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Kings Gate-Raintree Condos for Sale

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  • /17

    $150,000

    • 2 Beds
    • 2 Baths
    • 1,009 Sq Ft

    8601 Memphis Dr Unit A21, Lubbock, TX 79423

    Being sold fully furnished and already Leased, Priced to Sell! Welcome to Unit A21 at Raintree Manor Condominiums a move-in ready, fully furnished condo currently leased at $1,650/month through December 28, 2025 with another lease lined up right after! This updated unit is an excellent opportunity for those seeking cash flow, midterm rental potential, or a low-maintenance home. Situated just one

    Sol Carver Aycock Realty Group, LLC

    8601 Memphis Dr Unit A21, Lubbock, TX 79423
  • /22

    $120,000

    • 2 Beds
    • 2 Baths
    • 1,006 Sq Ft

    8601 Memphis Dr Unit 42, Lubbock, TX 79423

    Condominium #42 is located on the second floor, over looking the community pool, with easy access to parking as well. With 2 bedrooms, and 2 bathrooms, this condo would make a fantastic rental and or investment property! Come see it today, priced to sell! $130/month HOA fee covers water, trash, sewer, and grants access to the community pool and covered parking space.

    Ryan Robertson Better Homes and Gardens

    8601 Memphis Dr Unit 42, Lubbock, TX 79423
  • /21

    $125,000

    • 2 Beds
    • 1.5 Baths
    • 999 Sq Ft

    8601 Memphis Dr Unit A-14, Lubbock, TX 79423

    Michael Stueart Paxton Real Estate

    8601 Memphis Dr Unit A-14, Lubbock, TX 79423

Why Live in Kings Gate-Raintree

Kings Gate in Lubbock is a well-established neighborhood characterized by quiet residential streets, tall trees, and well-maintained sidewalks. Homes in this area, built primarily in the 1980s and 1990s, are known for their unique floor plans and spacious wooded lots. Architectural styles include single-story and ranch-style homes with masonry siding, two-car garages, and features like columns, double-gabled roofs, and bay windows. The neighborhood is home to Honey Elementary School, which has a high rating, and Evans Middle School, which also receives favorable reviews. Charles A Guy Park offers a large playground, a 0.75-mile walking path, and picnic areas under old oak trees. Nearby, LakeRidge Country Club provides a challenging golf course with rolling hills and mature trees. Kings Gate Center, a shopping plaza within the neighborhood, features 30 restaurants, shops, and boutiques, including Sprouts Farmers Market and La Madeleine French Bakery & Café. For groceries, residents have convenient access to Market Street and H-E-B, both within a short distance. The neighborhood is less than 10 miles from downtown Lubbock and 15 miles from Lubbock Preston Smith International Airport, with easy access via Loop 289 and U.S. Route 87. Public transportation is available with several Citibus stops on 82nd Street.

Home Trends in Kings Gate-Raintree, TX

Housing Trends

Median Sale Price
$320,000
Median Single Family Sale Price
$322,500
Median Townhouse Sale Price
$159,000
Median 2 Bedroom Sale Price
$122,500
Median 1 Bedroom Sale Price
$87,500
Average Price Per Sq Ft
$134
Number of Homes for Sale
20
Last 12 months Home Sales
71
Months of Supply
3.40
Median List Price
$325,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-18%
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