Houston's Hottest Homes

Houston's hottest homes revealed: City tops in America for "modest" house flips

Houston reigns as the king of the United States real estate scene for modest flips during 2014.

That comes from a special report issued by real estate website Redfin defining the "Hottest Homes" of the year. Phoenix was the only other city included in the top flipper category.

Redfin used its "Hot Homes" algorithm for "analyzing home attributes, local market conditions and user behavior to identify homes with a high likelihood of getting snapped up within two weeks," the report says. The site then factored in days on the market, sale price over list price and if bidding wars ensued.

Spotlighted in Houston's flipping domain are "quieter deals," not the showy, six-figure mansions.

Spotlighted in Houston's flipping domain are "quieter deals," not the showy, six-figure mansions or the "deeply discounted dregs." Rather, Houston home flipping is most successful with decent quality foreclosures, gently distressed homes and residences in nice but unassuming neighborhoods — all easily rehabbed and then resold.

Redfin illustrates Houston's trend by citing three examples, including a Spring Meadows-area 1,8000-square-foot home that sold for $129,000, $146,000 and $161,500 this past year; and an Ashford West subdivision renovation that recently brought in $200,000 in a neighborhood with similar properties going for $175,000 to $300,500. Both residences are within easy access of the Energy Corridor District.

The third highlighted property is 6022 Autumn Forest Drive, which is already back on the market sporting new siding and a brand-new interior. Formerly a foreclosure, the three-bedroom, two-bath house was purchased in September for $166,000, renovated and then re-listed by Thanksgiving. The latest version is for sale with a listing price of $249,900.

unspecified

spacious memorial mansion

Striking French-inspired Houston estate hits market for $12.5 million

TK Images for Martha Turner Sotheby’s International Realty

412 Timberwilde Lane sits on more than two acres in Hunters Creek Village and is on the market for $12.5 million

A magnificent estate awaits in one of Houston’s most desirable neighborhoods. 412 Timberwilde Lane is a stunning brick and limestone home, inspired by French country manor houses. It’s on the market for $12.5 million and represented by Jay Monroe and Stephen Warrell ofMartha Turner Sotheby’s International Realty

Nestled on nearly 2.5 acres of meticulously manicured grounds in exclusive Hunters Creek Village, this home blends old world elegance with modern amenities, including 24/7 private security. The grand foyer’s soaring ceiling sets the tone upon entry, announcing that 412 Timberwilde Lane is something special.

Consider the formal library, with its rich, paneled walls and cross-beam ceiling, and the spacious dining room with its cozy fireplace. The living room offers breathtaking views of the rear gardens, pool, cabana, and tennis courts. Just off the kitchen, a light-filled breakfast room is a perfect place for morning coffee and admiring the grounds.

The primary suite is the embodiment of luxury, with dual bathrooms and ample closet space, ensuring comfort and convenience. This private oasis is a place to unwind and relax.

The home’s second floor offers a floor plan that can be tailored to suit any lifestyle. The bedrooms are generously sized with large closets and private baths. A playroom with a built-in playhouse castle makes for a perfect spot for kids’ imaginations to run wild. Other rooms could be utilized for a second home office, exercise room, yoga retreat, crafting space, or whatever else a family might need.

The third floor offers a game room featuring a wet bar, billiards area, and a big-screen TV, making it the ultimate place to relax and have fun with family and friends. The outdoor areas include an in-ground pool and summer kitchen, perfect places.

This one-of-a-kind estate offers an array of amenities for living and entertaining. Its location is both convenient to the city and a restful retreat.

Photo by TK Images for Martha Turner Sotheby’s International Realty

412 Timberwilde Lane sits on more than two acres in Hunters Creek Village and is on the market for $12.5 million.

home-for-sale