$287,469Average Value$199Average Price per Sq Ft6Homes For Sale
A suburban enclave surrounded by the outdoors
Located in the heart of Louisville's South End community, Parkwood is a suburban neighborhood known for its proximity to nearby parks and the "Welcoming, comfortable atmosphere it has," says Kimberly Alexander, a local Realtor who has been selling homes throughout Louisville and its surrounding counties since 2013. Compared to the rest of Louisville and even other areas of its South End, Parkwood has a large amount of undeveloped, wooded land and nearby parks where residents can easily get out in nature. In recent years, Parkwood has also become home to an increasingly diverse community, bringing an array of local businesses and restaurants to the area. In one afternoon, a Parkwood resident could run some errands, enjoy cuisine from around the globe and catch a great view or public show at the local park, all without leaving the area. "I just helped my daughter buy a house there, in fact- mostly due to Parkwood's convenient location and the affordability," says Alexander. Just 10 miles south of downtown Louisville, Parkwood residents can partake in the best that the Derby City has to offer while still having comparatively spacious and peaceful properties to come home to at the end of the day.
The Parkwood/Waverly neighborhood is approximately 7.5 miles to the southwest of downtown.
The North Overlook at Iroquois Park is a popular hiking destination within the park.
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Canopy-covered single-family homes in the South End
Turning away from the industry and busy traffic of the area's main roads, Parkwood residents are greeted by a calm atmosphere of peace and quiet that hasn't changed since the neighborhood was first constructed in the 1950s and 60s. Tall oaks and leafy tulip poplars stretch their arched branches over green lawns, residents walking their dogs and children shooting hoops in the driveway or otherwise playing outside. Thickets of woods just beyond the residential areas and spacious outdoor areas give the neighborhood an open and natural ambiance despite its proximity to a major metropolitan center. “One of the biggest draws is the beauty of the natural trees and the forests,” says Cathy Henn, a real estate agent with Genesis Realty, LLC, who grew up in the South Louisville area. Homes here encompass a range of architectural styles and influences, but some dominant styles include ramblers, Split-Levels and colonials, with many featuring brick or Bedford Stone exteriors. Mined from nearby Bedford, Indiana, this rare limestone is "the last of its kind and is highly regarded for being both attractive and very energy-efficient," says Alexander. Most of the residences are single-family and include driveways, garages and oftentimes backyard pools. In the neighborhood’s gated community, Parkwood Ridge, homes display steep gabled roofs, exterior columns and stone facades. The average sales price in Parkwood is about $260,000 dollars, with most homes ranging from about $200,000 to $300,000 dollars and larger homes with four bedrooms and up to 3,500 square feet selling from about $375,000 to just over $480,000 dollars.
This brick ranch style home is common in Parkwood/Waverly.
This newer traditional style home sits among older constructions in Parkwood/Waverly.
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C-rated Jefferson County schools nearby
Students in Parkwood attend Trunnell Elementary School, a public institution graded C-minus by Niche that serves students from Pre-Kindergarten through 5th grade. Trunnell Elementary follows the “Leader in Me” framework that focuses on leadership, culture and academics to improve student success and provide students and educators with lifelong tools for learning. For a public intermediate school, students feed into either Johnson Traditional Middle School or Olmstead Academy North, both rated C-minus by Niche. Secondary students attend Doss High School, which offers Advanced Placement and dual credit coursework and is rated a C-plus by Niche.
Doss High School scored an overall C+ on niche.com.
Trunnell Elementary School has students in PK, K-5th grades.
Frederick Law Olmsted Academy - North scored an A in diversity on niche.com.
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Heading outdoors in Parkwood
One perk of living in Parkwood is how easy it is to get out and find some green space. Iroquois Park, one of Louisville's most popular parks, is immediately east of the neighborhood, so residents can head out any time they want to take a peaceful walk, play some golf, or let their kids explore the playground. In addition to the Iroquois Amphitheater, which holds more than 2,300 guests, folks can also find stunning views of both the city and the surrounding natural landscape at the park's scenic overlook. Other amenities include disc golf, tennis courts, and even an archery range. On the other side of the neighborhood, residents can also take a short drive over to Waverly Park to fish, canoe or admire ducks swimming along the placid lake. The park itself covers nearly 300 acres and “has quite a few bike trails as well as hiking trails,” Cathy Henn says, explaining that she likes to walk here to clear her head and appreciate nature. For something more sporty, residents can also practice aiming for a hole-in-one at the nearby Bobby Nichols Golf Course, which is right next to Waverly Park.
Parkwood/Waverly residents enjoy fishing at Waverly Park.
The Iroquois Park Amphitheater host many concerts and plays throughout the year.
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Nearby eats and treats from around the world
In addition to an abundance of convenient recreational opportunities, Parkwood residents also have great access to local services, shops and stores located along nearby thoroughfares like Dixie Highway or Manslick Road. Banks, gyms and groceries at Kroger are just a short stop from home, while a diverse collection of eateries can be found right around the corner. Residents looking for a bite to eat can check out O’Dolly’s Lounge and Restaurant on 3rd Street Road. Opening early and closing late, O’Dolly’s has a wide range of food and drink options, including South American classics. For West African cuisine and catering like jollof rice, fried plantains and whole-cooked fish, residents can also head over to African Best Restaurant. Alexander recommends Vietnam Kitchen for their Bun Bo Hue, a savory and spicy noodle soup from northern Vietnam with lemon grass and pork. Another popular spot is Colonial Gardens, a 100-year-old building located right across the street from Iroquois Park. The facility has a storied history; once home to Louisville's first zoo and later turned into a music venue frequented by rock and roll stars like Elvis Presley, Ted Nugent and Bob Seger, the complex now houses a selection of restaurants and eateries. The B.A. Colonial is one of several options that locals appreciate for its pleasant outdoor seating, live music and moderately priced menu of burgers, sandwiches, salads and seafood.
The Vietnam Kitchen is a go to spot for lunch near Parkwood/Waverly.
The B.A.Colonial has an outdoor patio for summer dining near Parkwood/Waverly.
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There are multiple TARC stops along Dixie Highway near Parkwood/Waverly.
Commutes to downtown Louisville
Parkwood has minimal public transport, so residents in the area are typically car-dependent. Luckily for commuters though, residents can access downtown Louisville (which is just 10 miles north) and Route 264 using either Dixie Highway or Taylor Boulevard, both of which immediately border the neighborhood. Route 264 circles both urban and suburban Louisville, giving commuters access to the entire city and surrounding counties. When traveling out of state, Louisville International Airport is only eight miles away, while, in the case of a medical emergency, Mary & Elizabeth Hospital is less than two miles north, right on Bluegrass Avenue.
Waverly Hills is a former tuberculosis sanatorium and an example of Gothic architecture.
Tour the Waverly Hills Sanatorium
Right next to Waverly Park is the Waverly Hills Sanatorium, a former hospital built in 1910 for tuberculosis patients that is now on the National Register of Historic Places. Waverly Hills operates tours that attract thousands of visitors looking to learn more about the sanatorium’s history and stunning Gothic architecture.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Michael Mawood,
an experienced agent in this neighborhood.
Parks in this Area
Waverly Park
Iroquios Park
The Scenic Bypass
Leeds Park
Grills
Picnic Area
Tennis
Transit
Airport
Louisville Muhammad Ali International
13 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Parkwood
US
Homicide
4
4
Sexual Assault
4
4
Assault with Weapon
4
4
Robbery
3
4
Burglary
3
4
Motor Vehicle Theft
3
4
Larceny
3
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Parkwood Demographics and Home Trends
On average, homes in Parkwood, Louisville sell after 45 days on the market compared to the national average of 70 days. The median sale price for homes in Parkwood, Louisville over the last 12 months is $344,900, down 44% from the median home sale price over the previous 12 months.
Welcome home to this sunlit condo retreat! With skylights that pour in natural light, brand-new windows in the front face of condo. Home offers peace of mind and loads of potential, with all brand new kitchen appliances. Bright and airy two-story condo with a basement AND 1 car garage attached! Enjoy beautiful natural light from skylights in the stairwell and bathroom. Freshly updated front
Welcome to your dream home-where sleek design, luxurious finishes, and open floor plan come together in perfect harmony. This stunning 3 bedroom, 2.5 bath modern residence is a showcase of contemporary style and comfort, ideal for both everyday living and entertaining. At the heart of the home is a chef's kitchen that will impress even the most discerning cook. Featuring stainless steel
Opportunity knocks in Pleasure Ridge Park! This spacious 4-plex features four 3-bedroom, 1.5-bath units, each approximately 1,000 sq ft. Two units have been recently renovated and are move-in ready, while the remaining two offer a perfect value-add opportunity for investors or owner-occupants alike. Live in one and let the others pay the mortgage, or update all four for strong rental income
Spacious 2-Bath and 2-Bedroom on the Ground Floor of this South Louisville Condo is a great place to end your new home search. Living in St. Anthony's Landing, in this well cared for home, offers comfort and easy care with Ceramic Tile and Waterproof Laminate wood floors throughout and Plentiful Windows to provide ample natural light. A well laid out Galley Kitchen makes cooking fast and
Looking for the modern living experience? This two story, single family home, has all the modern amenities for living and entertaining, Home has 3 beds and 2.5 baths. The primary suite has a shower and soaking tub with a large walk in closet. Two other guests rooms and a full bath are located on the second floor. Modern chefs kitchen with outdoor entertaining space. This home has a fenced
The Edwin Apartments – Redefining Modern Living in Louisville, KY.Welcome to The Edwin, a premier apartment community in the heart of Louisville, Kentucky, where urban convenience meets contemporary elegance. Offering a variety of thoughtfully designed floor plans, The Edwin caters to your unique lifestyle needs with spacious layouts, sleek finishes, and state-of-the-art
Check out this beautiful 2 bedroom, 2 bath condo just minutes from Iroquois Park. This home features a large eat-in kitchen, laundry room with a washer and dryer, vaulted ceilings, and an open floor plan, making this the perfect space to entertain. The large primary bedroom features a walk-in closet, vaulted ceilings, an abundance of natural light, and a private en-suite. The 2nd bedroom is
Interested in learning more about homes in this area?
Reach out to
Michael Mawood,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
11,248
Median Age
39
Population Density
5 ppl/acre
Population under 18
24.8%
On par with the national average
23.8%
Population over 65
17.9%
On par with the national average
19.1%
Finances
Median Household Income
$63,962
Below the national average
$71,702
Average Household Income
$87,372
Education and Workforce
High School Graduates
90.3%
College Graduates
31%
Advanced Degrees
10.1%
On par with the national average
13.3%
% Population in Labor Force
72.4%
Above the national average
65.1%
Weather
Annual Precipitation
48''
Average Winter Low Temperature
28°F
Average Summer High Temperature
89°F
Annual Snowfall
5''
Area Factors
Somewhat Bikeable
Bike Score®
39/ 100
Car-Dependent
Walk Score®
39/ 100
Some Transit
Transit Score®
25/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
