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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.
unspecified
news/real-estate

Market Upset

Houston shocks as one of 10 worst big cities for first-time homebuyers

Amber Heckler
Jul 14, 2026 | 3:00 pm
Row of houses in Houston, Houston homes for sale
Getty Images
Houston is the worst Texas city for first-time buyers.

The Houston housing market may not be for everyone. In a surprising turn of events, Houston has flopped to the bottom of a new list of the best U.S. cities for first-time homebuyers.

WalletHub's new study — which analyzes the affordability, quality of life, and real estate market in 300 U.S. cities — ranks Houston No. 271, or the 30th worst city overall in the U.S. to buy your first home. And, when broken down by city size, WalletHub ranks Houston the 9th worst big city for first-time buyers (No. 61 out of 69).

Houston's lack of appeal for first-time buyers is essentially due to its poor affordability and quality of life scores, rather than the state of the city's housing market, according to the report's findings.

H-town ranks 216th out of all 300 U.S. cities for its affordability, and it appears farther down the list for its quality of life, landing 284th nationally. Houston's cost of living, however, is better than most cities, ranking 51st overall.

The city's real estate market ranking is among the top 100 in the U.S., at No. 91, but that wasn't enough to outweigh its less-than-stellar rankings in the other main categories.

Other metrics (where No. 1 is the best and No. 150 is average) that factored into Houston's overall ranking include:

  • No. 31 – Total home energy cost
  • No. 77 – Rent-to-price ratio
  • No. 99 – Median home-price appreciation
  • No. 148 – Foreclosure rate
  • No. 246 – Real estate tax rate
  • No. 270 – Property crime rates
While Houston boasts the lowest Texas ranking on the list, it isn't the only Lone Star city that is less than favorable for first-time buyers. In fact, only one Texas spot — the Dallas suburb of McKinney — lands among the top 100 of the report. A total of 20 Texas cities rank outside the top 100, with Laredo (No. 200), Mesquite (No. 202), San Antonio (No. 208), and Dallas (No. 233) joining Houston as the state's worst.

First-time buyers across the country are entering the housing market at a difficult time, the report says. The National Association of Realtors reported the share of first-time homebuyers sank to an all-time low in 2025, to 21 percent, whereas the historic national average is 40 percent.

"Buying a home for the first time is an exciting and important milestone for many Americans, but achieving that milestone is getting more difficult as prices and interest rates continue to rise," the report's author wrote. "People willing and able to invest in a house this year must balance what they want and need with what they can afford. Often, people begin searching for their dream home without a realistic idea of market prices, interest rates or even their eligibility for a mortgage."

wallethub real estate housing market first time homebuyers houston reports
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