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Penn Estates

Penn Estates

$347,072 Average Value

A sought-after Poconos community in Penn Estates

Hidden within the forested conservation lands of the Poconos, Penn Estates is a gated community that offers a unique blend of resort-style amenities, natural beauty and investment opportunities. Located primarily in Stroud Township — with just a sliver of land zoned to Pocono Township — Penn Estates has a unique story. "The community was founded by the same developer behind Penn Hills in the Poconos," says Xander Weidenbaum, president of Redstone Run Realty. Penn Hills was the region's first iconic couples resort famed for its heart-shaped beds and romantic getaways, spurring the advertising movement that made the Poconos the "Honeymoon Capital of the World" in the mid-20th century. "Penn Estates was kind of the next step, targeting couples looking to buy in the Poconos versus just vacationing," Weidenbaum says.

Although Penn Hills permanently closed its doors in 2009, what started as a romantic resort town just 4 miles away has matured into one of the Poconos' most sought-after vacation destinations. "However, I'd say that more than half the residents still live here full-time," Weidenbaum says. Along Hallet Road, a guarded front gate greets residents and visitors around the clock, and the community has a CAP Index Crime Score of 2 out of 10, below the national average of 4. Past its entrance, winding residential roads weave past single-family mountain-style retreats hidden behind the tree line. Resort-style amenities offer convenience for both residents and visitors, while Stroudsburg features additional entertainment down the road.

Year-round residents and short-term rentals

Today, Penn Estates is a thriving, deed-restricted community with approximately 1,700 homes and at least 160 registered short-term rentals. Construction in Penn Estates began in the 1970s, spanning in waves from the mid-1980s through the early-2000s. Mid-century modern designs with vaulted ceilings and large windows sit near bi-levels and New Traditional designs on secluded wooded lots. Sales prices in the community can range from $220,000 to $600,000, with HOA fees in the $100 range. "The community's private sewer and public water systems allow for greater housing density than you'd normally find in this part of the Poconos," Weidenbaum says, "So most lots are about a third to a half an acre."

Short-term rentals are allowed and actively embraced in most of the community, making it a hotspot for investors seeking a foothold in the local vacation market. "It's especially popular since it's the closest Poconos community to the New Jersey border," Weidenbaum says. "But most rentals are primarily in the Stroud Township section of Penn Estates. The small portion zoned to Pocono Township has stricter rental regulations."

Penn Estates' amenities and surrounding recreation

Penn Estates features three artificial lakes that welcome anglers and paddleboarders under the pines. The community's largest lake, Highland Lake, features a small beach and adjacent green space with a picnic pavilion and grills. Gate cards and guest passes offer access to two seasonal outdoor swimming pools along Penn Estates Drive. Next door, Archie's Corner is a small convenience store with made-to-order subs and drinks. Farther down the road, recreational facilities include tennis courts, a basketball court, a beach volleyball court and a baseball diamond. Throughout the summer, Penn Estates features youth programs open to residents and visitors on its grounds.

The Tannersville Cranberry Bog Preserve borders the community. The preserve is managed by The Nature Conservancy and the Kettle Creek Environmental Education Center, which offers guided tours of the bog. Although the bog is only open for guided walks, the preserve boasts two public hiking trails canopied by oak, birch and maple trees. Visitors may be greeted with sights of river otters, beavers and the occasional black bear.

Outside Penn Estate's gates, ForEvergreen Nature Preserve features walking trails, nature exhibits at the Brodhead Creek Heritage Center and trout fishing along Brodhead Creek. Less than 20 miles away, the Delaware Water Gap National Recreation Area is a well-known destination with river access, hiking trails and sweeping mountain views.

About 10 miles from Penn Estates, Camelback Resort offers additional year-round recreation. In the summer, patrons can explore the trails, splash around the outdoor waterpark or zipline through the forest canopy. In the winter, 39 downhill trails welcome beginner and seasoned skiers, snowboarders and tubers.

Amenities line Pennsylvania State Route 611

Less than 6 miles away, several chain grocers like Giant and ShopRite line Pennsylvania State Route 611. Area big-box retailers range from Target to BJ's Wholesale Club, while Stroudsburg offers additional nearby shopping, dining and entertainment options.

Two school districts, one community

Two school districts serve the community. A small sliver of homes along the northwest corner of Penn Estates are zoned to Pocono Mountain School District, which scores an overall B-minus rating from Niche. However, most students attend Stroudsburg Area School District, which boasts a B-plus rating. B-rated schools include Chipperfield Elementary for kindergarten through fourth grade and Stroudsburg Middle for fifth through seventh grade. The B-minus-rated Stroudsburg Junior High serves eighth and ninth graders, while 10th through 12th graders move on to the B-plus-rated Stroudsburg High School. Ninth through 12th graders also have the opportunity to enroll in vocational programs at the Monroe Career and Technical Institute.

Getting around the Poconos

The Monroe County Transit Authority (MCTA), known as the Pocono Pony, offers public transportation around the county. However, Penn Estates is car dependent. Weidenbaum points out that there are two entrances into the community: The front gate is accessible via Hallet Road, while the back gate hugs Cranberry Road, which offers nearby access to Interstate 80. St. Luke's Hospital–Monroe Campus is less than 4 miles away, and Leigh Valley Hospital–Pocono is nearby. Lehigh Valley International Airport is the nearest airport, about 35 miles south via State Route 33.

Lillie Duston
Written By
Lillie Duston

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Schools

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Neighborhood Facts

Number of Homes in Neighborhood
12
Median Year Built
1991
Average Single Family Home Size Sq Ft
2,241
Above the national average
1,927
Median Lot Size Sq Ft
19,384

Open Houses

  • Sunday, Jul 27
    12 - 3pm

    5104 Lake Dr, East Stroudsburg, PA 18301

    $390,000

    • 5 Beds
    • 3 Baths
    • 1,914 Sq Ft
    • 5104 Lake Dr
    • New 14 days ago

    Step into a spacious and versatile 5-bedroom, 3-bathroom home nestled on a Corner Lot in the sought-after, amenity-rich Penn Estates community! Whether you're looking for a full-time residence, vacation getaway, or short-term rental (STR) opportunity, this property checks all the boxes!This home features a Primary Bedroom on main level with a large walk-in closet, and bathroom with

    Dominick Illardi Keller Williams Real Estate - Stroudsburg

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Penn Estates Has More Owners

Demographics

Total Population
4,554
Median Age
42
Population under 18
24%
On par with the national average
23.8%
Population over 65
16.7%
On par with the national average
19.1%

Finances

Median Household Income
$93,580
Above the national average
$71,702
Average Household Income
$99,567

Education and Workforce

High School Graduates
94.1%
College Graduates
24.7%
Below the national average
34.1%
Advanced Degrees
10.6%
% Population in Labor Force
72.8%
Above the national average
65.1%

Area Factors

Somewhat Bikeable

Bike Score®®

10 / 100

Car-Dependent

Walk Score®®

1 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Penn Estates