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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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    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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