912 Falling Leaf Drive
About This Property
Much of the property is in Zone X or Zone X Shaded, making flood planning easier and one the few lots in Friendswood not in Flood Zone AE.
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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 |
|---|---|---|---|
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Dec 29, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Relisted | $849,000 | |
| Relisted | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by TADA Realty Group | $849,000 | |
| Listed by TADA Realty Group | |||
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Welcome to a rare opportunity to own 3.7 beautiful acres in the heart of Friendswood — one of the most desirable areas along the Texas Gulf Coast. This expansive property offers the perfect canvas to build your dream home or private estate surrounded by mature trees and serene natural beauty. Located in a peaceful, established area known for its spacious lots and quiet atmosphere, this land offers both privacy and convenience. Enjoy the tranquility of country-style living while still being just minutes from top-rated Friendswood ISD schools, local parks, shopping, dining, and easy access to major highways for a quick commute to Houston, Galveston, or the Medical Center. Whether you envision a custom luxury residence, a family compound, or simply want room to spread out and enjoy nature — this property has the space and setting to make your vision a reality. Don’t miss this rare chance to own acreage in Friendswood — your future starts here at 912 Falling Leaf Dr!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017