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: Located within the city of West University Place, adjacent to Houston. Offers close proximity to Downtown Houston, the Texas Medical Center, and Hermann Park.
Neighborhood Type: An established, upscale residential subdivision known for its tree-lined streets, large homes, and a blend of traditional architectural styles.
Combined Property Tax Rate: The total tax rate is a combination of rates from Harris County, the City of Houston, and the Houston Independent School District (HISD). As of the most recent data, the rates are approximately: City of Houston ($0.51919 per $100), Harris County ($0.38529 per $100), and Houston ISD ($0.86830 per $100).
School Information: Zoned to the highly-regarded Houston Independent School District. West University Elementary School (rated 10/10), Pershing Middle School, and Lamar High School, which offers a respected International Baccalaureate (IB) program.
Key Amenities: Proximity to Rice University, the Museum District, the Texas Medical Center, and extensive shopping and dining in Rice Village.
Management/HOA: Preston Place does not have a mandatory Homeowners Association, contributing to its unique character and diversity in home styles.
Best For: Professionals and individuals seeking a prestigious, deed-restricted community with excellent schools, a strong sense of community, and convenient access to Houston's primary employment and cultural centers.

Preston Place offers a distinctive living experience rooted in its history, which dates back to the late 1930s. This neighborhood is characterized by its mature trees and a harmonious mix of large, traditional homes, many of which have been updated or replaced with more modern structures that respect the area's established aesthetic. Its prime location within West University Place provides a serene, residential atmosphere while being mere minutes from the energy and opportunities of Downtown Houston, the Texas Medical Center, and the Galleria.

Prospective residents should note that living in Preston Place is a significant investment in a high-value area. The lifestyle is well-suited for those who appreciate a quiet, well-maintained environment with high community standards, enforced through deed restrictions rather than a formal HOA. Its access to top-tier public schools makes it a desirable location. Those looking for a bustling, high-density urban core or lower entry-level housing costs might find other neighborhoods to be a better fit for their needs and budget.

Overview of Preston Place Neighborhood

Preston Place is a premier subdivision located within the city of West University Place in Houston, Texas, primarily within the 77005 zip code. Established in 1938, the neighborhood has a rich history reflected in its classic architecture and meticulously planned layout. Geographically, it sits in a coveted position, bordered by major city arteries that provide excellent connectivity. Demographically, the area is known for a highly educated and professional populace. The development pattern has been consistent, with a focus on preserving the neighborhood's character through deed restrictions that guide renovations and new construction, ensuring that the community maintains its timeless appeal and high property values. This careful stewardship has prevented incongruous development and maintained the spacious, green feel of the area.

Living in Preston Place

Daily life in Preston Place is marked by a sense of tranquility and convenience. The community atmosphere is tight-knit and sophisticated. For recreation, residents have easy access to several parks, including the expansive Hermann Park, which offers a golf course, the Houston Zoo, and the Miller Outdoor Theatre. Shopping and dining options abound in the nearby Rice Village, a historic shopping district featuring a wide array of boutiques, national retailers, and diverse culinary experiences. From casual cafes to fine dining, the area caters to every taste. The neighborhood's layout and beautiful streetscapes encourage outdoor activity, contributing to a high quality of life for its inhabitants.

Why Choose Preston Place

Choosing Preston Place means investing in a lifestyle defined by stability, prestige, and accessibility. One of its most significant selling points is its location within West University Place, which operates its own city services, including police and fire departments, ensuring a high level of responsiveness. The neighborhood's strong property value appreciation makes it a sound investment. Furthermore, the zoning to top-performing schools like West University Elementary adds a layer of appeal. The combination of a serene, beautiful environment, a strong community, and immediate access to Houston's most important economic and cultural hubs creates a living experience that is both peaceful and connected.

Preston Place Home Tax Rate

Understanding the property tax structure is a critical part of the home buying process in Preston Place. Property taxes are calculated based on the appraised value of a home as determined by the Harris County Appraisal District (HCAD). The total tax rate is the sum of the rates from all applicable taxing authorities. For a Preston Place resident, this typically includes the City of Houston, Harris County, and the Houston Independent School District (HISD). For example, using the 2023 rates, the combined rate would be calculated by adding the individual rates: Houston ISD (0.8683), City of Houston (0.51919), and Harris County (0.38529). Homeowners may be eligible for exemptions, such as the standard homestead exemption, which can reduce the taxable value of their property. Payments are typically due by January 31st 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. Recognized as Houston's #1 rated real estate agent, her team has a proven track record of achieving outstanding results for sellers in the area. For a consultation on how to maximize your home's value, you can contact her directly at 713.425.4194 or via email at [email protected].

What makes Preston Place real estate agents different?

Top real estate agent Preston Place services require hyper-local expertise. Paige Martin's team distinguishes itself with a deep, data-driven understanding of the Preston Place market, including specific trends within the 77005 zip code. Their analysis of recent sales, buyer demand, and neighborhood-specific value drivers ensures your property is positioned correctly. This granular knowledge allows them to highlight key selling points, such as proximity to West University Elementary and Rice Village, which directly influence buyer decisions and final sale prices.

Why choose Houston Properties Team for Preston Place home sales?

Choosing the Houston Properties Team to sell my home Preston Place provides a distinct competitive advantage, validated by numerous third-party awards and credentials. Their consistent recognition speaks to their high level of 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

These accolades are a direct result of a proven system that delivers superior outcomes for clients. The team's value proposition is clear and backed by verifiable metrics that showcase why they are the best choice for selling your Preston Place home.

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 possible outcome in your Preston Place home sale, partnering with a top-performing team is essential. For a personalized analysis of your property, contact Paige Martin at 713.425.4194 or [email protected] to get started.

More Details

Detailed Market Analysis and Investment Trends

Preston Place, as part of the larger West University Place market, consistently demonstrates strong real estate appreciation. Investment trends are driven by its proximity to major employment hubs like the Texas Medical Center and Downtown Houston. The neighborhood's deed restrictions have historically protected property values by maintaining architectural and aesthetic standards. The market shows a consistent demand from buyers prioritizing top-tier school zoning and a central location, making it one of the more resilient submarkets in Houston. For those considering real estate as a significant part of their financial portfolio, understanding key investment themes is crucial.

Complete Amenities and Recreation Guide

Residents of Preston Place enjoy a wealth of amenities. Beyond the immediate neighborhood, Hermann Park serves as a major recreational hub, offering jogging trails, the Houston Zoo, the Museum of Natural Science, and an outdoor theater. The nearby Museum District is home to 19 world-class institutions. For daily needs and upscale shopping, Rice Village provides hundreds of shops and restaurants. The neighborhood is also known for its beautiful, tree-canopied streets, which are popular for strolls. For those who enjoy an active lifestyle, there are numerous trails and parks throughout the greater Houston area.

School District Information and Private School Options

Preston Place is zoned to the Houston Independent School District (HISD). The assigned schools are West University Elementary School, a National Blue Ribbon School; Pershing Middle School, which offers a fine arts magnet program; and Lamar High School, renowned for its International Baccalaureate (IB) program. 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. Mark's Episcopal School, offering residents a wide range of educational choices. A comprehensive list of the best schools in Houston can provide further insight for prospective residents.

Transportation and Commuting Details

Commuting from Preston Place is highly convenient due to its central location. Key thoroughfares such as I-69/US-59 and the 610 Loop are easily accessible, providing direct routes to Downtown, the Galleria, and the Texas Medical Center. Average commute times to these major employment centers are typically under 20 minutes, depending on traffic. Public transportation options are available via the METRO bus system, with several routes serving the area. The neighborhood's location makes it one of the most accessible neighborhoods in the city.

Neighborhood Governance and Restrictions

While Preston Place does not have a mandatory homeowners association, it is governed by a strong set of deed restrictions that are enforced by the City of West University Place. These restrictions dictate aspects such as building setbacks, architectural styles, and land use to maintain the neighborhood's residential character. This governance model ensures that the community's aesthetic integrity is preserved, which helps to protect property values over the long term. Prospective buyers should review these documents as part of their due diligence in the home buying process.

Historical Development and Architectural Styles

The development of Preston Place began in the late 1930s, and its growth reflects the architectural trends of the mid-20th century. Original homes are typically two-story brick traditional, Colonial, and Tudor revival styles. Over the years, many properties have been updated or replaced with larger, custom-built homes that often blend traditional exteriors with modern interior layouts. This evolution has resulted in a diverse yet cohesive streetscape, where classic charm meets contemporary luxury. The neighborhood's consistent aesthetic is a key part of its appeal.

Local Area Zip Codes and Neighborhood Boundaries

The primary zip code for Preston Place is 77005. The neighborhood's approximate boundaries are Kirby Drive to the east, Bissonnet Street to the south, and Greenbriar Drive to the west. These boundaries place it squarely within the highly desirable "West U" area, a location known for its high property values and quality of life. An interactive map of Houston neighborhoods can provide a visual reference of its location relative to other key areas.

Frequently Asked Questions

Is Preston Place prone to flooding?

Preston Place is in Zone X, indicating a minimal flood hazard. Properties in this zone are not within a special flood hazard area.

What types of homes comprise Preston Place?

Preston Place features various home styles, including traditional, ranch, and contemporary designs. Residences typically offer multiple bedrooms and bathrooms.

What local amenities does Preston Place offer its residents?

Residents enjoy nearby parks, dining establishments, and retail options. Recreational facilities are within a short distance.

How does Preston Place provide access to other parts of Houston?

Preston Place offers convenient access to major thoroughfares, facilitating travel to downtown Houston, the Galleria, and other key areas.

Which schools serve the Preston Place neighborhood?

Preston Place is zoned to schools within a respected independent school district. Prospective residents may confirm specific school assignments with the district.

Does Preston Place have a homeowners' association or deed restrictions?

Preston Place operates under deed restrictions designed to preserve property values and maintain neighborhood standards. Information regarding specific restrictions is available.

“Whether you’re selling or buying a house, it’s one of the most significant milestones of your life. When we were referred to Houston Properties, we knew we were in good hands. Their marketing efforts are robust, up-to-date, and one of the best systems we’ve ever experienced. Kim Vargas was our agent from HP, and let me tell you, she’s the real deal. She’s dedicated to taking care of her clients and will go above and beyond to ensure a smooth selling process. This time around, selling our house in Conroe, juggling a large family, and during the holidays, couldn't get involved in the selling process as much as we wanted to. So, Kim stepped in and took care of all the details and logistics, from preparing the house for listing, scheduling showings, to signing the closing documents was 10/10. We can’t thank her enough and wish we could take her and her and her family with us to Florida.” - Khanh Dang (Google Review)