20
Map
$399,990
●
Land -
For Sale
23501 Cranefly Lane
New Caney, TX 77357
Studio
0 Bath
$3,202
Est. Monthly
About This Property
Unrestricted 5.04-acre cul-de-sac lot with full utilities and
subdivision potential-ideal for multiple homesites, development, or
a private estate. This versatile property offers the rare
opportunity to build your dream home while maintaining flexibility
to subdivide for resale, investment, or multi-generational living.
Tucked away in a peaceful setting, enjoy privacy and space just
minutes from Porter and a short drive to Houston. Located in a
growing area with easy access to major highways, this property
blends rural charm with urban convenience. All utilities are
available, making development more accessible. Per seller, the
property may be subdivided; buyer to independently verify
requirements, utilities, and restrictions.
Unit Size
-
Days on Market
-
Land Size
5.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,237
HOA Dues
-
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: 17 days ago (HAR #21319747)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Listed by Realty Of America, LLC | $399,990 | |
| Listed by Realty Of America, LLC | |||
| Aug 31, 2026 | No longer available | - | |
| No longer available | |||
| Aug 1, 2025 | Listed by Realty Of America, LLC | $460,000 | |
| Listed by Realty Of America, LLC | |||
   | |||
|
Unrestricted 5.04-acre cul-de-sac lot with full utilities and subdivision potential—ideal for multiple homesites, development, or a private estate. This versatile property offers the rare opportunity to build your dream home while maintaining flexibility to subdivide for resale, investment, or multi-generational living. Tucked away in a peaceful setting, enjoy privacy and space just minutes from Porter and a short drive to Houston. Located in a growing area with easy access to major highways, this property blends rural charm with urban convenience. All utilities are available, making development more accessible. Per seller, the property may be subdivided; buyer to independently verify requirements, utilities, and restrictions.
| |||
| Mar 28, 2025 | Listed | $479,990 | |
| Listed | |||
| | |||
|
Unrestricted 5.04-acre lot with full utilities on a quiet cul-de-sac in New Caney—ready for your dream home or investment project. This prime property offers a rare combination of privacy, tranquility, and development flexibility. Enjoy peaceful surroundings just minutes from Porter, TX, and a short drive to Houston’s top-tier shopping, dining, and entertainment. Located in a rapidly growing community with easy highway access, this land offers the perfect blend of rural charm and urban convenience. Whether you’re looking to build, develop, or escape the city hustle, this is a unique opportunity you don’t want to miss!
| |||
| Jan 17, 2025 | Price Decreased |
$479,990
↓ $10K
(2%) | |
| Price Decreased | |||
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Property Highlights
Exterior Details
Lot Features: Cul-De-Sac, Subdivision, 5 Up to 10 Acres
Lot Size Area: 5.0425
Lot Size Units: Acres
Lot Size Acres: 5.0425
Lot Size Square Feet: 219651.3
Water Source: Public
Financial Details
Tax Annual Amount: $14,845
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Montgomery
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Celeste Batres, Realty Of America, LLC
Last Updated: 17 days ago
Data Source: HAR , MLS# 21319747
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Last Updated: 17 days ago
Data Source: HAR , MLS# 21319747
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