$799,000
●
Land -
For Sale
12715 Memorial Drive
Houston, TX 77024
Studio
0 Bath
$4,877
Est. Monthly
$40
HOA / Fees
About This Property
Rare opportunity to secure a cleared lot in the highly desirable
Memorial Bend community. Surrounded by luxury new construction and
established estate homes, this property offers an ideal setting for
a custom residence tailored to your vision. Zoned to top-rated
Rummel Creek Elementary, Memorial Middle School, and Memorial High
School, this premier location combines prestigious schools with
unmatched convenience. Just minutes from CityCentre, Town & Country
Village, Memorial City, and Houston's finest dining and shopping
destinations. Whether you're a builder, developer, or future
homeowner, this exceptional homesite presents endless possibilities
in one of Memorial's most coveted neighborhoods.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$913
HOA Dues
$40
Year Built
1956
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 27 days ago (HAR #46225177)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Listed by eXp Realty LLC | $799,000 | |
| Listed by eXp Realty LLC | |||
| Aug 4, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 4, 2026 | Listed by eXp Realty LLC | $799,000 | |
| Listed by eXp Realty LLC | |||
   | |||
|
Rare opportunity to secure a cleared lot in the highly desirable Memorial Bend community. Surrounded by luxury new construction and established estate homes, this property offers an ideal setting for a custom residence tailored to your vision. Zoned to top-rated Rummel Creek Elementary, Memorial Middle School, and Memorial High School, this premier location combines prestigious schools with unmatched convenience. Just minutes from CityCentre, Town & Country Village, Memorial City, and Houston's finest dining and shopping destinations. Whether you're a builder, developer, or future homeowner, this exceptional homesite presents endless possibilities in one of Memorial's most coveted neighborhoods.
| |||
| Jun 22, 2026 | Listed by eXp Realty LLC | $799,000 | |
| Listed by eXp Realty LLC | |||
   | |||
|
Rare opportunity to secure a cleared lot in the highly desirable Memorial Bend community. Surrounded by luxury new construction and established estate homes, this property offers an ideal setting for a custom residence tailored to your vision. Zoned to top-rated Rummel Creek Elementary, Memorial Middle School, and Memorial High School, this premier location combines prestigious schools with unmatched convenience. Just minutes from CityCentre, Town & Country Village, Memorial City, and Houston's finest dining and shopping destinations. Whether you're a builder, developer, or future homeowner, this exceptional homesite presents endless possibilities in one of Memorial's most coveted neighborhoods.
| |||
Property Highlights
Exterior Details
Lot Features: Level, Cleared, Subdivision, 1/4 Up to 1/2 Acre
Lot Size Area: 0.2824
Lot Size Units: Acres
Lot Size Acres: 0.2824
Lot Size Square Feet: 12301.344
Water Source: Public
Financial Details
Tax Annual Amount: $10,955
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Park, Trail(s)
HOA Fee: $480
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Westside
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: May Pham, eXp Realty LLC
Last Updated: 27 days ago
Data Source: HAR , MLS# 46225177
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
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: 27 days ago
Data Source: HAR , MLS# 46225177
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017