Discover how Nan and Company Properties orchestrated Houston’s priciest home sale—a $5M waterfront estate—setting a new benchmark in luxury real estate.
In a landmark transaction that underscores the vitality of Houston’s luxury real estate market, Nan and Company Properties has successfully brokered the sale of a magnificent waterfront estate at 401 Lakeshore Drive. The property, nestled along the serene shores of Taylor Lake, fetched between $5.08 million and $5.86 million, making it the most expensive home sale in the Houston area in recent times.
A Showcase of Luxury and Elegance
Spanning nearly six acres, this opulent mansion encompasses 13,600 square feet of meticulously designed living space. One of its most remarkable features is a 4,000-square-foot primary suite, touted as the largest in Texas. The residence offers six bedrooms, nine full bathrooms, and two half-baths, providing ample space for comfort and entertainment.
Exceptional Amenities
The estate is replete with luxurious amenities, including:
- A custom car showroom equipped with a kitchen and game room
- A private boat ramp for seamless access to Taylor Lake
- A state-of-the-art media room
- A sunroom offering panoramic waterfront views
Built in 2017, the property has undergone significant upgrades to enhance its resilience and functionality, such as the installation of bulkheads and hurricane shutters.
Swift and Successful Sale
Listed in September for $7.9 million, the property attracted considerable interest, leading to a swift sale. Nancy Almodovar, CEO of Nan and Company Properties, represented both the buyer and the seller. The transaction closed on October 16, merely 12 days after listing, highlighting the robust demand in Houston’s luxury real estate sector.
Market Trends and Insights
This sale is indicative of a broader trend in Houston’s real estate market. October saw a 21% year-over-year increase in listings, with 3,197 homes entering the market. Single-family home sales rose by 1.7% in September compared to the previous year, while luxury home sales (properties priced at $1 million or more) experienced a 2% uptick, signaling sustained interest in high-end properties.
Nan and Company Properties: Pioneering Luxury Real Estate
This record-setting transaction underscores Nan and Company Properties’ expertise and leadership in Houston’s luxury real estate market. Our commitment to excellence and personalized service continues to set new benchmarks, ensuring our clients receive unparalleled value and satisfaction.
Explore Luxury Living with Nan and Company Properties
If you’re seeking to buy or sell a luxury property in Houston, trust the professionals who consistently deliver exceptional results. Contact Nan and Company Properties today to discover how we can assist you in achieving your real estate goals.