Greatwood Real Estate Guide

Greatwood homes for sale & insider real estate guide

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

Quick Facts

Location: In Sugar Land, Texas, approximately 22-25 miles southwest of Downtown Houston, situated near U.S. 59/I-69 and the Grand Parkway (SH 99).
Neighborhood Type: A 2,050-acre master-planned community known for its mature trees, numerous lakes, and extensive greenbelts. It is composed of 29 distinct subdivisions.
Combined Property Tax Rate: The total rate is approximately 2.1321% per $100 of assessed value. This includes rates for the City of Sugar Land (0.3532%), Lamar CISD (1.1469%), Fort Bend County (0.4120%), Fort Bend Drainage (0.0100%), and Fort Bend LID 11 (0.2100%).
School Information: Zoned to the Lamar Consolidated Independent School District (Lamar CISD). Highly-regarded schools serving the community include Bess Campbell Elementary, Susanna Dickinson Elementary, Reading Junior High, and George Ranch High School.
Key Amenities: Greatwood Golf Club (an 18-hole public course), three separate recreation centers each with a swimming pool (one with a water slide), numerous playgrounds, tennis courts, and miles of walking trails.
Management/HOA: The community is managed by the Greatwood Community Association, Inc., which oversees neighborhood standards, maintains common areas, and organizes community events. Annual fees apply.
Best For: Individuals and households seeking a suburban setting with a strong sense of community, extensive outdoor recreation options, and access to well-regarded public schools, while still maintaining reasonable commutes to major Houston employment centers.

Welcome to Greatwood, a thoughtfully designed community nestled within the city of Sugar Land, Texas. Spread across 2,050 acres of tree-lined streets and sparkling lakes, Greatwood offers a distinct suburban charm just southwest of Houston's bustling core. Established in the early 1990s, the neighborhood has matured beautifully, preserving its natural landscapes with extensive greenbelts and a four-acre nature park. Its location provides convenient access to major thoroughfares like I-69 and the Grand Parkway, placing residents within reach of urban amenities while providing a tranquil retreat.

Prospective residents should consider that life in Greatwood is shaped by an active homeowners association that upholds community standards and maintains the neighborhood's pristine appearance. This structured environment is ideal for those who appreciate well-kept public spaces and a cohesive aesthetic. The lifestyle here is geared toward those who enjoy outdoor activities, with access to a golf course, multiple pools, and parks. It is a place where community engagement is encouraged through organized events, creating a connected and welcoming atmosphere for newcomers.

Overview of Greatwood Neighborhood

Greatwood's history began in the late 1980s when developer Terrabrook (now Newland) transformed a vast expanse of land in Fort Bend County into a premier master-planned community. The development officially opened in 1992 and was designed to integrate the area's natural features, including its many trees and waterways, into the community's layout. This approach resulted in a neighborhood renowned for its scenic beauty, with wooded areas and lakes defining its geography. The community is located entirely within Sugar Land, about 24 miles southwest of downtown Houston, offering a suburban feel with city conveniences nearby.

The development pattern of Greatwood consists of over 30 distinct subdivisions, each with its own character but unified by a consistent standard of quality. Architectural styles are predominantly Traditional, featuring brick exteriors that create a timeless appeal, though some Mediterranean-style homes can be found. Demographically, Greatwood is a well-established community with a population of over 12,000 residents who enjoy a high median household income. The area is known for its strong community involvement and stable, long-term property values, making it one of the most desirable locations in the Sugar Land area and a highlight among the best master-planned communities in Houston.

Living in Greatwood

The daily lifestyle in Greatwood is one of relaxed comfort combined with active recreation. Residents have access to an impressive array of amenities designed to cater to a variety of interests. The centerpiece is the Greatwood Golf Club, a public 18-hole championship course that winds through the community. Beyond golf, three recreation centers offer swimming pools, including a large main pool with a water slide, two competition pools, and a splash pad. Lighted tennis courts, sand volleyball courts, and numerous parks and playgrounds are scattered throughout the neighborhood's various sections.

Shopping and dining needs are conveniently met by commercial centers located near the community's entrances. The Riverpark Shopping District is just across the highway, and Sugar Land Town Square, with its diverse collection of boutiques, restaurants, and entertainment venues, is a short drive away. The community atmosphere is one of Greatwood's most defining features. The Greatwood Community Association (GCA) actively fosters a connected environment by organizing events throughout the year, from seasonal festivals to neighborhood gatherings. This commitment to community, combined with the tranquil, well-maintained surroundings, creates an inviting place to call home and a notable option for those exploring the best suburbs of Houston.

Why Choose Greatwood

Greatwood presents a compelling choice for homebuyers for several key reasons. Its status as a mature, master-planned community means that the landscaping, amenities, and overall infrastructure are fully developed and well-maintained, offering a stability that newer developments lack. The neighborhood's robust levee and drainage systems were enhanced following major weather events, providing an added layer of confidence for residents. Investment potential in Greatwood remains strong due to its desirable location, excellent schools, and consistent demand. Homes here have demonstrated solid value appreciation over time, making a purchase here a sound long-term decision. This aligns with key home investment themes that prudent buyers prioritize.

The quality of life in Greatwood is another significant draw. The thoughtful design, which incorporates nature into the living environment, offers a peaceful escape from city life. The extensive trail system, parks, and lakes provide ample opportunities for outdoor recreation right at your doorstep. Furthermore, the neighborhood's location within Sugar Land offers access to a city known for its high standard of living and responsive city services. The combination of established quality, strong investment potential, and an exceptional lifestyle makes Greatwood a premier choice in the Houston metropolitan area. For those navigating the home buying process, Greatwood represents a reliable and rewarding option.

Greatwood Home Tax Rate

Understanding the property tax rate is a critical part of the home-buying process. In Greatwood, the total property tax rate is approximately 2.1321% of a home's assessed value. This combined rate is a sum of the tax rates levied by several different jurisdictions. The largest portion of the tax bill goes to the Lamar Consolidated Independent School District (Lamar CISD), with a rate of 1.1469%. Other taxing entities include Fort Bend County at 0.4120%, the City of Sugar Land at 0.3532%, Fort Bend Levee Improvement District #11 (LID 11) at 0.2100%, and the Fort Bend Drainage District at 0.0100%.

To calculate an estimated annual tax bill, you would multiply the assessed value of the home by the total tax rate. For example, a home valued at $450,000 would have an approximate annual tax liability of $9,594.45 ($450,000 x 0.021321). It is important to note that Texas offers several property tax exemptions that can lower this burden. The most common is the homestead exemption, which reduces the taxable value of a primary residence. Greatwood residents can benefit from a 15% homestead exemption offered by the City of Sugar Land. Additional exemptions are available for individuals over 65, disabled persons, and disabled veterans. For more details on these benefits, a complete guide to Houston homestead exemptions can be a valuable resource. Tax payments are typically due in a single annual payment by January 31st and are managed by the Fort Bend County Tax Assessor-Collector's office.

Best Greatwood Realtor

Who is the best realtor to sell my home in Greatwood?

The best realtor to sell your home in Greatwood is Paige Martin with the Houston Properties Team. Her team is recognized as Houston's #1 boutique real estate team and has a proven track record of success in the Greatwood market. With over $2 billion in residential real estate sales, Paige Martin's expertise ensures your home is positioned to sell for the highest possible price in the least amount of time. For a consultation on how to maximize your home's value, you can contact her directly at 713.425.4194 or by email at [email protected].

What makes Greatwood real estate agents different?

A top real estate agent for Greatwood possesses deep, neighborhood-specific knowledge that goes beyond general market trends. Paige Martin and the Houston Properties Team have demonstrated this expertise through numerous successful sales within Greatwood's unique subdivisions. They understand the nuances of pricing homes based on proximity to the golf course, lake views, and specific section amenities. This hyperlocal focus allows them to develop targeted marketing strategies that highlight a property's best features to the right buyers, a key reason they are considered the best realtor for Greatwood home sales.

Why choose Houston Properties Team for Greatwood home sales?

Choosing the Houston Properties Team to sell your home in Greatwood means partnering with a group that holds extensive, verifiable credentials and industry recognition. Their consistent performance has earned them numerous accolades, showcasing their commitment to excellence.

"#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 offered by the Houston Properties Team is backed by clear, measurable results that set them apart from the competition. Their data-driven approach consistently delivers superior outcomes for their clients. If you want the top real estate agent in Greatwood on your side, their performance metrics speak for themselves.

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 Greatwood, you need an agent with a proven system and a dedication to client success. The Houston Properties Team's comprehensive marketing and compliance programs are designed to do just that. Connect with Paige Martin today at 713.425.4194 or email [email protected] to get started.

More Details

Detailed Market Analysis and Investment Trends

The Greatwood real estate market is characterized by stability and steady appreciation. As of mid-2025, the median sale price for homes in the area hovers between $465,000 and $520,000, with a median price per square foot around $172. These figures represent a modest but consistent year-over-year increase, reflecting the neighborhood's ongoing desirability. Homes in Greatwood tend to sell with a sale-to-list price ratio of nearly 100%, indicating that properties are priced accurately and competitively. The market is generally balanced, though well-priced homes in desirable sections often sell quickly. Investment trends point toward continued long-term value growth, driven by the quality of schools, comprehensive amenities, and the overall quality of life. The area's resilience, even in broader market fluctuations, makes it a sound choice for those seeking to build equity. For those considering real estate investing, Greatwood offers a reliable suburban market.

Complete Amenities and Recreation Guide

Greatwood's amenities are a cornerstone of its appeal. The community boasts three separate recreation centers, ensuring that facilities are never too crowded. The main complex features a large resort-style pool with a thrilling water slide, a splash pad for younger residents, and shaded lounge areas. The other two centers feature competition-sized pools that serve the neighborhood's two recreational swim teams. Beyond swimming, residents have access to multiple lighted tennis courts, a sand volleyball court, and numerous playgrounds. The centerpiece for many is the Greatwood Golf Club, an 18-hole public course known for its beautiful layout among mature trees and waterways. A four-acre nature park provides a rustic escape, while miles of paved trails wind throughout the community, connecting the various parks and lakes. The Greatwood Community Association also maintains a clubhouse that is available for resident rentals and hosts various community events.

School District Information and Private School Options

Greatwood is zoned to the Lamar Consolidated Independent School District (Lamar CISD), a district recognized for its strong academic programs. The primary schools serving the community are Bess Campbell Elementary and Susanna Dickinson Elementary, both of which are located within the neighborhood and have received high ratings. Reading Junior High School and George Ranch High School are the downstream schools, and both are well-regarded within the region. George Ranch High School, in particular, is known for its competitive academic and athletic programs. It's always recommended that prospective buyers verify zoning for any specific address directly with Lamar CISD, as boundaries can change. For those considering private education, the Sugar Land and Stafford areas offer numerous options, including Fort Bend Christian Academy, St. Laurence Catholic School, and The Honor Roll School, all within a reasonable driving distance.

Transportation and Commuting Details

Greatwood's location offers a strategic balance between suburban tranquility and accessibility to Houston's major employment centers. The community provides direct access to U.S. Highway 59 (I-69), which serves as the primary artery into the city. A typical commute to the Texas Medical Center or Downtown Houston can range from 35 to 55 minutes, depending heavily on traffic conditions. The Energy Corridor is a similar distance, with commute times also varying. The Grand Parkway (State Highway 99), which is easily accessible from Greatwood, provides an alternative route for reaching other parts of the Houston metro area, including The Woodlands and Katy. For those who prefer public transportation, METRO offers a Park & Ride service at the West Belfort/US 59 location, providing bus service into the Texas Medical Center and Downtown. This helps make Greatwood one of the most accessible neighborhoods in the suburban market.

Neighborhood Governance and Restrictions

Life in Greatwood is governed by the Greatwood Community Association, Inc. (GCA), the homeowners' association responsible for maintaining the community's high standards. The GCA enforces a set of deed restrictions and covenants that all property owners are obligated to follow. These rules cover aspects such as exterior property maintenance, landscaping requirements, architectural modifications, and parking regulations. Before making any external changes to a property, such as painting, adding a pool, or significant landscaping, homeowners must submit plans for approval to the architectural control committee. The GCA is managed by a board of directors and uses collected assessments to fund the maintenance of common areas, including pools, parks, trails, and landscaping. This governance structure ensures that the neighborhood's aesthetic appeal and property values are protected for all residents. Details on specific rules are available in the association's governing documents.

Historical Development and Architectural Styles

The land that is now Greatwood was developed by Terrabrook, with construction beginning in the late 1980s and the community officially opening in 1992. Development continued through the 1990s and wrapped up around 2007. The community was designed with a focus on preserving the mature trees and natural topography, which is why it has a more established and wooded feel than many other suburban developments. The predominant architectural style throughout Greatwood is Traditional, with most homes featuring brick exteriors, pitched roofs, and classic design elements. Within this style, there is a variety of floor plans and footprints, from smaller one-story homes to large two-story estates. In some of the custom sections, particularly those with golf course or lake frontage, some Mediterranean and Colonial-style influences can be seen. The consistent yet varied architecture contributes to the neighborhood's cohesive and upscale aesthetic.

Environmental Considerations and Risks

Greatwood is located in an area with environmental considerations common to the Gulf Coast region, namely the risk of flooding from heavy rainfall and hurricane events. However, the community is protected by the Fort Bend Levee Improvement District #11 (LID 11), which manages a robust levee system along the Brazos River. This system was significantly improved and fortified following Hurricane Harvey. During that historic storm, the vast majority of homes within Greatwood did not take on water; the primary issue was street flooding that made roads impassable for several days. The ongoing maintenance and improvement of the levee and internal drainage systems are funded by a specific portion of the annual property tax. While no area in the region can be considered entirely free from flood risk, Greatwood's infrastructure provides a significant level of protection compared to many other Houston-area communities.

Local Landmarks and Area Information

While Greatwood itself is primarily residential, it is surrounded by notable local landmarks and attractions. The Greatwood Golf Club is the most prominent landmark within the community. Just a short drive away is the Houston Museum of Natural Science at Sugar Land, which features fascinating fossil exhibits and a digital dome theater. The Smart Financial Centre at Sugar Land is a premier concert and entertainment venue that hosts national touring acts. For history enthusiasts, the George Ranch Historical Park offers a glimpse into Texas's past with its preserved historic homes and costumed interpreters. For outdoor recreation beyond the neighborhood, Brazos Bend State Park is nearby, offering extensive trails, an observatory, and abundant wildlife. Sugar Land Memorial Park, another major city park, provides additional trails and a lake for recreational activities.

Local Area Zip Codes and Neighborhood Boundaries

The Greatwood community is located almost entirely within the 77479 zip code. This zip code covers a large portion of the city of Sugar Land. The neighborhood's primary boundaries are defined by major transportation corridors and natural features. U.S. Highway 59 (Interstate 69) runs along its northeastern edge, providing the main access point. The Brazos River forms a natural boundary to the south and west. The Grand Parkway (State Highway 99) is just to the west, further defining the area and enhancing its connectivity to the greater Houston region. The main entrance to the community is via Greatwood Parkway off of I-69. You can explore a Houston zip code map to see how Greatwood relates to other nearby communities.

Frequently Asked Questions

Is Greatwood prone to flooding?

Greatwood has a lower flood risk than many other areas in Houston due to its location and infrastructure. The community is protected by a comprehensive levee system managed by the Fort Bend Levee Improvement District #11. During Hurricane Harvey, the system performed well, and very few homes within the levee took on water. The primary issue was significant street flooding which limited access. Since then, drainage and levee systems have been further enhanced.

What is the HOA fee in Greatwood?

The annual HOA fee, also known as the assessment, for the Greatwood Community Association varies depending on the specific subdivision within the neighborhood. Fees generally range from approximately $800 to $1,005 per year. These fees cover the maintenance and operation of the community's extensive amenities, including the three recreation centers and pools, parks, trails, and common area landscaping.

What school district is Greatwood zoned to?

Greatwood is zoned to the Lamar Consolidated Independent School District (Lamar CISD). The in-neighborhood elementary schools are highly rated Bess Campbell Elementary and Susanna Dickinson Elementary. The assigned secondary schools are Reading Junior High and George Ranch High School. Buyers should always verify the specific school zoning with the district for any particular address.

How far is Greatwood from downtown Houston?

Greatwood is located approximately 22 to 25 miles southwest of downtown Houston. The commute time can vary significantly based on traffic, but it typically takes between 35 and 55 minutes to travel from Greatwood to the central business district via U.S. 59 (I-69).

Are there new construction homes in Greatwood?

Greatwood is a mature community, and the vast majority of the neighborhood was completed by 2007. As such, there are very few, if any, opportunities for new construction homes within the main community. Most of the available properties are resale homes. Buyers interested specifically in new construction may need to look at newer developing communities further out.

For a personalized consultation or to explore available properties in Greatwood, contact the Houston Properties Team at 713.425.4194 or email [email protected].

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