Our friends at NeighborhoodX, a site for analyzing real-estate trends on a micro-level, are at it again. "As part of our mission to give a clearer picture of housing prices at the neighborhood level, we've launched a new series of analyses,” explains company co-founder Constantine Valhouli. “This time, we're looking at the most expensive properties in each neighborhood, to get a sense of the upper end of what people are willing to pay to live there.”
Today's analysis focuses on the Windsor Park, the East Austin neighborhood directly north of Mueller. Windsor Park is bounded by 51st Street on the south side, IH-35 to the west, US Highway 290 on the north, and Northeast Drive and Manor Road on its east side.
The 10 most expensive properties in Windsor Park range from $419,500 to $715,000. These properties, all houses, range in size from 1,344 to 2,738 square feet, and, on a per-square-foot basis, the pricing ranges from $182 to $325 per square foot.
Developed in the 1950s as a middle-class commuter area, Windsor Park is one of Austin’s pockets of midcentury homes. It’s full of small single-family houses on long, winding streets that make it almost suburban-feeling, with apartment complexes and strip malls on its periphery. (Parts of it were also in the loud flight path of Austin’s old Mueller airport, which has been redeveloped as a planned community.)
Even after the airport was relocated to its current location, Until recently, when the Mueller neighborhood was built and populated, Windsor Park was experiencing a sustained period of housing primarily renters and seniors who had lived there for decades. Recent years have seen an influx of homebuyers of all stripes, including families who are raising their children there. Bigger and newer developments, including the lot-filling urban-infill housing that other central neighborhoods have seen, haven’t gone hog wild there, but it becomes increasingly likely if the renaissance continues.