Exceptional opportunity in highly sought-after Candlelight Estates. Situated on an oversized, 8,871 sq ft cul-de-sac lot in one of Houston's most desirable neighborhoods, this property offers outstanding potential for renovation, expansion, or new construction amid ongoing redevelopment and strong buyer demand. The existing 4-bedroom, 2-bath home has been well maintained and offers immediate livability, rental income potential, or a value-add project for investors. Zoned to acclaimed Oak Forest Elementary School and surrounded by mature trees and established homes, the location is a key highlight. Flood Zone X and, per seller, never flooded. With a proven 20-year rental history, potential net positive cash flow exceeding $20,000 annually (per the seller), and multiple paths to future value, this is a rare opportunity for builders, developers, investors, or buyers looking to create a custom home in a premier neighborhood.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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