8
Map
$120,000
●
Land -
For Sale
512 Navajo Street
Conroe, TX 77316
Studio
0 Bath
$654
Est. Monthly
$10
HOA / Fees
About This Property
Waterfront opportunity in Lake Conroe Forest! This 12,214 SF
(approx. 0.28-acre) homesite offers approximately 65 feet of
frontage along Little Lake Conroe, creating a peaceful setting for
your future home or investment. The property features approximately
60 feet of frontage on Navajo Drive, a privacy fence along one
side, and a recent survey available. Enjoy the lifestyle Lake
Conroe Forest has to offer, including private lakes, parks, and
convenient access to Lake Conroe. Ideally located just off Hwy 105,
with easy access to shopping, dining, entertainment, and I-45. Low
HOA fees and an attractive tax rate add to the property's appeal. A
unique opportunity to build your vision while enjoying a quiet
waterfront setting and the convenience of the Lake Conroe area.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$54
HOA Dues
$10
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 #50510364)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Listed by Step Real Estate | $120,000 | |
| Listed by Step Real Estate | |||
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Listed by Walzel Properties - Conroe | $94,900 | |
| Listed by Walzel Properties - Conroe | |||
   | |||
|
Waterfront lot with private lake frontage in Lake Conroe Forest. This 12,214 SF homesite offers approximately 64 feet of water frontage on a quiet private lake, ideal for a custom home, weekend retreat, or long-term investment. Privacy fence east side and driveway with plenty of parking. The lot is high and dry (not in a floodplain) and zoned to Lake Creek High School in Montgomery ISD. Enjoy a low tax rate, low HOA fees, and natural gas availability. The neighborhood includes three private lakes, parks, and private boat launch access to Lake Conroe. Conveniently located just off Highway 105 on the south side of Lake Conroe with quick access to dining, shopping, and entertainment. Approximately 8 miles to I-45 and about 25 minutes to The Woodlands, offering an easy commute while enjoying a peaceful waterfront setting.
Build your vision and enjoy the balance of location, value, and lifestyle in Lake Conroe Forest.
| |||
Property Highlights
With View
Exterior Details
Waterfront Features: Lake Front
Lot Features: Waterfront, Build Line Restricted, Subdivision, 1/4 Up to 1/2 Acre, Other Lot Improvements
Lot Size Area: 0.2804
Lot Size Units: Acres
Lot Size Acres: 0.2804
Lot Size Square Feet: 12214.224
Water Source: Other
Financial Details
Tax Annual Amount: $647
Utilities Details
Sewer : Aerobic Required (not installed)
Location Details
HOA/Condo/Coop Amenities: Boat Slip, Clubhouse, Picnic Area, Playground, Sport Court, Pond
HOA Fee: $125
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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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: Yelitza Manrique, Step Real Estate
Last Updated: 2 months ago
Data Source: HAR , MLS# 50510364
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Last Updated: 2 months ago
Data Source: HAR , MLS# 50510364
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