2

Southmoreland Homes for Sale

Section Image
  • /48

    $469,900

    • 4 Beds
    • 2.5 Baths
    • 5,448 Sq Ft

    66 Eastmoreland Dr, Decatur, IL 62521

    Experience lakeside living at its finest with this well-maintained property featuring 100 feet of reinforced seawall and a 30-foot covered boat dock w/ electric hoist. The outdoor space offers a sparkling in-ground pool with solar cover, a decorative fence, expansive patio, and a charming gazebo for relaxation. Inside, you’ll find a welcoming floor plan with updated flooring, family room accented

    Aaron Warner Main Place Real Estate

    66 Eastmoreland Dr, Decatur, IL 62521
  • /46

    $644,897

    • 4 Beds
    • 3.5 Baths
    • 4,207 Sq Ft

    409 Southmoreland Place, Decatur, IL 62521

    This beautifully updated 4-bedroom, 3.5-bath lakefront estate blends 1940 craftsmanship with modern elegance. Situated on a huge lot with mature trees and refined landscaping, this property offers breathtaking lake views, direct access to the water, and a rebuilt dock with boat hoist. Inside, you’ll find hardwood floors, an updated granite kitchen, new windows, and a finished basement with an

    Taylor Corrie RE/MAX Executives Plus

    409 Southmoreland Place, Decatur, IL 62521

Why Live in Southmoreland

Southmoreland, a neighborhood in Decatur, is characterized by its spacious yards and midcentury ranch homes, with some contemporary designs along the lakeside. Streets named "Road 1" or "Road 2" enhance the area's sense of privacy, with many properties exceeding half an acre. Although there are no public parks within Southmoreland, residents enjoy a common grassy area by the lake and can visit Nelson Park, just over a mile away, for extensive recreational activities including an outdoor amphitheater and water park. Dining options are not available within the neighborhood, so residents travel 2 miles to downtown Decatur, where popular spots like The Gin Mill and Coney McKane's offer diverse dining experiences. For groceries, a Kroger is less than 2 miles away, with additional options 4 miles across Lost Bridge Road. Southmoreland's lakeside location provides community access points to Lake Decatur, including the Commodore Decatur Yacht Club, which offers sailing lessons and seasonal events. However, homes along the shore face a slight flood risk and typically require flood insurance. The neighborhood is conveniently located near St. Mary's Hospital, which is undergoing significant renovations, and at the start of Lost Bridge Road, providing easy access to Mt. Zion and Decatur Airport. Students have the option to attend St. Teresa High School, a private institution 4 miles away, which is highly rated with a 100% graduation rate.

Frequently Asked Questions

Is Southmoreland a good place to live?
Southmoreland is a good place to live. Southmoreland is considered very car-dependent and somewhat bikeable. Southmoreland is a suburban neighborhood. Southmoreland has 2 parks for recreational activities. It has a median age of 48. The average household income is $65,794 which is below the national average. College graduates make up 30.2% of residents. A majority of residents in Southmoreland are home owners, with 20.4% of residents renting and 79.6% of residents owning their home. A local real estate agent serving Southmoreland can help you decide if this neighborhood is the right one for you. Learn more on our Southmoreland neighborhood guide.
How much do you need to make to afford a house in Southmoreland?
The median home price in Southmoreland is $271,250. If you put a 20% down payment of $54,200 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $1,340 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $57K a year to afford the median home price in Southmoreland. The average household income in Southmoreland is $66K.
What are the best public schools in Southmoreland?
The best public schools that serve Southmoreland are:
What are the best private schools in Southmoreland?
The best private schools that serve Southmoreland are:
What are the most popular zip codes in Southmoreland, Decatur, IL?
The most popular zip codes in Southmoreland, Decatur, IL include 62521, 62522, 62526, 62549 and 62554.
What are the most popular neighborhoods near Southmoreland, Decatur, IL?
The most popular neighborhoods near Southmoreland, Decatur, IL are Saint Mary's, Bayshore, Lions Park, Lost Bridge and South Shores.

Home Trends in Southmoreland, IL

Housing Trends

Median Sale Price
$255,000
Median Single Family Sale Price
$274,000
Average Price Per Sq Ft
$109
Number of Homes for Sale
2
Last 12 months Home Sales
9
Months of Supply
2.70
Median List Price
$271,250
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
20%
How to Buy a Home How to Finance a Home How to Sell a Home