46
Map
$450,000
●
House -
For Sale
1940 Purswell Road
Houston, TX 77055
3 Beds
3 Baths,
1
Half Bath
2,544 Ft²
Upcoming Open House
11AM - 1PM, Sun, Oct 18
-
Book now
$2,978
Est. Monthly
$92
HOA / Fees
About This Property
An elegant, beautifully designed brand-new build with every luxury
feature and modern amenity you could ask for. Soaring ceilings,
unique character at every turn, and an expansive floor plan give
you room to work remotely in complete comfort. Countless windows
fill the home with soft light for a cozy feel. Set in a highly
sought-after, central location, you're just 6 minutes from dozens
of shops, restaurants, bars, and cafes, and 8 minutes from Memorial
Park's jogging trails and golf course, perfect for a morning run or
evening stroll. Dining out is a breeze. Entertain family and
friends while taking in stunning views of Downtown Houston and the
Galleria skyline from the privacy and tranquility of your own
balcony. The prime location also means an effortless commute in to
Downtown, the Galleria and the Energy Corridor. Don't miss this
rare, high-quality new build, beautifully unique and truly special.
Unit Size
2,544 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$177
Property Type
House
Property Taxes
$677
HOA Dues
$92
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: 11 hours ago (HAR #5057169)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2026 | Listed by Ignite Real Estate Group | $450,000 | |
| Listed by Ignite Real Estate Group | |||
| Jul 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 2, 2026 | Relisted | $485,000 | |
| Relisted | |||
| Jun 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 18, 2026 | Listed by Keller Williams Memorial | $485,000 | |
| Listed by Keller Williams Memorial | |||
   | |||
|
Introducing The Avila, a stunning three-story, 3-bedroom, 3.5-bath residence by AKM Builders, blending elevated farmhouse charm with modern luxury. Situated in the highly sought-after Spring Branch neighborhood, this new construction home showcases an open-concept layout, custom cabinetry, wood and vinyl flooring throughout (including all stairs), and his-and-her custom closets. Premium finishes and thoughtful upgrades are included as standard.
The first floor offers a full bedroom and bath, perfect for guests or a private office, while the top level features the spacious primary suite. Located in the heart of Houston, you’ll enjoy quick access to the Galleria, Memorial Park, Memorial City Mall, and an array of dining and entertainment options.
This gated community offers energy-efficient design, generous living space, and is surrounded by exciting planned developments, including future high-speed rail access, making it an exceptional choice for both comfort and long-term value.
| |||
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Additional Parking, Auto Driveway Gate
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: 1 Bedroom Down - Not Primary BR
Appliances: Dishwasher
Exterior Details
Square Footage: 2544
Property Condition: New Construction
Architectural Style: Contemporary
Year Built: 2024
Builder Name: AKM BUILDERS
Building Area Total: 2544
Construction Materials: Unknown
Lot Features: Subdivided, 0 Up To 1/4 Acre
Lot Size Area: 0.0355
Lot Size Units: Acres
Lot Size Acres: 0.0355
Lot Size Square Feet: 1546.38
Water Source: Public
Financial Details
Tax Annual Amount: $8,120
Utilities Details
Cooling Type: Electric
Heating Type: Natural Gas
Location Details
HOA Fee: $1,100
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 Northwest Houston
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Listed by: Gabriel Torre, Ignite Real Estate Group
Last Updated: 11 hours ago
Data Source: HAR , MLS# 5057169
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Last Updated: 11 hours ago
Data Source: HAR , MLS# 5057169
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