16
Map
$151,900
●
Land -
For Sale
15327 Forest Grove Drive
Willis, TX 77378
Studio
0 Bath
$889
Est. Monthly
$41
HOA / Fees
About This Property
Exceptional opportunity on 1.5 heavily wooded acres backing to a
private greenbelt-no rear neighbors and no drainage easements or
pipelines to limit your enjoyment. This build-ready homesite offers
rare privacy and a protected wooded backdrop, creating the perfect
setting for a custom home with outdoor living space. Located in
Republic Grand Ranch, a large-lot acreage community in the rolling
hills just outside Willis, you'll enjoy paved roads, underground
utilities, public water, and high-speed fiber optic internet.
Community amenities include a private stocked lake, parks, frisbee
golf course, covered pavilions, and miles of wooded trails. Gently
elevated terrain at approximately 400' ASL enhances drainage and
character. Minutes from shopping, dining, schools, and medical
facilities. Low tax rate with no MUD tax. A strong value in a
premier forested community.
Unit Size
-
Days on Market
-
Land Size
1.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$102
HOA Dues
$41
Year Built
-
Listed By
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: 2 months ago (HAR #76566025)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 25, 2025 | Listed by Grand Ranch Properties | $151,900 | |
| Listed by Grand Ranch Properties | |||
| Feb 21, 2025 | No longer available | - | |
| No longer available | |||
| Sep 4, 2024 | Price Decreased |
$151,900
↓ $2K
(1.3%) | |
| Price Decreased | |||
| May 21, 2024 | Listed by Keller Williams Realty The Woodlands | $153,900 | |
| Listed by Keller Williams Realty The Woodlands | |||
| | |||
|
1.5 ACRES > HEAVILY WOODED > BACKS UP TO GREENBELT > NO DRAINAGE EASEMENTS OR PIPELINES >READY TO BUILD > Located on the outskirts of Willis with great schools and nearby shopping. Large lot wooded community with gentle rolling hills. Peaceful privacy. You will never be crowded by neighbors. Republic Grand Ranch is a large lot, wooded community in the rolling hills. Country lifestyle for your custom forever home. Trees, paved roads, water, HIGH SPEED fiber optic internet & underground power through out. Covered pavilions, parks, ponds, playgrounds, BBQ areas. Minutes from shopping, dining, schools, hospitals, and entertainment. Low taxes - No MUD tax. Average elevation is 400’ ASL. Plenty of greenspace and trails for hiking, biking and horseback riding.
| |||
| Mar 30, 2024 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Exterior Details
Lot Features: Greenbelt, Wooded, Subdivision, 1 Up to 2 Acres
Lot Size Area: 1.5
Lot Size Units: Acres
Lot Size Acres: 1.5
Lot Size Square Feet: 65340
Tax Lot: 33
Water Source: Public
Financial Details
Tax Annual Amount: $1,219
Utilities Details
Sewer : Aerobic Required (not installed)
Location Details
HOA/Condo/Coop Amenities: Park, Picnic Area, Trail(s), Pond
HOA Fee: $495
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 Montgomery
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jennifer Ryan, Grand Ranch Properties
Last Updated: 2 months ago
Data Source: HAR , MLS# 76566025
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: 2 months ago
Data Source: HAR , MLS# 76566025
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017