44
Map
$800,000
●
House -
For Sale
8930 Water Crest Trail
Richmond, TX 77469
5 Beds
4 Baths,
1
Half Bath
5,883 Ft²
$5,466
Est. Monthly
$96
HOA / Fees
About This Property
This is a RARE opportunity to own a magnificent 5000+ home square
feet in the exclusive enclave of Royal Lakes Estate in Richmond,
TX, for a fraction of retail price. 8930 Water Crest Trail rests on
a 1+ acre waterfront lot with private pool. The interior of the
home has a magnificent layout with primary en-suite down, office,
soaring ceilings in the formal living, adjoining dining, chef's
kitchen opening into the family room area and formal study.
Upstairs, 4 more large bedrooms, a HUGE media room, large game room
and bathrooms leave plenty of space for residents and guests alike.
New roof in 2023. Royal Lakes Estates is an exclusive acreage
community with great proximity to freeways, shopping, and
entertainment. A little bit of TLC is needed to bring this home
back to its true glory. New construction does NOT compete with this
spectacular statement home. Showings are on a very limited basis -
please call for details.
Unit Size
5,883 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$136
Property Type
House
Property Taxes
$1,442
HOA Dues
$96
Year Built
2005
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: 2 months ago (HAR #65957055)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2026 | Listed by Keller Williams Realty Southwest | $800,000 | |
| Listed by Keller Williams Realty Southwest | |||
| Mar 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 8, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 31, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 31, 2025 | Price Increased |
$790,000
↑ $15K
(1.9%) | |
| Price Increased | |||
Show More
Property Highlights
Garage
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Oversized, Additional Parking, Garage Door Opener, Circular Driveway, Driveway, Attached/Detached Garage, Double-Wide Driveway
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Crown Molding, High Ceilings, 2 Staircases, Balcony, Formal Entry/Foyer, 1 Bedroom Up, 2 Bedrooms Up, 3 Bedrooms Up, En-Suite Bath, Primary Bed - 1st Floor, Sitting Area, Split Plan, Walk-In Closet(s)
Appliances: Disposal, Double Oven, Electric Oven, Microwave, Gas Range, Dishwasher
Flooring Type: Marble, Wood
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 2
Exterior Details
Square Footage: 5883
Architectural Style: Traditional
Year Built: 2005
Waterfront Features: Lake Front
Builder Name: Arbor Classic Homes
Building Area Total: 5883
Construction Materials: Stucco, Unknown
Pool Features: Heated, In Ground, Pool With Hot Tub Attached
Pool is Private
Lot Features: Corner Lot, Subdivided, Waterfront, 1 Up to 2 Acres
Lot Size Area: 1.1076
Lot Size Units: Acres
Lot Size Acres: 1.1076
Lot Size Square Feet: 48247.056
Water Source: Public
Financial Details
Tax Annual Amount: $17,304
Utilities Details
Cooling Type: Electric
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Trail(s), Stocked Pond
HOA Fee: $1,150
HOA Fee Frequency: Annually
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 Royal Lake Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Bincy Jacob, Keller Williams Realty Southwest
Last Updated: 2 months ago
Data Source: HAR , MLS# 65957055
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Last Updated: 2 months ago
Data Source: HAR , MLS# 65957055
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