16863 Big Reed Drive
About This Property
The Groves community has the following: Resort Style Pool, Adaptive Sports Complex, Circuit Park, Amenity Center, Lifestyle Center, Fish Camp, Exploration Trails, Mini Groves Toddler Park and other amenities!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by RE/MAX East | $335,000 | |
| Listed by RE/MAX East | |||
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Nestled within the prestigious The Groves community, this single-story garden home residence invites you to experience a lifestyle of comfort & sophistication. Boasting meticulous craftsmanship and an open floor plan, this home is designed for both seamless living and effortless entertaining. Masterful Design: The split master suite ensures privacy, offering a tranquil retreat separate from the two additional bedrooms. Work from home in the front study! Each detail reflects a commitment to luxury and relaxation. Gourmet Kitchen: The heart of the home features granite countertops, a kitchen island with seating, top-of-the-line appliances, and a gas stove, catering to your culinary aspirations. Window Decor: Enjoy abundant natural light and privacy with 2" blinds. Outdoor space: Enjoy the covered back porch as your cozy retreat. Location Advantage: Conveniently located just minutes away from shopping and schools - View this rare find located on a corner lot!
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| Aug 12, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by JLA Realty | $315,000 | |
| Listed by JLA Realty | |||
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3 bedroom, 2 bathroom home with a study located in The Groves community in the Lake Houston area! This beauty is situated on a huge corner lot offering plenty of room for play and entertainment. The large living room is open to the kitchen and breakfast area featuring beautiful wood-tile flowing throughout this space. The split floor plan has the master bedroom tucked away from the other bedrooms offering extra privacy. The home has tasteful upgrades to include hand pinstriped cabinets, recessed lighting, wood-tile, arched walkways, and beautiful granite. The kitchen features stainless steel appliances, a large walk-in pantry & an island with bar seating.
The Groves community has the following: Resort Style Pool, Adaptive Sports Complex, Circuit Park, Amenity Center, Lifestyle Center, Fish Camp, Exploration Trails, Mini Groves Toddler Park and other amenities!
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About Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 78009614
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