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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

    Welcome to the Waldo Mansion in Montrose, built in 1885.

    2 On the Market 201 Westmoreland November 2013
    Photo courtesy of © TK Images
    Welcome to the Waldo Mansion in Montrose, built in 1885.
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    REAL ESTATE NEWS

    More Houston homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 10:30 am
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of San Antonio homeowners are bcoming "accidental landlords"

    Houston homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 4.2 percent of its local for-sale listings recently converted to rentals, making the Bayou City the second-worst U.S. city for the market trend.

    Only Denver (4.9 percent) ranks higher, with Austin (4.1 percent) and San Antonio (3.9 percent) not far behind. Seven of the top 10 metros are in Texas or Florida.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    Meanwhile, the city's rental market keeps getting larger. In 2025, rental listings website Point2Homes placed the Houston area among the top 10 U.S. metros building the most new homes for rent.

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