33
Map
$699,950
↓ $20K (2.8%)
●
House -
For Sale
16018 Lower Lake Drive
Cypress, TX 77433
5 Beds
4 Baths,
1
Half Bath
4,061 Ft²
$4,820
Est. Monthly
$92
HOA / Fees
About This Property
Welcome to 16018 Lower Lake Drive-a showstopping waterfront,
2-story home tucked away on a large quiet cul-de-sac lot in
Fairfield, one of Cypress' most loved master-planned communities.
The home is enhanced with rich hardwood floors, crown molding and
timeless finishes that create a warm, upscale feeling. Dynamic
layout with a private study with French doors, formal dining space,
bright family room with serene lake views and a large kitchen with
island, stainless steel appliances, double ovens, a 5-burner gas
cooktop, abundant cabinetry, large panty and a convenient built-in
desk. Downstairs offers a family-friendly setup with two bedrooms
on the first floor, including the primary suite with an ensuite
bath and lake views. Upstairs, family and guests will love the
large game room with balcony access, plus three secondary bedrooms
and two full baths. Just off the Living area a covered patio,
sparkling pool, and relaxing hot tub/spa, all set against and
overlooking the beautiful lake.
Unit Size
4,061 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$172
Property Type
House
Property Taxes
$1,291
HOA Dues
$92
Year Built
2002
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 months ago (HAR #54914853)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2026 | Price Decreased |
$699,950
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Mar 30, 2026 | Listed by Keller Williams Memorial | $720,000 | |
| Listed by Keller Williams Memorial | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Nov 13, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 3, 2025 | Price Decreased |
$698,000
↓ $22K
(3.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Balcony
Appliances: Disposal, Water Softener, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator Included
Flooring Type: Carpet, Tile, Engineered Wood
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Gas
Fireplaces: 1
Exterior Details
Square Footage: 4061
Architectural Style: Traditional
Year Built: 2002
Building Area Total: 4061
Construction Materials: Brick, Vinyl Siding, Wood Siding
Pool Features: In Ground, Pool With Hot Tub Attached
Pool is Private
Lot Features: Corner Lot, Cul-De-Sac, Subdivided, 1/4 Up to 1/2 Acre
Lot Size Area: 0.2582
Lot Size Units: Acres
Lot Size Acres: 0.2582
Lot Size Square Feet: 11247.192
Water Source: Public
Financial Details
Tax Annual Amount: $15,489
Utilities Details
Cooling Type: Electric
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA Fee: $1,100
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Fairfield Village
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Listed by: Michael Stavinoha, Keller Williams Memorial
Last Updated: 4 months ago
Data Source: HAR , MLS# 54914853
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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: 4 months ago
Data Source: HAR , MLS# 54914853
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