Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    640 Tete Lours Dr, Unit 28 Mandeville, LA 70471

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,900

    3-bedroom condo with golf course views and community amenities.

    Property size:
    1,665 SF

    Property Features for 640 Tete Lours Dr

    General Information

    Size
    1,665 SF

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Melissa Richoux
    Source: Kw

    Listing Agent: Melissa Richoux

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Golf Course View Condo

    This well-maintained condo in Beau Chêne features 3 bedrooms and 2 bathrooms. The home includes quartz countertops, vaulted ceilings, and a fireplace. A spacious laundry room is also featured. The property offers a deck overlooking the golf course. Community amenities are available for a fee, including access to two championship golf courses, tennis courts, swimming pools, and a clubhouse. HOA fees cover security gates, water, sewer, trash, termite control, exterior insurance, exterior wall maintenance including the roof, driveways, and landscaping. The property size is 1665 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.10613
    Latitude
    30.407661

    Nearby Similar for Sale

    • $1,890,000
      5,456 SF

      Versatile Property Near Lake Pontchartrain

      Bed & Breakfast or private residence near Mandeville lakefront.
      124 Lafitte St St, Mandeville, LA 70448
      View Details
    • New
      $519,900
      2,992 SF

      Updated Duplex in Old Mandeville

      Updated duplex in Old Mandeville with modern amenities and parking.
      800 Carroll St, Mandeville, LA 70448
      View Details
    • New
      $514,900
      2,992 SF

      Updated Duplex in Old Mandeville

      Updated duplex with modern amenities and covered parking in Mandeville.
      804 Carroll St, Mandeville, LA 70448
      View Details
    • $649,000
      1,884 SF

      Highway 59 Commercial Space

      Commercial space on Highway 59, ideal for retail or office.
      4055 Hwy 59 Hwy, Mandeville, LA 70471
      View Details
    • $1,231,000
      120 SF

      Established Auto Repair Business Included

      Turn-key auto repair business with building, land, equipment, and client database.
      765 Asbury Dr, Mandeville, LA 70471
      View Details
    • $3,250,000
      16,787 SF

      Two-Story Office Building in Mandeville

      Professional office building with ample parking and high visibility.
      735 North Causeway Blvd, Mandeville, LA 70448
      View Details
    • Contact for pricing

      New Class A Industrial Development

      Modern distribution and logistics facility with superior access and infrastructure.
      La-1088, Mandeville, LA 70471
      View Details
    • $2,350,000
      5,456 SF

      Lakefront Bed & Breakfast Opportunity

      Income-producing property near Lake Pontchartrain in Old Mandeville.
      124 Lafitte St, Mandeville, LA 70448
      View Details
    • $2,500,000
      19,946 SF

      Mandeville Retail Center Value-Add Opportunity

      19,946 SF retail center, shadow-anchored by Walmart Neighborhood Grocer.
      3017 Causeway Approach E, Mandeville, LA 70448
      View Details
    • $189,000
      1,060 SF

      Bayou Castine Condo with Amenities

      Well-maintained 2BR/2BA condo with bayou access and Tammany Trace.
      1025 Villere St, Mandeville, LA 70448
      View Details
    • $1,724,700
      5,749 SF

      Beau Chene Office Park Building

      Mixed-use building in a large subdivision, customizable to buyer.
      102 Fountainbleau Dr, Mandeville, LA 70471
      View Details
    • $649,000
      6,415 SF

      Mandeville Commercial Building Investment

      High-Visibility Multi-Tenant Property in Mandeville
      639 Lotus Dr, Mandeville, LA 70471
      View Details

    FAQs

    What type of property is this?
    Single family property - 3-bedroom condo with golf course views and community amenities.
    Where is this single family property located?
    The property is located at 640 Tete Lours Dr, Unit 28 Mandeville, LA.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Enjoy golf course views and living in Beau Chêne.; - Access to community amenities including golf courses, tennis, pools, and clubhouse (with fee).; - HOA covers security gates, water, sewer, trash, termite control, exterior insurance, exterior maintenance (including roof), driveways, and landscaping.
    Request Owner's contact information
    640 Tete Lours Dr, Unit 28 Mandeville, LA 70471
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 Tete Lours Dr, Unit 28
    Mandeville, LA 70471
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    640 Tete Lours Dr, Unit 28 Mandeville, LA 70471
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Melissa Richoux
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.