Falcon Point Homes

Falcon Point homes are located in one of the more desired neighborhoods in the Katy area and has always enjoyed a reputation as a highly desireable address. Prior to the late1970's and very early 1980's Katy, Texas was just a rural, small town with life centered around agricultural pursuits - mainly rice farming with a bit of ranching thrown in for good measure. Dining choices were basically limited to the Country Kitchen, a typical "greasy spoon", Hard Times Barbeque or, if a Katy resident were willing to commute all the way over to Mason Road (a drive of over five miles), Nonmacher's Barbeque. The Country Kitchen opened early and was the natural gaqthering place for locals in the morning to have breakfast, coffee and share the latest news as well as the being the preferred spot for duck and goose hunters to congregate before and after the hunt.

Falcon Point homes have grown with the westward expansion of Houston, The Katy area gained the attention of developers and new residents of the area drawn by the economic growth and the abundance of high paying jobs in the oil and oil service industries. With the tremendous growth of engineering firms and the establishment of the "energy corridor" offices on the far west side of Houston, the demand for real estate it the Katy area began to grow exponentially and Falcon Point homes began to grow. Since much of the growth of employment centers was centered around I-10, the early residential expansion in the Katy area was generally focused on areas with easy access to that major traffic artery.

Some of the earliest residential developments in what is now referred to as the "greater Katy area" included Nottingham Country, Pin Oak Village and Falcon Point. Falcon Point was envisioned as an exclusive, country club community centered around a Bruce Devlin and Robert von Hagge designed golf course. The residential development surrounding the golf course was a 3 04 acre neighborhood with the stated objective of being a first class golf subdivision designed like Hunter's Run in Palm Beach. There are water hazards (at least one) on each of the eighteen holes of the golf course and these man made lakes provide the detention ponds for the residential community. The depth of these lakes is such that they provide an unusually cool atmosphere which enabled the bent grass greens to flourish.
Harvin Moore initially proposed the development and it was designed to target those elite golfers with a handicap in the 0 to 6 handicap range. At the time of initial development of Falcon Point, it was obvious that the club and the residential development would be a success because the nearest other members only club was Pine Forest and it had a lengthy waiting list for membership. There was an obvious need and a strong market for both the club and upscale residential neighborhood on the west side of Houston. Construction began in 1983 and opening day was October 10, 1984.

Initially, homes in Falcon Point were limited to very large (some over 6,000 square feet) custom homes and several of these were completed at or about the same time as the opening of the club. Unfortunately, the timing happened to coincide with what may reasonably be called the "Great Texas Real Estate Crash" of the early 1980's brought on by the decline of the oil industry and fueled by the Savings and Loan failures of the mid-eighties. The development of Falcon Point homes, along with development throughout the country, stalled and, ultimately, the development failed and was acquired by the government's Resolution Trust Company (RTC). Although the Club at Falcon Point continued to operate, residential construction was halted for a period of approximately eleven years until Houston Area Development Company purchased the development from the RTC, replatted the lots to a more manageable (and marketable) width of 80 feet and again began selling lots to homebuilders. Even then, the pace of sales at Falcon Point was relatively slow principally because the price point for real estate at Falcon Point was somewhat above average for the Katy real estate market area and also because access to the neighborhood was rather limited. In fact, there was only one way in and out of Falcon Point and except for golfers, few people were even aware of its' existence. One had to drive well past Fry and Mason Roads, exit I-10 at exit # 723 and wind back to the south and then east again on Katy/Ft. Bend Road to find the Falcon Point entrance with the imposing black granite monument sign, pond and two fountains.

It was not until the late 1990's with the completion of Grand Parkway and extension of Bay Hill Blvd. that Falcon Point homes became easily accessible and in increased demand. Following that, additional acreage was acquired outside the original Falcon Point to the east of Roessner Road and smaller lots (typically 55 and 60 foot widths were offered allowing for residential real estate at Falcon point at prices below $200,000.00. Also, a gated community of patio homes and smaller lots was opened within the original confines of the Falcon Point development. This proved extremely popular and was absorbed quickly. Finally, that portion of Falcon Point to the west of Bay Hill Blvd. and surrounding the back nine of the golf course was compl eted and was built out in short order.

With the improved access to the community and the increased awareness of the neighborhood, Falcon Point is no longer the best kept secret of Katy real estate and is a highly sought after residential destination. Falcon Point retains its' quiet, suburban feel and is well buffered from multi-housing and commercial development; yet is extremely convenient to shopping, dining, entertainment and major employment centers. Although all lots were absorbed and no new construction has been available for over five years, Falcon Point real estate remains in high demand. Despite the fact that Owners of Falcon Point Homes tend to stay in Falcon Point, a significant portion of the residents are professionals employed by oil companies and engineering firms with a tendency to transfer their employees. This assures a regular supply of properties on the market in Falcon Point to meet the market demand.

As an added benefit to resident s of Falcon Point homes, although the club remains a members only country club, the Falcon Point Homeowners Association has negotiated an agreement whereby Falcon Point homeowners have use of the swimming and tennis facilities of the club as part of their membership in the homeowner's association..

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