An established neighborhood in the east of the city, whose name was approved by the village council in 1939: semi detached houses on David Elazar and Einstein Streets, apartment buildings along Ahuza Street, and new urban renewal buildings
Lester is an established neighborhood in east Raanana, west of Route 4, with Ahuza Street running through it. According to GovMap, Israel’s official mapping service, Neve David Remez lies to the west, Neot Tzvi to the east, and Neighborhoods 2004 and 2008 to the north.
RS Nadlan is a real estate marketing and brokerage company active in Tel Aviv, Ramat HaSharon, Herzliya, Raanana and Kfar Saba, specializing in neighborhoods of private homes and luxury properties. We accompany buyers and sellers in Lester with complete discretion, including properties that are never publicly listed.
Lester’s name was approved by the village council in 1939, and most of the buildings and houses in recorded deals were built in the 1970s and 1980s. Since January 2023, 56 deals have been recorded, and an apartment sold for a median of about ₪3.15 million, or about ₪34,000 per m², in line with the city median.
Based on 56 recorded deals from January 2023 to August 2026, an apartment in Lester sold for a median of about ₪3.15 million, or about ₪34,000 per m², almost identical to the median for Raanana as a whole. A semi detached house sold for a median of about ₪5.83 million.
Medians, January 2023 to August 2026, after removing duplicates, deals under ₪800,000 and deals with irregular records, such as sales of partial ownership shares or houses registered as apartments. Prices by room count and per m² refer to apartments in multi unit buildings. Price per m² is based on built area. Room counts include the living room.
According to an RS Nadlan analysis of 56 recorded deals in Lester, from January 2023 to August 2026, the median apartment price is about ₪3.15 million, or about ₪34,000 per m², almost identical to the city median. A semi detached house sold for a median of about ₪5.83 million, with a median size of 169 m².
Recorded deals reported to the Israel Tax Authority, after removing duplicates. Assignment follows the Lester boundary in GovMap and address lookup: deals in Neot Tzvi, labeled together with Lester in the data, are excluded, and deals labeled Kiryat David Remez that lie within Lester are included. Updated October 2026.
What is your property worth, based on the deals on your street? Request a valuation ›
| Date | Street | Property type | Rooms | Price | ₪ per m² |
|---|---|---|---|---|---|
| 6.2026 | Ahuza | Apartment in a new building, first floor | 5 | ₪4.125 million | ₪34,664 |
| 5.2026 | David Elazar | Apartment, sixth floor | 5 | ₪4.4 million | ₪26,994 |
| 3.2026 | David Elazar | Apartment, third floor and roof | 5 | ₪3.55 million | ₪25,399 |
| 2.2026 | Ahad HaAm | Apartment, third floor | 4 | ₪2.95 million | ₪42,143 |
| 2.2026 | David Elazar | Apartment, first floor | 5 | ₪4.64 million | ₪44,615 |
| 2.2026 | Ravutsky | Apartment, second floor | 2.5 | ₪2.2 million | ₪29,333 |
| 5.2025 | Mordechai Bentov | Semi detached house | 7 | ₪5.75 million | ₪39,116 |
| 4.2025 | David Elazar | Semi detached house | 5 | ₪6.74 million | ₪39,858 |
| 2.2025 | David Elazar | Detached house | 6 | ₪6.93 million | ₪41,006 |
| 8.2024 | Einstein | Semi detached house | 6 | ₪6.3 million | ₪33,690 |
Lester holds two markets: apartments in buildings from the 1970s and 1980s and in new buildings along Ahuza, Ahad HaAm and David Elazar Streets, which sold at a median of about ₪3.15 million, or about ₪34,000 per m², and houses, most of them semi detached, from the 1970s to the 1990s.
A selection of recorded deals, newest to oldest. Price per m² is based on the registered built area. Asking prices are not included. Room counts follow the Israeli convention, which includes the living room.
A valuation grounded in recorded deals on the same street and for the same type of property, and in the characteristics of your property, at no cost. And for those searching, discreet updates on properties that never reach the listings.
Lester lies in east Raanana, west of Route 4, with Ahuza Street running through it. Neve David Remez is to the west, Neighborhoods 2004 and 2008 to the north, Neot Tzvi, the new strip between Lester and Route 4, to the east, and the Southeast neighborhood to the south.
Semi detached houses from the 1970s to the 1990s on David Elazar, Einstein, Ravutsky, Mordechai Bentov and HaRav Efraim Streets, alongside older apartment buildings. David Elazar is the street with the most deals.
Apartment buildings from the 1970s and 1980s, alongside a new building at 42 Ahuza Street, where apartments of 4 and 5 rooms have sold since 2023 for ₪3.15 to 5.4 million.
Large detached houses, among them a 532 m² house on Ben Yehuda Street, built in 2017 and sold for ₪18 million in 2025.
According to Merkaz HaNadlan, five old buildings on David Elazar Street were demolished, and five new buildings are rising in their place in a project by Erez Tirosh.
Open in mapThe name goes back to the minutes of the village council of 10 May 1939: according to Merkaz HaNadlan, B. Lester asked that the neighborhood he had built be called the Lester neighborhood, and the council agreed. Judging by the construction years in recorded deals, most of the neighborhood’s buildings and houses date from the 1970s and 1980s, alongside new buildings from the 2020s.
According to Merkaz HaNadlan, under its own definition of the neighborhood, about 5,000 people live in Lester (2024) in about 1,745 apartments (2025), and it ranks in socioeconomic cluster 8 out of 10. The mix is varied: about two thirds of the deals are apartments, and the rest houses.
Ahuza Street, Raanana’s historic commercial street, runs through the neighborhood, and according to GovMap it also has a local shopping center. Public gardens and synagogues are spread between the homes, and the neighborhood has two elementary schools.
Gan HaEla, Gan Sheshet HaYamim, Gan Einstein, Gan Mapu, Gan Ravutsky and Gan Ahad HaAm.
The Moreshet Avot, Heichal Uriel, Kehilat Ariel, Adat Israel and El Olam synagogues, and the Moreshet Avot community center.
Ahuza Street runs through the neighborhood, and according to GovMap it has a local shopping center.
The Open University campus, which moved to Raanana in 2004, is in the east of the city on Ravutsky Street, near Raanana North junction.
School placement in Raanana follows the municipality’s registration zones and the home address, so it is worth confirming with the Education Department of Raanana Municipality before buying.
Dekel elementary school, within the neighborhood.
A state religious elementary school within the neighborhood.
Placement is set by address. It is advisable to check middle and high school placement with the Education Department as well.
According to Merkaz HaNadlan, the roads serving Lester are good: the neighborhood lies along Ahuza Street and close to the Route 4 interchange. Public transport was rated poor, with few lines and only two at high frequency.
Ahuza Street, part of Route 541, runs through the neighborhood, and Route 4 passes to its east.
According to Merkaz HaNadlan, few lines, two of them at high frequency, some reaching central Tel Aviv.
Raanana South station is near the Raanana interchange.
According to Merkaz HaNadlan, there are no cycle paths within the neighborhood. The northern section of the M1 metro line has been approved, with no confirmed opening date.
Lester holds several markets in one neighborhood: apartments in older buildings, apartments in new urban renewal buildings, semi detached houses and large detached homes. In semi detached houses the price per m² is about 15% higher than in apartments, so we price according to deals on the same street and for the same type of property, not a neighborhood average.
RS Nadlan handles transactions in the neighborhoods of north Tel Aviv and the Sharon region, and knows the families looking for a home in Raanana. When it is right for the seller, we present the property directly to suitable buyers.
For owners considering selling an apartment or house in Lester, we offer exclusive representation with a discreet marketing plan, and for those searching we present properties for sale in Raanana. We also operate as a real estate agency in Raanana, across every neighborhood of the city.
In east Raanana, west of Route 4, with Ahuza Street running through it. According to GovMap, Neve David Remez lies to the west, Neighborhoods 2004 and 2008 to the north, and Neot Tzvi to the east.
According to Merkaz HaNadlan, in the minutes of the village council of 10 May 1939, B. Lester asked that the neighborhood he had built be named after him, and the request was approved.
In recorded deals from January 2023 to August 2026, the median apartment sold for about ₪3.15 million, or about ₪34,000 per m². A 4 room apartment sold for a median of about ₪3.03 million, and 5 rooms about ₪4.125 million, with the living room counted as a room.
The median price per m² for apartments, about ₪34,000, is almost identical to the city median of about ₪34,100. According to Merkaz HaNadlan, prices of new apartments in Lester are up to about 7% below the city average.
Since 2023, 13 semi detached houses sold at a median of about ₪5.83 million and 4 detached houses at a median of about ₪6.94 million. A new 532 m² house on Ben Yehuda Street sold for ₪18 million in 2025.
In GovMap, Neot Tzvi is a separate neighborhood, a narrow strip between Lester and Route 4, with new buildings on Shulamit Aloni and Flora Sasson Streets. The transaction data labels it together with Lester, but the figures on this page refer to Lester alone.
Placement follows Raanana Municipality’s registration zones and should be confirmed with the Education Department. Within the neighborhood are Dekel school and the Ariel state religious school.
Yes. According to Merkaz HaNadlan, 426 apartments are under construction and about 75 more in planning, including a TAMA 38/2 project by Erez Tirosh on David Elazar Street, in which five old buildings are being replaced by five new ones. TAMA 38 is Israel’s building reinforcement and redevelopment scheme.
From the RS Nadlan professional blog
An RS Nadlan representative will contact you about your inquiry. We have also sent a confirmation to the email address you entered.
