Housing markets across the Miami Valley are usually described by their medians, but the ceiling says just as much about where demand is willing to go. In Mason’s Chestnut Hill, a five-bedroom custom home just moved that ceiling to $1,175,000.
A $1,175,000 Close That Tops Mason’s Last 12 Months
A median tells you what the typical house costs. A ceiling tells you what a market will pay when the right home comes along. On October 29, 2026, the ceiling in Mason moved: 4727 Medallion Way, a five-bedroom custom home in the Chestnut Hill 2-C subdivision, closed at $1,175,000. That is the highest price among the 108 sales recorded in Mason over the past 12 months, and a new high for the area.
The home came to market at $1,275,000 and found its buyer in 32 days. The final price landed $100,000 under the list price, a difference of 7.8%, and it still cleared every other sale in the neighborhood’s 12-month record. In a market where the typical home sold for $443,500, this one closed 165% above the median, more than two and a half times the price of the middle of the market.
The house itself is a 2005 build with 5 bedrooms, 4 full baths and 5,644 square feet of finished space, sitting on a roughly 0.60-acre cul-de-sac lot. Those numbers explain the price on their own. At $208 per square foot, the sale is priced almost exactly in line with the neighborhood’s median of $204 per square foot. The size of the home, more than any premium per foot, is what carried it to the top of the board.
What follows is a look at what the buyer got, how the number sits against Mason’s recent sales, and what a new high means for the next seller on a large lot.
Five Bedrooms Across Three Levels of Living Space
The listing describes 4,644 square feet above grade plus roughly 1,000 square feet of finished lower level, which adds up to the 5,644 square feet on record. The floor plan is organized around separate living spaces rather than one big open room, so a household can spread out without everyone sharing a single area.
The kitchen connects to a breakfast area and to a hearth room finished with coffered ceilings and custom trim. A separate two-story great room gives the main level a second gathering space with a lot of vertical light. Having both a hearth room and a great room is the kind of layout that handles a quiet weeknight and a full holiday table equally well.
The primary suite is on the first floor. It has a vaulted ceiling, a spacious bath and direct access to the patio. A first-floor primary is one of the most sought-after features in a large home, and here it sits apart from the three bedrooms upstairs.
Upstairs, one of those three bedrooms is ensuite and the other two share a bath. That arrangement gives the second floor a private guest or teen suite alongside a more traditional pair of bedrooms.
The finished lower level has 9-foot ceilings, which is taller than most basements manage and makes the space feel like a true floor of the house. It holds the fifth bedroom, a full bath, a wet bar, and separate media and game areas. Count the bedrooms and baths and the totals match the record: a primary suite, three upstairs bedrooms and a lower-level bedroom make five, with four full baths spread across the three levels.
The Lot, the Stone Fireplace and a Three-Car Garage
Outside, the property sits on a large cul-de-sac lot of about 0.60 acres. The listing points to mature trees, a sense of privacy and a stone fireplace in the yard. A lot that size at the end of a cul-de-sac is a different product than the standard subdivision parcel, and it is a large part of what separates a $1,175,000 sale from the rest of the neighborhood’s activity.
The home also has a three-car garage, another feature that tends to show up in the top tier of any suburban market. Together with the lot, it supports the idea that this was a sale about space: space inside across three levels, and space outside on a mature, private parcel.
The listing also notes the setting around the house. Chestnut Hill residents have access to Fleckenstein Park and a neighborhood pool. The property is in Deerfield Township, and the listing highlights that there is no earnings tax. For buyers comparing large homes across the region, that last point is a line item they tend to run the numbers on, and it appears right in the listing’s own summary.
The listing calls the home move-in ready. In practice that means the buyer who closed on October 29 had a finished home from the first day, with fresh paint, a completed lower level and a list of recent improvements described in the next section.
Recent Improvements Behind the Fresh Paint
Large homes get scrutinized for what is behind the walls, and the listing addresses that directly. Along with fresh paint, it cites improvements to the roof, HVAC, water heater, water softener and sump pump. Those are the systems that typically produce the biggest bills and the toughest inspection conversations on a home in its second decade.
This house was built in 2005, so a buyer in 2026 is looking at a home that is no longer new but has been kept current on the items that matter most. A sump pump upgrade is a quiet but relevant detail for a home with a finished lower level, because that is the part of the house a buyer wants to feel confident about. The 9-foot ceilings, bedroom, bath, wet bar and media and game areas down there are only as useful as the dry, reliable space they sit in.
Taken together, the list helps explain how a $1,275,000 listing turned into a $1,175,000 sale in 32 days. Buyers in this price range tend to compare a home against what it would cost to bring it up to the same condition, and a home that arrives with the major systems already addressed makes that comparison easier to settle.
The Sale Against Mason’s Numbers
Mason’s 12-month record gives the sale a clear frame. Across 108 sales, the median price was $443,500, the median price per square foot was $204, and the median time on market was 31 days. This home sold at $1,175,000, at $208 per square foot, after 32 days.
Two of those three comparisons are the story. First, the price per square foot is within a few dollars of the neighborhood median. A buyer paying a million-dollar-plus price did not pay a million-dollar-plus premium per foot; the total is large because the house is large, at 5,644 square feet against homes in the nearby sales that run roughly 1,600 to 3,000.
Second, the time on market is nearly identical to the median. A home priced at more than two and a half times the typical sale took only one day longer than the typical home to find a buyer. The top of a market is usually thinner and slower, because fewer buyers are shopping at that level. A 32-day sale suggests the pool was deep enough to meet the asking range.
The rank is the headline: 1 of 108. In a neighborhood with that many closed sales in a year, finishing first is not a rounding error. The sale of 4727 Medallion Way is the highest price Mason has posted in the period, and every appraiser, lender and agent working a large home in the area now has a fresh data point at the very top of the range.
The Closest Recent Comparables
The nearest comparables in the past few weeks show how far this sale sits above the surrounding market. The strongest was Tarton Fields Lane, a five-bedroom home with 2,988 square feet that sold for $780,000 on October 27, 2026, two days before this closing. The sale on Sarah Drive, a four-bedroom with 2,844 square feet, closed at $675,000 on October 30, the day after.
Both of those are strong results by Mason standards, and they put the two nearest large-home sales within a four-day window of 4727 Medallion Way. Medallion Way is about 1.9 times the square footage of Tarton Fields Lane and closed at roughly 51 percent more. On a per-foot basis, the Tarton Fields Lane sale works out to about $261 and the Sarah Drive sale to about $237, against $208 here. In other words, the smaller homes commanded a higher rate per foot, which is typical when size increases and the buyer pool narrows, and which makes the total reached on Medallion Way more notable.
Closer to the middle of the market, three-bedroom homes of about 1,600 square feet closed in October at figures such as $435,000 on Revere Court and $410,000 on Grand Cypress Way. Those sales sit right at the neighborhood median of $443,500, which shows just how wide the spread is between a typical Mason sale and the one on Medallion Way.
The five sales closed between October 9 and October 30, a busy stretch that ran from about $255,000 up to $780,000, with this $1,175,000 sale sitting above all of them.
What a New High Means for Mason
A sale like this does not change the median, which is built from 108 transactions. What it changes is the top of the comparison set. Homes with large lots, finished lower levels and three-car garages now have a recent, closed sale at $1,175,000 to point to, and that is a more useful reference than a list price alone. The home was listed at $1,275,000 and closed at $1,175,000, so the market has now shown both the asking number and the number a buyer actually paid.
The sale also shows how Mason’s range holds together. A typical home trades near $443,500, strong larger homes trade between roughly $675,000 and $780,000, and a rare, fully finished custom property on more than half an acre has now reached $1,175,000. That ladder gives sellers at each level a clearer sense of where they stand.
For the broader Miami Valley, Mason’s top-of-market result is a reminder that demand for well-kept, move-in-ready homes is not limited to the entry level. A 32-day sale at this price, with the major systems updated and the space fully finished, is the kind of result that supports confidence in the market for larger homes across the region.
The sale of 4727 Medallion Way is a 2005 custom home, a 0.60-acre cul-de-sac lot and a record-setting close for Mason, all on one street in Chestnut Hill.
Recognizing the Professionals Behind the Outcome
Listing agent Carol Grubb of Comey & Shepherd REALTORS brought the home to market, and Test Member of Test Office represented the buyer. Results like this come from careful pricing, strong presentation and steady work through closing, and both sides of the deal deserve recognition.
Listing data courtesy of Dayton REALTORS® MLS. Information deemed reliable but not guaranteed.
More Common Questions About Mason
Here are practical answers about this sale and the Mason housing market, based on the numbers from the past 12 months.
How much did 4727 Medallion Way sell for?
It sold for $1,175,000 on October 29, 2026. The list price was $1,275,000, so the sale closed $100,000, or 7.8 percent, below list after 32 days on the market.
Is this the highest sale in Mason?
Yes, for the past 12 months. Of the 108 sales recorded in Mason over that period, this one ranks first, ahead of the next nearest large-home sales on Tarton Fields Lane at $780,000 and Sarah Drive at $675,000.
How does the price compare with the typical Mason home?
The median sale price in Mason over the past 12 months is $443,500. This sale came in 165 percent above that figure. The median price per square foot is $204, and this home sold at $208 per square foot.
How big is the home and what does it include?
The home has 5 bedrooms, 4 full baths and 5,644 square feet, including about 4,644 square feet above grade and roughly 1,000 square feet of finished lower level. It was built in 2005 and sits on about 0.60 acres at the end of a cul-de-sac, with a three-car garage.
How long do homes usually take to sell in Mason?
The median time on market over the past 12 months is 31 days. This home sold after 32 days, nearly the same pace as the typical sale, despite the much higher price.
What updates did the home receive before the sale?
The listing cites fresh paint and improvements to the roof, HVAC, water heater, water softener and sump pump. The finished lower level has 9-foot ceilings, a fifth bedroom, a full bath, a wet bar and media and game areas.
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