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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 sitting area of the master suite includes windows that open to a covered balcony.

    On the Market 201 Westmoreland sitting room
      
    Photo courtesy of © TK Images
    The sitting area of the master suite includes windows that open to a covered balcony.
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    news/real-estate

    the benefits of renting

    Houston rockets to America's top spot in millionaire renter growth

    John Egan
    May 30, 2025 | 2:45 pm
    La Colombe d'Or 2021 exterior
    Photo courtesy of La Colombe d'Or
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    Sure, plenty of Houston millionaires own swanky homes in neighborhoods like River Oaks and Tanglewood. But in recent years, Houston has seen a huge spike in the number of millionaires opting to rent rather than own a place to live.

    A new report from apartment search website RentCafe ranks the Houston metro area as the fastest-growing U.S. market for millionaire renters. The number of local millionaire renters soared from just seven in 2019 to 179 in 2023, according to the report. Houston’s growth rate for that time period — nearly 2,500 percent — put it at No. 1 in the report’s ranking of millionaire-renter hotspots.

    “Many of today’s high-income renters live in metro areas … where the abundance of apartments as well as sky-high costs of homeownership make renting the more practical and cost-effective option,” RentCafe explains.

    The report largely attributes the nationwide 203 percent bump in millionaire-renter households to a 60 percent spike from 2019 to 2023 in the number of millionaire renters among millennials.

    RentCafe based its report on data from the Integrated Public Use Microdata Series (IPUMS) website.

    Looking at Houston’s millionaire-renter data another way, the region ranked 15th for the sheer number of households (179) occupied by millionaire renters in 2023, the report says.

    Still, the number of millionaire homeowners in Houston far outweighs the number of millionaire renters. The report tallied 3,050 local millionaire-owner households in 2023, earning it 12th place on the list of hotspots for millionaire owners.

    To the north, the Dallas-Fort Worth metro area appeared at No. 2 in the ranking of places seeing the biggest growth rate in millionaire renters from 2019 to 2023. The number of millionaire households in DFW soared more than 1,200 percent — from 14 in 2019 to 185 in 2023, according to the report. DFW ranked 14th for the number of millionaire-renter households in 2023.

    DFW earned 11th place in the ranking of the number of hotspots for millionaire owners (3,133).

    To the west, the Austin metro area landed at No. 19 for growth in the number of millionaire renters. That figure climbed from 90 in 2019 to 207 in 2023, or 130 percent, the report shows. Austin ranked 12th for the number of millionaire-renter households in 2023.

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