16
Map
$950,000
●
Land -
For Sale
11313 Lake Forest Drive
Conroe, TX 77384
Studio
0 Bath
$4,941
Est. Monthly
$79
HOA / Fees
About This Property
Rare 5-acre residential homesite in the desirable Red Oak Ranch
area of Conroe. This beautiful wooded property offers privacy,
space, mature trees and an excellent setting for a custom estate
home.
The property features newly installed fencing along the frontage, enhancing both appearance and usability.
An HOA-approved custom home project has already been prepared for the property and is available for purchase separately at an additional cost. The approved plans can provide a significant head start for a buyer who wishes to move forward with construction.
With approximately 5 acres, the property offers ample room for a custom residence, pool, outdoor living areas, workshop or other improvements, subject to applicable restrictions and approvals. One of the best rewards of this property is the unbelievably LOW TAX RATE of 1.58 and NO MUD Tax!
Conveniently located near The Woodlands while offering the privacy and character of acreage living.
The property features newly installed fencing along the frontage, enhancing both appearance and usability.
An HOA-approved custom home project has already been prepared for the property and is available for purchase separately at an additional cost. The approved plans can provide a significant head start for a buyer who wishes to move forward with construction.
With approximately 5 acres, the property offers ample room for a custom residence, pool, outdoor living areas, workshop or other improvements, subject to applicable restrictions and approvals. One of the best rewards of this property is the unbelievably LOW TAX RATE of 1.58 and NO MUD Tax!
Conveniently located near The Woodlands while offering the privacy and character of acreage living.
Unit Size
-
Days on Market
-
Land Size
5.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$198
HOA Dues
$79
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (HAR #54718487)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Listed by TEXAS REAL ESTATE SERVICES | $950,000 | |
| Listed by TEXAS REAL ESTATE SERVICES | |||
| May 12, 2023 | Sold | ||
| Sold | |||
| Mar 4, 2023 | Listed by Compass RE Texas, LLC | $399,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Astounding Awe-Inspiring Acreage to Build the Home of Your Dreams! This beautiful 5 Acer property is situated within the tranquil horse community of Red Oak Ranch and is adorned with picturesque mature trees. At under two dollars a SQFT this property is listed well below any that have sold within this community for years! Imagine taking a jaunt on horseback throughout your neighborhood or riding down to the neighborhood private horse arena. One of the best rewards to this property is the unbelievably low tax rate of 1.76 and NO MUD Tax! You will also love how close this property is to local amenities yet once within the neighborhood you feel as though you are out in the country. This property is not located in a flood zone according to FEMA Flood Maps! Contact me and my team to see this extraordinary property today!
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Property Highlights
Exterior Details
Lot Features: Cleared, Subdivision, 5 Up to 10 Acres
Lot Size Area: 5
Lot Size Units: Acres
Lot Size Acres: 5
Lot Size Square Feet: 217800
Lot Size Dimensions: 137 x 788 x 510 x 1007
Water Source: Public, Well
Financial Details
Tax Annual Amount: $2,371
Utilities Details
Sewer : Aerobic Septic
Location Details
HOA Fee: $945
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Red Oak Ranch
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Listed by: Gulay Yasar, TEXAS REAL ESTATE SERVICES
Last Updated: 2 months ago
Data Source: HAR , MLS# 54718487
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Last Updated: 2 months ago
Data Source: HAR , MLS# 54718487
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