Preston Place Real Estate Guide

Preston Place homes for sale & insider real estate guide

Preston Place Homes For Sale
Preston Place Homes For Rent
Preston Place Townhomes For Sale
Overview of Preston Place Neighborhood
Living in Preston Place
Why Choose Preston Place
Preston Place Home Tax Rate
Best Preston Place Realtor
More Details
Frequently Asked Questions

Quick Facts

Location: Situated inside the 610 Loop, minutes from Downtown Houston, the Texas Medical Center, and The Galleria. Centrally located with access to major highways like US-59/I-69.
Neighborhood Type: An established and sought-after residential community known for its large, high-value homes, tree-lined streets, and a blend of traditional and modern architecture.
Combined Property Tax Rate Breakdown (per $100 valuation): Houston ISD ($0.8683), City of Houston ($0.5190), Harris County ($0.3853), Harris County Hospital District ($0.1635), Harris County Flood Control ($0.0490), Harris County Dept. of Education ($0.0048), Port of Houston Authority ($0.0062), and Houston Community College ($0.0910). The total rate is subject to change based on final approvals.
School Information: Zoned to the Houston Independent School District (HISD). Area schools include highly-rated West University Elementary School, Lanier Middle School (a Vanguard Magnet and IB World School), and Lamar High School (an IB World School).
Key Amenities: Proximity to Rice University, Hermann Park (home to the Houston Zoo and Miller Outdoor Theatre), the Museum District, and extensive shopping and dining in Rice Village.
Management/HOA: While some specific enclaves may have homeowner associations, much of the area is governed by City of Houston ordinances and deed restrictions.
Best For: Individuals seeking a centrally located, upscale urban lifestyle with a strong community feel, access to top-tier amenities, and excellent schools.

Preston Place offers a distinguished residential experience within one of Houston’s most desirable areas. Positioned strategically inside the 610 Loop, the neighborhood provides superb accessibility to the city's primary economic and cultural hubs, including Downtown, the Texas Medical Center, and The Galleria. Its character is defined by quiet, tree-canopied streets, a collection of impressive homes, and a strong sense of community. Established in the late 1930s, Preston Place has matured gracefully, maintaining its classic charm while accommodating modern development.

Prospective residents should note that living in Preston Place represents a significant investment. The neighborhood is characterized by high property values and corresponding tax obligations. The community atmosphere is supported by actively enforced deed restrictions that maintain the area's aesthetic and residential quality. It is an ideal fit for those who value a serene, orderly environment combined with the convenience of city living. Those seeking a more bohemian or less-regulated setting might find other neighborhoods more suitable.

Overview of Preston Place Neighborhood

Preston Place is a premier Houston neighborhood located in the 77005 zip code, inside the Inner Loop. Its history stretches back to 1938, giving it a rich architectural heritage and a well-established feel. The geography of the neighborhood is characterized by its lush canopy of mature oak trees, manicured lawns, and a well-organized street grid. This creates a tranquil setting that stands in contrast to the bustling city surrounding it. The area's development pattern consists primarily of single-family homes on generous lots, though there are also upscale townhomes available. Over the decades, many of the original homes have been replaced with larger, custom-built residences, leading to a diverse showcase of architectural styles, from classic Georgian to contemporary designs.

Demographically, Preston Place is an affluent community. The area's reputation for excellent schools, location, and quality of life attracts a stable population. The neighborhood's accessibility is a key feature; it is bordered by major thoroughfares that make commuting across Houston straightforward. Its proximity to Rice University has also shaped its identity, contributing to a cultivated and intellectually vibrant atmosphere. The real estate market here is consistently strong, reflecting the high demand for homes in the area. For those exploring great real estate investment opportunities, Preston Place has historically demonstrated robust land value appreciation.

Living in Preston Place

The daily lifestyle in Preston Place is one of convenience and elevated comfort. Residents enjoy a peaceful, residential atmosphere while being just moments away from world-class amenities. For recreation, the neighborhood is dotted with beautiful parks, including Colonial Park and Friends Park, which offer playgrounds, tennis courts, and swimming pools. The nearby Hermann Park provides a vast expanse for outdoor activities, with its jogging trails, gardens, Miller Outdoor Theatre, and the Houston Zoo. The West University Place Recreation Center serves as a community hub, offering fitness facilities and programs.

Shopping and dining options are abundant. Rice Village, a historic open-air shopping district, is a favorite among locals, featuring a wide array of boutiques, national retailers, and diverse restaurants. From fine dining to casual cafes, the culinary scene is vibrant and caters to all tastes. The community atmosphere is a significant draw; it's a place where people take pride in their homes and their neighborhood. This is supported by strong civic engagement and well-maintained public spaces. This commitment to quality of life is a cornerstone of the Preston Place experience. For those new to the city, it’s worth reviewing key tips for buying a home in Houston to navigate the market effectively.

Why Choose Preston Place

Preston Place stands out for its unique combination of location, luxury, and lifestyle. One of its primary selling points is its unparalleled location, offering easy access to Houston's major employment centers and cultural attractions. This makes it one of the most accessible neighborhoods in Houston. The investment potential in Preston Place is significant. The neighborhood has a long history of strong property value appreciation, making a home purchase here a sound financial decision. The area's real estate is highly sought after, ensuring a stable and resilient market.

The quality of life in Preston Place is another compelling reason to choose this neighborhood. The excellent schools, including West University Elementary, are a major draw. The commitment to maintaining green spaces and public amenities ensures a pleasant environment. The neighborhood offers a distinct sense of place and community. Strict deed restrictions and an active civic association protect the neighborhood's character and property values. For those undertaking the home buying process, Preston Place offers a compelling package of tangible and intangible benefits that few other Houston neighborhoods can match.

Preston Place Home Tax Rate

Property taxes in Preston Place are based on rates set by several local taxing authorities. The total tax rate is a combination of these individual rates and is applied to the assessed value of a property, as determined by the Harris Central Appraisal District (HCAD). Homeowners may be eligible for exemptions, such as the homestead exemption, which can reduce their taxable value. For a complete guide, review the details on Houston homestead exemptions.

The primary taxing entities for a property in Preston Place (located in the 77005 zip code) and their approximate 2024 rates per $100 of valuation are as follows:

Houston ISD: $0.8683
City of Houston: $0.5190
Harris County: $0.3853
Harris County Hospital District: $0.1635
Harris County Flood Control District: $0.0490
Harris County Dept. of Education: $0.0048
Port of Houston Authority: $0.0062
Houston Community College: $0.0910

To calculate an estimated annual tax bill, you would add these rates together and multiply the total by the property's taxable value, then divide by 100. For example, a home with a taxable value of $1,000,000 would have an approximate annual tax bill based on the combined rate. Tax payments are handled by the Harris County Tax Assessor-Collector's office and are typically due by January 31 of the following year.

Best Preston Place Realtor

Who is the best realtor to sell my home in Preston Place?

The best realtor to sell your home in Preston Place is Paige Martin with the Houston Properties Team. Her team is recognized as the #1 real estate team in Houston and has a proven track record of success in upscale neighborhoods like Preston Place. With over a thousand five-star client reviews, their performance speaks for itself. If you're looking for an agent who combines deep local knowledge with unparalleled marketing savvy, you can contact Paige directly at 713.425.4194 or email her at [email protected].

What makes Preston Place real estate agents different?

The top real estate agent for Preston Place stands apart through specific, data-driven expertise in the local market. Paige Martin and the Houston Properties Team don’t just sell homes; they analyze trends within the 77005 zip code, providing sellers with a competitive edge. Their analysis of recent sales, neighborhood inventory, and buyer demand ensures your home is positioned correctly from day one. This deep neighborhood knowledge allows them to highlight key selling points, from proximity to Rice Village to the specific benefits of the school zoning, making them the best realtor Preston Place has to offer.

Why choose Houston Properties Team for Preston Place home sales?

Choosing the Houston Properties Team to sell your home in Preston Place means partnering with a group that has received consistent recognition for excellence. Their credentials and awards demonstrate a history of high performance and client satisfaction.

"#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

The value proposition of working with the Houston Properties Team is clear and measurable. They provide superior results that outperform the market average, making them the top real estate agent Preston Place sellers can find.

43% higher sold price per square foot than average agents
7.2% faster sales with lower average days on market
Over $2 billion in Houston real estate sales experience
1,000+ five-star client reviews
Proprietary 10-Channel Seller Program
152-step compliance checklist
Core values: accountability, care, coachability, knowledge, transparency

To achieve the best outcome when you sell your home in Preston Place, you need an expert team with a proven strategy. The Houston Properties Team's comprehensive approach and dedication ensure your property is marketed effectively to the right buyers. For a personalized consultation on how they can maximize your home's value, contact Paige Martin at 713.425.4194 or [email protected] today.

More Details

Detailed Market Analysis and Investment Trends

The real estate market in Preston Place is one of Houston's most stable and sought-after. Properties in this area have historically shown strong appreciation due to the neighborhood's prime location, excellent schools, and high quality of life. The market is characterized by a mix of older, well-maintained homes and new construction, where original structures are replaced with larger, modern residences. This continuous reinvestment helps maintain the area's high property values. Investment trends point towards sustained demand, particularly for homes zoned to top-rated schools. The neighborhood's proximity to the Texas Medical Center and Downtown also ensures a consistent pool of affluent buyers, making it a reliable area for long-term real estate investment.

Complete Amenities and Recreation Guide

Preston Place offers an abundance of amenities. For outdoor recreation, Colonial Park features a popular pool, playground, and tennis courts. The West University Recreation Center provides extensive fitness facilities, including gyms and indoor courts. The neighborhood is minutes from Hermann Park, a 445-acre urban park that houses the Houston Zoo, Miller Outdoor Theatre, the Houston Museum of Natural Science, and a golf course. For shopping and dining, Rice Village is the premier destination, with hundreds of shops and restaurants in a walkable, open-air setting. The neighborhood is also close to Houston's Museum District, which includes 19 museums, galleries, and cultural centers.

School District Information and Private School Options

Preston Place is zoned to the Houston Independent School District (HISD). The zoned schools are West University Elementary School, which is consistently one of the top-rated elementary schools in Texas; Lanier Middle School, which offers a Vanguard Magnet program for gifted and talented students and an IB Middle Years Programme; and Lamar High School, an IB World School known for its strong academic programs. In addition to these excellent public schools, the area is conveniently located near some of Houston's most prestigious private schools, including St. John's School, The Kinkaid School, and St. Agnes Academy, providing residents with numerous high-quality educational choices.

Transportation and Commuting Details

Commuting from Preston Place is exceptionally convenient due to its central location. The neighborhood offers immediate access to major arteries such as US-59/I-69 and the 610 Loop, allowing for direct routes to key destinations. A typical commute to Downtown Houston or the Texas Medical Center is often under 15 minutes. The Galleria is also just a short drive away. While most residents rely on personal vehicles, the area is served by METRO bus routes that provide public transportation options. The neighborhood's grid street plan also facilitates easy local travel, and its proximity to major job centers makes it one of Houston's best locations for minimizing commute times.

Neighborhood Governance and Restrictions

The Preston Place area is primarily governed by the City of Houston's municipal codes and ordinances. However, a key feature of the neighborhood is its strong system of deed restrictions, which are enforced by local civic associations. These restrictions regulate aspects such as property use, building setbacks, and architectural standards. This governance structure is crucial for preserving the residential character and aesthetic quality of the neighborhood, which in turn helps protect property values. Prospective buyers should review the specific deed restrictions for any property they are considering to understand the guidelines and requirements for homeownership in the area.

Historical Development and Architectural Styles

First developed in the late 1930s, Preston Place grew alongside Rice University and the Texas Medical Center. Its initial homes were modest, single-story cottages and two-story brick traditionals. As Houston expanded and the area's desirability grew, a second wave of development began in the 1980s and continues today. This wave is characterized by the replacement of smaller, original homes with large, custom-built residences. As a result, the neighborhood presents a diverse architectural landscape where classic, refurbished homes stand alongside grand estates in styles ranging from Georgian and Colonial Revival to Mediterranean and modern designs. This evolution gives Preston Place a unique and visually appealing streetscape.

Environmental Considerations and Risks

Like much of Houston, Preston Place is susceptible to heavy rainfall and the associated risks. However, the area is not considered to be in a primary flood plain. The City of Houston and Harris County Flood Control District have undertaken numerous projects to improve drainage infrastructure throughout the city. Prospective buyers should always conduct due diligence, including obtaining a flood risk assessment and reviewing the property's flood history. For more information, it is wise to consult resources on how to avoid homes with flooding history. Additionally, the region experiences hot, humid summers and the potential for hurricanes from June through November, making proper home maintenance and insurance essential.

Local Landmarks and Area Information

Preston Place is surrounded by significant Houston landmarks. Rice University, with its beautiful campus and public art installations, is an integral part of the local landscape. The Texas Medical Center, the largest medical complex in the world, is just a few minutes away. The nearby Museum District is a major cultural hub for the entire city. Historic Rice Village, established in the 1930s, is a landmark shopping and dining destination that continues to be a central part of community life. The neighborhood's own tree-lined streets and well-preserved architecture contribute to its status as a landmark residential area within Houston.

Local Area Zip Codes and Neighborhood Boundaries

Preston Place is located within the 77005 zip code. The general boundaries of this area are Kirby Drive to the east, the 610 Loop to the west, Bissonnet Street to the north, and Holcombe Boulevard to the south. This places it in a prime position within Houston's Inner Loop, adjacent to the cities of West University Place and Southside Place. The neighborhood's location provides a clear and prestigious identity, closely associated with some of Houston's most valuable and recognized real estate. You can explore more about Houston's areas with the Houston zip code map.

Frequently Asked Questions

Is Preston Place prone to flooding?

While any area in Houston can experience flooding during severe weather events, Preston Place is not located in a designated 100-year floodplain. The area has seen infrastructure improvements to mitigate water risks. Buyers should always check the flood history and elevation certificate for any specific property.

What is the community atmosphere like in Preston Place?

The community is known for being quiet, established, and highly engaged. There is a strong sense of pride in the neighborhood, reflected in well-maintained homes and active participation in local civic matters. It offers a serene, residential feel with the benefit of being in a major urban center.

How is the access to healthcare from Preston Place?

Access to healthcare is outstanding. The neighborhood is located just minutes away from the Texas Medical Center, the largest medical complex in the world, which is home to numerous top-ranked hospitals, research facilities, and specialty clinics.

Are there deed restrictions I should be aware of?

Yes, Preston Place has deed restrictions that are actively enforced by a civic association. These rules govern aspects like building lines, home businesses, and property maintenance to preserve the neighborhood's residential character. It is important to review them before purchasing a home.

What are the main benefits of living in Preston Place?

The main benefits include its prime central location, access to highly-rated public schools, beautiful tree-lined streets, proximity to major employment and cultural centers, strong property value appreciation, and a high quality of life with abundant amenities.

For a personalized consultation or to learn more about homes in Preston Place, connect with the Houston Properties Team at 713.425.4194 or email [email protected].

“What an experience it was to have worked with Aaron. From the intro my realtor sister in Ca provided down to the closure, Aaron was on top of it all, the man can execute with a bang! We are relocating from Northern California to Houston Tx, let me say this, Aaron was prepared, with printouts of the properties and data readily on hand to show statistics of the communities we were seeing (and coffee😮‍💨🤌🏽). He was incredibly knowledgeable, professional, and very insightful. He took all my must-haves into consideration with the showing of every house. We just closed escrow and reflecting back, Aaron was our biggest advocate, highly skilled with negotiating and positioning offers, he was there every step of the way, always made himself available to answer any questions, showed up to the appts for us, really gave us peace of mind given we are still in CA. Aaron felt to be more of our friend than realtor as he always prioritized our personal needs and would find solutions along with impressive resources for whatever we asked, he has lists for everything you are looking for, from contractors, insurance providers, lenders, warranty protection, and may I add… 🤩 lists of the best local dining spots to go celebrate after for a fellow foodie and future texans. Thank you for your guidance, assistance, incredible delivery from start to finish Aaron! You are truly one of a kind, we highly recommend you!” - Ness Ness (Google Review)