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$6,000,000

NAL Estimated Property Value

240 Piney Point Rd, Houston, TX, 77024

Off MarketInfo
Beds6 Beds
Baths10 Bath
Baths9,503 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$441.44 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 8Bathrooms Full 8
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size1.43 acres

Building Information

Year Built1999
Garage Spaces8

Land Information

APN0410280020308
Land UseResidential
Legal DescriptionTR 39E ABST 72 J D TAYLOR
Census Tract430400
Assessed Land Value$2,531,702
Assessed Improvement Value$3,468,298
Assessment Year2025

About this property

Stunning contemporary designed home in prestigious Piney Point Village on over a 1.4 acre lot. High ceilings in the foyer welcome you into a house ready for entertaining. The entry is flanked by a designated study with custom cabinetry and large dining area. Dining is neighbored by wet bar with wine fridge. The kitchen, complete with large island and breakfast seating, Wolf and Sub Zero appliances is open to the family area. A large first floor primary bedroom overlooks the lush backyard and pool. Double sinks, soaking bath, separate shower and large dual entry closet complete the primary en-suite. Upstairs, you are met with a game room, well-appointed home theater, secret room and 5 additional bedrooms with ensuite baths. The backyard boasts a pool, spa, fire pit, and a separate casita with full bath and cooking area. Two 2-car garages & carport make for ample parking.

Investor Tools

Property Icon
$6,000,000
Estimated Property Value
$3,855,480Estimated Mortgage Balance
$2,144,520Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$36,000 /month
Positive
Cash Flow Estimate:
$12,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,426
$6,000,000
2025
$2,531,702
$3,468,298
$6,000,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,426
$6,000,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Raymond James Bank Na
Conventional
$4,200,000
No
First
Jul 12, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,855,480
$2,495,520
39%
64%
$17,981/mo

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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240 Piney Point Rd | Property Details | No Agent List