31
Map
$600,000
↓ $25K (4%)
●
Land -
For Sale
11823 Thoreau Drive
Montgomery, TX 77356
Studio
0 Bath
$3,295
Est. Monthly
$79
HOA / Fees
About This Property
Imagine building your dream home on this stunning vacant lot,
perfectly positioned for breathtaking open-water views of Lake
Conroe. Picture yourself on a spacious back porch, watching the sun
rise over the lake each morning drinking your morning cup of
coffee. From here, you'll even enjoy views of the iconic Seven
Coves lighthouse right from your backyard. This partially wooded
lot offers both natural beauty and endless potential-ready to bring
your vision to life.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$269
HOA Dues
$79
Year Built
-
Listed By
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Cap Rate
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: 25 days ago (HAR #77392526)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2025 | Price Decreased |
$600,000
↓ $25K
(4%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Nov 7, 2024 | Listed by Keller Williams Advantage Realty | $650,000 | |
| Listed by Keller Williams Advantage Realty | |||
| Aug 2, 2024 | No longer available | - | |
| No longer available | |||
| Jan 27, 2023 | Listed by Keller Williams Advantage Realty | $675,000 | |
| Listed by Keller Williams Advantage Realty | |||
| | |||
|
Ready to build your dream home? Vacant lot just waiting for the perfect home to be built. Amazing open water views of Lake Conroe. You could be sitting on your back porch looking out to Lake Conroe and watching beautiful sunrises. You can see the Seven Coves lighthouse from your back door. Partially treed
| |||
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Property Highlights
With View
Exterior Details
Waterfront Features: Lake Front, Concrete Bulkhead
Lot Features: Near Golf Course, Waterfront, Cleared, Subdivision, 1/4 Up to 1/2 Acre, Curbs & Gutters
Lot Size Area: 0.2521
Lot Size Units: Acres
Lot Size Acres: 0.2521
Lot Size Square Feet: 10981.476
Lot Size Dimensions: 86 x 140 x 75 x 134
Tax Lot: 15
Water Source: Water District
Financial Details
Tax Annual Amount: $3,227
Location Details
HOA/Condo/Coop Amenities: Boat Dock, Boat Slip, Clubhouse, Dog Park, Fitness Center, Golf Course, Marina, Park, Picnic Area, Playground, Pool, Tennis Court(s), Pickleball Court
HOA Fee: $950
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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HOA + Taxes
About Walden
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Listed by: Katherine Maher, Keller Williams Advantage Realty
Last Updated: 25 days ago
Data Source: HAR , MLS# 77392526
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Last Updated: 25 days ago
Data Source: HAR , MLS# 77392526
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