• NEAR OUTDOOR ENTERTAINMENT: Parkway Terrace is also minutes away from George Bush Park, a 7,800-acre park and wildlife sactuary. The park features a wide range of outdoor recreation options. Amenities include miles of hike and bike trails, two soccer fields, six baseball fields, a shooting range, and a field for flying model aircraft. Playgrounds, pavilions, and ponds also adorn the park.
• GREAT ACCESS TO RETAIL AND ENTERTAINMENT: West Oaks Mall is just a short drive away from the community. With around 1 million square feet of retail space, the mall features 110 stores, restaurants, and entertainment hubs. Anchor stores include Macy’s, Sears, Dillards, and Palais Royal, among others. Parkway Villages Shopping Center, on the other hand, is just outside the community.
• RISING PROPERTY VALUES: Parkway Terrace real estate have steadily appreciated over the past decade, posting a median sales price of over $700,000.

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.

Parkway Terrace Maps and Location

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.)

Parkway Terrace Schools

Elementary Schools

Middle Schools

High Schools

Parkway Terrace Houston Private Schools

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 Trends

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.

Parkway Terrace Single-Family Home Sale Trends

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.

Parkway Terrace Townhomes Sale Trends

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.

Parkway Terrace Condo Sale Trends

There are no high rise condos in Parkway Terrace, but there condo units available in the surrounding areas including:

To see other condos within the Inner Loop and the Memorial area, see: Inner Loop Houston Condos and Memorial Houston Condos.

Parkway Terrace TX History

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.

Fun Things To Do Near Parkway Terrace

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.

Top Parkway Terrace Realtor – Paige Martin

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.