Waterstone Katy TX: Full Community Guide to Homes, Amenities & Katy ISD Schools

By Taco Street Houston

Waterstone in Katy, TX, is a gated community offering modern duplexes and quadruplexes built around 2018, with prices averaging $453,300 ($170/sq ft). Families value its access to highly-rated Katy ISD schools, while investors appreciate the strong rental demand. Located near major highways, it combines suburban living with urban convenience. Homes range from $369,999 to $759,000, with property taxes at ~2.5% and HOA fees for neighborhood upkeep. Residents benefit from nearby shopping, dining, parks, and entertainment, making it a practical choice for families, professionals, and retirees.

Waterstone Katy TX Community Overview: Homes, Pricing & Schools Data

Waterstone Homes and Pricing

Home Types and Architectural Styles

Waterstone presents a blend of multifamily and single-family homes, all with a modern touch. The multifamily options include quadruplexes and duplexes, while the single-family homes typically offer 3 to 4 or more bedrooms. Built mostly around 2018, the homes showcase a contemporary vibe, complete with updated finishes and attached garages. The architectural design leans on clean lines and practical layouts, giving the neighborhood a cohesive and polished look.

Home Prices, Property Taxes, and HOA Fees

When it comes to pricing, Waterstone offers a range of options depending on the home type and size. Quadruplexes, for instance, are priced at $759,000 for 3,610 square feet, while duplexes start at $379,500 for 1,805 square feet. On average, homes in the community are listed at $453,300, which translates to about $170 per square foot. Property taxes in Katy hover around 2.5% of a home’s assessed value. While this is higher than the national average, it’s worth noting that Texas offsets this with no state income tax. HOA fees are in line with typical gated-community maintenance costs, ensuring the neighborhood remains well-kept. Additionally, Waterstone continues to offer new construction homes, adding to its appeal.

New Construction Homes

While most homes in Waterstone were built around 2018, there are still new construction options available, listed through Houston Icon. These homes come with updated features and modern finishes, making them ideal for buyers looking for a move-in-ready option with contemporary design elements.

Location and Nearby Conveniences

Major Roads and Commute Times

Waterstone is nestled in the Morton Ranch area of Katy, TX, about 30 miles west of downtown Houston. Its location provides direct access to I-10, the Westpark Tollway, and Grand Parkway, making it easier to navigate the region. A commute to downtown Houston during rush hour typically takes around 40 minutes, with other key areas like the Energy Corridor and Medical Center also within reach. This setup offers residents the best of both worlds: suburban tranquility paired with the convenience of urban access. However, having a car is a must in this area to fully enjoy its connectivity. Beyond commuting, the neighborhood also boasts nearby shopping and dining options that add to the convenience of everyday life.

Shopping, Dining, and Services

Running errands is a breeze with LaCenterra at Cinco Ranch close by. This popular spot in Katy is packed with boutiques, restaurants, bars, and outdoor patios, making it a go-to for shopping and dining. For bigger shopping trips, Katy Mills Mall offers a variety of outlet stores and entertainment options, all under one roof. On average, a family of four spends about $800 a month on groceries, while dining out at mid-range restaurants typically costs $15–$20 per person. Looking ahead, new commercial developments planned through 2025 promise to bring even more convenience to the area. With a mix of excellent retail, dining, and services, Waterstone residents have everything they need close to home.

Parks and Recreation

Outdoor enthusiasts will find plenty to love in the Waterstone area. Mary Jo Peckham Park is a local favorite, offering fishing, scenic trails, a playground, and mini-golf opportunities. For water lovers, Typhoon Texas Waterpark is just minutes away, featuring thrilling slides and lazy rivers. Looking for indoor activities? Taroko Sports, which opened in 2025, provides indoor soccer fields, batting cages, and multi-sport courts. Other nearby attractions include PopStroke, a mini-golf experience designed by Tiger Woods that combines interactive golfing with food and drinks, and Urban Air Trampoline Park, located near Katy Mills Mall, which offers year-round fun with trampolines and obstacle courses. With so many options, recreation in and around Waterstone is anything but dull.

Community Amenities and Lifestyle

Waterstone Community Amenities

Waterstone, a master-planned community in Katy, offers residents a comfortable suburban lifestyle. While specific amenities like pools, splash pads, or clubhouses within Waterstone are not detailed, the greater Katy area provides a variety of recreational and entertainment options. These options contribute to a well-rounded living experience for residents.

Neighborhood Atmosphere and Daily Life

Waterstone blends the tranquility of suburban living with the convenience of urban access, making it appealing to families, professionals, and retirees. Its prime location ensures easy connectivity to major roadways, simplifying commutes to Houston or the Energy Corridor. Families are particularly drawn to the area’s highly regarded Katy ISD schools and the strong sense of community that defines the Katy region. While owning a car is a necessity for getting around, residents benefit from nearby grocery stores, dining options, and entertainment venues for weekend outings.

HOA Rules and Important Considerations

All homeowners in Waterstone Estates are required to be members of the Homeowners Association (HOA), which focuses on maintaining the community’s appearance and property values. Crest Management oversees key responsibilities, including financial management, deed restriction enforcement, common area maintenance, and monthly assessments. Annual assessments are due on January 1st, with late fees applied starting February 1st. These fees cover costs such as landscaping, amenity maintenance, administrative services, insurance, and legal expenses.

For any exterior modifications – whether it’s a major addition or smaller changes like painting, adding gutters, or installing storage sheds – homeowners must submit an Exterior Modification Request (EMR) to the Architectural Control Committee. Approval typically takes around 30 days, so planning ahead is essential. Monthly deed restriction inspections are conducted, and repeated violations over a three-month period can lead to legal action. For issues like overgrown lawns or debris, the HOA may step in to resolve the problem after giving a 5 to 15-day notice and then bill the homeowner for the costs.

To access community amenities, homeowners must remain in good standing, meaning all dues must be paid, and any violations resolved. Since the streets in Waterstone are public, street parking is allowed. However, parking violations, such as driving in the wrong direction, fall under the jurisdiction of local law enforcement rather than the HOA. For specific rules about commercial vehicles or short-term rentals, residents should consult the community’s Covenants, Conditions, and Restrictions (CC&Rs), which are available on the management website.

Katy ISD Schools for Waterstone

About Katy ISD

Katy Independent School District (Katy ISD) is widely recognized as one of the top public school systems in Texas. In fact, Niche.com has ranked it as the No. 1 District in Houston and the No. 1 Large District in Texas for 2026. For the 2025-26 school year, Katy ISD serves 94,785 students across 80 schools, earning an impressive 10/10 overall rating.

The district’s academic achievements speak volumes. Katy ISD students outperform state averages, with 63% achieving math proficiency and 68% excelling in reading, compared to state averages of 44% and 51% respectively. The Class of 2023 boasted a 94.9% graduation rate, well above the Texas average of 90.3%. College readiness is another strong point, with graduates posting average SAT scores of 1,087 (state average: 978) and ACT scores of 25.3 (state average: 19.2) for the 2022-2023 academic year.

Dr. Ken Gregorski, Superintendent of Katy ISD, highlights the district’s commitment to excellence:

"Katy ISD educators and staff are consistently providing innovative and unparalleled learning experiences across our campuses. They are the best of the best, and that is reflected every day in our student performance, CTE certifications, college and military readiness, athletics, fine arts and more."

Schools Zoned for Waterstone

Residents of Waterstone are part of the Morton Ranch feeder pattern within Katy ISD. Students in this area attend Morton Ranch Elementary School (Pre-K through 5th grade), Morton Ranch Junior High (6th through 8th grade), and Morton Ranch High School (9th through 12th grade). For the 2024-2025 school year, Katy ISD received a ‘B’ overall accountability rating from the Texas Education Agency. This aligns with the district’s reputation for academic quality and enhances Waterstone’s appeal as a family-friendly community.

Katy ISD’s 14:1 student-teacher ratio, lower than the state average of 15:1, ensures more individualized attention for students. The district also offers robust AP and IB programs, with 36.1% of upperclassmen participating and 83.1% passing at least one exam. These features make the schools in the Morton Ranch feeder pattern a compelling choice for families considering Waterstone.

How to Confirm School Zoning

As Katy ISD continues to grow and adapt to changing enrollment patterns, school attendance boundaries may shift. To confirm which schools are zoned for a specific address, residents can use the School Assignment by Residential Address (SARA) Web application on the Katy ISD website. This tool is compatible with all major browsers.

The SARA application not only identifies the schools serving a specific address but also provides detailed boundary maps for every Katy ISD campus. For updates on proposed attendance zone changes or the boundary modification process, visit the Attendance Boundary Modification page on the district’s website. Verifying school zoning ahead of time ensures that your children will attend the schools you’ve planned for.

Conclusion

Waterstone combines affordable housing, quality schools, and a convenient lifestyle in Katy, making it an attractive choice for families, professionals, and investors. With a variety of options, from resale homes to new multifamily developments, the community accommodates a range of budgets. Homes typically span from 1,616 to over 3,000 square feet, offering choices for first-time buyers and those seeking more space.

Key features of the community include access to the highly regarded Katy ISD and a variety of local amenities that enhance its appeal. Its location near major roadways like the Grand Parkway and I-10, along with proximity to shopping hubs such as LaCenterra at Cinco Ranch, provides a balance of suburban comfort and urban convenience.

Whether you’re drawn to the gated multifamily sections for investment opportunities or the single-family neighborhoods for a place to settle, Waterstone homes offer modern designs and contemporary features. The surrounding Katy area adds to the lifestyle with parks, dining, and entertainment options that enrich daily living.

Be sure to verify school zoning and visit the community at different times to get a feel for its unique atmosphere.

FAQs

Why is Waterstone in Katy, TX, a great investment opportunity?

Waterstone in Katy, TX, presents a promising opportunity for real estate investors, thanks to a mix of attractive buyer incentives, steady rental demand, and access to highly regarded schools. Features like closing-cost rebates and other buyer perks help reduce initial expenses, making it easier to add modern, appealing properties to an investment portfolio. With rental units ranging from 667 to 1,523 square feet and monthly rents between $1,249 and $2,115, the potential for consistent cash flow is clear.

The community is located within the sought-after Katy Independent School District, known for its excellent schools that draw families to the area. This steady demand not only boosts rental appeal but also contributes to long-term property value appreciation.

Waterstone also offers upscale amenities, including pools, outdoor kitchens, and easy access to major highways like I-10 and 99, adding to its appeal for both renters and homeowners. These combined factors make Waterstone a strong contender for anyone considering real estate investment.

What amenities does Waterstone offer to enhance residents’ quality of life?

Waterstone offers a range of amenities designed to make everyday living both enjoyable and convenient. Whether you’re unwinding by the resort-style swimming pool with its inviting sundeck, keeping fit in the state-of-the-art fitness center, or joining neighbors for events in the community clubhouse, there’s something for everyone. Outdoor spaces like the playground, scenic pond, dog park, and BBQ grill area offer plenty of opportunities for relaxation, fun, and spending quality time with family or friends. Practical perks, such as a car-wash station and access to high-speed Wi-Fi, add an extra layer of convenience.

Living at Waterstone is made even better by its prime location. Residents are just minutes away from parks, schools, dining spots, and grocery stores, cutting down on travel time and making it easy to stay connected and active. Together, the thoughtfully crafted amenities and accessible surroundings create a welcoming and dynamic community in Katy, TX.

What should families know about choosing Katy ISD schools for their children?

Katy ISD has earned a stellar reputation for its academic achievements, consistently placing among the top school districts in Texas. Schools like Seven Lakes High School and McMeans Junior High stand out, boasting high graduation rates and minimal dropout numbers. This level of performance showcases the district’s dedication to equipping students for both college and career pathways.

When deciding on a school, families should take into account more than just rankings. Factors like student demographics, program availability, and extracurricular activities play a vital role. Katy ISD offers a wide range of options, including career-technical education, fine arts, athletics, and bilingual programs. These choices give parents the flexibility to find a school that matches their child’s unique interests and goals. On a more practical note, considerations such as school zoning, proximity to the Waterstone community, and manageable daily commutes can make a big difference in finding the right fit for your family.