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$545,058

NAL Estimated Property Value

1815 Blue Water Bay Drive, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,005 Sq Ft
price_per_sqft$126.42 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size8,013 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2960-08-001-0040-914
Lot Number4
SubdivisionFalcon Point Sec 8
Land UseResidential
Legal DescriptionFALCON POINT SEC 8, BLOCK 1, LOT 4
Census Tract673103
Assessed Land Value$78,000
Assessed Improvement Value$502,879
Assessment Year2025

About this property

LOOK NO FURTHER! One of a kind home in the prestige golf course community, Falcon Point. This 4BR/2.1BA home overlooks the 16th hole. Relax in the evenings in the hot tub or under the pergola as the sun sets over the course. Enjoy the tranquil sounds of the water features while cooking up dinner in the outdoor kitchen. It doesn't get much better than this! Great curb appeal with mature trees. Extravagant entry way with soaring ceilings. Great office space for working from home. Kitchen that boasts, 42 in cabinets, working island, granite counter tops, under cabinet lighting, double ovens, and walk in pantry. Enjoy the view from the primary bedroom. This room includes wood floors, crown molding, and a designer master closet! HUGE game room or media room upstairs with surround sound speakers. Roof and water heater replaced this past year. Zoned to the home of the Katy Tigers! Easy access to I-10, 99, Katy Mills Mall, restaurants, and the Future Boardwalk. Welcome Home!

Investor Tools

Property Icon
$545,058
Estimated Property Value
$305,842Estimated Mortgage Balance
$239,216Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,270 /month
Positive
Cash Flow Estimate:
$1,090 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$792/month
$632/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,783
$545,058
2025
$78,000
$502,879
$580,879
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,783
$545,058

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Americas Choice Home Loans Lp
Conventional
$344,250
No
First
Aug 27, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,842
$239,216
43%
56%
$2,064/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,696/mo
+$644/mo
7.4%

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: Katy

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1815 Blue Water Bay Drive | Property Details | No Agent List