Condo sales are picking up in condos that are near the New Orleans Lakefront. Most of these can be found in Lakeview around Lake Marina Drive and in Jefferson Parish on Old Hammond Highway. For the longest time things were very slow following Hurricane Katrina. There was a lot of units for sale for several years. Now we are seeing sales pick up in all price ranges.
One of the reasons is that Lakeview Real Estate is doing very well. Many times the condo market lags the housing market. Now it is catching up to the housing market. Another reason is that prices have gone up 20-25% in the downtown area. They were already about 50% more than the Lakeview area condos. It’s less than a 15 minute commute to downtown and the French Quarter. Most of the condos in Lakeview are near the New Orleans Marina Area.
It is normal to have the “Ripple Effect” where when one area gets hot and prices go up it makes the adjacent area to begin to get noticed and also see sales rise. This is what is happening now. Add into the equation that Lakeview has been a very good housing market for the last three years…You can see why the sales are picking up.
You can see all the units for sale in Lakeview Condos For Sale. The high-rise condos will have views of Lake Pontchartrain. These are generally more expensive and larger units. All the condo associations will have easy access to the lake and Marina, like 100 yards away.
Jefferson Parish Lakefront Condos
The two complexes on the Lake are the Pontchartrain Place Condos at 420 Old Hammond Highway and the Fleu Du Lac Condos at 400 Old Hammond Highway.
The Fleur Du Lac Condo are higher end condos. Here is a quick view of a sideshow of the unit currently for sale .Fleu Du Lac Condo for Sale. These units were built as condos after 2000 and are large units with balconies, garage parking plus one. Secure entrance, well-managed, pool, meeting rooms, storage units, kitchen, and much more. Most owners live here full-time or part of the year. Seven stories with all the units on one level. Some units face the lake but all have patios.
Pontchartrain Place Condos are a winner in my book. You can still buy something here below 200k. All units have garage parking on first floor with a storage unit for each unit. Plenty of guest parking. What makes the complex great is the great views, common areas, pool, hot tub, clubhouse, well maintained common areas. Some of the units will be dated but can be upgraded quickly and easily. Just not a lot on the market in the complex right now.