Parkway Terrace Houston Real Estate
One of Houston’s Best Gated Communities, Parkway Terrace is an upscale subdivision popular for its great schools, luxury homes, and excellent accessibility.
One of Houston’s Best Gated Communities, Parkway Terrace is an upscale subdivision popular for its great schools, luxury homes, and excellent accessibility.
The upscale gated community of Parkway Terrace covers a 315-acre area just east of George Bush Park. It is made up of around 800 luxury homes and townhomes.
Parkway Terrace homes remain popular thanks to:
Buying or selling a home in Parkway Terrace can be tricky due to the neighborhood’s variety of home options and rising property values. Some of the subdivision’s luxury homes tend to sell at a premium, while townhomes and patio homes in the area can sell for lower prices.
Contact Paige Martin, a Top Realtor in Houston, if you’re looking to buy or sell a home in Parkway Terrace.
One of Houston’s Best Gated Communities, Parkway Terrace is known for its great schools, variety of luxury home options, and proximity to the Energy Corridor.
Parkway Terrace covers a 315-acre area just off Briar Forest Drive. It sits west of Eldridge Parkway, north of Westheimer Road, and east of Addicks-Howell Road (Highway 6).
Made up of around 800 luxury homes and townhomes, the Parkway Terrace is a gated community with 24/7 security. Nearby neighborhoods and communities include Sweet Lake, West Hampton Estates, Oakpark Place, Westbend, and Oak Park Ridge. The Memorial area is north of the community.
Parkway Terrace is located about 2 and a half miles away from the Energy Corridor, one of Houston’s main employment centers. The Westchase Business District, on the other hand, is around 4 miles away.
The gated community is nestled east of George Bush Park, a 7,800-acre green space with several amenities. Playgrounds, pavilions, sports fields, miles of hike and bike trails, and a shooting range are popular options within the park.
For retail, dining, and entertainment options, residents can take a short drive to West Oaks Mall or Market Square at Eldridge Parkway. Parkway Villages Shopping Center is just outside the community.
The community features 11 lakes: Lake Envy, Majestic Lake, Swan Lake, Teal Lake, Diamond Lake, Teal Lake, Palm Lake, Emerald Lake, Oak Lake, Pearl Lake, and Opal Lake. Other community amenities include a recreation center, a swimming pool, paved jogging trails, and tennis courts.
Parkway Terrace Houston has a 77077 zip code. (View Houston zip code map.)
West of Parkway Terrace
North of Parkway Terrace
East of Parkway Terrace
South of Parkway Terrace
Parkway Terrace homes are zoned to the Houston Independent School District (HISD).
Established in the 1920s, Houston ISD is the largest school district in the state (with 283 schools). The Texas Education Agency (TEA) gave the district a “Met Standard” rating in 2016.
Barbara Bush Elementary, one of the Best Schools in Houston, serves the community.
Parkway Terrace is also near some excellent private schools. Listed below are some of them:
To find an updated listing of all Parkway Terrace real estate zoned to any specific public school, please send an email to Paige Martin at Paige@HoustonProperties.com with the property preference and budget that you’re working with.
*Note: School zoning tends to change from year to year, information provided above are accurate but not guaranteed. Please double check by visiting the school’s website.
Parkway Terrace real estate have continued to appreciate over the last 10 years. Built out in 2009, the median sales price of homes in the subdivision is at over $700,000.
Parkway Terrace homes have continued to sell well, thanks to its popularity. The neighborhood’s proximity to the Energy Corridor (with over 20 million square feet of office space and more than 80,000 employees) and George Bush Park (a great outdoor activity hub) and its access to the highly rated Barbara Bush Elementary are among its best draws.
(Data sourced from the Houston Association of Realtors Multiple Listing Service and is deemed reliable but not guaranteed.)
For updated information regarding Parkway Terrace real estate pricing and trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
Homes in Parkway Terrace are relatively new, built between 1996 and 2009. Most are single-family homes, though there are also townhomes in the gated neighborhood.
Parkway Terrace homes typically sit on large lots, ranging from 8,000 to over 14,000 square feet. Floor plans vary, but most feature 4 bedrooms with 4 baths. Home sizes are from 3,000 to upwards of 8,000 square feet.
Luxury properties in the area often offer upscale amenities, including formal living and dining areas, large master suites, landscaped grounds, lake views, and swimming pools.
Architectural styles vary and most are traditional. Some draw inspiration from Mediterranean aesthetics.
Prices for Lakes for Parkway homes for sale vary widely. Some of the area’s smaller properties can start at around $450,000. The most expensive real estate in the community can go for upwards of $2,000,000.
The gated community features some sections with townhomes. Parkway Terrace townhomes are typically smaller compared to their single-family home counterparts.
An average townhome in the community can feature 3 to 4 bedrooms, spread over 3,000 square feet of living space. Lot sizes are at around 3,500 square feet. Common features include landscaped front yards, lake views, balconies, and porches.
Parkway Terrace townhomes for sale are generally more affordable, starting at around $400,000.
To see other condos within the Inner Loop and the Memorial area, see: Inner Loop Houston Condos and Memorial Houston Condos.
Development for Parkway Terrace started in 1995, spearheaded by Kickerillo Companies and Sueba USA. Prior to the area’s development, Paul Barnhart owned the 330-acre tract of land.
As with most west Houston neighborhoods, the tract was rural/agricultural. It was previously a cattle ranch, and it was one of the last big tracts of land to be developed in the area.
Kickerillo purchased the homesites to develop homes in the subdivision. The homebuilder offered a variety of floor plans, designs, and price points. Parkway Terrace was completed in 2009.
Today, the community is among the most popular gated communities in the west Houston area. Its proximity to both the Energy Corridor and Westchase, as well as its great schools, continue to draw homebuyers to the area.
Parkway Terrace features a great set of community amenities, so residents don’t have to travel far for outdoor recreation options. The community offers 11 lakes, jogging trails, a recreation center, a swimming pool, and tennis courts.
George Bush Park, a 7,800-acre nature reserve and park, is just west of the neighborhood. The park features a variety of amenities, including miles of hike and bike trails, two soccer fields, six baseball fields, a shooting range, and a field for flying model aircraft. The park also has a number of playgrounds, ponds, and pavilions.
For retail, residents can take a short drive to West Oaks Mall or Market Square at Eldridge Parkway, both along Westheimer Road.
West Oaks Mall, opened in 1984, features about 1 million square feet of retail space. Anchor stores include Dillards, Edwards Theatre, Fortis College, Macy’s, Palais Royal, and Sears. With over 110 stores, the mall hosts community events and provides a great number of dining and entertainment options.
Parkway Villages Shopping Center is just outside the community.
Must-visit places in and around Parkway Terrace include:
As featured on Fox News in the Morning, Houston Business Journal and Houston Magazine, Paige Martin, a consistent Top Producing Broker-Associate and head of the Houston Properties Team, is ranked as one of the top residential real estate agents in the world.
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