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a very modern mansion

Tanglewood villa with Mediterranean flair hits the market for $2.9M

Holly Beretto
Jun 7, 2024 | 4:30 pm

Mediterranean resort living might not be the first thing that comes to mind when the word "Tanglewood" is mentioned. But that's only because people may not have seen this beauty at 5007 Cedar Creek Drive. Tucked off of South Post Oak Lane, this 22-room modern mansion is in a gated community. It's listed for $2.9 million, represented by Sarah Ghandour and Bobby Yazdani of Martha Turner Sotheby’s International Realty.

It sits behind a gated enclave of just four homes with 24-hour video surveillance, four guest parking spots, a land bridge to shared green space, and wide paver driveways, evoking the charm of a European city. The secluded environment makes for a home that is both away from it all while being in the heart of the city.

With its six bedrooms, seven full baths, and an array of gathering spaces, this home is a showplace that's meant for living and entertaining. The chef's kitchen is equipped with Sub-Zero and Wolf appliances. Marble countertops, wood cabinetry, and tile accents are nods to the house's Mediterranean inspo. With an island and a breakfast nook, the kitchen can easily be the heart of this home, as friends and family linger while home chefs whip up culinary magic.

The second-floor primary suite has vaulted ceiling beams and a spa-like bathroom, along with two walk-in closets. An adjoining bedroom has been converted to an additional walk-in closet, giving fashion mavens all the space they need to house every outfit for every occasion.

The outdoor amenities are equally impressive. Lush gardens surround a summer kitchen. The rear patio overlooks the heated pool with lion head streamers, and a pavilion offers space for entertaining in style.

Impeccably designed by Castellanos Designs with exquisite ironwork, imported stone, multiple balconies, groin vault ceilings, a sweeping circular staircase, and arched doorways, 5007 Cedar Creek is an architectural masterpiece that will transport owners and guests alike to another world. Those seeking an oasis in the middle of the city — and with the necessary means — should fall in love with this home.

5007 Cedar Creek Drive exterior

Photo by Josh Gremillion Photography for Martha Turner Sotheby’s International Realty

With Mediterranean touches and an incredible location, 5007 Cedar Creek Drive is an exceptional home.

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real estate report

Houston new home prices are falling while sales climb, report says

Amber Heckler
Jun 25, 2026 | 4:00 pm
New housing
Photo by André François McKenzie on Unsplash
Houston's housing market is showing good signs ahead of summer, according to the report.

A new HomesUSA.com report tracking the sales of new homes in the Houston metro has revealed a promising increase in May's new home sales, and improving prices are allowing new homes to sell at a slightly faster rate than in April.

The New Home Sales Report tracks three-month moving averages across Houston's housing market and also tracks real estate data in Dallas-Fort Worth, Houston, and San Antonio.

New home sales in Houston rose to 2,169 closed transactions in May, up from 1,958 in April, and they sold for near asking price with the average sales-to-list price ratio at 95.34 percent. The average price for a new home in the Houston area fell to $398,646 last month, a $4,355 decrease from April, the report found.

Current new home prices are still over $5,000 more expensive than they were this time last year, but the month-to-month downward trend could help ease prices further into the summer.

The average days on market — meaning the average time it takes to sell a new home — also showed a slight improvement month-over-month, at 108.90 days, down from 110.70 days in April.

New homes in the city are taking longer to sell now than they were a year ago, when the days on market was 96.26 days in May 2025. However, the report adds clarification that new homes typically spend more time on the market than existing homes because many are listed for sale while still under construction.

HomesUSA.com CEO Ben Caballero predicted May's new home sales could be "the highest for the year if interest rates remain at the current level or higher."

"May brought another encouraging increase in Houston new home sales, but the market is about where it was a year ago," he said. "Houston builders are seeing homes sell a little faster than they did in April, which is good news. But higher inventory, stubborn mortgage rates and mixed year-over-year comparisons show this spring market still requires patience, pricing discipline and close attention to buyer demand."

Houston nearly leads the nation with the second-highest rate of new home construction in 2026.

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