With a median home size of over 4,000 square feet and an appraised median value of over $1,300,000, River Oaks is one of the most exclusive neighborhoods in Houston. CEOs, entrepreneurs, and board directors of many major companies call River Oaks home.
Strong local economy and rising number of jobs (a total of 120,000 new jobs are expected this year) are spurring the demand for homes, pushing Houston home inventory to its 13-year low of 3.3 months. To address this, developers have been building newer and more affordable properties all over Houston. Most of the 28,000 new homes set to be started this year are single-family homes and townhomes.
Houston Heights, Montrose, Museum District, Upper Kirby, Rice Military, Medical Center, and River Oaks are among the neighborhoods seeing a rise in new construction houses. This wave of new homes are not only expected to address the rising demand of new homebuyers, but also provide homes with better pricing options to Houstonians looking at "moving up" from their current houses.
(View All Luxury River Oaks Townhomes For Sale Upwards Of $600,000)
Info On Luxury River Oaks Townhomes For Sale
Luxury townhomes for sale in River Oaks are part of an upscale neighborhood found in the geographic center of Houston, Texas. Located north of the Houston district of Upper Kirby, Montrose, east of Memorial, south of Rice Military, River Oaks is also just minutes from Downtown Houston.
Located in the 77019 zip code, River Oaks is only a short drive or commute (just four miles) from the Central Business District, with easy access to the Greenway Plaza area, The Galleria, Medical Center, and various museums, theaters, and other cultural events.
River Oaks homes residents also have easy access to the major business districts in Houston, as well as numerous entertainment options such as restaurants, shopping centers, retail outlets, bars, and more.
River Oaks was developed in the early 1920's by William Hogg (son of former Texas governor Jim Hogg). Together with his associate, Hugh Potter, they secured an option to purchase around 200 acres of land around the River Oaks Country club in 1923. They began selling lots for just $2,200 in 1928. Today, some of the most expensive properties in River Oaks go as high as $20,000,000.
(View The Most Expensive Homes For Sale In River Oaks)
River Oaks townhomes for sale are part of a neighborhood well-known for its sprawling and landscaped lawns, and elegant, palatial homes. The community is also home to many CEOs, board directors, and entrepreneurs, making it is one of Houston's most well-respected communities.
Strong ordinances and deed restrictions enforced by River Oaks Property Owners maintain the neighborhood's elegance and grace.
If you are looking for a River Oaks townhome, or any home in Houston, contact Paige Martin or visit HoustonProperties.com.
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