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$1,800,000

711 Salerno St, Sugar Land, TX, 77478

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,332 Sq Ft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size18,382 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN8500-04-000-1200-907
Lot Number12
SubdivisionVenetian Estates Sec 4
Land UseResidential
Legal DescriptionVENETIAN ESTATES SEC 4, LOT 12, ACRES .422
Census Tract672100
Assessed Land Value$1,286,167
Assessed Improvement Value$19,981
Assessment Year2025

About this property

BUILD YOUR DREAM WATERFRONT RETREAT! This premium waterfront homesite spans almost half an acre and offers 164' of lake frontage, providing an extraordinary opportunity to build a custom luxury residence with expansive water views. The generous lot size easily accommodates an impressive one-story estate or a spectacular two-story home with generous indoor and outdoor living spaces. It also has an existing boat dock. Two magnificent 50+ year-old oak trees frame the front of the property creating timeless curb appeal and natural shade. As one of the few currently available waterfront lots tucked away at the end of a quiet cul-de-sac, this rare property offers outstanding privacy and is situated on one of the widest, fully curbed streets in the neighborhood. With no overhead power lines crossing the yard, this exceptional property provides a clean, unobstructed setting to build and showcase your dream home in one of the neighborhood's most desirable locations. Act now before it's gone!

Investor Tools

$657,955Estimated Mortgage Balance
$801,045Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,800 /month
Positive
Cash Flow Estimate:
$3,600 /month

Interested in this property?

Barbara Rozell

Rozell Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,192/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,015
$1,034,675
2025
$1,286,167
$19,981
$1,306,148
No

Tax History

Year
Tax Paid
Assessed Value
2025
$19,015
$1,034,675

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homeway Mortgage
Conventional
$712,500
No
First
Jul 20, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$657,955
$801,045
54%
45%
$4,272/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,070/mo
$5,072/mo
$-2,002/mo
2.5%

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.

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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: Sugar Land

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