5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States. - Hero Image
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5506
Russett Drive
Houston | Texas

A Vision of

Farm Dreams

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DIANE GRIMM
DIANE GRIMM
Presented At
$4,500,000
Bedrooms
6
Bathrooms
9
Living
10,228
SQFT
Fireplace
Cinema
Library
High Ceiling
Stone Countertops
Bar
Kitchen island
Walk In Closet
Jacuzzi
Gas Stovetop
Terrace
Garage
Pergola
Outdoor Living Space
Parking
Garden
Gate
Pool
5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States. - Photo 1
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5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States. - Photo 3
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5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States. - Photo 31
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5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States. , Houston , Texas 77056

6 Bedrooms Single Family Detached

Nestled on a rare 1+ acre lot in a private Tanglewood cul-de-sac, this custom French Traditional masterpiece by Goodchild Builders truly has it all. A grand two-story foyer welcomes you with a sweeping iron staircase and elegant limestone flooring, setting the tone for the luxurious living that follows. The expansive formal spaces feature wide plank wood floors and are anchored by a centrally located wet bar—perfect for entertaining. The gourmet kitchen is a chef’s dream, boasting an oversized island, full-size side-by-side refrigerator and freezer, and premium finishes throughout. The handsome downstairs library includes one of the home’s five fireplaces and opens to a temperature-controlled wine room behind a custom iron door. Additional features include a 4-car garage, gated motor court with extra parking, a second automatic gate with access to the main street. An exceptional opportunity in one of Houston’s most prestigious neighborhoods.

Gallery

3D Street View Tour

Map showing 5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States.

Property Location

5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States., Houston Texas

Local Weather & Climate

Houston, Texas

Current Conditions Updated recently
60 °F
Overcast clouds
Feels Like 57°F
Humidity 37%
Wind 29 mph
Visibility 6.2 mi
Sunrise 12:30 PM
Sunset 12:30 AM
5-Day Forecast
Mon 16 Mar
Clouds
High 57°
Low 46°
Tue 17 Mar
Clouds
High 62°
Low 44°
Wed 18 Mar
Clouds
High 74°
Low 51°
Thu 19 Mar
Clouds
High 80°
Low 57°
Fri 20 Mar
Clear
High 83°
Low 60°
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

$
%
$100,000
%
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.

Market Opinion

Luxury 6.7× median

Our perspective on current market conditions in Houston. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market
Balanced conditions. Negotiate wisely.
50
Buyer Score

Local Market Price Trends

Median home sale prices in Houston, Texas — ZIP code 77056 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $4,500,000
Area median: $673,147
+1.0% year-over-year (below the 3.5% historical avg)

Market Competition

Future Value & Wealth Building

Starting investment: $4,500,000 20% down ($900,000)

37.1 years
Double Your Investment
Based on current market trends, your property value could double
$2,335,707
10-Year Equity
Your potential equity after 10 years of payments and appreciation
$23,951
Monthly Investment
Estimated monthly mortgage payment (principal & interest)
$7,884,294
30-Year Wealth Potential
Total equity after full mortgage payoff with market appreciation
2.6x
Leverage Power
Your $900,000 down payment could grow to $2,335,707 in equity (10 yrs)
Investment Perspective
$ $ $
$1 → $1.21
Every dollar invested today could become $1.21 in 10 years
$100 → 121 $1,000 → $1,206
+$233
$233/day
Your home may appreciate while you sleep
$1,633/week $7,076/mo $84,910/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$203K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential -22% advantage over stocks
RENT 💸 -$2.5M
vs
OWN 📈 +$2.3M
$2.3M Potential Equity
vs $2.5M lost to rent over 10 years
$900K Down Payment Growth
2.6x
10yr
$2.3M
5x
20yr
$4.5M
8.8x
30yr
$7.9M
Wealth Comparison
×19
Equivalent to 19 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $7.9M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
17.7
years
Optimistic
4% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $5.3M +18%
Market $5.4M +21%
Optimistic $6.7M +48%
$2.3M est. equity
20 Years
Conservative $6.2M +39%
Market $6.5M +45%
Optimistic $9.9M +119%
$4.5M est. equity
30 Years
Conservative $7.4M +63%
Market $7.9M +75%
Optimistic $14.6M +224%
$7.9M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average
4.27 %
1967 – 2024
57 years of U.S. home price data
Recent Decade Average
6.5 %
2014 – 2024
Post-recovery bull market
Opportunity Zone
Current 2.7% appreciation is below the national historical average. This market may offer value opportunities.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 1.9%. Market scenario reflects current 2.7% YoY trend from Zillow (Apr 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Apr 2026

Neighborhood Demographics

ZIP 77056 • 2022 ACS Data

21,941 Population
Median Age: 40.0
$97,097 Median Income
Above Average
$809,900 Median Home Value
Rent: $1,783
76.6% College Graduates
Very High

Housing

Homeowners 28.1%
Renters 52.5%
Vacancy Rate 19.4%

Employment

4.3% Unemployment
17.0% Work From Home

Education Attainment (Age 25+)

High School+ 98.3%
Bachelor's+ 76.6%
Graduate+ 35.4%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This house at 5506 Russett Drive, Houston, TX 77056, Houston, Texas, United States features 6 bedrooms with 10,228 square feet of living space.
This property offers 10,228 square feet of living space.
This property is listed at $450,000,000, which equals $43997 per square foot.
In Houston, home prices have increased 1% over the past year, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.
Based on current market indicators, Houston shows an active market. The market opportunity score is 50 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Houston, Texas. The property is situated in an established neighborhood with convenient access to local amenities and services.
DIANE GRIMM

DIANE GRIMM

Better Homes and Gardens Real Estate Gary Greene

License #0638835

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Better Homes and Gardens Real Estate The Good Life Group

Better Homes and Gardens Real Estate The Good Life Group

Better Homes and Gardens Real Estate Gary Greene

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