Written by Houston Business Journal
If you live on Lazy Lane Boulevard, you’re living on one of the most expensive streets in America, according to a new report.
The half-mile street, located in Houston’s tony River Oaks neighborhood, ranks No. 4 nationally for having the highest median home price, according to Zillow Inc. (Nasdaq: Z). Homes on Lazy Lane Boulevard have a median home value of $15.4 million.
Lazy Lane Boulevard was the only street in Texas to crack Zillow’s top 15 most expensive streets list. The priciest street nationally was Indian Creek Island Road in Miami with a median home value of $21.5 million, according to the Seattle-based online real estate company.
Zillow also released a city-level analysis of the most exclusive streets in Houston. Local Realtors and homebuilders take heed:
Carnarvon Drive in the close-in Memorial neighborhood was the second most expensive street in Houston with a median home value of $7.9 million, according to Zillow. Carnarvon Drive came in No. 2 after Lazy Lane Boulevard despite having the most expensive home listed in Houston’s real estate history. Chateau Carnarvon, located at 100 Carnarvon Drive, was listed by Martha Turner Sotheby’s International Realty in September for $43 million.
The other exclusive streets include:
- River Oaks Boulevard in River Oaks (median home value: $6.6 million)
- Timberwilde Lane in Hunters Creek Village, which had the most expensive home sold in 2014. ($6.5 million)
- Knollwood Drive in River Oaks ($5.5 million)
Houston’s luxury home market has been ranked among the hottest nationally in recent years as the energy boom attracted well-heeled residents and outside investors to purchase homes in the Bayou City.