Four Listings at $850K in Orleans Parish
Including a Freret corridor compound with a guest studio and a lakefront condo where the HOA is the conversation
If you’re shopping around the $850K range, here’s what that budget actually buys in Orleans Parish right now: two Uptown single-family homes, a University area Dutch Colonial, and a 14th-floor lakefront condo with views that are genuinely hard to describe.
2238 Octavia St, New Orleans 70115
$845,000 | 4 bed · 2.5 bath · 2,535 sqft
(Listing Courtesy Of: Keller Williams Realty New Orleans)
A corner property at Octavia and Freret, one block off Jefferson Avenue. The main house is two stories with solid hardwood floors, an interior designer-curated layout, and a private courtyard anchored by an entertaining deck. Behind the automatic gate sits a detached guest studio with a full kitchen and bath. It’s usable as guest quarters, a home office, or a rental. Covered two-car carport, whole house generator, and a location steps from High Hat, Cure, and the best of the Freret corridor.
300 Lake Marina Ave #14DBW, New Orleans 70124
$849,000 | 2 bed · 3 bath · 3,107 sqft · HOA: $3,107/mo
(Listing Courtesy Of: Realty One Group Immobilia)
A 14th-floor double-corner unit at Lake Marina Tower in West End, completely renovated in 2023 with wide-plank floors, exposed wood beams, floor-to-ceiling windows, and unobstructed views of Lake Pontchartrain and the Municipal Yacht Harbor. Over 3,100 square feet with a chef’s kitchen, wet bar, formal dining room, den, two balconies, and two assigned parking spaces. The HOA is $3,107/month... it covers water, exterior insurance, maintenance, and building amenities including a recently redone pool, gym, and 24-hour staffed security. That number needs to be in your underwriting before anything else. FHA/VA approved building. Seller is motivated and has reduced from $874k.
2133 Calhoun St, New Orleans 70118
$849,000 | 3 bed · 3 bath · 2,666 sqft · Audubon/University
(Listing Courtesy Of: Keller Williams Realty New Orleans)
A three-story Dutch Colonial on a 45x110 corner lot in the University area, one block from Freret and a few blocks from Audubon Park and the St. Charles streetcar. Fully updated kitchen with stone counters and stainless appliances, gas fireplace, gated off-street parking for two vehicles, detached workshop or studio, and approximately 2,700 square feet of living area. Situated in Flood Zone X with flood insurance running just $750/year, that matters at this price point in New Orleans. The price has come down from $1,035,000 over the past year, and the current ask is within market range.
5213 Laurel St, New Orleans 70115
$849,000 | 4 bed · 2.5 bath · 2,024 sqft · Uptown
(Listing Courtesy Of: McEnery Residential, LLC)
A 2011 restoration of a 1921 Uptown home on Laurel Street, two blocks from Magazine and walkable to Whole Foods. Downstairs primary suite, soaring ceilings, hardwood floors throughout, and a 400+ sqft back deck. Four bedrooms plus a separate office or playroom. Fresh to market at 14 days, one of the newer listings in this price range right now.
Below are two scenarios breaking down closing costs and loan payments.
Note: FHA loan limits for Orleans Parish fall well below this price point. Both scenarios use conventional financing. Also, these are estimates especially with insurance...!
Scenario #1:
20% Down Payment
Conventional Loan 30 Year Fixed Rate Mortgage $849,000
Sales Price $679,200
Loan Amount Interest Rate: 6.33%
Monthly Payment Breakdown: P&I Payment: $4,222.18
Homeowners Insurance: $525.00
Property Taxes (with Homestead Exemption): $708.00
Mortgage Insurance: None
Total Monthly Payment: $5,455.18
Cash to Close Breakdown:
Closing Costs: $12,000.00
Prepaids and Escrows: $9,500.00
Down Payment: $169,800.00
Total Cash to Close: $191,300.00
Scenario #2:
10% Down Payment
Conventional Loan 30 Year Fixed Rate Mortgage $849,000
Sales Price $764,100
Loan Amount Interest Rate: 6.33%
Monthly Payment Breakdown: P&I Payment: $4,750.21
Homeowners Insurance: $525.00
Property Taxes (with Homestead Exemption): $708.00
Mortgage Insurance: $318.00 Total Monthly Payment: $6,301.21
Cash to Close Breakdown:
Closing Costs: $12,000.00
Prepaids and Escrows: $9,500.00
Down Payment: $84,900.00
Total Cash to Close: $106,400.00
Again, these are estimates. For exact figures, contact Cameron Budzius at The Mortgage Krewe.
Note: The Lake Marina condo HOA of $3,107/month is not included above, add that to your monthly carrying cost if you’re running those numbers.
Which one would you buy at this price point and does the Lake Marina HOA kill it for you or does 3,100 square feet on the 14th floor with lake views change the math?