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$4,950,000

1 Waterway Ct Apt 5b, The Woodlands, TX, 77380

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths5,517 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$897.23 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Electric Oven, Microwave, Gas Range, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage, Balcony
Lot Size4,040 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces4

Land Information

APN9474-00-02300
SubdivisionWaterway Lofts
Land UseResidential
Legal DescriptionS947400 - WATERWAY LOFTS, UNIT 5-B
Census Tract691700
Assessed Land Value$211,557
Assessed Improvement Value$3,093,443
Assessment Year2025

About this property

A rare find in Woodlands Waterway! This 3 bed/3.5 bath fabulous residence features all the rooms you'd need in a home, but in a low maintenance condo. Painted reclaimed wood floors, decorative brick, Savant system for lighting, shades and music. The kitchen is the heart of this home, pairing high end finishes with thoughtful functionality, offering an ideal setting for everyday living and hosting. With 3 quartz islands, a Blue Star 6 burner gas range, soft close cabinetry and drawers, there's room for many chefs! Living/dining/game room and kitchen open to one another, with panoramic views through the enormous windows. Primary suite is tucked away, with 2 huge walk-in closets and an elegant bath. Study w/pocket doors; Media room w/projector and screen is located by the 2 large guest suites and 2nd game room; 6 parking spaces & additional storage. Amenities include a pool & spa, grilling area & key FOB building access. Walk to endless restaurants & shops in this lock and leave location!

Investor Tools

$1,073,032Estimated Mortgage Balance
$3,826,968Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$29,700 /month
Positive
Cash Flow Estimate:
$9,900 /month

Interested in this property?

Michael Seder

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,205/month
$3,465/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$37,960
$2,652,405
2025
$211,557
$3,093,443
$3,305,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$37,960
$2,652,405

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Arm (Adjustable Rate Mortgage)
$1,401,400
No
First
Jan 12, 2017
Feb 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,073,032
$3,826,968
78%
22%
$5,626/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: The Woodlands

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1 Waterway Ct Apt 5b | Property Details | No Agent List