Houston is the fourth largest metropolis in the country. With a booming economic climate, a solid job creation base thanks to the medical industry, and an all around lower cost of living, the residents of Houston are truly enjoying the sweeter side of life.
Buoyed by a high demand, the luxury home and condo market in Houston is expanding in response. This is good news for military veterans looking for a great high-value investment opportunity.
A Booming Market
The market for luxury homes and condos in Houston continues to enjoy a robust demand. Houston has remained the top city in Texas in terms of luxury home sales despite recent downturns in the price of oil, which usually affects the local real estate market. As a whole, Houston’s luxury home market ranks among the highest in the country.
The Best of Luxury Homes
The sheer variety of luxury homes in Houston is astounding. Luxury homes abound in prestigious neighborhoods like Avalon Place, Glen Cove, Monticello, Oak Estates, Rice Court, River Oaks, Royden Oaks, Southampton Place, Tanglewood, and West University Place.
Among the most expensive streets to live on in Houston include Lazy Lane Boulevard in the exclusive River Oaks neighborhood, with a median home value in excess of $15 million. Lazy Lane Boulevard is the only street in Texas to be included in Zillow’s list of the Top 15 most expensive streets.
Other expensive streets in Houston include Carnarvon Drive in the affluent Memorial neighborhood; River Oaks Boulevard in River Oaks; Timberwilde Lane in Hunters Creek Village; and Knollwood Drive in River Oaks. Carnarvon Drive has the distinction of having the most expensive home ever listed in the Houston real estate market, Chateau Carnarvon.
The Best of Luxury Condos
Condominiums are steadily becoming some of the most sought-after luxury properties to own in Houston. In fact, Houston’s condo market is outpacing the single-family housing market, and currently ranks at number 3 among cities with the fastest-growing condo values in the United States.
Yet while Houston condo values are skyrocketing, they are still relatively affordable compared to most major cities. This has prompted developers to capitalize on condos and build luxury properties that define the best of what an urban lifestyle has to offer. Luxury condos are seeing a brisk spike in sales as more and more luxury condos join the cityscape.
Most Houston luxury condos and penthouses are located in Houston’s Inner Loop, within the neighborhoods of River Oaks, Upper Kirby, and West University Place, as well as Tanglewood, and The Galleria/Uptown Park. Some of the premier residential high rise buildings in the city include: 2727 Kirby, Astoria, Four Leaf Towers, Four Seasons Residences Houston, Montebello, The Huntingdon, and Villa D’Este.
A luxury condominium can make a great home for a military veteran looking for maximum comfort, convenience, and accessibility in one gorgeous package.
Experts in Luxury Homes and Condos | USVA Specialists – Houston VA Realtor
Let us help you get your dream luxury home in Houston using your VA home loan benefits. Get in touch with our team at USVA Realty today.