Updated Condo with Golf Course
For Sale
$155,000
8435 Sands Point Dr, Houston, TX 77036
Remodeled 2 bed, 2 bath condo with golf course view.
Property Size1,103 SF
Lot Size2.23 Acres
Days on Market324
Property Features for 8435 Sands Point Dr
General Information
Standard status
Active
Size
1,103 SF
Lot size
2.23 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$2,296
Building Details
Building Size
1,103 SF
Year Built
1980
Stories
1
Listing Agency:
Forever Realty, LLC
Listed By:
Xue Yang
(713) 299-4773
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 16
Last Checked: Oct 16 at 10:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forever Realty, LLC
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Investment Insights
Based on property information with market context.
This is an investment property with tenants currently occupying the premises until November 2025. The property is a remodeled, light-filled 2-bedroom, 2-bathroom condo. Located upstairs, it offers views of a golf course from the living room and balcony. The Homeowner Association (HOA) includes water, sewer, trash, basic cable, exterior insurance, courtesy patrol, and grounds maintenance.
Key Highlights
- Golf course view from the living room and balcony.
- Remodeled and well‑maintained 2 bedroom, 2 bathroom condo.
- Tenant occupied until Nov 2025, presenting an investment opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,496
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,920
$249.9K
Cap Rate 7%
$178,514
$178.5K
Cap Rate 9%
$138,844
$138.8K
Market Conditions
NOI Build-Up for 1,103 SF
Gross rent
$24.2K $21.96/SF
− Vacancy
−$1.5K −$1.36/SF
EGI
$22.7K $20.60/SF
− OpEx
−$10.2K −$9.27/SF
NOI
$12.5K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,920
Cap Rate 7%
$178,514
Cap Rate 9%
$138,844
Alternative Uses
Best Use
Apartment 5plus
$178.5K
$156.2K – $208.3K
NOI $12,496 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.6K
$248.2K – $330.9K
NOI $19,854 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 77036, TX
75,870
Population
30,508
Households
2.5
Avg Household Size
33
Median Age
14%
College-Educated
55%
High-School Grad
7.3 sq mi
ZIP Area
10,393
Density / Sq Mi
$43,853
Median Household Income
$27,812
Median Earnings
$995
Median Rent
$217,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled 2 bed, 2 bath condo with golf course view.
Where is this apartment building located?
The property is located at 8435 Sands Point Dr Houston, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Golf course view from the living room and balcony.; Remodeled and well‑maintained 2 bedroom, 2 bathroom condo.; Tenant occupied until Nov 2025, presenting an investment opportunity.
