$759,950
●
House -
In Contract
316 Forest Reserve Place
Houston, TX 77079
3 Beds
2 Baths,
1
Half Bath
2,277 Ft²
$3,949
Est. Monthly
$217
HOA / Fees
About This Property
Nearly completed new construction by Empire Homes in the coveted
6-acre Reserve in Memorial community. This home showcases quality
craftsmanship and a thoughtfully designed floor plan. The
open-concept first floor features a spacious family room, dining
area, and gourmet kitchen with a large island, quartz countertops,
built-in stainless steel Frigidaire appliances, and a four-burner
gas cooktop. The second-floor owner's retreat offers high ceilings,
oversized windows, a private balcony, a large walk-in shower,
double sinks, and two generous walk-in closets. Secondary bedrooms
also include walk-in closets. Enjoy a low-maintenance lifestyle
adjacent to Terry Hershey Park, with direct access to parks and
miles of hike-and-bike trails. Zoned to highly regarded Spring
Branch ISD schools. Ideal opportunity to secure a nearly move-in
ready home in Memorial.
Unit Size
2,277 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$334
Property Type
House
Property Taxes
-
HOA Dues
$217
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: 10 days ago (HAR #93533958)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Listed by Compass RE Texas, LLC - Houston | $759,950 | |
| Listed by Compass RE Texas, LLC - Houston | |||
| Aug 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 2, 2026 | Listed by Nan & Company Properties - Corporate Office (Heights) | $756,950 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
   | |||
|
UNDER CONSTRUCTION by Empire Homes in the desirable 6-acre Reserve in Memorial community. Offers a welcoming environment with top-quality craftsmanship. The open-concept first-floor features a spacious family room, kitchen and dining area. The second-floor owner's retreat includes a balcony, high ceilings, oversized windows, a large walk-in shower, double sinks and a walk-in closet. Secondary bedrooms also offer walk-in closets. This home site includes a gourmet kitchen with an island, quartz countertops, built-in stainless steel Frigidaire appliances and a four-burner gas cooktop. Enjoy a low-maintenance lifestyle next to Terry Hershey Park, with access to parks and trails. Zoned to prestigious Spring Branch ISD schools.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Additional Parking, Auto Driveway Gate
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: High Ceilings, Prewired for Alarm System, All Bedrooms Up, Walk-In Closet(s)
Appliances: ENERGY STAR Qualified Appliances, Disposal, Refrigerator, Electric Oven, Microwave, Gas Cooktop, Dishwasher
Flooring Type: Carpet, Tile, Vinyl Plank
Door Features: Insulated Doors
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 2277
Property Condition: Under Construction
Architectural Style: Traditional
Year Built Source: Builder
Year Built: 2026
Builder Name: Empire Homes
Building Area Total: 2277
Window Features: Insulated/Low-E windows
Construction Materials: Batts Insulation, Cement Siding, Stucco, Insulation - Blown Fiberglass
Patio and Porch Features: Porch
Lot Features: Patio Lot, 0 Up To 1/4 Acre
Lot Size Area: 0.0549
Lot Size Units: Acres
Lot Size Acres: 0.0549
Lot Size Square Feet: 2390
Water Source: Public
Utilities Details
Cooling Type: Attic Fan, Ceiling Fan(s), Electric, Zoned
Heating Type: Natural Gas, Zoned
Sewer : Public Sewer
Location Details
HOA Fee: $2,600
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 Westside
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Listed by: Alison Sewell, Compass RE Texas, LLC - Houston
Last Updated: 10 days ago
Data Source: HAR , MLS# 93533958
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Last Updated: 10 days ago
Data Source: HAR , MLS# 93533958
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