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B+
NoAgentList RatingHow are grades calculated? Info

$465,000

1123 Spinnaker Way, Sugar Land, TX, 77498

SoldInfo
6/22/26
Beds3 Beds
Baths3 Bath
Baths2,443 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.11 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size6,011 sqft

Building Information

Year Built1992
Stories2
Roof Type105
Garage Spaces2

Land Information

APN7600-07-001-0060-907
Lot Number6
SubdivisionSugarmill Sec 7
Land UseResidential
Legal DescriptionSUGARMILL SEC 7, BLOCK 1, LOT 6, R/P
Census Tract672306
Assessed Land Value$84,500
Assessed Improvement Value$353,083
Assessment Year2025

About this property

Rare waterfront lease opportunity in w/peaceful water views + spacious, light-filled layout. Nestled along a quiet, tree-lined street w/mature shade trees, this beautifully maintained home offers scenic water views from main living, dining, island kitchen & primary suite. Open-concept floor plan features soaring ceilings, fresh interior paint, updated wood-look tile floors down & welcoming two-story foyer. Island kitchen w/breakfast bar opens seamlessly to living & dining spaces, creating an ideal design for everyday living & entertaining. Large windows throughout bring in abundant natural light & showcase a tranquil backyard setting. Spacious primary suite features water views, generous closet space + updated bath w/frameless glass shower. Office (opt. 2nd bedroom) also downstairs. Upstairs offers oversized secondary bedrooms + large game room. Enjoy relaxing or entertaining on the expansive rear deck overlooking water & fish right from your backyard. Available for immediate move-in.

Investor Tools

Property Icon
$465,000
Estimated Property Value
$0Estimated Mortgage Balance
$465,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$864/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,042
$437,583
2025
$84,500
$353,083
$437,583
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,042
$437,583

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$465,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
N/A
+$2,440/mo
6.3%

Learn About the Market: Opportunity in Texas

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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.

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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: Sugar Land

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1123 Spinnaker Way | Property Details | No Agent List