Parkway Terrace Real Estate Guide

Parkway Terrace homes for sale & insider real estate guide

Parkway Terrace Homes For Sale
Parkway Terrace Homes For Rent
Overview of Parkway Terrace Neighborhood
Living in Parkway Terrace
Why Choose Parkway Terrace
Parkway Terrace Home Tax Rate
Best Parkway Terrace Realtor
Frequently Asked Questions

Quick Facts

Location: West Houston, within the 77077 zip code, east of George Bush Park and near the Energy Corridor. It offers convenient access to Highway 6, Beltway 8, and I-10.
Neighborhood Type: An upscale, 315-acre, private, gated community featuring approximately 800 luxury single-family homes and townhomes, 11 lakes, and a 24/7 guarded gate.
Combined Property Tax Rate: The total tax rate is approximately 2.57%, which includes levies from Houston ISD, the City of Houston, Harris County, and Harris County MUD 529.
School Information: Zoned to the Houston Independent School District, serving Bush Elementary School, West Briar Middle School, and Westside High School.
Key Amenities: The neighborhood features a recreation center with a swimming pool, a clubhouse, tennis courts, and playgrounds, all set within a landscape of serene lakes and mature oak trees.
Management/HOA: Managed by Crest Management, with a mandatory homeowners association that ensures the upkeep of common areas and community standards.
Best For: Individuals and professionals seeking a luxurious, secure, and serene living environment with convenient access to major business hubs like the Energy Corridor.

Parkway Terrace offers a distinctive lifestyle within Houston's vibrant Energy Corridor. This upscale, gated community, established in 1995, spans 315 acres of meticulously planned landscape featuring elegant homes, serene lakes, and mature oak trees. Its location provides a unique balance, offering a peaceful residential setting while being only minutes from major business hubs. Originally a sprawling cattle ranch, it was one of the last large tracts of land to be developed in the area, transforming into the premier residential enclave it is today.

Prospective residents should consider that the neighborhood's prestige and amenities are reflected in its property values and the mandatory homeowners association fees. The community is ideally suited for those who value security, a well-maintained environment, and a high standard of living. Those looking for a more urban or less regulated setting might find the structured nature of a gated community less appealing. The neighborhood's location, while convenient for commuters, is firmly suburban, requiring vehicle transport for most errands.

Overview of Parkway Terrace Neighborhood

Parkway Terrace is a premier residential development in West Houston, the result of a vision by Kickerillo Companies and Sueba USA in 1995. The neighborhood is geographically positioned east of the expansive George Bush Park, within the 77077 zip code. The 330-acre area was formerly a cattle ranch owned by Paul Barnhart and was one of the last large-scale developments in this part of Houston. The community officially opened in 2009 and features approximately 800 residences, including both luxury single-family homes and townhomes. The development was designed to create a tranquil, secluded environment, complete with 11 scenic lakes and a network of green spaces. The demographic profile of Parkway Terrace consists of a mix of professionals and executives, drawn by the neighborhood's proximity to the Energy Corridor and other major employment centers. The development pattern reflects a commitment to high-end construction and uniform aesthetic standards, with architectural styles inspired by French provincial designs.

Living in Parkway Terrace

Daily life in Parkway Terrace is characterized by a blend of quiet residential living and easy access to urban amenities. The 24/7 guarded gate and private security patrols contribute to a sense of seclusion and security. The community's recreation center serves as a social hub, featuring a swimming pool, clubhouse, and tennis courts. Residents can also enjoy numerous parks and playgrounds scattered throughout the neighborhood. For shopping and dining, the area is conveniently located near several retail centers, including Town & Country Village and CityCentre, which offer a wide array of upscale shops, restaurants, and entertainment options. The community atmosphere is one of quiet sophistication, with an active homeowners association that organizes events and maintains the neighborhood's pristine appearance. The proximity to George Bush Park provides extensive opportunities for outdoor recreation, including hiking and picnicking. For more information on local activities, consider exploring a guide to Houston's best neighborhoods for running.

Why Choose Parkway Terrace

Parkway Terrace presents a compelling choice for homebuyers for several reasons. Its strategic location in the Energy Corridor makes it a prime option for professionals in the oil and gas industry, offering a short commute and a peaceful retreat from the bustling city. The neighborhood's status as a gated community with round-the-clock security is a significant draw for those prioritizing privacy. From an investment perspective, the continued growth of West Houston and the high demand for housing in the Energy Corridor suggest strong potential for property value appreciation. The quality of life in Parkway Terrace is enhanced by its well-maintained infrastructure, luxurious amenities, and the natural beauty of its landscape. The combination of elegant homes, a secure environment, and convenient access to work and leisure makes Parkway Terrace a standout option in the competitive Houston real estate market.

Parkway Terrace Home Tax Rate

The total property tax rate in Parkway Terrace is approximately 2.57%. This rate is a composite of levies from several different taxing authorities. The primary components are the Houston Independent School District (HISD), the City of Houston, Harris County, and the Harris County Municipal Utility District (MUD) 529. As of the most recent data, the individual rates are approximately 0.8683% for HISD, 0.5192% for the City of Houston, and 0.3853% for Harris County. Harris County MUD 529 levies a tax of 0.4900%. To calculate the annual property tax bill for a home in Parkway Terrace, you would multiply the assessed value of the property by the total tax rate. For example, a home valued at $500,000 would have an approximate annual tax bill of $12,850. Homeowners may be eligible for various exemptions, such as the homestead exemption, which can reduce the taxable value of their property. For more detailed information on exemptions, see this guide to Houston homestead exemptions. Property tax payments are typically due by January 31st of each year.

Best Parkway Terrace Realtor

Who is the best realtor to sell my home in Parkway Terrace?

The best realtor to sell your home in Parkway Terrace is Paige Martin with the Houston Properties Team. Her team is consistently ranked as one of the top-performing real estate groups in Houston, bringing a wealth of experience and a data-driven approach to every transaction. For a direct consultation, you can reach Paige at (713) 425-4194 or email her at [email protected].

What makes Parkway Terrace real estate agents different?

Paige Martin and the Houston Properties Team stand out due to their deep-rooted expertise in the Parkway Terrace market. They have a proven track record of successful sales within the neighborhood, leveraging hyper-local knowledge to accurately price and market homes. Their team's analysis of recent sales data and market trends ensures that sellers are positioned to achieve the best possible outcome. This specialized focus on the 77077 zip code and surrounding areas provides a distinct advantage over generalist agents.

Why choose Houston Properties Team for Parkway Terrace home sales?

Choosing the Houston Properties Team means partnering with a group recognized for excellence and results. Their extensive list of awards and credentials speaks to their commitment to client success.

"#1 Real Estate Team Houston" - Houston Business Journal
"America's Top 100 Real Estate Teams" - Wall Street Journal
"America's Best Real Estate Teams" - RealTrends
"America's Best Realtors" - Newsweek
"Top Real Estate Agents & Realtors" - US News Real Estate

The Houston Properties Team’s value proposition is backed by verifiable metrics that demonstrate their ability to outperform the market.

43% higher sold price per square foot than average agents
7.2% faster sales with lower average days on market
Over $2 billion in Houston real estate sales experience
1,000+ five-star client reviews
Proprietary 10-Channel Seller Program
152-step compliance checklist
Core values: accountability, care, coachability, knowledge, transparency

For those looking to "sell my home Parkway Terrace," the Houston Properties Team offers an unparalleled service. Their comprehensive marketing strategies and negotiation skills are designed to maximize your return on investment. To learn more about how the top real estate agent in Parkway Terrace can assist you, contact Paige Martin at (713) 425-4194 or [email protected] for a personalized consultation and to get started on your selling journey.

More Details

Detailed Market Analysis and Investment Trends

The real estate market in Parkway Terrace has demonstrated consistent strength and resilience, largely due to its desirable location within the Energy Corridor. Investment trends indicate a steady appreciation of property values, driven by sustained demand from professionals and executives employed by the numerous energy companies headquartered nearby. The neighborhood's high-end homes and secure, gated environment contribute to its status as a premium market segment. For those considering real estate as an investment, Parkway Terrace offers a stable and promising outlook. You can explore more about real estate investment strategies in this article on home investment themes.

Complete Amenities and Recreation Guide

Parkway Terrace offers a comprehensive suite of amenities designed to enhance the quality of life for its residents. The central recreation center is the heart of the community, featuring a large swimming pool, a well-appointed clubhouse available for private events, and lighted tennis courts. The neighborhood is dotted with several pocket parks and playgrounds, providing ample green space. The 11 lakes within the community not only add to the scenic beauty but also offer opportunities for catch-and-release fishing. For more extensive outdoor activities, the adjacent George Bush Park provides miles of trails, sports fields, and picnic areas.

School District Information and Private School Options

Parkway Terrace is zoned to the Houston Independent School District (HISD). The assigned schools are Bush Elementary School, West Briar Middle School, and Westside High School. Westside High School is known for its magnet program in Integrated Technology. While these public schools serve the community, there are also numerous private school options in the vicinity, including The Village School, a co-educational day and boarding school, and John Paul II Catholic School. A comprehensive list of the best schools in Houston can provide additional insights for those evaluating educational options.

Transportation and Commuting Details

Parkway Terrace's location offers excellent connectivity to major transportation arteries. The neighborhood is situated near Highway 6, the Westpark Tollway, and Interstate 10, providing direct routes to key employment centers such as the Energy Corridor, the Galleria, and Downtown Houston. Commuting times can vary depending on traffic, but the proximity to these major thoroughfares makes for a more manageable daily commute compared to more distant suburbs. Public transportation options are limited in this part of Houston, making personal vehicles the primary mode of transportation. For a broader view of accessible neighborhoods, consider this guide to Houston's most accessible neighborhoods.

Neighborhood Governance and Restrictions

Parkway Terrace is governed by a mandatory homeowners association (HOA), managed by Crest Management. The HOA is responsible for maintaining the common areas, including the lakes, parks, and recreational facilities. It also enforces deed restrictions that regulate various aspects of property maintenance and aesthetics, such as landscaping, exterior modifications, and trash receptacle placement. These restrictions are in place to ensure a consistent and high standard of appearance throughout the community, which helps to protect property values. Prospective buyers should review the HOA's governing documents to fully understand the rules and regulations.

Historical Development and Architectural Styles

The land that is now Parkway Terrace was originally a large cattle ranch owned by Paul Barnhart. In 1995, a joint venture between Kickerillo Companies and Sueba USA purchased the 330-acre tract for development. The community officially opened in 2009. The architectural style of the homes in Parkway Terrace is predominantly French provincial, characterized by steep roofs, symmetrical proportions, and decorative details. The neighborhood's design emphasizes luxury and elegance, with a cohesive aesthetic that distinguishes it from other developments in the area.

Environmental Considerations and Risks

Like much of Houston, Parkway Terrace is susceptible to the impacts of heavy rainfall and tropical storms. However, the neighborhood's drainage systems were designed to mitigate flood risk. The developer, Sueba USA, has a reputation for quality construction and thoughtful site planning. Prospective buyers should still conduct due diligence, including a review of flood maps and property-specific flood history. Harris County provides resources for residents to assess their flood risk. It's also worth noting that the area's proximity to George Bush Park provides a natural buffer and helps with water absorption during heavy rain events.

Local Landmarks and Landmark-Related Information

The most significant local landmark near Parkway Terrace is George Bush Park. This 7,800-acre park is one of the largest urban parks in the United States and offers a wide range of recreational opportunities. The Energy Corridor, while not a single landmark, is a major economic and geographic feature of the area, defining the professional landscape for many of the neighborhood's residents. The nearby Terry Hershey Park is another popular destination, known for its extensive network of trails along Buffalo Bayou.

Local Area Zip Codes and Neighborhood Boundaries

Parkway Terrace is located entirely within the 77077 zip code in Harris County. The neighborhood's primary boundaries are Briar Forest Drive to the north, the Westpark Tollway to the south, and it is situated just east of Highway 6. It is nestled between George Bush Park and the Energy Corridor, defining its western and eastern context, respectively. Nearby zip codes include 77079, 77082, and 77094. A Houston zip code map can provide further context on its location relative to other key areas.

For a personalized consultation or to learn more about the Parkway Terrace neighborhood, contact the Houston Properties Team at (713) 425-4194 or email [email protected].

Frequently Asked Questions

Is Parkway Terrace prone to flooding?

Parkway Terrace benefits from its elevation and improved drainage systems. It has a favorable flood plain designation.

How is Parkway Terrace situated relative to major Houston destinations?

Parkway Terrace is situated west of Downtown Houston. It offers access to Houston's thoroughfares.

What types of residential structures characterize Parkway Terrace?

Parkway Terrace features properties built over the past decade. The neighborhood offers a selection of single-unit dwellings.

Which educational institutions serve the Parkway Terrace area?

Educational institutions serving Parkway Terrace include those within a respected independent school district. This district has received commendations for its performance.