$800,000 Last Listed Price
●
House -
Off Market
15012 Lake Paula Drive
Willis, TX 77318
3 Beds
3 Baths,
1
Half Bath
2,523 Ft²
$865,316
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
LAKEFRONT retreat on 3.3 acres of land at the northeastern side of
Lake Conroe. Yes - it's right on the water w/ a nice deep &
wide lot ready to add your boat dock. Walls of windows for
spectacular views, vaulted ceilings, open concept
kitchen/dining/living rm, 2 add'l large living areas, primary
bedroom down and 2 more bedrooms up has 2 huge walk-in Texas attics
(easy for conversion to a 4th bedroom). Kitchen, primary bathroom &
half bathroom recently updated. White quartzite countertops,
new lighting, fresh light grey interior paint, lovely
hardwood floors downstairs. Enjoy the peaceful beauty
of nature from your covered back patio/deck from either of two
upstairs balconies overlooking Lake Conroe. Park your boat,
RV or 4 wheelers here too. No HOA and VERY LOW TAXES.
With just a little TLC, this property is sure to please.
ROOF only 4.5 yrs old. One of 2 HVAC recently replaced. No
Flooding Here! Just 24 mi to The Woodlands. Showings this Wed
only. See the video tour.
Unit Size
2,523 Ft²
Days on Market
-
Land Size
3.33 acres
Price per sqft
$317
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1995
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (HAR #43133188)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by Compass RE Texas, LLC - The Woodlands | $950,000 | |
| Listed by Compass RE Texas, LLC - The Woodlands | |||
   | |||
|
LAKEFRONT PARADISE OFFERS INCREDIBLE OPPORTUNITY ON SECLUDED 3.3 ACRES w/panoramic views of Lake Paula, tucked alongside the trees of Sam Houston National Forest! Nestled within a quiet alcove along Lake Conroe's NE shore, enjoy fishing & boating from the comfort of your backyard dock! Open floor plan w/updated kitchen features quartzite countertops, double ovens, & large pantry! Idyllic waterfront views from sunny breakfast room and spacious den w/cozy fireplace. Convenient access to dual-level deck for entertaining! Bonus sitting room (opt. study) + separate dining room for family gatherings. Updated owner's retreat offers patio access + quartzite counters & jetted tub. Two large bedrooms up w/balcony access from each to savor the sights. Don't miss 2 spacious walk-in attics (room to build out 4th BR). NEW windows! Whole home water filtration/softener system & GENERATOR! Fenced dog run! High & dry + Minutes to I45, hiking trails, & shops/dining/Woodlands amenities. LOW taxes/no HOA!
| |||
| Jan 19, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Lake Paula Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Connie Renouard, Parkway Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 43133188
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 5 months ago
Data Source: HAR , MLS# 43133188
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017