$548,760Average Value$182Average Price per Sq Ft9Homes For Sale
Rooted in jazz, Lake Terrace-Oaks is now a quiet lakeside neighborhood
Lake Terrace-Oaks was one of the most popular entertainment spots in New Orleans, once home to the famous Milneburg district. Originally a small fishing village along the shores of Lake Pontchartrain, the area was connected to the main city by the Pontchartrain Railroad in 1830, when it had only a few houses, bars, and hotels to offer. But by the time the Smokey Mary train was bringing crowds of visitors in the 1870s, Milneburg had grown into one of the most influential musical neighborhoods in the world. Jazz greats Danny Barker and Louis Armstrong played here in bars, bandstands and jazz halls like the Joy Club, The Inn and dozens more. The resort area stayed popular through the 1930s, when the city began to reclaim land from the lake. By the 1940s, all traces of Milneburg were washed away save for a lone lighthouse, which still stands today. Today, the area has a suburban feel and has been rated as one of the best places to live in New Orleans, as well as one of the best neighborhoods to raise a family in the city by Niche.com.
Lakeshore Park in New Orleans spans 1.8 acres near the lakefront.
City Park playground sparks kids’ imaginations in New Orleans.
1/2
Midcentury modern homes on larger lots, bungalows on modest lots
Lake Terrace originally opened as a subdivision of Gentilly in 1953. Lake Oaks followed shortly after in 1964. Lake Terrace was 93 acres with large lots and midcentury modern and Georgian-style houses. Lake Oaks was smaller and offered smaller lots, with California-style bungalows rarely seen in Louisiana. The median home price for the area is $455,000.
Well-kept lawns are common among Lake Terrace-Oaks residences.
Georgian-style homes remain a hallmark of Lake Terrace-Oaks architecture.
1/2
The University of New Orleans offers four-year degree programs
The University of New Orleans' 350-acre campus spreads across the area. The college was opened in 1958 and transitioned from a two-year program to a four-year program in 1961. To date, it has graduated more than 80,000 students and shows no signs of stopping.
University of New Orleans offers outdoor spaces for student gatherings.
Benjamin Franklin High School boasts an A rating from Niche.
1/2
Boating, fishing and waterfront parks within the Lakeshore area
Lake Terrace-Oaks is part of the Lakeshore area, where boating and fishing are among the most popular activities. Both Lake Terrace and Lake Oaks have small, private parks for residents, but there are plenty of public ones, too. Places like London and Lakeshore Parks give everyone a chance to experience the outdoors just steps from the lakefront. There’s also the nearby Bayou Sauvage National Wildlife Refuge, which features nearly 40,000 acres of forest and marshland with several boardwalk trails throughout the park. City Park, about 3 miles away, offers events like Celebration in the Oaks and places like the Besthoff Sculpture Garden.
Bayou Sauvage National Wildlife Refuge lies north of Lake Terrace-Oaks.
Bayou Sauvage National Wildlife Refuge is a short drive from Lake Terrace-Oaks.
1/2
Savory bites at Greek Fest, Hogs for the Cause and other festivals
Locals don’t have to go far to have a good time in Lake Terrace-Oaks. The neighborhood offers events like Greek Fest, the Fried Chicken Festival and Hogs for the Cause. Each of these has their own allure, with Greek Fest featuring food and fun cultural activities. Hogs for the Cause features an entire weekend of barbecue and fundraising to end pediatric cancer.
Outdoor events in Lake Terrace-Oaks bring the community together.
PJ’s Coffee in Lake Terrace-Oaks serves locals fresh brews daily.
1/2
Most residents commute with travel times under 35 minutes
For those who commute from Lake Terrace-Oaks — a whopping 74% of workers — the travel time is shorter than the national average. Locals have a 20- to 35-minute trip on average. Commutes are made easier by cruising down Elysian Fields Avenue to Business 90, Interstate 610, or Interstate 10.
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
Are you familiar with the Lake Terrace-Oaks neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Lake Terrace-Oaks
US
Homicide
4
4
Sexual Assault
3
4
Assault with Weapon
3
4
Robbery
2
4
Burglary
4
4
Motor Vehicle Theft
3
4
Larceny
4
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Lake Terrace-Oaks Demographics and Home Trends
On average, homes in Lake Terrace-Oaks, New Orleans sell after 77 days on the market compared to the national average of 53 days. The median sale price for homes in Lake Terrace-Oaks, New Orleans over the last 12 months is $549,000, up 27% from the median home sale price over the previous 12 months.
Ask about Bond for Deed! Wonderful opportunity to live in Lake Oaks. 4 Bedroom/ 2 Bath Home with over 2633 sq ft. This home is Large with a formal living/dining, family room with fireplace open to the kitchen, breakfast area, & a HUGE BONUS room. Great corner lot. 2023 roof. 2023 gutters. Gorgeous new fence with parking for 4+ cars. X Zone flood. $400 annual HOA has security patrol. Custom wall
PRIME LOCATION in Lake Oaks!Nestled in a quiet, charming neighborhood, this spacious 4-bedroom, 3-bath home is just a short stroll to UNO, Ben Franklin, Lake Pontchartrain, and Lake Oaks Park—and less than 2 miles to City Park, Bayou St. John, and Brother Martin High School. Everyday conveniences are nearby, with two supermarkets and a large Ochsner Health Center just blocks
Curb Appeal Galore!Framed by a magnificent historic oak tree, this beautifully maintained residence offers timeless appeal and modern comfort in one of the city’s most convenient locations.A long, multi-car driveway leads to an expansive rear carport, providing ample space for additional vehicles, a boat, or even an RV. Inside, the home features freshly resurfaced terrazzo floors that
Two suites available:B2 (1800 SF)A10 (1437 SF)Corner the commercial market by joining the only grocer in the area. Join Rouses Market,CVS, Smoothie King, PJ's Coffee, Quest Diagnostics and other national brands in thisgreat center.Lease is NNN
Two suites available:B2 (1800 SF)A10 (1437 SF)Corner the commercial market by joining the only grocer in the area. Join Rouses Market,CVS, Smoothie King, PJ's Coffee, Quest Diagnostics and other national brands in thisgreat center.Lease is NNN
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.
