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$7,850,000

220 Merrie Way Ln, Houston, TX, 77024

On MarketInfo
Beds6 Beds
Baths6 Bath
Baths9,453 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$830.42 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Ice Maker, Wine Refrigerator, Double Oven, Trash Compactor, Microwave, Gas Range, Indoor Grill, Dishwasher, Dryer, Refrigerator, Washer, Water Purifier, Cooktop
FlooringCarpet, Marble, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size32,413 sqft

Building Information

Year Built2013
Garage Spaces3

Land Information

APN1338860010001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 1 220 MERRIE WAY LANE
Census Tract430400
Assessed Land Value$1,886,976
Assessed Improvement Value$4,746,176
Assessment Year2025

About this property

Fully furnished, total turnkey, move-in ready! Art, sculptures, custom furnishings, rugs, draperies, outdoor furnishings, even holiday decor! Nestled on a secluded street in Piney Point Village, this exceptional estate blends timeless architecture w/ refined craftsmanship. First level is an entertainer’s dream w/ lacquered lounge featuring a Humidor w/ air purifier & smoke-free filtration, climate-controlled wine room, custom wet bar, formal living, dining, & den. Kitchen boasts specialized stainless appliances, custom cabinetry, & marble slabs. First-floor primary suite features a spa-like marble bath & boutique closets. An oversized additional first-floor bedroom offers added flexibility for guests. Upstairs, elevator leads to 4 guest suites, game room, & media room. Meticulously manicured ¾-acre lot features summer kitchen w/ Kalamazoo grilling equipment, pool, spa, turfed putting green, whole-home generator, & detached gym access. SEE LIST AGENT FOR LIST PRICE & FURNITURE DETAILS.

Investor Tools

$1,532,978Estimated Mortgage Balance
$6,486,022Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$48,114 /month
Positive
Cash Flow Estimate:
$16,038 /month

Interested in this property?

Kellie Geitner

Martha Turner Sotheby's International Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,181/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,077
$6,633,152
2025
$1,886,976
$4,746,176
$6,633,152
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,077
$6,633,152

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Washington Mutual Bank Fa
Credit Line (Revolving) / Heloc
$233,000
No
First
Aug 8, 2003
Sep 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,532,978
$6,486,022
80%
19%
$8,115/mo

City: Houston

220 Merrie Way Ln | Property Details | No Agent List