Prime development opportunity. Unrestricted +/-9.5 acre property with 500’ frontage on FM 723. There are two homes and two wells one for each house providing ample water capacity to the property. Located near Houston in the fast growing Richmond in Fort Bend County, this area is a highly desired area for developers, businesses and residents alike. 3 miles from the Westpark Tollway for an easy access to I-10, the Energy Corridor and Downtown Houston. The nearby master planned communities include Westheimer Lakes, Bella Terra, Cinco Ranch Southwest, Pecan Grove, Kingdom Heights, and Talavera. Acclaimed Foster High School is 1.5 miles to the South on FM 723. The property is fully fenced and gated. Two lane traffic is currently 13,000 cars per day on FM 723which is currently being widened to four lanes by TXDOT to connect I-69 with the Westpark Tollway, increasing the exposure and potential value of the property.
Single-family (co-op)Property Type
1963Year Built
9.44 acresLot Size
$569Est. Price/Sq.Ft.
5 car garageParking
Listed by Thomas Johnson• RE/MAX GO
Bought with Emmanuel Smart• Keller Williams Premier Realty
* Price is not available or MLS listing is off market.
Year
Property tax
Land + Additions
Assessment*
2026
$11,317 (+1.3%)
$443,051 + $236,438
$679,489
2025
$11,175 (+86.4%)
$443,051 + $227,913
$670,964
2024
$5,997 (−5.0%)
$140,266 + $219,332
$359,598
2023
$6,311 (−3.4%)
$148,325 + $226,466
$374,791
2022
$6,534 (+21.4%)
$148,320 + $216,680
$365,000
2021
$5,384 (−2.3%)
$148,320 + $151,680
$300,000
2020
$5,513 (+16.1%)
$148,320 + $154,210
$302,530
2019
$4,749 (−1.0%)
$148,320 + $104,300
$252,620
2018
$4,797 (+6.5%)
$148,320 + $97,160
$245,480
2017
$4,505 (−0.2%)
$148,320 + $81,630
$229,950
2016
$4,516 (+8.9%)
$148,320 + $81,630
$229,950
2015
$4,146 (+8.4%)
$148,320 + $81,630
$229,950
2014
$3,823 (+10.3%)
2013
$3,466 (+14.6%)
2012
$3,024 (−3.6%)
$137,190 + $75,120
$212,310
2011
$3,138 (+6.1%)
$93,180 + $66,820
$160,000
2010
$2,959 (−36.1%)
$93,180 + $72,880
$166,060
2009
$4,632
$93,180 + $71,430
$164,610
Tax history for 5819 FM 723 Rd
Year
Property tax
Land + Additions
Assessment*
2026
$11,317 (+1.3%)
$443,051 + $236,438
$679,489
2025
$11,175 (+86.4%)
$443,051 + $227,913
$670,964
2024
$5,997 (−5.0%)
$140,266 + $219,332
$359,598
2023
$6,311 (−3.4%)
$148,325 + $226,466
$374,791
2022
$6,534 (+21.4%)
$148,320 + $216,680
$365,000
2021
$5,384 (−2.3%)
$148,320 + $151,680
$300,000
2020
$5,513 (+16.1%)
$148,320 + $154,210
$302,530
2019
$4,749 (−1.0%)
$148,320 + $104,300
$252,620
2018
$4,797 (+6.5%)
$148,320 + $97,160
$245,480
2017
$4,505 (−0.2%)
$148,320 + $81,630
$229,950
2016
$4,516 (+8.9%)
$148,320 + $81,630
$229,950
2015
$4,146 (+8.4%)
$148,320 + $81,630
$229,950
2014
$3,823 (+10.3%)
2013
$3,466 (+14.6%)
2012
$3,024 (−3.6%)
$137,190 + $75,120
$212,310
2011
$3,138 (+6.1%)
$93,180 + $66,820
$160,000
2010
$2,959 (−36.1%)
$93,180 + $72,880
$166,060
2009
$4,632
$93,180 + $71,430
$164,610
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
3
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
4.5 Acres
Year renovated
1963
Sq. Ft.
2,356
Year built
1963
Style
Single Family Residential
County
Fort Bend County
APN
0003-00-000-0120-901
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
May 19, 2023 • Active
Development
Place and spread crushed concrete over a designated area.
Grading
May 20, 2016 • Final
Development
Install an additional electrical service to power a gate. No other utilities or upgrades to existing service are included.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking & Garage
Garage: Attached, Detached
Additional Parking, Auto Driveway Gate, Auto Garage Door Opener, Double-Wide Driveway, Driveway Gate, Extra Driveway, Workshop
# of Garage Spaces: 5
Interior
Bathroom Information
# of Baths (Full): 3
Bedroom Information
All Bedrooms Downstairs
Interior Features
Room Count: 8
Family Room, Formal Dining, Living/Dining Combo
Kitchen Desc: Breakfast Bar, Kitchen open to Family Room, Pantry