10
Map
$110,000
●
Land -
For Sale
15464 Forest Grove Drive
Willis, TX 77378
Studio
0 Bath
$805
Est. Monthly
$41
HOA / Fees
About This Property
Enjoy outdoor living at its best with amenities that include
walking and hiking trails, parks, and a private, stocked fishing
lake where you can truly unwind and feel at home surrounded by
forest and preserved green space. Minutes from I-45 and everyday
conveniences, this thoughtfully planned community offers the
perfect balance of privacy and accessibility creating an ideal
place to call home for those who value space, nature, and a country
lifestyle. Offering offer high-speed fiber optic internet,
underground utilities, and water, no MUD and low taxes-giving you
modern convenience in a peaceful, natural setting.
Unit Size
-
Days on Market
-
Land Size
2.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$223
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: 6 months ago (HAR #91473601)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2026 | Listed by Coldwell Banker Realty - Lake Conroe/Willis | $110,000 | |
| Listed by Coldwell Banker Realty - Lake Conroe/Willis | |||
| Dec 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 25, 2025 | Listed by Keller Williams Realty The Woodlands | $135,900 | |
| Listed by Keller Williams Realty The Woodlands | |||
| | |||
|
2.23 ACRES > GREAT TOPOGRAPHY > BEAUTIFUL MATURE TREES > 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.
| |||
Property Highlights
Exterior Details
Lot Features: Wooded, Subdivision, 2 Up to 5 Acres
Lot Size Area: 2.23
Lot Size Units: Acres
Lot Size Acres: 2.23
Lot Size Square Feet: 97138.8
Lot Size Dimensions: 169 x 475 x 170 x 541
Water Source: Public, Well
Financial Details
Tax Annual Amount: $2,674
Location Details
HOA/Condo/Coop Amenities: Park, Picnic Area, Trail(s), Pond, Stocked Pond
HOA Fee: $495
HOA Fee Frequency: Annually
Comparables
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Type
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HOA + Taxes
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Listed by: Wendy Welsh, Coldwell Banker Realty - Lake Conroe/Willis
Last Updated: 6 months ago
Data Source: HAR , MLS# 91473601
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Last Updated: 6 months ago
Data Source: HAR , MLS# 91473601
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