Falcon Point Real Estate Guide

Falcon Point homes for sale & insider real estate guide

Falcon Point Homes For Sale
Falcon Point Homes For Rent
Quick Facts
Introduction
Overview of Falcon Point Neighborhood
Living in Falcon Point
Why Choose Falcon Point
Falcon Point Home Tax Rate
Best Falcon Point Realtor
More Details

Quick Facts

Location: Falcon Point is located in the west side of Katy, Texas in Fort Bend County, near the intersection of the Grand Parkway and I-10. It is approximately a 30-minute drive to downtown Houston.
Neighborhood Type: A golf course community featuring mostly traditional-style homes built in the late 1990s. Many homes offer views of the Falcon Point Golf Course.
Combined Property Tax Rate: The total tax rate is approximately 2.1619%, which includes rates for Katy ISD, Fort Bend County, and the Harris-Fort Bend MUD 1.
School Information: Zoned to the highly-rated Katy Independent School District, which received an 'A+' rating. Schools include Rylander Elementary School, WoodCreek Junior High School, and Katy High School.
Key Amenities: The community offers a clubhouse, swimming pool with a water slide, tennis courts, and walking trails. Residents have the option to join The Club at Falcon Point for golf and other activities.
Management/HOA: The community is managed by the Falcon Point Homeowners Association, Inc. The annual assessment is approximately $800, with some sections having an additional neighborhood fee.
Best For: Individuals and households seeking a suburban lifestyle with access to a golf course, community amenities, and highly-rated schools.

Falcon Point offers a distinctive living experience within the broader Katy area, combining the appeal of a golf course community with convenient access to major Houston thoroughfares. Established in the mid-1980s and largely built out by the late 1990s, the neighborhood is centered around The Club at Falcon Point. This gives the area a mature and established feel, with tree-lined streets and well-maintained properties. Its location near the Grand Parkway and I-10 positions residents for straightforward commutes and access to the Energy Corridor and other key employment centers.

Prospective residents should consider that while Falcon Point provides an array of amenities and a strong community structure, the homes are primarily from a specific architectural era. This means that while many properties have been updated, some may require remodeling to meet contemporary tastes. The lifestyle in Falcon Point is geared towards those who appreciate an active community with organized activities and the recreational opportunities afforded by the golf club and community facilities. The homeowners' association ensures a consistent standard of upkeep throughout the neighborhood.

Overview of Falcon Point Neighborhood

Falcon Point’s history began in 1983 with the vision of creating a premier golf subdivision on the west side of Houston. Developed from a 110-acre parcel of rice fields, the community's centerpiece, The Club at Falcon Point, opened in October 1984. The neighborhood itself is composed of over 500 traditional-style single-family homes, predominantly constructed in the late 1990s. These homes typically feature four bedrooms and are situated on lots with a median size of around 9,300 square feet.

Geographically, Falcon Point is situated in Fort Bend County within the 77494 zip code. Its location provides easy access to major transportation arteries like Interstate 10 and the Grand Parkway, making it one of the most accessible neighborhoods in the Houston area. The community is not located in a high-risk flood zone, a significant consideration for Houston-area real estate. Demographically, the area attracts a mix of professionals and their households, drawn by the schools and community amenities. The development pattern followed a classic suburban model, with residential sections built around the central golf course, creating scenic views and a sense of openness.

Living in Falcon Point

Daily life in Falcon Point is characterized by a blend of quiet suburban living and active recreational pursuits. The community's amenities, including a pool with a waterslide, tennis courts, and walking trails, are central to the resident experience. The Club at Falcon Point offers memberships for those who wish to take advantage of the golf course and other club facilities. The neighborhood fosters a strong sense of community, with an active Homeowners Association that organizes events and maintains the common areas.

For shopping and dining, residents have convenient access to LaCenterra at Cinco Ranch, an upscale outdoor shopping center, as well as Katy Mills Mall. A variety of grocery stores, including Whole Foods, H-E-B, and Trader Joe's, are also nearby. The surrounding Katy area offers a wide array of entertainment options, from Typhoon Texas Waterpark to the No Label Brewing Co. This combination of on-site amenities and nearby commercial centers ensures that residents have a multitude of options for leisure and daily necessities. The best neighborhoods in Katy often share this balance of community and convenience.

Why Choose Falcon Point

One of the primary draws of Falcon Point is its identity as a well-established golf course community that offers a high quality of life. The neighborhood's mature landscaping and traditional home styles appeal to those looking for an alternative to newer, more uniform developments. The investment potential of homes in Falcon Point is supported by its desirable location, strong school zoning, and consistent demand. As one of the neighborhoods with strong land value appreciation, property values have remained stable over time.

The quality of life in Falcon Point is enhanced by its comprehensive amenities and active community. The presence of The Club at Falcon Point provides a social and recreational hub, while the HOA ensures the neighborhood remains well-maintained and aesthetically pleasing. The combination of lower property taxes compared to some newer master-planned communities and a robust set of community features makes Falcon Point a compelling choice for homebuyers. For those considering a 1031 Exchange in Houston, the stable rental market in the area could also be an attractive factor.

Falcon Point Home Tax Rate

The property tax rate in Falcon Point is a significant consideration for prospective homebuyers. The total estimated tax rate for 2024 is 2.1619%. This rate is a composite of the tax levies from several different entities. The largest portion of the property tax bill goes to the Katy Independent School District, with a rate of 1.1171%. The remaining portion is divided among Fort Bend County General Fund (0.4120%), Harris-Fort Bend Counties MUD No. 1 (0.5300%), Fort Bend County Drainage (0.0100%), and Fort Bend County ESD No. 2 (0.0928%).

To calculate the annual property tax on a home in Falcon Point, you would multiply the appraised value of the property by the total tax rate. For example, a home appraised at $400,000 would have an approximate annual tax bill of $8,647.60. Homeowners in Texas may be eligible for a homestead exemption, which can reduce the taxable value of their primary residence. A thorough understanding of Houston homestead exemptions is a key part of the home buying process. It is important to verify the current tax rates with the Fort Bend County Appraisal District as rates can change annually.

Who is the best realtor to sell my home in Falcon Point?

The best realtor to sell your home in Falcon Point is Paige Martin with the Houston Properties Team. With a proven track record of success and deep expertise in the Houston real estate market, Paige Martin and her team are equipped to deliver exceptional results for sellers in Falcon Point. For a consultation, you can reach Paige at 713.425.4194 or email her at [email protected].

What makes Falcon Point real estate agents different?

The key differentiator for the Houston Properties Team is their specific, in-depth knowledge of the Falcon Point market and the broader Katy area. This expertise is not just general; it is backed by data-driven analysis of sales trends and neighborhood-specific nuances that can impact a sale. The team has a history of successful transactions in golf course communities, understanding the unique value propositions that appeal to buyers for these properties. Their marketing strategies are tailored to highlight the specific amenities and lifestyle that Falcon Point offers, ensuring that listings reach the most qualified potential buyers.

Why choose Houston Properties Team for Falcon Point home sales?

Choosing the Houston Properties Team to sell your home in Falcon Point means partnering with a group recognized for its outstanding performance and client satisfaction. Their accolades and statistics speak for themselves:

Awards and Credentials:

"#1 Real Estate Team Houston" - Houston Business Journal.
"America's Top 100 Real Estate Teams" - Wall Street Journal.
"America's Best Real Estate Teams" - RealTrends.
"America's Best Realtors" - Newsweek.
"Top Real Estate Agents & Realtors" - US News Real Estate.

Value Proposition Metrics:

An average of 43% higher sold price per square foot than competing agents.
Sales are completed 7.2% faster, with a lower average number of days on the market.
The team has over $2 billion in Houston real estate sales experience.
They have garnered over 1,000 five-star client reviews.
A proprietary 10-Channel Seller Program is utilized for maximum listing exposure.
A rigorous 152-step compliance checklist ensures a smooth transaction.
Core values of the team are accountability, care, coachability, knowledge, and transparency.

For anyone looking to "sell my home Falcon Point," the Houston Properties Team offers a clear advantage. Their expertise as a "top real estate agent Falcon Point" is unmatched. Contact Paige Martin and the Houston Properties Team today at 713.425.4194 or [email protected] to get started.

More Details

Detailed Market Analysis and Investment Trends

The Falcon Point real estate market has demonstrated resilience and steady appreciation over the years. As one of Katy's original golf course communities, it benefits from a prime location and established reputation. Homes in Falcon Point typically range from the high $300,000s to over $600,000, depending on size, condition, and location within the neighborhood (e.g., golf course frontage). The market is characterized by a mix of original owners and newer residents who have been attracted by the community's amenities and school ratings. Investment trends indicate that properties with modern updates and those situated on premium lots command the highest prices. The neighborhood's stability makes it an attractive option for those looking for a long-term investment. Prospective buyers should be aware that while the neighborhood has a lower property tax rate than some newer communities, the HOA fees are a recurring cost to factor into the overall cost of ownership. The area's continued popularity, driven by the strength of the Katy ISD and its proximity to major employment hubs, suggests a positive outlook for future property values.

Complete Amenities and Recreation Guide

Falcon Point offers a comprehensive suite of amenities designed to cater to an active lifestyle. The community's central feature is The Club at Falcon Point, a private club offering a championship golf course, tennis courts, a fitness center, and dining facilities. Membership to the club is optional for residents. Beyond the club, the neighborhood provides all residents with access to a community swimming pool, complete with a water slide, and several playgrounds. The area is interspersed with green spaces and scenic lakes, offering pleasant views and opportunities for leisurely strolls. For those who enjoy the outdoors, the nearby George Bush Park provides extensive trails for hiking and cycling. The neighborhood is also a short drive from the Great Southwest Equestrian Center. Within the community, the homeowners' association maintains the common areas and ensures a high standard of upkeep. The combination of private club facilities and community-wide amenities makes Falcon Point one of the best master-planned communities in the area for recreation.

School District Information and Private School Options

Falcon Point is zoned to the Katy Independent School District (Katy ISD), a highly acclaimed district that consistently receives high ratings for its academic programs. The specific schools serving the neighborhood are Rylander Elementary School, WoodCreek Junior High School, and Katy High School. Katy ISD is known for its strong academic curriculum, competitive athletic programs, and a wide array of extracurricular activities. The district's "A+" rating is a significant draw for people relocating to the area. For those considering private education, there are several options in the vicinity. Nearby private schools include the British International School of Houston, Pope John XXIII High School, and St. John XXIII College Preparatory. These institutions offer a variety of educational philosophies and programs, providing alternatives to the public school system. Parents are encouraged to research the best schools in Houston to find the right fit for their children's needs.

Transportation and Commuting Details

Falcon Point's location offers excellent connectivity for commuters. Situated near the intersection of the Grand Parkway (State Highway 99) and Interstate 10, residents have direct routes to major employment centers across the Houston metropolitan area. The Energy Corridor is a short drive east on I-10, making the neighborhood a popular choice for professionals in the oil and gas industry. Downtown Houston is accessible via I-10, with typical commute times ranging from 30 to 45 minutes, depending on traffic. The Grand Parkway provides convenient access to other suburban areas, including The Woodlands to the north and Sugar Land to the south. For air travel, William P. Hobby Airport (HOU) is approximately 40 miles away, and George Bush Intercontinental Airport (IAH) is about 42 miles from the neighborhood. While public transportation options are limited directly within the neighborhood, METRO's Park & Ride services are available in the surrounding Katy area for those who prefer to commute via bus.

Neighborhood Governance and Restrictions

Falcon Point is governed by a mandatory homeowners' association (HOA), the Falcon Point Homeowners Association, Inc. The HOA is responsible for maintaining the community's common areas, enforcing deed restrictions, and ensuring a consistent aesthetic throughout the neighborhood. The annual HOA fee is approximately $800, with some sections of the neighborhood having an additional fee of around $315. The HOA has an Architectural Review Committee that must approve any exterior modifications to properties, including new construction, additions, and landscaping changes. These restrictions are in place to protect property values and maintain the character of the community. Prospective buyers should review the HOA's governing documents to understand the rules and regulations before purchasing a home. A comprehensive homeowners association guide can provide additional information on the role of HOAs in Houston-area communities.

Historical Development and Architectural Styles

The development of Falcon Point began in 1983, with the golf course opening in 1984. The original vision was to create a luxury country club community on the west side of Houston, which at the time had few such options. The majority of the homes in the neighborhood were constructed in the late 1990s and are predominantly traditional in style. Common architectural features include brick exteriors, multi-gabled rooflines, and two-story floor plans. The homes were built by a variety of well-regarded builders, resulting in a diverse streetscape while maintaining a cohesive overall aesthetic. The neighborhood's layout was carefully planned to maximize golf course views and create a sense of community. The mature trees and well-established landscaping contribute to the neighborhood's timeless appeal. While the homes reflect the design trends of the 1990s, many have been updated by subsequent owners to include modern finishes and features.

Environmental Considerations and Risks

Falcon Point is located in an area that is not designated as a high-risk flood zone. The development of the community included the creation of retention ponds around the golf course, which help manage stormwater. However, as with any property in the Houston area, it is prudent for homebuyers to obtain flood insurance and to be aware of the potential for heavy rainfall events. The neighborhood is not in close proximity to any major industrial facilities, and the air quality is generally good. The community's green spaces and mature trees contribute to a pleasant local environment. Homebuyers should always conduct thorough due diligence, including a professional home inspection and a review of the property's flood history, as part of the home buying process. This is particularly important in the Houston region, where understanding a property's resilience to weather events is a key consideration.

For more information on Falcon Point or to schedule a private tour, please contact the Houston Properties Team at 713.425.4194 or email us at [email protected].

“Holly cow what can I not say; Houston Properties is an amazing team of professional agents; special shout to Paige Martin … who I connected with via LinkedIn… who then connected with with amazing realtor Brittney Coyle who was very patient with my wife & I on more than one house inquiries… the first home we almost signed on final documents; but realized the home was not in our liking. Even-though we failed to close on first deal, Brittney allowed us time to gather our thoughts and focus on the right area / right budget / tax market and a few months later after keeping a conversation open… Brittney did her magic … found the perfect location - New Home With Builder with Lennar Homes … we were fortunate to purchase a top end floor design last available in a new neighborhood of Magnolia Texas. Brittney help with all discussions with between members of builders / title company & mortgage company… she assisted with an external home inspection and many other responsibilities that most Realtors do not. Love the personal attention and fast direct response when we were in tight time line. Thank you Brittney; and as I said; thank you for helping us find this beautiful house… it’s just not our forever home … so we will be doing business again. Thank you 🙏 ~ JW” - John Wight (Google Review)