2801 Waterwall Dr 322, Houston, TX 77056 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2012Total Assessed Value $76,882,798County Harris

Property Details

The Apartments property 2801 Waterwall Dr 322, Houston, TX 77056 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $76,882,798.

The gross building area is 335,137 square feet and the land area is 131,595 square feet for this Apartment High Rise (5+ stories) built in 2012.

Legal description: Res A Blk 1 Hidalgo Condos

$76,882,798

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,764

Avg Rent

Property Image of 2801 Waterwall Dr 322, Houston, TX 77056, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area335,137

Land Size131,595

Land Value$21,055,200

Improved Value$55,827,598

Total Assessed Value$76,882,798

Year Built2012

County NameHarris

Account Number1262070010002

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Wood Burning

Parking Space518

HeatingForced air unit

PoolSwimming Pools

Roof TypeFlat

Type ConstructionBrick

No of Stories7

Garage TypeAttached Garages

Bathrooms22

PatioAvailable

Wood DeckAvailable

Access Gates1

Business Center1

Walk-in Closets1

Steel Appliances1

Refrigerator1

Number of Units322

Exterior WallsRock, stone

Sales History

1/1/2021

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

1/1/2021

Transaction Details

acquired the property from through a Other transaction on 1/1/2021 for .

9/18/2018

Arms-length$65,000,000

Buyer

Tre Hsc Ww Llc

Seller

Hines One Waterwall Lp

Book Number

2018-426398

Recording Date

9/18/2018

Transaction Details

Tre Hsc Ww Llc acquired the property from Hines One Waterwall Lp through a Arms-length transaction on 9/18/2018 for $65,000,000.

5/10/2011

Other$8,000,000

Buyer

Seller

Book Number

Recording Date

5/10/2011

Transaction Details

acquired the property from through a Other transaction on 5/10/2011 for $8,000,000.

1/1/2004

OtherNot Disclosed

Buyer

Seller

Book Number

Recording Date

1/1/2004

Transaction Details

acquired the property from through a Other transaction on 1/1/2004 for .

Property constructed in 2012

YSale Price (USD) byXSales Year

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Mortgage History

9/17/2018

New construction residential transactions$52,000,000

Borrower

Tre Hsc Ww Llc

Lender

Massachusetts Mutual Life Insurance Co

Book Number

2018-426399

Recording Date

9/17/2018

Transaction Details

Tre Hsc Ww Llc borrowed the property from Massachusetts Mutual Life Insurance Co through a New construction residential transactions transaction on 9/17/2018 for $52,000,000.

9/18/2018

Sale$52,000,000

Borrower

Lender

Book Number

Recording Date

9/18/2018

Transaction Details

borrowed the property from through a transaction on 9/18/2018 for $52,000,000.

7/2/2012

Sale$45,500,000

Borrower

Hines

Lender

Book Number

Recording Date

7/2/2012

Transaction Details

Hines borrowed the property from through a transaction on 7/2/2012 for $45,500,000.

Property constructed in 2012

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$21,055,200	$78,616,676	$99,671,876	$99,671,876	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137
2025	$21,055,200	$55,827,598	$76,882,798	$76,882,798	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137
2024	$21,055,200	$55,973,095	$77,028,295	$77,028,295	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137
2023	$21,055,200	$63,944,800	$85,000,000	$85,000,000	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	WILLIAM WHITE 1/3 LE...	131,595	335,137
2022	$13,159,500	$65,771,500	$78,931,000	$78,931,000	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	WILLIAM WHITE 1/3 LE...	131,595	335,137
2021	$13,159,500	$62,840,500	$76,000,000	$76,000,000	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	WILLIAM WHITE 1/3 LE...	131,595	335,137
2020	$13,159,500	$62,590,500	$75,750,000	$75,750,000	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137
2019	$13,159,500	$62,376,766	$75,536,266	$75,536,266	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137
2018	$13,159,500	$59,107,482	$72,266,982	$72,266,982	Tre Hsc Ww Llc	9040 Town Center Pkw...	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137
2017	$13,159,500	$59,340,500	$72,500,000	$72,500,000	Hines One Waterwall ...	811 Main St Ste 4100	Res A Blk 1 Hidalgo ...	5906.01	-	131,595	335,137

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2801 Waterwall Dr 322, Houston, TX 77056	1262070010002	Apartments	Apartment High Rise (5+ stories)	Tre Hsc Ww Llc	Harris	-	$ 65,000,000	2018-09-18	$ 193.95	2012	335,137	322
2300 Mccue Rd 299, Houston, TX 77056	1184790000001	Apartments	Apartment High Rise (5+ stories)	T C Montecito Llc	Harris	0.7	$ 43,890,000	2025-09-17	$ 137.56	1996	319,072	299
5740 San Felipe St 327, Houston, TX 77057	1184570010001	Apartments	Apartment High Rise (5+ stories)	Hsr Tanglewood Llc	Harris	1.4	$ 59,203,620	2024-12-20	$ 151.45	2012	390,921	327
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	4.3	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
8877 Frankway Dr 284, Houston, TX 77096	1300660010001	Apartments	Apartment High Rise (5+ stories)	29sc Highbank Owner Llc Etal	Harris	3.6	$ 48,316,300	2025-01-28	$ 180.13	2016	268,232	284
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	3.5	$ 75,625,000	2025-05-16	$ 232.90	2019	324,709	356
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	3.8	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352
9550 Meyer Forest Dr 296, Houston, TX 77096	1206950000001	Apartments	Apartment High Rise (5+ stories)	Meyer Park Lakeside Apartments Llc	Harris	4.1	$ 3,666,810	2025-10-15	$ 11.92	2001	307,655	296
2033 S Gessner Rd Ste376, Houston, TX 77063	1359990010001	Apartments	Apartment High Rise (5+ stories)	Mgi Gfp Woodlake Holdings Llc	Harris	4.5	$ 49,558,460	2025-04-14	$ 135.38	2014	366,062	376
2724 Kipling St 302, Houston, TX 77098	1332230010001	Apartments	Apartment High Rise (5+ stories)	2724 Kipling Owner Llc	Harris	2.5	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302
3100 Post Oak Blvd 272, Houston, TX 77056	1333620010001	Apartments	Apartment High Rise (5+ stories)	Broadstone Post Oak Owner Llc	Harris	0.2	$ 48,545,000	2024-06-12	$ 195.89	2013	247,815	272

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2801 Waterwall Dr 322, Houston, TX 77056	—	-	131,595	2012	335,137	$ 76,882,798	$ 21,055,200	-
Bank Of The Orient	5400 Memorial Dr, Houston, TX 77007	08/14/2025	$ 9,220,000	88,142	1965	173,913	$ 14,073,794	$ 6,610,650	Fell In Love Llc
Keybank National Association	929 Westcott St, Houston, TX 77007	07/16/2025	$ 94,545,000	123,623	2019	432,689	$ 126,500,000	$ 6,304,773	Mpw Owner Lp
Stellar Bank	1616 Post Oak Blvd, Houston, TX 77056	06/03/2025	$ 1,500,000	66,381	2020	608,704	$ 182,222,151	$ 13,276,200	Culinary Khanceptsaspire Inc
Acre Credit Fund Ii Lndg Llc	1317 Post Oak Park Dr, Houston, TX 77027	05/29/2025	$ 50,000,000	145,926	2019	386,850	$ 83,984,674	$ 11,674,080	Houston Reverie Llc
Spt Real Estate Capital Llc	7655 Washington Ave, Houston, TX 77007	05/16/2025	$ 60,500,000	174,240	2019	324,709	$ 74,431,715	$ 4,356,000	-
Pcred Ii Lending Iv Llc	5454 Newcastle Dr, Houston, TX 77081	04/15/2025	$ 112,500,000	625,914	1990	641,988	$ 83,075,625	$ 12,518,280	Maverick County Housing Finance Corporation
Jll Real Estate Capital Llc	2033 S Gessner Rd Ste376, Houston, TX 77063	04/14/2025	$ 37,252,000	287,466	2014	366,062	$ 68,931,396	$ 11,498,640	Gessner Road Owner Llc
Citibank Na	1120 Moy St, Houston, TX 77007	04/11/2025	$ 9,240,000	34,243	2021	150,400	$ 6,769,708	$ 2,739,440	Heritage Senior Residences Lp
Regions Bank	1111 W 6th St, Houston, TX 77007	01/30/2025	$ 39,805,000	156,032	2021	264,101	$ 68,122,140	$ 18,009,744	Fairfield Shepherd Partnership
Acre Credit Fund Ii Bs Llc	4139 Bellaire Blvd, Houston, TX 77025	01/27/2025	$ 31,000,000	183,928	2016	251,806	$ 62,364,384	$ 15,633,880	4139 Bellaire Houston Llc

Mean$ 86,096,500

Median$ 55,000,000.0

Loan Amount Range$ 1,000,000 - $ 500,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2801 WATERWALL DR, HOUSTON, TX 77056-6431	SEVEN FOUR SIX M C L W W P	8324910252	NONCLASSIFIED ESTABLISHMENTS
2801 WATERWALL DR, HOUSTON, TX 77056-6431	LODGING M	8324911639	HOTELS (EXCEPT CASINO HOTELS) & MOTELS
2801 WATERWALL DR, HOUSTON, TX 77056-6431	WATERWALL PLACE LUXURY APTS	7136212801	APARTMENTS
2801 WATERWALL DR, HOUSTON, TX 77056-6431	SIXONESEVEN INTER STECS	7124547973	GASOLINE & OIL BULK STATIONS (WHLS)
2801 WATERWALL DR, HOUSTON, TX 77056-6431	SEVEN THREE EIGHT M C L W W P	7134975468	NONCLASSIFIED ESTABLISHMENTS
2801 WATERWALL DR, HOUSTON, TX 77056-6431	MURPHY UNIT	8325826628	NONCLASSIFIED ESTABLISHMENTS

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Tenant Industry Distribution

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License Details

This details prefers to stay low-key.

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