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    a total stunner

    Marvelous modern mansion hits the market in Piney Point for $12M

    Holly Beretto
    Jul 11, 2024 | 4:00 pm

    A modern marvel, set among the exclusive enclave of Piney Point, is one of those see-it-to-believe-it homes. 11246 Memorial Drive both cleaves to and stands out from its surroundings, and it's on the market for $12 million, represented by Dee Dee Guggenheim Howes and Nasseim Saad with Compass Real Estate.

    It sprawls over more than 12,000 square feet, with every luxury a homeowner could want. There are six bedrooms, seven full baths, three half-baths, a four-car garage, wine room with wet bar, elevator, and whole house generator. This one-acre estate also includes a summer kitchen and lavish pool.

    But it's the design by Levant Luxury Homes that makes 11264 Memorial stand out. The open floor plan seamlessly integrates panoramic views of the outdoors, creating an inviting atmosphere suitable for both daily living and grand gatherings. Built on multiple levels, the home features stunning landscaping that turn it into a tranquil retreat.

    The pool and spa are both focal points and gathering places. With its near-horizon design, the pool offers views of the home's expansive grounds. Just above it is the covered summer kitchen, with Fantasy Brown Leathered countertops, a natural gas grill, built-in outdoor beverage cooler, and ice maker, perfect for al fresco entertaining.

    The home's entrance is anchored by a custom, pivoting steel front door imported from Austin, signaling sophistication. In the foyer, the two-story windows offer a breathtaking view of the front lawn and fills the space with natural light. The room is designed with a Harlem Caliza porcelain floor tile, Aria 6 Ring LED chandelier in polished brass, and floating white oak and steel stairs with glass and steel railing. An elevator provides access to all floors. 11264 Memorial's first-floor study has custom double doors imported from Mexico, allowing owners to create both intimate and open spaces as needed. The living room has a Montigo Gas Log Fireplace flanked by built-in bookshelves. A tray ceiling adorned with a custom Venetian plaster finish completes the room's sophistication, and in-ceiling speakers provide a seamless audio experience.

    Home chefs will love the kitchen, with its White Pearl Francini Quartzite countertops on the island and leathered natural stone on the breakfast table, illuminated by Modern Forms Linear Pendants in aged brass. There's a Rohl under-mount double bowl sink, complemented by Waterstone pull-out spray and pot filler faucets, which blend style and function. Off the kitchen is a scullery, providing additional storage and workspace. The wine cellar and wet bar provide ample space for keeping special bottles and entertaining.

    The entrance of the primary bedroom suite sports its own sitting room, offering just a hint of the luxury to come. The bedroom has White Oak Engineered Hardwood Flooring, a morning bar with London Grey Quartzite countertops, and a dual-sided gas fireplace with a quartz surround, setting the scene for cozy relaxation. Glass doors lead to a terrace overlooking the grounds. The lavish bath features an Orgin Ombre Doree-Matte wall tile backdrop, a walk-in steam shower with a seamless glass door, and a Jacuzzi Unique soaking tub, complete with a Kohler deck mount tub faucet.

    Additional bedrooms have treetop views, some with access to the upstairs north terrance, which has its own gas outdoor fireplace. The downstairs mudroom offers stylish storage and access to the four-car, showroom garage, which has spacious 12-foot ceilings to house even the most luxurious vehicles or personal collections.

    11264 Memorial is truly a modern luxury oasis in one of the city's most desirable neighborhoods. It blends jaw-dropping beauty and plush amenities with a true sense of being a home that welcomes friends and family alike.

    11264 Memorial exterior

    Photos by TK Images/Courtesy of Compass

    Built to capitalize on and blend into its surroundings, 11264 Memorial is a luxe, modern home.

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    THE AMERICAN DREAM

    How long it takes to save for a home down payment in Houston

    Brandon Watson
    Dec 30, 2025 | 12:30 pm
    Home for sale sold sign
    iStock
    Houstonians don't have to save long to afford a down payment.

    Saving for a down payment remains one of the biggest barriers to homeownership nationwide, but a new report from Realtor.com shows San Antonio area buyers face a far shorter wait than most Americans.

    According to the real estate site’s 2025 analysis, the typical U.S. household needs seven years to save for a standard down payment, a notable improvement from the 12-year peak in 2022. Still, the timeline remains roughly double the pre-pandemic norm, reflecting higher home prices, larger down payments, and lower household savings rates.

    Houston, however, stood out as one of the most accessible major metros in the nation. The Houston-Pasadena-The Woodlands metro boasted one of the shortest time sto save for a down payment among the nation’s 50 largest markets, with households needing just 3.5 years to reach a typical down payment, according to the study.

    The report found that Houston’s median down payment from January through November was $14,927. A median household income of $83,452 was estimated to produce an annual savings of $4,228. Notably, San Antonio, the only other Texas city included in the report, had the shortest time to save for a down payment at just 1.3 years.

    Nationally, the time needed to save has shortened as home price growth cooled and affordability modestly improved. Still, saving for a down payment takes significantly longer than it did before the pandemic.

    “Higher home prices and intensified competition have pushed typical down payments higher, at the same time that inflation and rising household expenses have reduced savings rates,” said Danielle Hale, chief economist at Realtor.com, in a release. “Although conditions have improved since 2022, today’s timeline shows that saving for a home takes meaningfully longer than it did before the pandemic, especially in high-cost markets.”

    Lower savings rates have played a key role. The U.S. personal savings rate has averaged 5.1 percent of income so far in 2025, down from the pre-pandemic norm of 6.5 percent, limiting how quickly households can build funds for upfront housing costs. Meanwhile, the typical down payment has more than doubled over the past six years — rising from about $13,900 in the third quarter of 2019 to $30,400 in the third quarter of 2025.

    In high-cost coastal metros, the impact is far more severe. Saving for a down payment can take 20 to more than 35 years in California cities like San Francisco, San Jose, Los Angeles, and San Diego, effectively sidelining many first-time and moderate-income buyers.

    “In high-cost markets, the typical down payment alone exceeds a full year of household income,” said Hannah Jones, Realtor.com senior economic research analyst. “That reality makes homeownership feel unattainable for many buyers, particularly younger households trying to enter the market for the first time.”

    Despite those challenges, the report notes that roughly three-quarters of Americans still consider homeownership part of the American dream. Realtor.com says easing rents could help first-time buyers save more, while repeat buyers may use accumulated savings to reduce loan balances and manage higher monthly payments.

    “Saving consistently, even in small amounts, is a meaningful first step toward homeownership,” Jones said. “In today’s market, building that financial cushion can make a real difference when buyers are ready to act.”

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