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Owner Contacts

$2,084,870

7342 Palmetto Springs Trl, Katy, TX, 77493

Off Market

4 Beds

5 Bath

6,124 Sq Ft

Single Family Residence

$432.72 / sqft

Built in 2017

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 5

Garage Available

AppliancesENERGY STAR Qualified Appliances, Disposal, Ice Maker, Double Oven, Microwave, Gas Cooktop, Indoor Grill, Dishwasher, Refrigerator

FlooringCarpet, Tile

Exterior

Exterior FeaturesOutdoor Kitchen, Balcony

Lot Size29,795 sqft

Building Information

Year Built2017

Stories1

Garage Spaces4

Land Information

APN422376-002-003-000

Lot Number3

SubdivisionCane Island 16

Land UseResidential

Legal DescriptionS422376 CANE ISLAND 16 BLK 2 LOT 3

Census Tract680100

Assessed Land Value$285,000

Assessed Improvement Value$1,799,870

Assessment Year2025

About this property

A Masterpiece! Award winning custom home in exclusive Estates at Cane Island. Stunning dual courtyard entry approach w/steel doors! Front doors open to incredible barrel brick ceiling & wall of windows framing pool fountains, forest backdrop! TWO kichens equipped w/top of the line pro series Thermador appliances incl wine fridge, steam & convection ovens. Stunning library, sitting rm w/brick wall, huge pantry, large "mud room," full pool bath! Solid core doors, 12 ft ceilings, in-ceiling speakers virtually throughout! Primary suite w/shiplap ceilings, TWO sitting areas, soaking tub, walk through dual shower, massive closets & dual water closets! Fully equipped Casita w/fridge/microwave, large secondary BRs up w/baths ensuite, balcony & large gameroom w/wet bar microwave, fridge! Timeless Speakeasy w/vintage 22ft shuffleboard table, Chicago style bar, custom tufted prohibition era style couch! 4th garage bay w/AC 15 ft ceilings! Whole house generator! Click on pics for ALL details!

Investor Tools

$2,084,870

Estimated Property Value

$1,837,500Estimated Mortgage Balance

$303,089Estimated Equity

12% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$15,900 /month

Positive

Cash Flow Estimate:

$5,300 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$3,405/month

$1,200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$2,084,870

2025

$285,000

$1,799,870

$2,084,870

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$2,084,870

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Randolph Brooks Fcu

Conventional

$1,837,500

First

Dec 28, 2023

Jan 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,781,781

$303,089

14%

85%

$11,159/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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