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Days174Days on Market
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$849,000

7014 Prairie Grass Ln, Katy, TX, 77493

On MarketInfo
Beds5 Beds
Baths6 Bath
Baths4,102 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.97 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 6Bathrooms Full 6
Garage AvailableGarage Available
AppliancesDisposal, Microwave, Dishwasher

Exterior

Private PoolPrivate Pool

Building Information

Year Built2018
Stories2
Garage Spaces2

Land Information

APN422366-002-012-000
Lot Number12
SubdivisionCane Island 6
Land UseResidential
Legal DescriptionS422366 CANE ISLAND 6 BLK 2 LOT 12
Census Tract680100
Assessed Land Value$90,000
Assessed Improvement Value$681,270
Assessment Year2025

About this property

Luxurious Coventry home in the master-planned Cane Island community, zoned to Katy ISD. Backyard resort features a heated pool and spa with fire and water features, plus a Texas-sized covered patio with outdoor kitchen. Double 8-ft doors open to a grand foyer with two-story ceilings, executive study, and formal dining. Open-concept family room with gas-log fireplace flows into the chef’s island kitchen with granite counters, double ovens, and a 5-burner gas range. Primary suite down offers a spa-like bath and large walk-in closet; second downstairs bedroom includes a private bath. Upstairs features a spiral staircase, media room, game room, three bedrooms, and three full baths. Additional highlights include zoned HVAC, engineered wood and wood-look tile floors, oversized 3-car garage, sprinkler system, and pre-wired alarm. Located under ½ mile from Cane Island amenities.

Investor Tools

Property Icon
$841,000
Estimated Property Value
$750,500Estimated Mortgage Balance
$115,140Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,094 /month
Positive
Cash Flow Estimate:
$1,698 /month

Interested in this property?

Richard Garcia

RE/MAX Signature

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,289/month
$1,320/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$771,270
2025
$90,000
$681,270
$771,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$771,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$750,500
No
First
Aug 16, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$727,019
$114,981
13%
86%
$4,500/mo

Learn About the Market: Opportunity in Texas

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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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7014 Prairie Grass Ln | Property Details | No Agent List