This Week in Houston Real Estate: One of Houston’s oldest houses is on the market, new apartments on the way and more

by Zachary Wright

One of the oldest homes in the Houston area is on the market with the listing price of $2.28 million. The 3,719-square foot, five-bedroom home was built as a model home for buyers in the 1890s.

The home is listed on the National Register of Historic Places and includes finishes that come with period details such as wooden doors and window frames, as well as stained-glass panels. Like today’s model homes, the home showcased a variety of decorative options, such as an acorn-shaped finial on the staircase.

Throughout its history, the model home has gone through renovations. In the mid 1970s, a previous owner spent two years renovating the property after purchase. The estate was in a “state of distress,” the listing agent Amy Lynch Kolflat said.

The previous owner added in new modifications like air conditioning and an in-ground swimming pool. The home has other commodities listed in the sale, such as an outdoor lounge area, a greenhouse/aviary, finch cages and chicken coops. Another feature not typically found in Houston is a basement with brick columns and large windows.

In other real estate news:

  • In 2017, eight out of ten new apartment buildings constructed were high-end apartment complexes and the trend continues in 2018. According to RentCafé, the construction of luxury rental properties rose to 79 percent of all apartment construction in the United States. A few Texas metros like Houston and Dallas completed the most high-end apartment constructions. In Houston, the luxury apartment market continues to flourish as 97 percent of apartments built were high-end projects in 2017.
  • Brett Fisher has been hired as an associate broker for the Caldwell Land Brokerage Team, which is a division of Caldwell Companies. In his role, Fisher will be in charge of broker price opinions, researching the market to locate new opportunities and maintaining relationships with clients. 
  • Hasta Capital acquired WaterWall Place in Uptown Houston, adjacent to the Galleria mixed-use development. The seven story, 316,000 square foot residential property was sold by Hines. The 322-unit was developed by Wallace Garcia Wilson with Jackson Ryan as design architect. Hasta Capital also operates other properties in the U.S. and Mexico.
  • Houston-based Stanmore Partners started construction on the Ravella at Sienna Plantation Apartment Homes in Missouri City. The 292-unit apartment will be another rental option in Johnson Development’s Sienna Plantation master-planned community. Sitting on 16 acres near Fort Bend Parkway, the three-story complex will contain two and three-bedroom units. Some units will include attached garages. Units will range from 609 to 1,517 sf. A few luxury amenities include a clubhouse, a game room and a resort style pool. The project team includes Steinberg Dicky Collaborative, Haven Design Studio and Hoar Construction. First Tennessee Bank provided construction financing. Led by Stanmore Partners, the company has finished apartments in the Kingwood and Baytown areas.
  • Houston-based Liberty Home Builders plan to put 150 new homes on the market in San Antonio by spring 2019. The homes will be located in Converse, a neighborhood in northeast San Antonio. The homebuilders said they saw success after completing their first community, Rhine Valley in Schertz. The company will soon deliver homes at Knox Ridge, a 771-home master-planned community along Farm-to-Market Road in Converse. Current home estimates are in the $200,000 to $299,000 range with one- and two-story plans with four and five bedroom homes being built.

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