Terrace Drive

Houston | Texas

Where Driveways

Wind Through Wonder

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Keller Williams Memorial

Presented At

$990,000

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. - Photo 1

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. - Photo 2

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. - Photo 3

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. - Photo 4

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. - Photo 5

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. - Photo 6

402

Terrace Drive

Houston | Texas

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States. , Houston , Texas

Lots And Land Houston

Prestige Meets Possibility in Memorial Park’s Most Coveted Enclave. Positioned on a prime corner lot, this rare offering presents an extraordinary canvas for your architectural vision. Surrounded by multi-million dollar estates in one of Houston’s most elite neighborhoods, the property invites you to craft a bespoke residence that reflects your highest standards of design and lifestyle. Enjoy the freedom to select your builder and bring your dream home to life, the result will be a residence of timeless sophistication. Just 5 minutes from Downtown and 10 minutes from the Galleria, this location offers unmatched access to Houston’s finest dining, shopping, and cultural destinations—while preserving the tranquility and prestige of park-side living. A rare opportunity in a neighborhood where availability is scarce and demand is enduring. Multiple offer

submit your highest and best offer by 2 Pm Monday

Gallery

Property Location

402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States., Houston Texas

Local Weather & Climate

Houston, Texas

Current Conditions Updated recently

77 °F

Mist

Feels Like 78°F

Humidity 81%

Wind 17 mph

Visibility 4 mi

Sunrise 12:40 PM

Sunset 12:24 AM

5-Day Forecast

Sat 7 Mar

Clouds

High 79°

Low 78°

Sun 8 Mar

Rain

High 80°

Low 69°

Mon 9 Mar

Clouds

High 85°

Low 70°

Tue 10 Mar

Clouds

High 84°

Low 71°

Wed 11 Mar

Clouds

High 83°

Low 72°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Houston?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

What is the listing price for 402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States?

This property is listed at $99,000,000.

What type of property is 402 Terrace Drive, Houston, TX 77007, Houston, Texas, United States?

This is a land parcel located in Houston, Texas. The property is situated in an established neighborhood with convenient access to local amenities and services.