NOT LISTED FOR SALE

506 Terrace Lake Dr Covington, LA 70435

Covington Area

Estimated Value: $313,370 - $348,000

3 Beds
2 Baths
1,825 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: March 2, 2026

Current estimated payment $2,001 / mo

76 Days on Market

Highlights

  • Lake Front
  • Covered Patio or Porch
  • Crown Molding
  • Traditional Architecture
  • Separate Outdoor Workshop
  • Living Room

About This Home

As of March 2026

Backing to a serene pond, this inviting home offers a peaceful retreat with calming views right from your 8x16 covered patio--perfect with sun shades. Owners added a porch extension and sub surface drainage on both sides and gas line on patio. Inside, you'll love the NO carpet--tile flooring runs throughout the entire home for durability, low maintenance, and a clean, modern look. The open layout features a welcoming living area with a gas log fireplace and custom blinds that add both style and function. The modern kitchen includes a stainless gas range and microwave, upgraded cabinetry with sleek hardware, quartz countertops, and recessed lighting that enhances the warm ambiance. The primary suite is a standout with its spa-inspired bath, separate shower, private water closet, and an exceptionally spacious walk-in closet. Even better--the laundry room connects to both the hallway and the primary closet, offering unmatched convenience. Spacious secondary bedrooms provide flexibility for guests, family, or a home office. Additional touches include custom-framed bathroom mirrors, window trim, crown molding, and energy-efficient radiant barrier roof decking to help improve comfort and efficiency.

Last Agent to Sell the Property

Kellie Osbon

K2 Realty LLC License #912123251 Listed on: 11/17/2025

Last Buyer's Agent

Misty Lopez

KPG Realty, LLC License #995681492

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 55 x 111
  • Lake Front

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,825 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Recessed Lighting
  • Gas Log Fireplace
  • Living Room
  • Dining Room
  • Water Views
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Alexander Ridge Subdivision

Listing and Financial Details

  • Tax Lot 130

Home Details

Home Type

Single Family

Year Built

Built in 2020

Lot Details

5,663 Sq Ft Lot

HOA Fees

$90 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.13
  • Lot Size: 55 x 111
  • Subdivision Name: Alexander Ridge
  • Directions: Stafford Road (Hwy 1081) , to Terra Mariae, Bounding Streets: Terra Mariae Blvd
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2020
  • List_136: 90.060052
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Interior Amenities: Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room
  • Living Area: 1825

Exterior Features

  • Fencing: Other
  • Lot Features: 0 to 0.5 Acres
  • Pool Private: No
  • View: Water
  • View: Yes
  • Waterfront Features: Lake/Pond
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Brick
  • Foundation Details: Slab
  • Other Structures: Workshop
  • Patio And Porch Features: Covered
  • Roof: Composition

Garage/Parking

  • Parking Features: Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association Fee: 90
  • Association Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 5662.8

Tax Info

  • Tax Lot: 130

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2025
Closed on
Mar 2, 2026
Sold by
Bought by
Seller's Agent
Kellie Osbon
K2 Realty LLC
Buyer's Agent
Misty Lopez
KPG Realty, LLC
List Price
$330,000
Views
20
Current Estimated Value
$326,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%
Original Mortgage
$228,000
Outstanding Balance
$227,103
Interest Rate
6.1%
Mortgage Type
New Conventional
Estimated Equity
$99,740

Purchase Details

Closed on
Apr 17, 2020
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Covington, LA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$323,000 Provenance Title
$234,539 Dsld Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $228,000
Closed $228,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/02/2026 03/02/26 Sold -- -- --
02/01/2026 02/01/26 Pending -- -- --
11/17/2025 11/17/25 For Sale $330,000 -- $181 / Sq Ft
Source: New Orleans Metropolitan Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,383 $19,826 $3,500 $16,326
2024 $1,383 $19,826 $3,500 $16,326
2023 $1,438 $19,826 $3,500 $16,326
2022 $153,828 $19,826 $3,500 $16,326
2021 $1,535 $19,826 $3,500 $16,326
2020 $261 $2,100 $2,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Orleans Metropolitan Association of REALTORS®

MLS Number: NO2531193

APN: 34946

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