50
Map
Video Tour
$600,000 Last Listed Price
●
House -
Off Market
1206 Paralee Drive
Katy, TX 77494
4 Beds
3 Baths,
1
Half Bath
3,406 Ft²
$4,050
Est. Monthly
$119
HOA / Fees
About This Property
This beautiful home offers 4 bedrooms, 3 full & 1 half baths, a
2-car garage, & spacious backyard w/a pool. Step inside & find a
home office w/wood flooring, fireplace, & built-in bookshelves. The
living room has high ceilings, lots of windows, fireplace, built-in
shelving/cabinetry, & art niches. The kitchen features granite
counters, white cabinetry w/pinstripe detailing, center island
w/prep sink, wine bottle storage, & walk-in pantry. The primary
suite has a separate sitting area w/a fireplace & an ensuite bath
w/dual vanities, whirlpool tub, separate shower, & generous walk-in
closet. Upstairs you'll find three additional bedrooms, two full
bathrooms, media room, & game room. Your large backyard has a pool,
hot tub, covered patio, and kitchen area. Recent updates include a
new roof (2023), new water heater (2020), new fence (2025), new
HVAC system (2025), & a new pool pump (2025) (see attached upgrades
list for a complete summary). Zoned to Katy ISD and nearby shopping
and dining!
Unit Size
3,406 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$176
Property Type
House
Property Taxes
$985
HOA Dues
$119
Year Built
2006
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 23 days ago (HAR #62858766)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by Keller Williams Premier Realty | $600,000 | |
| Listed by Keller Williams Premier Realty | |||
| Apr 30, 2020 | Sold | ||
| Sold | |||
| Mar 29, 2020 | Listed by Priority One Real Estate | $429,990 | |
| Listed by Priority One Real Estate | |||
| | |||
|
Picture yourself living in this magnificent home located in the Highly desired Grayson Lakes community. This original Model Home has all of the bells and whistles you have been looking for. It features an open concept family, kitchen, breakfast area with elegant high soaring ceilings, a fireplace and great natural light. The kitchen features a nice walk in pantry and plenty of cabinet space. The master bedroom has an extended seating area with its own fireplace. Master bath features a separate shower/tub, with split vanities. You can read a book in the study area near it's fireplace. That's right, THREE fireplaces. Upstairs you'll find a great game room with also a media room. Once you're tired of being inside the home, you can sit and enjoy all of your favorite activities in the huge covered patio at the back, relax in the Jacuzzi, or go for a splash in the pool. Want to know more, give me a call or contact your favorite realtor and set up a showing.
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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About Country Lakes
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Listed by: Brandon Scott, Keller Williams Premier Realty
Last Updated: 23 days ago
Data Source: HAR , MLS# 62858766
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purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 23 days ago
Data Source: HAR , MLS# 62858766
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