Discover this rare opportunity in one of Covington’s most desirable settings. Located within the Terra Bella Village planned development but not part of the subdivision itself, this property offers all the benefits of a premier neighborhood without HOA fees. Set on 3 picturesque acres, it’s an ideal canvas for building your dream home, creating a family compound, or exploring a unique investment or development project. Surrounded by custom and luxury homes, the existing Acadian-style residence provides a peaceful, private backdrop with endless potential—renovate, expand, or enjoy it as a guest home once your new build is complete. The current home features 2 bedrooms plus a loft, and the property also includes a large workshop and a separate small cottage, adding even more versatility. Opportunities like this are seldom available—this is the first time this property has been offered for sale since Terra Bella was developed. Whether you envision a personal estate or a strategic investment, this exceptional tract offers privacy, space, and unmatched potential in a coveted location.
Active
Price cut: $100K (11/26)
$775,000
71475 Owl Pen Rd, Covington, LA 70433
2beds
1,836sqft
Est.:
Single Family Residence
Built in 1976
3 Acres Lot
$-- Zestimate®
$422/sqft
$-- HOA
What's special
Peaceful private settingUnlimited potential for renovationSurrounded by woods
- 151 days |
- 164 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 10:19am
Listed by:
Stephanie Villani 985-373-0274,
Compass Covington (LATT27) 985-626-8589
Source: GSREIN,MLS#: 2514685
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: First
- Dimensions: 13.3x14.6
Bedroom
- Description: Flooring: Laminate,Simulated Wood
- Level: First
- Dimensions: 14.6x11.2
Breakfast room nook
- Description: Flooring: Wood
- Level: First
- Dimensions: 10.5x7.5
Kitchen
- Description: Flooring: Wood
- Level: First
- Dimensions: 10x11
Laundry
- Description: Flooring: Wood
- Level: First
- Dimensions: 13x6
Living room
- Description: Flooring: Wood
- Level: First
- Dimensions: 18.5x15
Loft
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 11x18.7
Heating
- Central
Cooling
- Central Air, 1 Unit
Appliances
- Included: Dishwasher, Oven, Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Pantry, Vaulted Ceiling(s)
- Has fireplace: Yes
- Fireplace features: Gas Starter, Wood Burning
Interior area
- Total structure area: 2,274
- Total interior livable area: 1,836 sqft
Property
Parking
- Parking features: Carport, Detached, Boat, RV Access/Parking
- Has carport: Yes
Accessibility
- Accessibility features: Accessibility Features
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Porch, Screened
- Exterior features: Enclosed Porch, Porch
- Pool features: None
Lot
- Size: 3 Acres
- Dimensions: 361.5 x 361.5
- Features: 1 to 5 Acres, Outside City Limits
Details
- Additional structures: Guest House, Workshop
- Parcel number: 1154
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Acadian
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Raised
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 1976
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Not a Subdivision
HOA
- Has HOA: No
Location
- Region: Covington
Financial & listing details
- Price per square foot: $422/sqft
- Tax assessed value: $155,621
- Annual tax amount: $1,996
- Date on market: 8/1/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Price change | $775,000-11.4%$422/sqft |
Source:  GSREIN #2514685 Report a problem | ||
| 10/24/2025 | Price change | $875,000-2.8%$477/sqft |
Source: GSREIN #2514685 Report a problem | ||
| 8/1/2025 | Listed for sale | $900,000$490/sqft |
Source: GSREIN #2514685 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,996 +193.6% | $15,562 +215.5% |
| 2023 | $680 | $4,933 |
| 2022 | -- | $4,933 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,728/mo
Principal & interest
$3005
Property taxes
$452
Home insurance
$271
Climate risks
Neighborhood: 70433
Nearby schools
GreatSchools rating
- NAMadisonville Elementary SchoolGrades: PK-2Distance: 3.2 mi
- 7/10Madisonville Junior High SchoolGrades: 7-8Distance: 4.4 mi
- 5/10Covington High SchoolGrades: 9-12Distance: 1.6 mi
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