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.
Single-familyProperty Type
1976Year Built
3 acresLot Size
$375Est. Price/Sq.Ft.
1 spaceParking
Listed by Stephanie Villani• Compass Covington (LATT27)
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.
Year
Property tax
Land + Additions
Assessment*
2025
$1,927 (−3.4%)
$283 + $15,279
$15,562
2024
$1,996 (+193.6%)
$283 + $15,279
$15,562
2023
$680
$283 + $4,650
$4,933
2022
$679 (+0.2%)
$283 + $4,650
$4,933
2021
$678 (−0.2%)
$283 + $4,650
$4,933
2020
$680 (−3.1%)
$283 + $4,650
$4,933
2019
$702 (−0.1%)
$283 + $4,650
$4,933
2018
$702 (−0.7%)
$283 + $4,650
$4,933
2017
$707 (−0.4%)
$283 + $4,650
$4,933
2016
$710 (−1.5%)
$283 + $4,650
$4,933
2014
$721 (−0.2%)
$283 + $4,650
$4,933
2013
$722
$283 + $4,650
$4,933
Tax history for 71475 Owl Pen Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,927 (−3.4%)
$283 + $15,279
$15,562
2024
$1,996 (+193.6%)
$283 + $15,279
$15,562
2023
$680
$283 + $4,650
$4,933
2022
$679 (+0.2%)
$283 + $4,650
$4,933
2021
$678 (−0.2%)
$283 + $4,650
$4,933
2020
$680 (−3.1%)
$283 + $4,650
$4,933
2019
$702 (−0.1%)
$283 + $4,650
$4,933
2018
$702 (−0.7%)
$283 + $4,650
$4,933
2017
$707 (−0.4%)
$283 + $4,650
$4,933
2016
$710 (−1.5%)
$283 + $4,650
$4,933
2014
$721 (−0.2%)
$283 + $4,650
$4,933
2013
$722
$283 + $4,650
$4,933
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
4.01 Acres
Year renovated
—
Sq. Ft.
1,849
Year built
1978
Style
Single Family Residential
County
St. Tammany Parish
APN
1154
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 29, 2026.
PUD
Planned Unit Development District.
A planned unit development or PUD describes a zoning designation and a process whereby limited deviation from the standards of this UDC is permitted to provide flexibility to accommodate innovative, high-quality site and building design that is otherwise not possible through the application of existing standards prescribed in the UDC. PUD applications shall be reviewed according to the procedures outlined in Chapter 200, Sec. 200-3.12. To be eligible to submit an application for a PUD zoning district map amendment, a proposed development must: Contain a mix of residential and commercial uses, where uses customarily permitted inresidential areas such as golf or community clubs or recreational areas do not qualify as a commercial use meeting this requirement; and Must include the following approaches in innovative land use planning: Environmentally sensitive design that includes preservation of existing natural features of a site that is of a higher quality than would be possible under the regulations otherwise applicable to the property that reduces the risk of flood damage to life and property and enhances drainage functions.; Diversification and variation in the relationship of residential uses, open space, setbacks, and the height of structures compatible with surrounding neighborhoods, which creates a variety of housing types, environments and living units characterized by a cohesive building, sign, and site development program. Minor changes to setbacks or lot width are not considered a variety of housing types; see Ch. 100 definition of housing types for more information.