341 Exploration Road
About This Property
Build your dream home on this 1-acre lot featuring mature hardwoods and pines on a flat, high-and-dry hilltop-easy to build with plenty of privacy. Enjoy convenient access to FM 1097, I-45, Lake Conroe, and The Woodlands. The community offers paved roads, water, high-speed fiber internet, underground power, low taxes, no MUD, and highly sought-after New Waverly schools-perfect for serene, country living.
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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 |
|---|---|---|---|
| Dec 21, 2025 | Listed by RE/MAX Integrity | $104,900 | |
| Listed by RE/MAX Integrity | |||
| Aug 28, 2024 | Relisted | $104,900 | |
| Relisted | |||
| Aug 27, 2024 | No longer available | - | |
| No longer available | |||
| Aug 22, 2024 | Price Decreased |
$104,900
↓ $10K
(8.7%) | |
| Price Decreased | |||
| Feb 26, 2024 | Listed | $114,900 | |
| Listed | |||
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Get back to Nature - 1.0 ACRE - Mature Mix of Hardwoods and Pines- Flat lot at the top of a hill – Easy Build, High and Dry - Easy access to FM 1097- Deep lot creates privacy. Located just outside of Willis, 10 minutes to I-45, 13 minutes to Lake Conroe and 20 minutes to the The Woodlands for all your shopping, medical, and recreational needs. Sought after New Waverly schools. Crowding by neighbors will not be a problem in this large lot community. Trees, paved roads, water, HIGH SPEED fiber optic internet & underground power through out. Low taxes and no MUD tax. Subdivision is high and dry with great elevation.
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Last Updated: 4 months ago
Data Source: HAR , MLS# 54531214
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017