Rare opportunity to acquire nearly one acre of land in Houston’s highly desirable 77018 submarket, located in the rapidly redeveloping Garden Oaks / Oak Forest corridor. Large tracts of land of this size are increasingly scarce in this area, making this property an attractive opportunity for builders, developers, and long-term investors. The site offers significant redevelopment potential, with surrounding properties seeing continued new construction, and small-scale residential development projects. The property provides flexibility for a variety of development strategies including multiple single-family home sites or potential small residential development (subject to city approvals). Strategically located with excellent access to Loop 610, Highway 290, and I-45, the property sits just minutes from The Heights, Downtown Houston, and major employment centers, driving strong buyer demand in the area. The neighborhood has experienced steady appreciation and ongoing redevelopment.
Pending
$1,000,000
516 Martin St, Houston, TX 77018
--beds
0baths
1Acres
Est.:
Unimproved Land
Built in ----
1 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 31 days |
- 25 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 20, 2026 at 03:24pm
Listed by:
Jordan Jennings TREC #0669630 832-454-2655,
Womack Development & Investment Realtors
Source: HAR,MLS#: 35145935
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Parking
- Parking features: Driveway Gate
Lot
- Size: 1 Acres
- Features: Subdivided, 1/2 Up to 1 Acre
Details
- Parcel number: 0580890000065
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Cable Available, Electricity Available
Community & HOA
Community
- Subdivision: Yale Street Acres Sec 01
Location
- Region: Houston
Financial & listing details
- Tax assessed value: $1,124,853
- Annual tax amount: $11,014
- Date on market: 3/6/2026
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,905/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Pending sale | $1,000,000 |
Source: | ||
| 3/6/2026 | Listed for sale | $1,000,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $23,906 +1485.4% | $1,124,853 +6% |
| 2024 | $1,508 +8.3% | $1,061,097 |
| 2023 | $1,392 -41.2% | $1,061,097 +10.4% |
| 2022 | $2,367 | $960,851 +45.2% |
| 2021 | -- | $661,785 +7% |
| 2020 | $4,920 +9.6% | $618,540 +7.8% |
| 2019 | $4,490 +17.4% | $573,998 +144.5% |
| 2018 | $3,824 | $234,777 +15.6% |
| 2017 | $3,824 +9.1% | $203,147 |
| 2016 | $3,507 +5% | $203,147 +19.3% |
| 2015 | $3,341 | $170,325 |
| 2014 | $3,341 | $170,325 |
| 2013 | -- | $170,325 |
| 2007 | -- | -- |
| 2006 | -- | $171,061 |
| 2005 | -- | -- |
| 2004 | -- | $114,870 |
| 2003 | -- | $114,870 |
| 2002 | -- | $114,870 |
| 2001 | -- | $114,870 +18.2% |
| 2000 | -- | $97,190 |
Find assessor info on the county website
Monthly payment
Est. payment
$6,277/mo
Principal & interest
$4819
Property taxes
$1458
More affordability tools
Climate risks
Neighborhood: Independence Heights
Nearby schools
GreatSchools rating
- 7/10Kennedy Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 3/10Williams Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Washington B T High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Kennedy Elementary School (Houston)
- Middle: Williams Middle School
- High: Washington High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 77018
- Texas
- Harris County
- Houston
- 77018
- Independence Heights
- 516 Martin St




