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407 Live Oak Dr, Lafayette, LA, 70503

2beds
2baths
2,526sqft
$650,000
$257price/sqft
$4,533/moest. monthly cost
$181,320/yrincome needed

About This Home

407 Live Oak Dr. is a well known residence in Lafayette individualized by its unique design and incredible landscaping, and has been featured in several magazines and news articles. The courtyard creates a beautiful private oasis while the carved gate opens to passersby. The backyard is a tropical paradise and includes an impressive 250 year old Live Oak tree which canopies over most of the yard and house. The yard is completely enclosed creating a very lovely and secure haven. Inside the home you are welcomed by beautiful warm cypress trimming the doorways, windows and ceilings throughout. The doorframes and most window frames have been taken to the ceilings creating the illusion of high ceilings, a clever and very effective treatment providing a greater sense of spaciousness. The floors are scored, stained and polished concrete. The windows are double-paned and in abundance. The outdoors becomes the indoors. The room that best exemplifies this is the den/sunroom. Just lovely. This is a wonderful home which has been converted to a two bedroom, but the conversion is a great one. For empty nesters, the master suite is at one end of the home and has windows looking out into the impressive oasis from three different locations. The master bath is large with a roman tub complete with a picture window and views of the backyard. The second bedroom is very large and at the other end of the home with a private bath creating a fantastic apartment for guests, or if kids are still about, a room for them giving parents and kids a bit of space. Extensive renovations have been done this past year, including redesigning the courtyard with flagstone and ground covers; rebuilding the brick arch and creating the entry gate; trimming trees and removing overgrowth; reworking landscaping and driveway; creating, rebuilding and painting fencing and gates; replacing all kitchen and laundry room appliances with top of the line; replacing all ceiling fans with Minka fans, and repainting the interior. This home is one of a kind. Just stunning.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

8/10
9/10
9/10
Lafayette High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1970

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range / Oven,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Tile,Concrete,Laminate
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,526 sqft

Property

Details

  • Parcel number: 6027701

Features

  • Exterior features: Stucco,Wood,Brick
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 0.50 Acres

Parking

  • Total spaces: 2
  • Parking features: Garage

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

  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Hurricane
Lightning
Inland Flooding

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

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 $3,286$39,432
Home Insurance *$749$8,988
Property Taxes $308$3,696
Electricity $190$2,291
Total$4,533$54,396
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$155,417/yr
40% on housing$135,990/yr
45% on housing$120,880/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

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: 6.2%
6.2%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$257This listing

vs Other Active Listings

Avg $/sqft

ZIP 70503$172
Lafayette Parish$157

vs Homes Sold Last Month

Median $/sqft

ZIP 70503$145
Lafayette Parish$149

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
2026-07-24Price change$650,000
2026-06-26Listed for sale$675,000
2024-06-05Sold--
2024-05-10Pending sale$550,000
2023-11-27Listed for sale$550,000
2005-08-12Sold--

For Sale by Owner

AgentProperty Owner

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