17
Map
$184,900
●
Land -
For Sale
16010 Forest Mill Road
Willis, TX 77378
Studio
0 Bath
$1,180
Est. Monthly
$41
HOA / Fees
About This Property
2.00 ACRES > BACKS TO 5 ACRE RESERVE > NO BACK NEIGHBORS >
EXTRA SPACE FROM SIDE NEIGHBORS > PHASE 8 PRIVACY > Ideal
homesite for those seeking true peace, quiet, and separation. This
property offers exceptional privacy with a 5-acre reserve behind,
ensuring no rear neighbors and a protected natural backdrop. The
added distance from side neighbors creates a more secluded,
estate-style setting rarely found. Located in Phase 8, tucked away
from main roads, minimizing traffic noise and enhancing the
tranquil setting. The lot features a great layout for a custom
home, with ample space for a pool, shop, garden, and outdoor living
areas. Republic Grand Ranch is a large lot, wooded community with
rolling terrain just outside Willis. Paved roads, water, fiber
optic internet, and underground power throughout. Enjoy a private
stocked lake, parks, and trails. Low taxes, no MUD tax, average
elevation 400' ASL. Minutes to shopping, dining, schools, and
hospitals.
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$230
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: 2 months ago (HAR #71409528)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2026 | Listed by Grand Ranch Properties | $184,900 | |
| Listed by Grand Ranch Properties | |||
| Nov 19, 2024 | Sold | ||
| Sold | |||
| Oct 28, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by Keller Williams Realty The Woodlands | $169,900 | |
| Listed by Keller Williams Realty The Woodlands | |||
| | |||
|
2.00 ACRES IN REPUBLIC GRAND RANCH > EXTRA WIDE > BACKS UP TO 5 ACRE COMMUNITY RESERVE > EXTRA PRIVACY > 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.
| |||
| Jun 22, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Exterior Details
Lot Features: Greenbelt, Level, Wooded, Subdivision, 2 Up to 5 Acres, No Lot Improvements
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Acres: 2
Lot Size Square Feet: 87120
Tax Lot: 2
Water Source: Public
Financial Details
Tax Annual Amount: $2,764
Utilities Details
Sewer : Aerobic Required (not installed)
Location Details
HOA/Condo/Coop Amenities: Jogging Path, Park, Picnic Area, Trail(s), Horse Trails, Pond, Stocked Pond
HOA Fee: $495
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Montgomery
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Listed by: Jennifer Ryan, Grand Ranch Properties
Last Updated: 2 months ago
Data Source: HAR , MLS# 71409528
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Last Updated: 2 months ago
Data Source: HAR , MLS# 71409528
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