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Owner Contacts

$1,240,298

198 Wedgewood Drive, Montgomery, TX, 77356

Off Market

4 Beds

5 Bath

4,691 Sq Ft

Single Family Residence

$170.52 / sqft

Built in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Ice Maker, Refrigerator, Microwave, Gas Cooktop, Double Oven, Electric Oven

FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Lot Size9,100 sqft

Building Information

Year Built2005

Stories2

Roof Type105

Garage Spaces4

Land Information

APN2615-28-00800

Lot Number3

SubdivisionBentwater 28

Land UseResidential

Legal DescriptionBENTWATER 28, BLOCK 2, LOT 3

Census Tract694304

Assessed Land Value$455,000

Assessed Improvement Value$799,408

Assessment Year2025

About this property

Custom designed waterfront estate by Ultra Classic Homes. This home boasts of drilled builder piers, new bulkhead(2014) & deck(2017), 2 fireplaces, 12ft ceilings down/10ft ceilings up, ceiling details including recessed & coffered features. Backyard oasis, w/sum. kitchen & waterfall, faces the southeast for summer breezes & shade! Lrg 2car garage w/golfcart bay, wrkshp, & private stairs to study. Features: entertaining wet bar w/wine grotto/wine fridge/ice mkr/beverage fridge; retractable shades & sun scrns, landscape lights, paved driveway, indirect accent lighting, surround sound ready, 2 master bedrooms w/private bath (up & down stairs); elevator shaft ready for the finish-out; study w/french doors; 2 stry foyer w/custom chandelier; generous kitchen w/2 ovens/commercial displ/5 burner gas stove/built-in GE Monogram fridge; sunny living area w/large windows & many transom windows! Boat slip can be added if desired! Social membership incl/CC memb ava. We have a boat slip bid for $11k.

Investor Tools

$1,240,298

Estimated Property Value

$0Estimated Mortgage Balance

$1,119,303Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,442 /month

Positive

Cash Flow Estimate:

$2,481 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,037/month

$1,258/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,237

$1,240,298

2025

$455,000

$799,408

$1,254,408

Tax History

Year

Tax Paid

Assessed Value

2024

$18,237

$1,240,298

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$132,000

First

Dec 13, 2021

Jan 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$120,995

$1,119,303

90%

10%

$792/mo

Learn About the Market: Opportunity in Texas

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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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