$799,000 Last Listed Price
●
House -
Off Market
16702 Okachobee Drive
Houston, TX 77044
4 Beds
3 Baths,
2
Half Baths
4,693 Ft²
$1,068,417
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Exceptional opportunity to experience luxury lakefront living in
the gated community of Waters Edge! This waterfront custom
built home sits on over an acre lot w/ swimming pool, boat dock &
lift. Rare oversized 51K SF lot features home with 4 bedrooms,
3Full/2half baths, game room, media room, home office, and 4 car
garage plus additional parking. Endless possibilities abound in
this home's 700+ sq ft covered patio! First floor primary suite
boasts bath w/ jetted tub, huge closet. Enjoy great fishing
activities from the boat dock and experience ease in the concealed
boat parking in the courtyard area. This lovely home also offers a
well fitted out workshop in the main garage. The fenced yard offers
plenty of green space that creates a relaxing atmosphere while you
take in magnificent views overlooking serene Lake Houston. The home
has never flooded. Water's Edge has amenities including walking
trails, fitness center, splash pad, and is zoned to desirable Lake
Shore Elementary!
Unit Size
4,693 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$170
Property Type
House
Property Taxes
$2,400
HOA Dues
$20
Year Built
2007
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: 4 months ago (HAR #41623789)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2020 | Sold | ||
| Sold | |||
| Sep 4, 2020 | Listed by Keller Williams Realty | $799,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Exceptional opportunity to experience luxury lakefront living in the gated community of Waters Edge! This waterfront custom built home sits on over an acre lot w/ swimming pool, boat dock & lift. Rare oversized 51K SF lot features home with 4 bedrooms, 3Full/2half baths, game room, media room, home office, and 4 car garage plus additional parking. Endless possibilities abound in this home's 700+ sq ft covered patio! First floor primary suite boasts bath w/ jetted tub, huge closet. Enjoy great fishing activities from the boat dock and experience ease in the concealed boat parking in the courtyard area. This lovely home also offers a well fitted out workshop in the main garage. The fenced yard offers plenty of green space that creates a relaxing atmosphere while you take in magnificent views overlooking serene Lake Houston. The home has never flooded. Water's Edge has amenities including walking trails, fitness center, splash pad, and is zoned to desirable Lake Shore Elementary!
| |||
Property Highlights
Garage
Fireplace
With View
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 Lake Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lisa Rimmer Iglesias, Keller Williams Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 41623789
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: 4 months ago
Data Source: HAR , MLS# 41623789
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017