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    On The Market

    The massage condo: This $439,000 converted space comes with a special perk

    Barbara Kuntz
    Barbara Kuntz
    Apr 7, 2015 | 3:19 pm

    Editor's Note: Houston, the surrounding areas and beyond are loaded with must-have houses and properties 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 former fabulously fashioned Four Leaf Towers two-bedroom apartment now converted into a big one-bedroom unit with a study and views of the desirable Galleria area is up for sale with an asking price of $439,000. Talk about inspiration for the next owner!

    Walk through
    Enter condo 76E to a wide front hallway with highly textured wallpaper and oak floors laid in an intricate herringbone pattern. A stylish powder room is behind one door. The formal living room is just ahead, bathed in natural light from floor-to-ceiling windows with operable custom shutters.

    Here, hardwood floors, mirrored wall and directional art lighting are just some of the designer details found throughout the 1,675-square-foot residence. The wet bar with undermount sink and travertine counter and backsplash is easily at hand, complete with ample storage for glasses. A secondary bedroom now serves as a study and is separated by French doors from the living room.

    The dining room sits at the other end of the main living area, also a light and bright place to enjoy meals as the large windows extend the full length of the room. The chef's kitchen is easily at hand with granite counters, track lighting, black-and-white tile floors and, of course, state-of-the-art appliances. Generous drawer and cabinet space, along with wine racks overhead, provide plenty of storage. A closet in the hallway is lined with a specialty fabric designed to keep dishes and glasses spot-free and silver pieces tarnish-free.

    More custom-shuttered windows bring light into the master bedroom. The master bath is complete with dual vanities, beveled mirrors, soaking tub and walk-in shower. Travertine floors and counters add to the elegant ambiance.

    The third bath also is fashioned with travertine floors and counters and large beveled mirror, as well as a large storage closet. The walk-in shower has travertine tile from floor to ceiling.

    Amenities
    One parking space is designated for condo 76E. Residents also have access to the full-service lobby, separate saunas, whirlpools exercise and massage rooms for men and women, a large party room with a full-service kitchen and bar and a professionally landscaped recreational plaza and private park.

    Square footage: 1,675

    Asking price: $439,000

    Listing agent: Hedley Karpas, Martha Turner Sotheby's International Realty

    Welcome to condo 76E in Four Leaf Towers, 5110 San Felipe St.

    On the Market 5100 San Felipe No. 76E Four Leaf Towers April 2015
    Photo courtesy of © TK Images
    Welcome to condo 76E in Four Leaf Towers, 5110 San Felipe St.
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    in demand

    Houston leads the U.S. with the biggest surge in millionaire renters

    Amber Heckler
    Oct 16, 2026 | 2:30 pm
    Houston skyline downtown at night
    IdeasLaboratory.com
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    The number of millionaire renters and homeowners in the U.S. has surged over the last five years, and Houston has soared ahead of the rest of the country with the largest growth rate among these affluent renter households.

    Houston leads the nation with the No. 1 increase in millionaire renters from 2020 to 2024, a new RentCafe study found. The number of these wealthy households increased from 18 to 232 over the last five years, representing an impressive 1,189 percent growth rate.

    "The pandemic accelerated the shift as remote work pushed the wealthy to relocate to lower-tax metros like Houston, where millionaire renters grew 13-fold, versus 3.9-fold for owners," the report said. "Granted, 232 households is still a tiny fraction of the Houston metro’s roughly 2.7 million households, but the growth rate far outpaces any other major metro."

    Nationwide, the number of millionaire renter households grew 229 percent from 2020 to 2024, far outpacing the 193 percent growth rate among millionaire homeowners.

    Dallas was the only other Texas metro to crack the top 10. The number of millionaire renter households in North Texas has more than quintupled, from just 30 in 2020 to 165 in 2024. That represents a renter growth rate of 450 percent, which — surprisingly — is only the 8th highest nationwide.

    But when it comes to the largest populations of millionaire renters, New York City and San Francisco still lead the way. New York claimed the No. 1 spot with nearly 7,300 millionaire renters living in the city in 2024. Houston ranked 12th on that list.

    Elsewhere in Texas, Austin and Dallas ranked as the 16th and 17th, respectively, for the largest population of millionaire renters. There were 206 millionaire renters living in Austin in 2024, and 165 in Dallas.

    This is who the typical millionaire renter is
    The report also revealed a surprising statistic about the typical millionaire renter in the U.S. — a lot of them are millennials working in "white-collar, high-earning fields."

    "Nearly half (49 percent) of millionaire renters are Millennials, and the number of affluent Millennial renter households surged 392 percent during the five-year period," the report said. "Gen X follows with 33 percent of millionaire Gen X households renting after increasing by 147 percent."

    The report continued, "Although Gen Z still represents a small share of millionaire renters (just 2 percent of the total), no generation has expanded faster: Gen Z millionaire renter households leaped from fewer than a dozen to more than 400 — a tiny cohort today, but one that was virtually nonexistent five years ago."

    The top three most common professions for millionaire renters are chief executives, software developers, and managers, the report additionally found. In Houston, the surge of wealthy newcomers are mostly executives, professional athletes, and entertainers.

    "These roles tend to generate steady, substantial income without necessarily tying workers to one location, making renting a practical fit, rather than a financial necessity," the report said.

    Hotspots for millionaire homeowners
    In RentCafe's separate list comparing the top 10 most popular U.S. metros for millionaire homeowners, Houston ranked 12th nationally with 4,374 millioniare homeowners living in the metro as of 2024. These wealthy Houstonians are most likely working as chief executives, physicians, managers, and lawyers and judges.

    Houston has already proven to be a hotspot for millennial homebuyers, and the latest RentCafe data says millennials make up 19 percent of all millionaire homeowners in the U.S. Gen Xers and Baby Boomers still maintain the largest shares of millionaire homeowners nationwide, at 45 and 33 percent, respectively.

    Dallas (No. 10) and Austin (No. 20) also appeared among the hottest metros for millionaire homeowners.

    Only one Texas city appeared among RentCafe's list of the 20 fastest-growing metros for millionaire homeowners: College Station ranked 13th nationwide with a growth rate of 1,329 percent. From 2020-2024, the number of millionaire homeowners residing in College Station grew from 14 to 200.

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