$635,740
↓ $10K (1.5%)
●
House -
For Sale
1232 Emerald Lake Drive
Katy, TX 77493
5 Beds
4 Baths
3,221 Ft²
$3,226
Est. Monthly
$104
HOA / Fees
About This Property
New Construction - estimated completion December. NOW SELLING in
the Lakes of Cane Island! The Rivers is beautifully designed
featuring 5 bedrooms, 4 baths, dedicated study, game room, and
extra storage in the 2 car garage. Stunning 20' ceilings in the
family room create an open, airy feel. The space flows seamlessly
into the casual dining area and Chef's kitchen, where a large
island, stacked upper glass cabinets, and large walk-in pantry will
make you want to cook at home. The private primary suite offers a
spa-like bath with separate vanities, soaking tub, walk-in shower,
and massive closet connected to the utility room for laundry day
ease. Another bedroom and full bath plus a study round out the 1st
floor. Upstairs, 3 bedrooms, 2 full baths, and a spacious game room
with loft area create flexible space for everyone. The covered
outdoor living area is perfect for coffee mornings and dinners
outside and this lot has no rear neighbors!
Unit Size
3,221 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
-
HOA Dues
$104
Year Built
-
Listed By
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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: 4 days ago (HAR #45725117)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$635,740
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Oct 14, 2026 | Price Decreased |
$645,740
↓ $41K
(5.9%) | |
| Price Decreased | |||
| Sep 28, 2026 | Listed by Chesmar Homes | $686,240 | |
| Listed by Chesmar Homes | |||
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Oversized, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: High Ceilings, Formal Entry/Foyer, 2 Bedrooms Down, 3 Bedrooms Up, En-Suite Bath, Primary Bed - 1st Floor, Walk-In Closet(s)
Appliances: ENERGY STAR Qualified Appliances, Water Heater, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
Flooring Type: Carpet, Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 3221
Architectural Style: Traditional
Year Built Source: Builder
Year Built: 2026
Builder Name: Chesmar Homes
Building Area Total: 3221
Window Features: Window Coverings, Insulated/Low-E windows
Construction Materials: Batts Insulation, Brick, Cement Siding, Stucco, Insulation - Blown Fiberglass
Patio and Porch Features: Covered, Porch
Lot Features: Back Yard, Subdivided, 1/4 Up to 1/2 Acre
Lot Size Area: 0.19
Lot Size Units: Acres
Lot Size Acres: 0.19
Lot Size Square Feet: 8276.4
Lot Size Dimensions: 60 x 130
Water Source: Public
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Jogging Path, Playground, Pool, Sport Court, Pond
HOA Fee: $1,250
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Waller
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Listed by: Clay Woodard, Chesmar Homes
Last Updated: 4 days ago
Data Source: HAR , MLS# 45725117
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Last Updated: 4 days ago
Data Source: HAR , MLS# 45725117
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