$1,150,000

Estimated payment $7,780/month

Total Views 2,060
0.29 Acre
$4,006,969 Price per Acre
12,502 Sq Ft Lot

Highlights

  • 0.29 Acre Lot
  • Poe Elementary School Rated A-
  • Interior Lot

About This Lot

Prime Development Opportunity in Montrose – 12,500 SF Lot Located in the heart of the highly sought-after Montrose neighborhood, this rare 12,500 square foot lot (100ft x 125ft) presents an exceptional opportunity for developers and investors alike. Surrounded by some of Houston’s most desirable amenities, this property offers unbeatable proximity to CBD, Rice University, Rice Village, the Galleria, River Oaks, H-E-B, and a vibrant mix of retail, dining, and entertainment options. This cleared and ready-to-build parcel is ideal for a variety of development projects including luxury patio homes, upscale townhomes, or a boutique condo/apartment complex. With strong demand in the area and limited availability of land, this site is perfectly positioned for high-end urban living. Don’t miss your chance to create a landmark development in one of Houston’s most dynamic and walkable neighborhoods.

Listing Agent

Cesar Zavala

Zomper & Associates License #0707671 Listed on: 06/10/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,825

Lot Details

  • 0.29 Acre Lot
  • Interior Lot
  • Cleared Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Schools

  • Poe Elementary School
  • Lanier Middle School
  • Lamar High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Richmond Place Subdivision

Listing and Financial Details

  • Seller Concessions Offered

Property Details

Property Type

Land

Est. Annual Taxes

$19,825

Lot Details

0

Listing Details

  • Directions: From 59 west, exit Shepherd, right on Shepherd, right on Lexington and property will be on the right hand side.
  • Prop. Type: Land
  • Lot Size Acres: 0.287
  • Subdivision Name: Richmond Place
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Residential, Single Family

Exterior Features

  • Disclosures: None
  • Lot Features: Cleared, Interior Lot, Split Possible

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: POE ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: LAMAR HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: LANIER MIDDLE SCHOOL

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 19825.0

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,825 $947,500 $937,500 $10,000
2023 $19,825 $1,172,371 $937,500 $234,871
2022 $24,049 $1,092,220 $937,500 $154,720
2021 $24,204 $1,038,506 $937,500 $101,006
2020 $26,054 $1,075,899 $937,500 $138,399
2019 $23,119 $913,615 $812,500 $101,115
2018 $23,119 $913,619 $812,500 $101,119
2017 $23,882 $900,000 $812,500 $87,500
2016 $23,882 $900,000 $812,500 $87,500
2015 $21,700 $878,162 $750,000 $128,162
2014 $21,700 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $1,150,000 0.0% --
06/11/2025 06/11/25 Off Market -- -- --
06/10/2025 06/10/25 For Sale $1,150,000 -- --
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- Capital Title
Interfamily Deed Transfer -- Tradition Title Co
Vendors Lien -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $535,000 Purchase Money Mortgage
Previous Owner $20,000 Unknown
Previous Owner $324,000 No Value Available
Source: Public Records

Source: Houston Association of REALTORS®

MLS Number: 41067310

Houston Association of REALTORS®

APN: 0571270000010