B+

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Owner Contacts

$763,000

NAL Estimated Property Value

1011 Mahogany Run Dr, Katy, TX, 77494

Off Market

5 Beds

4 Bath

4,307 Sq Ft

Single Family Residence

$181.1 / sqft

Built in 2001

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size10,157 sqft

Building Information

Year Built2001

Stories2

Roof Type105

Garage Spaces2

Land Information

APN2960-01-003-0180-914

Lot Number18

SubdivisionFalcon Point Sec 1

Land UseResidential

Legal DescriptionFALCON POINT SEC 1, BLOCK 3, LOT 18

Census Tract673103

Assessed Land Value$98,150

Assessed Improvement Value$645,115

Assessment Year2025

About this property

Welcome to your dream home on the 10th hole of Falcon Point Golf Course! This spacious 5 bedroom, 3.5 bath beauty is nestled in one of Katy’s most established neighborhoods, known for its mature trees, golf course views, & top-notch amenities. Inside, you’ll find a thoughtful layout full of natural light & modern updates. The kitchen has been beautifully renovated with new granite countertops, stainless steel appliances & travertine floors. Updates include NEW tankless water heater, HVAC system & sprinkler system in 2018, NEW roof and gutters, exterior painted, water filtration/softner in 2020, pool resurfaced in 2023, upstairs deck replaced & new wood floors downstairs in 2024. Step outside to your own private oasis with a sparkling pool & relaxing hot tub, pergola & view of the gold course, perfect for entertaining. A detached 3 car garage offers plenty of space for vehicles & storage. Minutes from I10 & 99, restaurants and shopping. Zoned to Katy ISD schools. This home has it all!

Investor Tools

$763,000

Estimated Property Value

$611,960Estimated Mortgage Balance

$151,040Estimated Equity

20% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,680 /month

Positive

Cash Flow Estimate:

$1,560 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,036/month

$800/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,614

$743,265

2025

$98,150

$645,115

$743,265

Tax History

Year

Tax Paid

Assessed Value

2025

$8,614

$743,265

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$615,525

First

Jan 8, 2026

Feb 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$611,960

$161,040

20%

80%

$3,691/mo

Learn About the Market: Opportunity in Texas

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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.

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