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$3,299,999

11823 Memorial Dr, Houston, TX, 77024

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths5,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$604.06 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Refrigerator Included, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringEngineered Wood, Tile

Exterior

Exterior FeaturesOutdoor Kitchen, Sprinkler System
Lot Size17,999 sqft

Building Information

Year Built1967
Garage Spaces2

Land Information

APN0780250010004
Lot Number4
SubdivisionLakeview
Land UseResidential
Legal DescriptionLT 4 BLK 1 LAKEVIEW
Census Tract430900
Assessed Land Value$882,000
Assessed Improvement Value$199,712
Assessment Year2025

About this property

Introducing an exceptional new construction residence by Bilmer, offering approximately 5,296 SF of thoughtfully designed living with refined finishes and exceptional scale. A dramatic open-concept interior centers around an expansive living room and chef’s kitchen with oversized island, complemented by formal dining, private study, breakfast area and generous pantry. The first-floor primary suite offers a private retreat with a spa-inspired bath and walk-in closet, while additional bedrooms provide flexibility for family and guests. Upstairs, an oversized family/game room creates a second living destination. Designed for effortless indoor-outdoor entertaining, the home features a screened porch, multiple covered and open-air patios, outdoor kitchen and expansive backyard. A spacious two-car garage, abundant storage and elevated designer selections complete this distinctive new construction offering.

Investor Tools

$964,905Estimated Mortgage Balance
$1,898,095Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,800 /month
Positive
Cash Flow Estimate:
$6,600 /month

Interested in this property?

Nancy Almodovar

Nan & Company Properties - Corporate Office (Heights)

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,982/month
$786/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,469
$1,081,712
2025
$882,000
$199,712
$1,081,712
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,469
$1,081,712

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stellar Bank
Unknown
$760,000
No
First
Jul 28, 2023
Oct 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$964,905
$1,898,095
66%
34%
$6,064/mo

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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11823 Memorial Dr | Property Details | No Agent List