Hidden Gem, Pool, Lake Access
1972 Lake Community Home, Half the Zip Median — $129,900
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | Gated lake community, shared lake/pool/clubhouse access, 1456 sqft, 3/2 layout |
| Condition | 25% | 5 | 1972 build, no system dates named, no renovation history, cosmetic-unknown |
| Price / Sq Ft | 15% | 9 | Listing $89/sqft vs zip median $178/sqft — ~50% below; 7 comps, directional only |
| Price vs. Market | 5% | 9 | $129,900 vs $257,888 zip median — ~50% below median sale price |
| Market Conditions | 5% | 6 | DOM 89 days, 33.9% price drops, sale-to-list 97.9% — mild buyer's advantage |
The price is the first thing worth understanding here. The zip median sale price is $257,888. This house is $129,900. That gap is real, and it has a reason — the house was built in 1972, sat on the market for 89 days, and the listing says almost nothing about its condition. No system dates, no renovation history, no mention of when anything was last touched. The agent description is thin. What you're buying is a 1456 square foot, three bedroom, two bath house that needs you to go look at it yourself before you know what you're actually getting into.
What you're also buying is access to the Hide-A-Way Lake community. That means a gate, a lake, a swimming pool, a clubhouse, and a park. For a family that wants to be outside, that's a real draw. Kids can be at the pool while you're at the house. You can fish or get on the water without leaving the neighborhood. That kind of access usually costs more to get near, let alone into.
The location puts you roughly an hour from New Orleans and about the same from the Mississippi Gulf Coast. So this is genuinely between two destinations, which matters depending on where you work or where you want to spend a weekend.
Now the honest part: a 1972 house with no disclosed updates is a risk calculation. The roof, the HVAC, the electrical, the plumbing — any or all of those could be original or close to it. At $89 per square foot in a zip where comparable homes sell for $178, the price is absorbing some of that unknown. The question is whether what you find on inspection falls inside that cushion or outside it.
If the bones are solid and the systems have been maintained, you're looking at a house in a gated lake community for a price that leaves room to update it on your own timeline. If the systems are shot, that math changes fast. Get in there. Look at it. The price makes it worth the trip.
