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$467,000

508 Grayton Bay Lane, Katy, TX, 77493

$607,100 ARVInfo
On MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,546 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.7 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size10,324 sqft

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APN800005-001-006-000
Lot Number6
SubdivisionSunterra 5 Gated
Land UseResidential
Legal DescriptionS800005 SUNTERRA 5 (GATED) BLK 1 LOT 6
Census Tract680100
Assessed Land Value$92,400
Assessed Improvement Value$522,480
Assessment Year2025

About this property

Your next home awaits in this spacious five-bedroom, four-and-a-half-bath residence with a three-car garage. Designed for comfort and functionality, the home offers a first-floor primary suite with a luxurious bath, separate showers, and a large walk-in closet. Formal dining room for hosting dinners and celebrations, Dedicated home office or study for work, reading, or flexible use, Large utility area for added convenience, Soaring family room ceilings that create an open, airy feel, Spacious kitchen with a large island for meal prep and casual dining, Wood and tile flooring for style and durability. Located in Katy ISD, the home also offers convenient access to shopping, entertainment, and major thoroughfares including Highways I-10 and 99. This inviting residence blends comfort, style, and everyday practicality, making it well suited for a variety of lifestyles. Don’t miss the opportunity to see this beautiful property in person. Contact your representative to arrange a viewing.

Investor Tools

Property Icon
$614,880
Estimated Property Value
$0Estimated Mortgage Balance
$13,940Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$607,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,689 /month
Positive
Cash Flow Estimate:
$1,230 /month

Interested in this property?

Larry Durham

Durmoye Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$256/month
$1,784/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$614,880
2025
$92,400
$522,480
$614,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$614,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Parkstone Mortgage Llc
Va
$651,956
Yes
First
Apr 14, 2022
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$600,940
$13,940
2%
98%
$3,909/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Katy

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