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$1,200,000

7204 Homestead Road, Houston, TX, 77028

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.18 acres

Land Information

APN0660290080001
Lot Number1
SubdivisionHouston Gardens
Land UseResidential
Legal DescriptionLT 1 BLK 8 HOUSTON GARDENS
Census Tract230200
Assessed Land Value$285,000
Assessment Year2025

About this property

Exceptional corner development opportunity at 7204 Homestead Rd. This site has been conceptually designed for a proposed 25-lot single-family residential community. The sale includes conceptual subdivision plans, site layout, architectural renderings, three-story floor plans, and conceptual interior finish packages, providing a strong foundation for future development. Per Civic Association guidelines, homes within the proposed community must be owner-occupied; lease or rental use is not permitted. The property offers excellent access to Loop 610, I-69/US-59, I-10, I-45, and Hardy Toll Road, and is approximately 10–15 minutes from Downtown Houston, the Texas Medical Center, East River, the Port of Houston, shopping, parks, schools, and major employment centers. See the MLS photo section for conceptual renderings and development plans.

Investor Tools

$0Estimated Mortgage Balance
$344,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Adriana Lopez

City Insight Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$591/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,367
$285,000
2025
$285,000
N/A
$285,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,367
$285,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$344,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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