#70642559, Christine Laborde, Listing office: Compass RE Texas, LLC - Houston
$2,790,000 List price
507 Terrace Dr Houston, TX 77007
4 beds
5 full
4,846 sqft
0.2 acres
$576 / sqft
House
Property details
About 507 Terrace Dr
Experience luxury living in this custom estate near Memorial Park where contemporary elegance meets timeless design. This two-story residence offers 4/5 bedrooms, 5 baths, soaring ceilings, & walls of windows that flood the interior w/ natural light. The grand living area opens to a private backyard oasis with plunge pool/spa, serene water feature, summer kitchen & covered patio w/ fireplace. The chef’s kitchen is appointed w/ commercial-grade Viking appliances, oversized island, walk-in pantry & sleek custom cabinetry. The 1st floor primary is a sanctuary w/ backyard views, soaking tub, glass-enclosed shower, dual sinks, vanity & dreamy walk-in closet. Add’l features incl. a home office, expansive gameroom/flex space, a plethora of storage & whole home generator. Enjoy easy commutes Downtown or to the Galleria area. Your active lifestyle awaits being near Memorial Park’s golf course, premier trails & the scenic Eastern Glades - while just minutes from Houston's top dining & hotspots.
Highlights
Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air, Electric
Size4,846 sqft
Lot size0.1779 Acres
Year built2015
ParkingAttached, Driveway, Garage, Garage Door Opener
MLS #90997267
Attached garage2 spaces
FireplaceOutside
Private poolYes
Virtual tour
Summary
- Full Bathrooms: 5
- Appliances: Convection Oven, Double Oven, Dishwasher, Range, Disposal, Gas Oven, Gas Range, Microwave, ENERGY STAR Qualified Appliances, Refrigerator, Tankless Water Heater
- Flooring Type: Carpet, Stone, Travertine, Wood
- Interior: Wet Bar, Breakfast Bar, Balcony, Butlers Pantry, Double Vanity, Entrance Foyer, High Ceilings, Kitchen Island, Kitchen/Family Room Combo, Pots & Pan Drawers, Pot Filler, Self-closing Cabinet Doors, Self-closing Drawers, Soaking Tub, Separate Shower, Tub Shower, Vanity, Walk-In Pantry, Wired for Sound, Window Treatments, Ceiling Fan(s)
- Fireplace: Outside
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: Yes
- Parking: Attached, Driveway, Garage, Garage Door Opener
- Exterior: Balcony, Covered Patio, Deck, Fence, Hot Tub/Spa, Sprinkler/Irrigation, Outdoor Kitchen, Patio, Tennis Court(s)
- Architectural Style: Contemporary/Modern, Other
- Heating: Central, Natural Gas
- Cooling: Central Air, Electric
- List Price: $2,790,000
- Price/SqFt: $575
- HOA Amount: $60 Annually
- Annual Tax Amount: $24,965
- Tax Year: 2024
- Lot: Subdivision
- Directions: From I-10 West, take the exit for Washington Ave/Westcott St. Continue on the feeder road and turn left onto Westcott St. Proceed for approximately 0.5 miles, then turn right onto Memorial Drive. After about 0.3 miles, turn left onto Terrace Drive. The property will be on your right.
- Year Built: 2015
- Stories: 2
- Living Area: 4,846 SqFt
- Lot Size: 0.1779 Acres
- MLS Number: 90997267
- MLS Name: HAR
- Office Name: Keller Williams Memorial
- Office Phone: (713) 461-9393
- Office Email: klrw10@kw.com
- Listing Agent: Holly Hernandez
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
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Last updated on: 7/13/2025, 5:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,248,224 | $24,965 |
| 2023 | $2,075,700 | $31,593 |
| 2022 | $1,850,000 | $29,506 |
| 2021 | $1,540,000 | $31,593 |
| 2020 | $1,656,334 | $40,109 |
| 2018 | $1,843,800 | $46,656 |
| 2017 | $1,900,000 | $34,800 |
History based on county public records data.
Nearby schools
6
Memorial Elementary School
Public District EE-5
0.1 mi
•6401 Arnot St
9
River Oaks Elementary School
Public Magnet EE-5
1.5 mi
•2008 Kirby Dr
7
Sinclair Elementary School
Public Magnet EE-5
1.7 mi
•6410 Grovewood Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $83,667. Most Houston, TX residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
24%
<35k
33%
35k-100k
23%
100k-200k
20%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
64%
Single, No Kids
3%
Single, with Kids
22%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
33%
18-34 yrs old
47%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Live Theatre
Hiking/backpacking
Music Concerts
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Boston Market
Starbucks
Chipotle
What do the neighbors drive?
Mercedes
Audi
Volkswagen
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 507 Terrace Dr
The listing price of 507 Terrace Dr property is $2,790,000.
The property 507 Terrace Dr is a house located in Houston, Texas, 77007.
Active Listing: 507 Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 507 Terrace Dr are: Memorial Elementary School (GreatSchools Rating 6/10), River Oaks Elementary School (GreatSchools Rating 9/10), Sinclair Elementary School (GreatSchools Rating 7/10), Baker Montessori School (GreatSchools Rating 7/10), Lanier Middle School (GreatSchools Rating 9/10), Wharton Dual Language Academy (GreatSchools Rating 7/10), Houston Heights Charter School (GreatSchools Rating 4/10), Lamar High School (GreatSchools Rating 5/10), Carnegie Vanguard High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $24,965 (source: MLS/based on county public records data).
The property at 507 Terrace Dr has 4 bedrooms and 5 bathrooms.
The property 507 Terrace Dr is 4,846 SqFt (source: MLS/tax record).
The year of construction for 507 Terrace Dr is 2015.
This home is located at 507 Terrace Dr in Houston, TX and zip code 77007 in the Central Houston neighborhood. This 4,846 square foot home, which was built in 2015, sits on a 0.18 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $2,790,000.
While more than 322 listings in Houston, TX in June 2025 were sold above asking price, there were more than 411 listings sold at asking price, and more than 1379 were sold below. In June 2025 in Houston, TX there were 10.4% more homes for sale than in May. In June 2025 median list price was $323,293 and the average listing age was 37 days.
From Rocket Homes Real Estate and based on county public records data.