17760 Saddle Horn Drive
About This Property
WATERFRONT LOT! This 1.111-acre lot is located in a gated community with no MUD tax. The lot is well-shaped and backs up to a crystal-clear lake. You can choose your builder with no time limit to build, and horses are welcome!
Community amenities include a pool, equestrian center, riding trails, parks, playgrounds, tennis courts, volleyball and basketball courts, fishing ponds, and a private lake. The property is conveniently located just minutes from downtown Magnolia, The Woodlands, and Lake Conroe. This waterfront lot is perfect for your custom home!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 5, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Apr 1, 2025 | Price Decreased |
$195,000
↓ $5K
(2.5%) | |
| Price Decreased | |||
| Feb 12, 2025 | Listed by Coldwell Banker Realty - Lake Conroe/Willis | $200,000 | |
| Listed by Coldwell Banker Realty - Lake Conroe/Willis | |||
| Sep 30, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017