, swimming pool, tennis courts, and equestrian facilities. These amenities enhance the quality of life and provide plenty of opportunities for recreation and relaxation.

• Strong Market Trends: The real estate market in Preakness has remained stable, with consistent home prices and a steady number of sales. This stability makes it a sound investment for homeowners.

Summary

Preakness in Covington, GA, is a desirable community offering a blend of modern amenities and Southern charm. Homes in Preakness are built with high-quality materials, featuring spacious layouts and luxurious upgrades. The community is known for its large lots, convenient location, excellent schools, and a range of amenities that cater to residents of all ages. The real estate market in Preakness is strong, with consistent home prices and steady demand, making it an attractive option for potential buyers. Whether you’re looking for a family-friendly neighborhood or a luxurious retreat, Preakness provides the perfect balance of comfort, convenience, and community spirit.