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Ponderosa Estates Homes for Sale

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    $1,506,131

    • Land
    • 1.93 Acres
    • $780,379 per Acre

    8155 E 56th St, Odessa, TX 79765

    Land Sites at Shiloh Square for possible uses such as Shopping Centers, Stores, Grocery, Restaurants, Fast Food, Offices, Medical & more... Land Use Restrictions apply. Selling partners are OK & TX real estate licensees.

    Cynthia *Cindy* Brown *Anderegg* Realty Unlimited

    8155 E 56th St, Odessa, TX 79765
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    $650,000

    • 4 Beds
    • 3 Baths
    • 2,565 Sq Ft

    5904 Montana Ave, Odessa, TX 79762

    Completely remodeled country home on 1 acre with everything you've been looking for! Every bathroom has been beautifully updated. A new hallway opens the living room to a spacious office/den/flex space and the sequestered master suite. The kitchen is a showstopper with custom cabinets, stunning countertops, backsplash, and a spacious new pantry. Enjoy the outdoors with a covered patio, in-ground

    Jill Reynolds Berkshire Hathaway Home Services Cooper Realty

    5904 Montana Ave, Odessa, TX 79762

Why Live in Ponderosa Estates

Ponderosa Estates in Odessa features spacious homes, typically around 3,000 square feet, on lots ranging from half an acre to 3 acres. The neighborhood predominantly consists of ranch-style and contemporary homes, many with multicar garages. The area has a very low crime risk compared to the national average. Nearby parks include Memorial Garden Park, with a 1.3-mile trail, and the University of Texas Permian Basin's parks and playgrounds. Golf enthusiasts can visit Ratliff Ranch Golf Links, 4 miles away, or the exclusive Odessa Country Club, 3 miles away. Dining options along Texas State Highway 191 include Walk-On’s Sports Bistreaux, Red Oak Kitchen, and Saltgrass Steakhouse. For shopping, the Music City Mall, Walmart Supercenter, and H-E-B are all within a short drive. The City of Odessa hosts events like the 4th of July Fandango and the holiday Starbright Village. Ponderosa Estates is conveniently located near TX-338 Loop, providing access to Interstate 20, downtown Odessa (8 miles), Midland (17 miles), and Midland International Air & Space Port (8 miles). The nearest hospital, Odessa Regional Medical Center, is also 8 miles away. The Compass Academy Charter School, serving K-12, is located just outside the neighborhood and has a high rating.

Frequently Asked Questions

Is Ponderosa Estates a good place to live?
Ponderosa Estates is a good place to live. Ponderosa Estates is considered very car-dependent and somewhat bikeable. Ponderosa Estates has 2 parks for recreational activities. It is sparse in population with 1.5 people per acre and a median age of 32. The average household income is $130,066 which is above the national average. College graduates make up 23.8% of residents. A majority of residents in Ponderosa Estates are home owners, with 14.8% of residents renting and 85.2% of residents owning their home. A local real estate agent serving Ponderosa Estates can help you decide if this neighborhood is the right one for you. Learn more on our Ponderosa Estates neighborhood guide.
How much do you need to make to afford a house in Ponderosa Estates?
The median home price in Ponderosa Estates is $650,000. If you put a 20% down payment of $130,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $3,240 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $139K a year to afford the median home price in Ponderosa Estates. The average household income in Ponderosa Estates is $130K.
What are the best public schools in Ponderosa Estates?
The best public schools that serve Ponderosa Estates are:
What are the most popular zip codes in Ponderosa Estates, Odessa, TX?
The most popular zip codes in Ponderosa Estates, Odessa, TX include 79762, 79765, 79758, 79766 and 79761.
What are the most popular neighborhoods near Ponderosa Estates, Odessa, TX?
The most popular neighborhoods near Ponderosa Estates, Odessa, TX are North Country Club Estates, Esmond Estates, Country Club Estates, Fair Oaks and University Gardens.

Home Trends in Ponderosa Estates, TX

Housing Trends

Median Sale Price
$625,000
Median Single Family Sale Price
$650,000
Average Price Per Sq Ft
$210
Number of Homes for Sale
1
Last 12 months Home Sales
3
Months of Supply
4.00
Median List Price
$650,000
Median Change From 1st List Price
0%
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