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    Historic Mansion On Sale

    Historic Montrose mansion goes on sale for $3.5 million: Old world charm included

    Barbara Kuntz
    Barbara Kuntz
    Nov 29, 2013 | 8:32 am

    Editor's Note: Houston is loaded with must-have houses for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap snoops through some of the best and gives you the lowdown on what's hot on the market.

    A piece of Houston's history just went up for sale: The Waldo Mansion in Montrose.

    201 Westmoreland

    Confederate veteran J.P. Waldo and wife Mary Virginia Gentry, daughter of railroad promoter Abram Gentry, first built this magnificent house in 1885 at the corner of Rusk and Caroline. In 1905, Waldo's son Wilmer moved the residence to its current location, 201 Westmoreland, where it now nestles on a 25,000-square-foot corner lot among mature trees, lush lawn and landscaping and decorative iron-fenced privacy. Period detail and elegance is found everywhere inside the 6,598-square-foot residence.

    Walk Through

    Past the charming wrap-around veranda, enter through stained-glass interior doors protected by an exterior and insulating double-door vestibule to a stately ambiance reaching from original wood floors all the way to the top of the 15-foot-high ceilings. In fact, you'll find authentic wood elements from the flooring to wall panels and door and window frames throughout, all in immaculate condition.

    To the right, a study awaits the gentleman — and gentlewoman — of the house, while to the left, a living room with working jet-gas fireplace awaits. Step into the dining room, where a vintage chandelier casts its warm glow over the large room. A modern kitchen is close at hand, with plenty of room for catering parties. Downstairs is roomy wine storage for those favorite beverages.

    Upstairs via either of two elegant, curving staircases, new carpet covers the floors, and 14-foot ceilings house the three bedrooms. The master bedroom includes a sitting area and luxurious bath with marble columns on either side of a center bathtub that sits directly in front of a fireplace with mantel. In total, the house features 10 gas fireplaces, with one mock in the entry hall. A lofted-ceiling cubby on the third floor is now designated as a media room.

    Step Outside

    The private courtyard is a place to relax to the sounds of a fountain with goldfish pond guarded by towering palm trees. A detached 1600-square-foot guest house has two to three bedrooms and two baths. Additional bonus: A three-car garage with a large gated motor court sit to the side of the mansion.

    Square footage: 6,598

    Asking price: $3.5 million

    Listing agent: Richard Ray, John Daugherty, Realtors

    The master bedroom features a built-in canopy as well as carved window and door casings.

    15 On the Market 201 Westmoreland November 2013
      
    Photo courtesy of © TK Images
    The master bedroom features a built-in canopy as well as carved window and door casings.
    unspecified
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    rent affordability news

    Houstonians need to make nearly $68,000 to afford rent in 2025

    Amber Heckler
    May 13, 2025 | 12:30 pm
    Dolce Midtown Apartments Houston
    Photo courtesy of Dolce Midtown Apartments
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    A new rental report from Zillow has revealed Houston renters need to make about 23 percent more money than they did five years ago in order to afford rent in 2025.

    Zillow analysts examined the income needed to afford rent in 50 major U.S. metros, and determined rent prices in each city as of April 2025.

    The average Houston renter needs to make $67,731 a year to afford living in the city, the report found. To afford rent for a single-family home, the income needed increases even further to $85,017.

    Despite Houston's rising rent cost of living, it's still more affordable than many other cities. Nationally, the average income needed for someone to comfortably afford rent comes out to nearly $81,000. The study says that figure has increased nearly 35 percent since 2020.

    "Housing costs have surged since pre-pandemic, with rents growing quite a bit faster than wages," said senior Zillow economist Orphe Divounguy. "This often leaves little room for other expenses, making it particularly difficult for those hoping to save for a down payment on a future home. High upfront costs are often overlooked, which can keep renters in their current homes."

    Rent prices in Houston averaged $1,693 last month, which is less costly than the national average rent price of $2,024. Additionally, Houstonians are spending about 24 percent of their income on rent, while the typical American spends almost 30 percent of their income on rent.

    Renters are also saving hundreds of dollars in comparison to those that own their homes, as a recent SmartAsset study discovered the median monthly housing costs for a Houston homeowner came out to $2,219.

    At least we're not living on the East or West Coast, where eight U.S. metros require six-figure incomes to afford rent. Residents in San Jose, California need to make $136,532 a year to afford rent, the highest out of all 50 U.S. cities. Rent prices in San Jose came out to $3,413 in April.

    Here's how much money renters need to afford living in other Texas metros, according to Zillow:

    • Dallas – $71,413
    • Austin – $68,840
    • San Antonio – $58,590
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