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15422 Forest Grove Drive
About This Property
Choose from eight preferred builders to create the home of your dreams in this enchanting environment. Don't miss the opportunity to turn your vision into reality in the serene Republic Grand Ranch.
Nestled just north of The Woodlands and Lake Conroe, this stunning 2-acre wooded lot located in Republic Grand Ranch offers a perfect blend of serenity and convenience. Less than an hour from Lake Livingston, it provides ample opportunities for boating and other outdoor activities. Immerse yourself in the tranquility of nature while enjoying the proximity to nearby amenities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | No longer available | - | |
| No longer available | |||
| Jul 15, 2026 | Listed by Keller Williams Realty The Woodlands | $152,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| Jan 22, 2026 | Price Decreased |
$155,000
↓ $15K
(8.8%) | |
| Price Decreased | |||
| Jul 11, 2025 | Price Decreased |
$169,900
↓ $5K
(2.9%) | |
| Price Decreased | |||
| Feb 25, 2025 | Listed by Keller Williams Realty The Woodlands | $175,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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Nestled just north of The Woodlands and Lake Conroe, this stunning 2-acre wooded lot located in Republic Grand Ranch offers a perfect blend of serenity and convenience. Less than an hour from Lake Livingston, it provides ample opportunities for boating and other outdoor activities. Immerse yourself in the tranquility of nature while enjoying the proximity to nearby amenities.
This picturesque property is free from MUD taxes and features underground utilities, ensuring a seamless integration into the natural landscape. Spend leisurely afternoons at the 8-acre stocked fishing pond or explore the expansive 37-acre park, perfect for outdoor adventures and family picnics. For equestrian enthusiasts, the allowance of one horse per acre adds an extra charm to this idyllic setting.
Choose from eight preferred builders to create the home of your dreams in this enchanting environment. Don't miss the opportunity to turn your vision into reality in the serene Republic Grand Ranch.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017