$1,749,000 Last Listed Price
●
House -
Off Market
24915 Falling Water Estates Lane
Katy, TX 77494
5 Beds
4 Baths,
2
Half Baths
5,254 Ft²
$10,959
Est. Monthly
$183
HOA / Fees
About This Property
Nestled in the gated community Bayou Woods. The exquisite
custom home by Jim Frankel offers a blend of luxury, privacy, &
timeless design. Set on almost 3/4 of an acre, you are surrounded
by mature trees providing a private retreat & delivering a feeling
of serenity. Upon entry you are welcomed by the elegance & warmth
of the home's design w/soaring ceilings, gleaming White Oak
hardwood floors all leading to the living room featuring
floor-to-ceiling stone fireplace w/built in shelves. The Kitchen is
equipped w/top-of-the-line Thermador appliances, private butler
panty w/room for additional fridge & storage. Spacious primary
suite w/a spa-like bath. Additional features: 4 generous
bedrooms each w/own full bath, full 1st floor study, 2 half baths
(one up/down), game room, theater, home gym, technology room,
pool/spa, outdoor kitchen, pickle ball court, whole home water
softener system & 3-car garage. This is more than just a home; it's
a lifestyle. Additional information attached.
Unit Size
5,254 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$333
Property Type
House
Property Taxes
$2,187
HOA Dues
$183
Year Built
2004
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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: 5 months ago (HAR #43282223)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Listed by RE/MAX Signature | $1,749,000 | |
| Listed by RE/MAX Signature | |||
| | |||
|
Nestled in the gated community Bayou Woods. The exquisite custom home by Jim Frankel offers a blend of luxury, privacy, & timeless design. Set on almost 3/4 of an acre, you are surrounded by mature trees providing a private retreat & delivering a feeling of serenity. Upon entry you are welcomed by the elegance & warmth of the home’s design w/soaring ceilings, gleaming White Oak hardwood floors all leading to the living room featuring floor-to-ceiling stone fireplace w/built in shelves. The Kitchen is equipped w/top-of-the-line Thermador appliances, private butler panty w/room for additional fridge & storage. Spacious primary suite w/a spa-like bath. Additional features: 4 generous bedrooms each w/own full bath, full 1st floor study, 2 half baths (one up/down), game room, theater, home gym, technology room, pool/spa, outdoor kitchen, pickle ball court, whole home water softener system & 3-car garage. This is more than just a home; it's a lifestyle. Additional information attached.
| |||
| Apr 24, 2020 | Sold | ||
| Sold | |||
| Mar 12, 2020 | Listed by eXp Realty, LLC | $967,000 | |
| Listed by eXp Realty, LLC | |||
| | |||
|
Tucked away in the Exclusive Gated Community of Cinco Ranch Bayou Woods, sits this all brick beauty by Custom Builder Jim Frankel. Offering a graceful flow that will have you immediately feeling at home as you walk through Solid Wood Double doors into your new home. High ceilings and Wood flooring flowing into a living room dominated by a massive stone fireplace and a wall of windows overlooking the backyard. Graceful arches frame the dedicated dining area. You’ll feel like royalty as you pass through the Butlers pantry into your kitchen which is simply the masterpiece of design and function you’ve always wanted. Your Master Suite is a wonderful place to retire at the end of the day, featuring an En Suite to refresh yourself in luxury, His and Her Vanities, Jetted Tub with Separate Shower help ease away a stressful day. Enjoy mature trees, bushes, flowers, from the massive covered patio. Don’t let the perfect living pass you by!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Cinco Ranch
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Listed by: Charlie Russo, RE/MAX Signature
Last Updated: 5 months ago
Data Source: HAR , MLS# 43282223
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Last Updated: 5 months ago
Data Source: HAR , MLS# 43282223
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