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5803 Grayhawk Ct, Lawrence, KS, 66047

5beds
5baths
3,143sqft
$550,000
$175price/sqft
$3,945/moest. monthly cost
$157,800/yrincome needed

About This Home

Incredible opportunity for a 5 bedroom, 4 bath home in the highly sought after Alvamar at the Reserve neighborhood. Offering an exceptional amount of living space at an unbeatable price, this home offers endless possibilities for both entertaining and everyday comfort. From the moment you step inside, you'll be greeted by vaulted ceilings and an abundance of large windows that fill the home with natural light. Step outside to the back deck where you can relax while overlooking the beautiful backyard. The expansive finished area of the basement provides even more room to enjoy, whether you're envisioning a recreation room, home theater, fitness area or guest space. This home is a blank canvas ready for the next owner to bring their vision to life. Don't miss your chance to own this spacious home that is priced to sell in a highly desirable neighborhood. West Lawrence location provides easy access to K-10, I70 and just 4 miles west of KU main campus. Don't miss this fabulous opportunity.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

5/10
Lawrence High SchoolGrades 9-124.2 mi

Construction

Condition

  • Year built: 1999

Materials

  • Roof: Composition
  • Construction materials: Frame,Wood Siding,Stone Veneer

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Additional Room

  • Level: First
  • Area: 154
  • Dimensions: 14x11

Appliances

  • Appliances included: Dishwasher,Disposal,Refrigerator,Microwave,Washer,Dryer,Gas Range

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished,Walk-Out Access,Sump Pump

Bedroom2

  • Level: Second
  • Area: 234
  • Dimensions: 18x13

Bedroom3

  • Level: Second
  • Area: 168
  • Dimensions: 14x12

Bedroom4

  • Level: Second
  • Area: 182
  • Dimensions: 14x13

Bedroom5

  • Level: Basement
  • Area: 156
  • Dimensions: 13x12

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Dining Room

  • Level: First
  • Area: 156
  • Dimensions: 13x12

Family Room

  • Level: Basement
  • Area: 540
  • Dimensions: 30x18

Features

  • Ceiling Fan(s),Central Vacuum,Eat-in Kitchen,Kitchen Island,Pantry
  • Number of fireplaces: 2
  • Fireplace features: Two,Insert,Gas Starter,Living Room
  • Fireplace: Yes
  • Finished area below ground: 1,089

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,143
  • Total interior livable area: 3,143 sqft

Kitchen

  • Level: First
  • Area: 648
  • Dimensions: 24x27

Living Room

  • Level: First
  • Area: 306
  • Dimensions: 18x17

Primary Bedroom

  • Level: First
  • Area: 210
  • Dimensions: 15x14

Utility Room

  • Level: First
  • Area: 54
  • Dimensions: 6x9

Property

Details

  • Parcel number: 113050100401300001
  • Zoning: Other – See Remarks
  • Special condition: Estate/Trust

Features

  • Levels: Two Level
  • Patio & porch: Deck
  • Spa features: Bath
  • Fencing: None
  • Living area range: 2701 - 3200

Lot

  • Features: Wooded

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Winter Weather
Hail
Ice Storm
Lightning
Strong Wind
Tornado
Cold Wave
Inland Flooding

FEMA Declared Disasters Across Kansas Counties

Flood
Snowstorm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,781$33,372
Home Insurance *$369$4,428
Property Taxes $545$6,540
Electricity $250$3,011
Total$3,945$47,340
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,257/yr
40% on housing$118,350/yr
45% on housing$105,200/yr

Kansas FAIR Plan Programs

Kansas All-Industry Placement Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 11,507Commercial: 209
Total Premiums$9.41M
Total Exposure$949,000

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 1.6%
1.6%
0%15.0%
Property Taxes Growth Rate2-year average: 4.4%
4.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 66047$191
Douglas County$219

vs Homes Sold Last Month

Median $/sqft

ZIP 66047$165
Douglas County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Contingent$550,000
2026-07-09Listed for sale$550,000

For Sale by Agent

AgentJAN MILLER
BrokerageSTEPHENS REAL ESTATE, INC

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