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45814 Highway 290 Bus, Hempstead, TX, 77445

--beds
0baths
2,578sqft
$7,855,610
$3,047price/sqft
$48,431/moest. monthly cost
$1,937,240/yrincome needed

About This Home

This 45-acre tract sits in the growth path of Prairie View and Waller County, right across from Prairie View A&M University and the Cricket Complex. Developers and investors are watching this corridor for good reason — it’s one of the most active and promising areas for mixed-use, residential, and commercial development along Highway 290. With utilities already on site and highway frontage, this land is positioned for large-scale housing, retail, or university-related projects. The location makes it ideal for university related housing, multi-family, or commercial development supporting PVAMU and the surrounding community. Buyers searching for prime development land near Prairie View A&M, or anyone planning a multi-phase project in the 290 growth corridor, will want to take a close look. The site offers easy access to Houston, Waller, and Hempstead, strong visibility, and direct routes for future expansion.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

5/10
5/10
4/10
Waller High SchoolGrades 8-125.7 mi

Construction

Condition

  • Year built: 1985

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Heating & Cooling

  • Heating features: Propane
  • Cooling features: Electric

Interior Area

  • Total structure area: 2,578
  • Total interior livable area: 2,578 sqft

Property

Details

  • Parcel number: 304100159000100

Features

  • Topography of land: Level

Lot

  • Lot size: 45.09 Acres
  • Features: 20 Up to 50 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Lightning
Strong Wind
Drought
Hurricane
Heat Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Texas Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $39,722$476,664
Home Insurance *$6,450$77,400
Property Taxes $1,976$23,712
Electricity $283$3,396
Total$48,431$581,172
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,660,491/yr
40% on housing$1,452,930/yr
45% on housing$1,291,493/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.0%
4.0%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$3,047This listing

vs Other Active Listings

Avg $/sqft

ZIP 77445$490
Waller County$387

vs Homes Sold Last Month

Median $/sqft

ZIP 77445$159
Waller County$159

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2023-03-17Listed for sale$7,855,610
2023-03-07Listing removed--
2023-02-08Listed for sale$7,855,610

For Sale by Agent

AgentSherri Echols
BrokerageeXp Realty LLC

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