Street View

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Owner Contacts

$1,835,000

506 W Viejo Dr, Friendswood, TX, 77546

Off Market

4 Beds

3 Bath

3,660 Sq Ft

Single Family Residence

$532.79 / sqft

Built in 1997

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Ice Maker, Wine Refrigerator, Double Oven, Electric Oven, Gas Cooktop, Dishwasher, Refrigerator, Washer, Cooktop

FlooringTile

Exterior

Private Pool

Lot Size3.36 acres

Building Information

Year Built1997

Stories1

Roof Type105

Garage Spaces6

Land Information

APN6051-0002-0007-001

Lot Number7

SubdivisionRancho Viejo 2

Land UseResidential

Legal DescriptionABST 9 PAGE 14 LOT 7 (7-1) BLK 2 RANCHO VIEJO SEC 2

Census Tract720400

Assessed Land Value$840,580

Assessed Improvement Value$767,250

Assessment Year2025

About this property

The best of both worlds. Country living w/City amenities. All spacious rooms in this great one story house. Plentiful windows & doors bring all the sunshine in. 2 fireplaces in house + gas fire pit at sparkling, just re-surfaced pool amenity w/pool toy storage. 3.4 acre lot w/4 stall horse barn w/paved access, mosquito system. A pond full of fish for evening fun & star gazing. A garage w/built ins, workshop area, & sections supporting all family pets. Circular driveway w/extra parking. Room for the motor toys. Oversized family room w/wood burning FP for TV specials & every one home for dinner. Lg kitchen w/gas cook top. Dining area seats 12. Living room w/built-ins. Custom finishes & stylish open cabinets.Wet bar w/ice machine. Washer/dryer & all fridges (+ wine cooler) stay. Generator w/transferable contract. Fresh paint everywhere. Porcelain tile thru-out. Minutes to 1-45 and Houston/Galveston work centers. Gulf breezes & Clear Lake are a short drive away.

Investor Tools

$1,835,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,835,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,700 /month

Positive

Cash Flow Estimate:

$3,900 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,062/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,563

$1,032,820

2025

$840,580

$767,250

$1,607,830

Tax History

Year

Tax Paid

Assessed Value

2024

$3,563

$1,032,820

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,032,820

100%

$0/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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