$510,000 Last Listed Price
●
House -
Off Market
1224 Nelson Falls Lane
Houston, TX 77008
3 Beds
2 Baths,
2
Half Baths
2,518 Ft²
$516,989
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Welcome home to 1224 Nelson Falls Lane located in the sought-after
Heights Shady Acres Area! This rare 3 bedroom, 2 full & 2 half
bathrooms 1st FLOOR LIVING gated community home is conveniently
located next to the many area restaurants, breweries, coffee shops,
parks & hike/bike trails. First floor living with open concept
living, dining & kitchen w/ beautiful hardwood floors, waterfall
quartz kitchen countertops, high ceilings & crown molding. All 3
bedrooms are on the 2nd floor w/ game room & spacious outdoor deck
on the 3rd floor. The 3rd floor has a huge media/game room w/ a wet
bar & beverage fridge, half bath, plus access to the rooftop deck.
Make memories and enjoy those Texas sunsets from this spacious
terrace. Tankless water heater, added insulation, stainless
appliances, gas range & built in surround sound speakers on all 3
floors! HOA includes water, sewer, landscape maintenance, 2X weekly
trash, recycling & gate maintenance. Make sure to schedule your
showing today!
Unit Size
2,518 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$203
Property Type
House
Property Taxes
$856
HOA Dues
$154
Year Built
2012
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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: 5 months ago (HAR #6925975)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 12, 2025 | Listed by Martha Turner Sotheby's International Realty | $529,950 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Located in a gated community in the sought-after Shady Acres/Heights area, this patio home offers three levels of easy, low-maintenance living designed for comfort and entertaining. The first floor features an open layout with hardwood floors, high ceilings, crown molding, and a striking waterfall quartz island that anchors the kitchen and creates a natural gathering space. The second floor provides a private retreat with a spacious primary suite and two secondary bedrooms connected by a Hollywood bath, offering flexibility for guests, work-from-home needs, or family living. The third floor is designed with lifestyle in mind, featuring a built-in wet bar with beverage refrigerator, a generous game room with its own half bath, and French doors that open to a large rooftop deck—perfect for relaxing evenings or weekend gatherings. With close proximity to Heights dining, shopping, and major roadways, this home blends modern style with a vibrant urban lifestyle.
| |||
| Dec 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 15, 2025 | Price Decreased |
$555,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Sep 17, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Central Houston
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Listed by: Richard Garcia, RE/MAX Signature
Last Updated: 5 months ago
Data Source: HAR , MLS# 6925975
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Last Updated: 5 months ago
Data Source: HAR , MLS# 6925975
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