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Owner Contacts

$949,900

4626 Drake Falls Court, Katy, TX, 77450

Under Contract

5 Beds

4 Bath

4,842 Sq Ft

Single Family Residence

$196.18 / sqft

Built in 1998

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Water Softener, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Water Purifier, Cooktop

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Lot Size14,480 sqft

Building Information

Year Built1998

Stories2

Roof Type105

Garage Spaces3

Land Information

APN2269-13-001-0360-914

Lot Number36

SubdivisionCinco Ranch North Lake Village Sec 13

Land UseResidential

Legal DescriptionCINCO RANCH NORTH LAKE VILLAGE SEC 13, BLOCK 1, LOT 36

Census Tract673006

Assessed Land Value$89,570

Assessed Improvement Value$767,179

Assessment Year2025

About this property

Prime Katy Location with luxury, comfort, and family fun in this stunning 5-bedroom, 3.5-bath, 4,842sf home set on a spacious 14,480sf cul-de-sac lot in highly sought-after Cinco Ranch North Lake Village. Designed for elegant living with 2 staircases, high ceilings, crown molding, and an open-concept design ideal for entertaining. This home features a large Primary Bedroom with fireplace & additional seating area with the perfect view to the Saltwater pool. The second level is showcases a family inspired game room overlooking the living area with close access to all upstairs bed and bathrooms. The backyard retreat features a heated saltwater pool, lush turf for easy maintenance, putting green, Zip line, covered patio and a ADU/Pool house offers a versatile space for a private office, art studio, or personal retreat, while a three-car garage with Tesla Charger & whole-house water softener add everyday convenience. Zoned to top-rated Katy ISD schools including Beck JH and Cinco Ranch HS.

Investor Tools

$940,000

Estimated Property Value

$0Estimated Mortgage Balance

$492,143Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,699 /month

Positive

Cash Flow Estimate:

$1,900 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,454/month

$1,100/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,743

$754,105

2025

$89,570

$767,179

$856,749

Tax History

Year

Tax Paid

Assessed Value

2025

$12,743

$754,105

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$510,400

First

Mar 30, 2020

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$447,857

$492,143

52%

48%

$3,061/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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