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1185 Grays Pkwy, Des Moines, IA, 50309

3beds
5baths
3,634sqft
$1,544,450
$425price/sqft
$15,457/moest. monthly cost
$618,280/yrincome needed

About This Home

Proposed Custom Home in Gray’s Station with Rooftop Terrace Embarq Signature Homes presents the Elena plan—an entirely customizable, detached single-family home in downtown Des Moines. This modern design features cement and cedar exterior accents and abundant natural light from windows on all four sides. Enjoy stunning skyline views from the full-size rooftop terrace with optional pergola, perfect for entertaining or unwinding above the city. The flexible four-level layout includes a main-level bedroom with full bath, flex space, and attached garage. The second floor offers an open kitchen with island, dining area, breakfast nook, and living room with access to a covered deck. The third floor includes two spacious primary suites with walk-in closets and private baths, plus a convenient laundry area. The penthouse level provides a rooftop retreat with optional wet bar and lounge. Located in Gray’s Station—Des Moines’ newest urban neighborhood—this home offers walkability to downtown amenities, trails, dining, and entertainment. Lot is available now; home is a proposed build and can be fully customized to your lifestyle. TAX ABATEMENT ELIGIBLE! If you're dreaming of a custom home tailored to your style, needs, and vision, our New Home Concierge is here to guide you—reach out today to schedule a meeting and let’s start bringing your ideas to life.

Getting Around

39
WalkingCar-Dependent
44
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

4/10
Walnut Street SchoolGrades PK-50.6 mi
3/10
Callanan Middle SchoolGrades 6-81.7 mi
4/10
Roosevelt High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 2025

Materials

  • Foundation: Poured,Slab
  • Roof: See Remarks
  • Construction materials: Brick,Cement Siding

Other

  • Builder name: Embarq Signature Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: Modern,Three Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Microwave,Refrigerator,See Remarks,Stove,Wine Cooler,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2
  • Main level bedrooms: 1

Features

  • Dining Area,Eat-in Kitchen,See Remarks
  • Flooring: Carpet,Tile
  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 3,634
  • Total interior livable area: 3,634 sqft

Property

Details

  • Parcel number: 020/01491000066
  • Zoning: R

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Covered,Deck,Open,Patio,Porch,Screened
  • Exterior features: Deck,Enclosed Porch,Outdoor Kitchen,Patio

Lot

  • Lot size: 1,829 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage,Two Car Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
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 $7,809$93,708
Home Insurance *$4,943$59,316
Property Taxes $2,434$29,208
Electricity $271$3,252
Total$15,457$185,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$529,954/yr
40% on housing$463,710/yr
45% on housing$412,186/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

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: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.3%
-2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$425This listing

vs Other Active Listings

Avg $/sqft

ZIP 50309$176
Polk County$193

vs Homes Sold Last Month

Median $/sqft

ZIP 50309$70
Polk County$213

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)

Price History

DateEventPrice
2025-11-01Listed for sale$1,544,450
2023-04-20Listing removed--
2023-02-16Listed for sale$1,000,000

For Sale by Agent

AgentHanna Carlson
BrokerageHubbell Homes of Iowa, LLC

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