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B+
NoAgentList RatingHow are grades calculated? Info
Days78Days on Market
Views1view
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$699,950

16018 Lower Lake Drive, Cypress, TX, 77433

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,061 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.36 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size11,243 sqft

Building Information

Year Built2002
Garage Spaces2

Land Information

APN1221980010003
Lot Number3
SubdivisionFairfield Village West
Land UseResidential
Legal DescriptionLT 3 BLK 1 FAIRFIELD VILLAGE WEST SEC 6
Census Tract555703
Assessed Land Value$165,811
Assessed Improvement Value$533,721
Assessment Year2025

About this property

Welcome to 16018 Lower Lake Drive—a showstopping waterfront, 2-story home tucked away on a large quiet cul-de-sac lot in Fairfield, one of Cypress’ most loved master-planned communities. The home is enhanced with rich hardwood floors, crown molding and timeless finishes that create a warm, upscale feeling. Dynamic layout with a private study with French doors, formal dining space, bright family room with serene lake views and a large kitchen with island, stainless steel appliances, double ovens, a 5-burner gas cooktop, abundant cabinetry, large panty and a convenient built-in desk. Downstairs offers a family-friendly setup with two bedrooms on the first floor, including the primary suite with an ensuite bath and lake views. Upstairs, family and guests will love the large game room with balcony access, plus three secondary bedrooms and two full baths. Just off the Living area a covered patio, sparkling pool, and relaxing hot tub/spa, all set against and overlooking the beautiful lake.

Investor Tools

Property Icon
$713,000
Estimated Property Value
$0Estimated Mortgage Balance
$713,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,278 /month
Positive
Cash Flow Estimate:
$1,426 /month

Interested in this property?

Michael Stavinoha

Keller Williams Memorial

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$742/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,341
$699,532
2025
$165,811
$533,721
$699,532
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,341
$699,532

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$713,000
100%
0%
$0/mo

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.

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: Cypress

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16018 Lower Lake Drive | Property Details | No Agent List