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$498,900

18123 Grotto Point Dr, Cypress, TX, 77429

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,093 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.3 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTerrazzo

Exterior

Exterior FeaturesSprinkler System
Lot Size15,730 sqft

Building Information

Year Built2009
Garage Spaces3

Land Information

APN1284290010027
Lot Number27
SubdivisionSydney Harbour
Land UseResidential
Legal DescriptionLT 27 BLK 1 SYDNEY HARBOUR SEC 4
Census Tract554407
Assessed Land Value$97,279
Assessed Improvement Value$423,167
Assessment Year2025

About this property

Welcome to this impressive single-story waterfront home with a private dock, ideally positioned on an oversized corner lot with beautiful channel views. The brick-and-stone exterior, mature landscaping, high ceilings, and spacious floor plan make a strong first impression. Inside, the open kitchen features granite countertops, a large breakfast bar overlooking the living areas. 12-ft ceilings and formal dining enhance the open feel. The primary suite offers dual vanities, a jetted soaking tub, glass-enclosed shower, and ample storage. Enjoy the waterfront setting from a large covered patio overlooking the landscaped backyard and channel. A private dock provides direct water access for limited boating or relaxing with the view. Additional highlights include a 3-car garage, fenced backyard, corner-lot frontage, and true single-story living. Waterfront access, private dock, oversized lot, and inviting indoor-outdoor spaces create a distinctive lifestyle that's hard to duplicate.

Investor Tools

$0Estimated Mortgage Balance
$520,446Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,123 /month
Positive
Cash Flow Estimate:
$1,041 /month

Interested in this property?

Ruddy Parisher

Century 21 Parisher Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
$1,354/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$775
$520,446
2025
$97,279
$423,167
$520,446
No

Tax History

Year
Tax Paid
Assessed Value
2024
$775
$520,446

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$520,446
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,790/mo
$1,354/mo
+$1,436/mo
6.4%

City: Cypress

18123 Grotto Point Dr | Property Details | No Agent List