Falls at Green Meadows

Falls at Green Meadows sits right in the heart of old Katy, and that central spot is a big part of its appeal. Friendswood Development Company master-planned this 242-acre community on the land that once held the Green Meadows Golf Course. You can still feel that history in the rolling terrain and the mature trees scattered across the property. As a result, the neighborhood looks settled even though the homes themselves are fairly new.

Development got underway in the late 2010s, and the builders finished out the community within the last few years. When everything wrapped, the count landed at roughly 460 single-family homes. Avenue D, one of Katy’s major through-lanes, carries you to the main entrance, while Cane Island Parkway runs along the west side and Franz Rd sits just to the south. That layout keeps you connected without funneling cut-through traffic past your front door.

School zoning here is one of the easiest wins in the whole area. Falls at Green Meadows feeds into Katy ISD, and the assigned campuses sit close enough that drop-off rarely turns into a chore. Beyond that, the location is tough to beat. You sit minutes from Interstate 10, and downtown Houston runs about a 35-minute drive when traffic cooperates. Katy City Park, including it all-abilities Playstation Park, and Mary Jo Peckham Park wait just across Avenue D, which is a rare everyday perk.

Living in old Katy gives you the small-town feel without giving up the bigger conveniences. Historic downtown Katy sits just minutes away, with local shops, antique stores, a prominent new gathering and entertainment area and a weekend market that regulars genuinely look forward to. For larger hauls, Katy Mills Mall delivers outlet shopping a short drive west. Meanwhile, LaCenterra at Cinco Ranch adds another layer with its mix of boutiques, restaurants, and seasonal events.

When it comes to food, you will not run short on options anytime soon. The area serves up everything from Texas barbecue and Tex-Mex to sushi, Vietnamese, and a few solid coffee shops for slow mornings. Entertainment proves just as easy to track down. Typhoon Texas waterpark pulls in families all summer, and the coming-soon Katy Boardwalk District promises to keep adding fresh spots to eat and stroll. Plenty of good nights out start and end right here.

What really sets this pocket of Katy apart is how much sits within reach. Mary Jo Peckham Park offers fishing ponds, a putting course, and an indoor pool, all a short walk from home. Katy City Park then brings ball fields, tennis courts, pickleball courts and shaded picnic spots into the mix. And the Playstation All-Abilities park makes sure our special needs kids are not left out. Add in quick access to medical centers, grocery stores, and the Energy Corridor, and the day to day becomes simple.

The amenities at Falls at Green Meadows lean toward the kind you actually use, not just the kind that photograph well. The clubhouse anchors the community and serves as the natural gathering spot for neighbors and seasonal get-togethers. Right alongside it, the community pool gives families a dependable place to cool off once the Texas heat sets in. On a hot afternoon, that water quickly becomes the most popular address in the whole neighborhood.

Water shapes a lot of the daily experience out here. Four community lakes wind through the neighborhood, and plenty of homes back right up to them for those quiet morning views. Walking trails connect the lakes and the smaller pocket parks, so a simple loop around the block turns into a genuine stroll. Those tucked-away green spaces also give kids and dogs room to roam without anyone needing to load up the car first.

The playground stays busy through most afternoons, and it sits close enough to home that parents can keep an easy eye on the action. Then comes the perk that no amenity list can fully capture. Katy City Park and Mary Jo Peckham Park sit directly across Avenue D, which basically doubles the recreation at your doorstep. Between the two, you pick up ball fields, tennis courts, fishing ponds, a putting course, and plenty of open green space.

Most of the Homes in Falls at Green Meadows fall within the taxing jurisdiction of the Harris Central Appraisal District. Only two sections lie within Waller County’s authority. Either way. the total tax rate consists of several different taxing entities, which can vary depending on the part of the community where you live. These rates typically apply to the school district, MUD district, and county or city services, but they can vary based on the specific section.

As of the time of this writing (April 2026), the average property tax rate for homes in the neighborhood is 3.43% before any exemptions or reductions. Just as with every home in the Katy area, these rates apply to every $100 of a home’s valuation. The current average sales price is $595,000, which we’ll use to map out how property taxes work. To understand how that plays out, that $595,000 home could expect to pay $20,409 / year in property taxes:

$595,000 / $100 = $5,950 x 3.43 = $20,409.

It’s important to remember though that this doesn’t take into account homestead, over 65, and other valuable tax exemptions that offer significant tax savings. Read more about how property taxes work in our area. As of the time of this writing, the annual HOA Dues here are $1,100 which should be considered high given the limited amount of amenities available here.

Two builders shaped the large portion of homes at Falls at Green Meadows, and both bring a solid track record to the table. Westin Homes handled a large share of the community and earned a name for generous layouts and well-finished interiors. Lennar added its own collection, known for smart floor plans and move-in-ready value. The rest of the community was built out with Meritage Homes, Gehan Homes and Village Builders.

Square footage covers a wide stretch, running from around 2,400 up past 5,300 square feet across the two builders. Most homes sit on roomy 70-foot lots, which is part of why these streets feel open rather than packed. You will find standard interior lots, corner lots, and cul-de-sac homesites throughout the community. The lakefront lots stand out most, though, since the old course gave way to water rather than fairways.

As for availability, the builders have essentially sold out, so nearly everything trading now moves through resale. That actually works in a buyer’s favor, because you tour finished homes with mature landscaping instead of a bare dirt lot. Pricing generally ranges from the high $460s up into the $700s, depending on size, lot, and updates. For a central Katy address with this much room, that range tends to hold its value well.