News Summary
A remarkable real estate transaction took place recently in New Orleans, where a beautifully renovated historic home on Dryades Street sold for $2.05 million. This sale, completed on October 15, was the highest property sale in the area for the week, following 82 days on the market. The property, showcasing modern amenities alongside its historic charm, features five bedrooms, four and a half bathrooms, and extensive living space, making it a desired residence in the competitive New Orleans real estate market.
New Orleans witnessed a significant real estate transaction recently, as a historic home on Dryades Street sold for $2.05 million, marking it as the highest property sale between October 12 and October 18. The sale was finalized on October 15 after the property spent 82 days on the market. The home, located at 5320 Dryades St., New Orleans, 70115, was listed at the same price of $2,050,000 and showcases a blend of modern conveniences with historical charm, having undergone renovation in 2020.
This impressive property offers 4,147 square feet of living space, featuring five bedrooms and four and a half bathrooms. Situated on a 6,900 square foot lot, it includes numerous architectural highlights such as plaster medallions, designer chandeliers, marble countertops, original pocket doors, and antique pine floors. Unique elements include a custom hand-painted mural in the entryway, a spacious foyer, a formal dining area, a living room, a sunroom, and a mudroom. The gourmet kitchen is equipped with a beverage fridge and a cypress top bar, while the primary suite boasts balcony access and an elaborate marble bathroom.
The sale was handled by listing agent Tracey Moore from Rȇve Realtors and sales agent Rachael Kansas from RE/MAX N.O. Properties.
Second Top Sale
The second highest sale during this period was a property on Hummingbird Road in Covington, selling for $1,790,400. Also sold on October 15, this residence was listed at $1.9 million and found a buyer after just 4 days on the market. The home, located at 21 Hummingbird Road, Covington, 70433, is a Phase 1 property in Tchefuncta Estates, built in 2012 and situated on a golf course. It features five bedrooms and four bathrooms, spanning 4,943 square feet of living space.
This sale involved listing agents Alice McNeely and Rebecca Hammett from McNeely Mack Properties and Rȇve Realtors, along with sales agent Diane LaPlace from Keller Williams Realty Services.
Third Top Sale
Claiming the third spot among property sales was a home located at 1631 State St., New Orleans, 70118, which sold for $1,450,000 on October 15. This property was listed for $1.6 million and remained on the market for 126 days. Originally constructed in 1912, the home has been updated in 2023 and features distinct historical details. It includes four bedrooms and three bathrooms across 4,595 square feet of living space, with a total lot size of 7,992 square feet. Notable renovations consist of a new roof, updated electrical systems, new sewer lines, and fresh paint.
The listing for this property was managed by agent Mary Danna with Keller Williams Realty, while the sales agent was a non-MLS member.
Market Context
The real estate market in New Orleans continues to show strong activity, particularly in the Uptown and surrounding areas where historic homes fetch high prices. Several properties on the market combine rich historical features with modern updates, appealing to buyers interested in unique residences that reflect the character of the city. The recent high-value sales indicate a robust demand for luxury properties in desirable neighborhoods.
As buyers continue to navigate the challenging market, notable properties attract competitive bids, reflecting an ongoing interest in acquiring homes that blend aesthetic charm with functional living spaces.
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Additional Resources
- New Orleans City Business: Historic Home Sale
- NOLA: Luxury Riverfront Condo
- New Orleans City Business: Luxury Homes for Sale
- Mansion Global: John Goodman’s Home Sale
- Wikipedia: New Orleans
