14
Map
$119,000
●
Land -
For Sale
15388 Forest Grove Drive
Willis, TX 77378
Studio
0 Bath
$626
Est. Monthly
$41
HOA / Fees
About This Property
Gorgeous 1.5 acre deep and wide lot in the AMAZING Republic Grand
Ranch. This is your opportunity to own a private heavily wooded lot
that will be the future site of your dream custom home! You can buy
now and wait to build at any point in the future. You will have the
opportunity to choose from a wide variety of professional and
skilled custom home builders. This lot could also be an excellent
investment opportunity, you could buy now and hold this lot then
resale at some point in the future. Republic Grand Ranch offers
scenic views, a beautiful lake, and lovely tranquil environment.
This community offers close proximity to IH-45 and is just 20
minutes from The Woodlands.
Unit Size
-
Days on Market
-
Land Size
1.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$41
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: 3 days ago (HAR #18328977)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 5, 2026 | Listed by Trust Real Estate | $119,000 | |
| Listed by Trust Real Estate | |||
| Jul 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 13, 2026 | Listed by Trust Real Estate | $119,000 | |
| Listed by Trust Real Estate | |||
   | |||
|
Gorgeous 1.5 acre deep and wide lot in the AMAZING Republic Grand Ranch. This is your opportunity to own a private heavily wooded lot that will be the future site of your dream custom home! You can buy now and wait to build at any point in the future. You will have the opportunity to choose from a wide variety of professional and skilled custom home builders. This lot could also be an excellent investment opportunity, you could buy now and hold this lot then resale at some point in the future. Republic Grand Ranch offers scenic views, a beautiful lake, and lovely tranquil environment. This community offers close proximity to IH-45 and is just 20 minutes from The Woodlands.
| |||
| May 19, 2026 | Listed by Trust Real Estate | $119,000 | |
| Listed by Trust Real Estate | |||
   | |||
|
Gorgeous 1.5 acre deep and wide lot in the AMAZING Republic Grand Ranch. This is your opportunity to own a private heavily wooded lot that will be the future site of your dream custom home! You can buy now and wait to build at any point in the future. You will have the opportunity to choose from a wide variety of professional and skilled custom home builders. This lot could also be an excellent investment opportunity, you could buy now and hold this lot then resale at some point in the future. Republic Grand Ranch offers scenic views, a beautiful lake, and lovely tranquil environment. This community offers close proximity to IH-45 and is just 20 minutes from The Woodlands.
| |||
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Property Highlights
Exterior Details
Lot Features: Wooded, Conservation District, Subdivision, 1 Up to 2 Acres
Lot Size Area: 1.51
Lot Size Units: Acres
Lot Size Acres: 1.51
Lot Size Square Feet: 65775
Tax Lot: 55
Water Source: Private
Utilities Details
Sewer : Aerobic Septic
Location Details
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: Brian Carter, Trust Real Estate
Last Updated: 3 days ago
Data Source: HAR , MLS# 18328977
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Last Updated: 3 days ago
Data Source: HAR , MLS# 18328977
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