RIVER OAKS AREA – REAL ESTATE ROUNDUP – MARCH 2022
As you drive north on Kirby Dr from San Felipe St, it becomes immediately evident that you have entered Houston’s premier neighborhood of River Oaks. The 10,000+ SF estates lots that are ½ to 2 acres would impress visitors from anywhere. And those are not the most impressive of the homes in River Oaks. For those, we need to drive down River Oaks Blvd and Inwood Dr west of Kirby.
With a buy-in price of $1 million and previous non-MLS sales in excess of $30 million, this genteel neighborhood is home to many of Houston’s wealthiest families. Established in the 1920s by Houston’s famous Hogg family and anchored by the exclusive River Oaks Country Club, the River Oaks subdivision of roughly 1,300 homes was primarily built out in the 1920s and 1930s. Most of these homes were designed and built by renowned architects and builders, and have been preserved over the years by consecutive owners. There is also plenty of newly constructed homes in River Oaks.
Many of the highest priced homes are not listed in MLS, but according to HARMLS, there were 111 sales of single-family homes in the River Oaks Area (including Tall Timbers, Homewood, Royden Oaks, and Avalon Place) in 2021 ranging $619,000 to $9,500,000 and averaging $3,332,519 ($569/SF) – 1.5% higher than 2020.
