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1011 Lee Ave, Lafayette, LA, 70501

7beds
5baths
5,238sqft
$990,000
$189price/sqft
$7,358/moest. monthly cost
$294,320/yrincome needed

About This Home

Three homes. One iconic property. Endless possibilities. Originally built in 1880, this property offers a true commercial and/or residential live-work experience, located right in the heart of Lafayette's Central Business District — directly across from the Juliet Boutique Hotel, with plenty of nearby parking and situated in a designated Opportunity Zone. Main House (1011 Lee): 4 bed / 3 bath Adjacent Residence (1015 Lee): 2 bed / 1 bath Carriage House (rear) 1011 B Lee: 1 bed / 1 bath — a proven AirBnB favorite All three beautifully maintained, historic structures could be purchased together or separately — ideal for live - work, a spa and wellness center, medical office, bed & breakfast, bistro, downtown welcome center, pet boarding/grooming, or simply an unforgettable personal residence. For sale by owner: (337) 945-2025

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

6/10
5/10
5/10
Northside High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1880

Materials

  • Roof: Metal

Type & Style

  • Home type: Unknown
  • Architectural style: Traditional

Interior

Appliances

  • Appliances included: Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Master Bath,Built-in Features,Wired for Data,Office
  • Flooring: Tile,Linoleum / Vinyl

Heating & Cooling

  • Heating features: Other,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 5,238 sqft

Property

Details

  • Parcel number: 6034025

Features

  • Patio & porch: Porch
  • Exterior features: Wood

Lot

  • Lot size: 0.46 Acres

Parking

  • Total spaces: 4
  • Parking features: Carport,Off-street

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

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Hurricane
Heat Wave
Inland Flooding
Ice Storm

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 $5,005$60,060
Home Insurance *$1,487$17,844
Property Taxes $470$5,640
Electricity $396$4,752
Total$7,358$88,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$252,274/yr
40% on housing$220,740/yr
45% on housing$196,213/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

$189This listing

vs Other Active Listings

Avg $/sqft

ZIP 70501$59
Lafayette Parish$157

vs Homes Sold Last Month

Median $/sqft

ZIP 70501$125
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)

No zestimate history available

Price History

DateEventPrice
2026-07-25Listed for sale$990,000
2026-01-28Listing removed$825,000
2024-11-12Listed for sale$825,000
2024-11-06Listed for rent$3,300
2024-10-01Listing removed$3,300
2024-08-05Listed for rent$3,300
2022-02-08Listing removed--
2021-10-19Pending sale$500,000
2021-09-13Price change$500,000
2021-05-27Listed for sale$650,000
2021-01-20Listing removed$650,000
2020-11-14Listed for sale$650,000
2019-06-06Listing removed$1,000,000
2018-02-05Listed for sale$1,000,000
2000-10-02Sold--

For Sale by Owner

AgentProperty Owner

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