$1,280,000 Last Listed Price
●
Land -
Off Market
9230 Lake Conroe Drive
Conroe, TX 77304
Studio
0 Bath
$6,983
Est. Monthly
About This Property
This property offers the rare opportunity to build your dream home
now or in the future with panoramic views of open water. A full,
one-acre lot with a 1050 sq ft cottage above the water and a 3 slip
boat dock beneath. This home is grandfathered in as homes are no
longer allowed to be built over the water! Enjoy your lake property
while you build by living on the premises or using it as a vacation
rental. The cottage could be used as a guest house after the main
home is complete. Bulkhead, well, septic, and one car garage with
finished space above are also on the property. Property has deep
water access and is over 5 feet deep at the end of the dock. The
main portion of the lot is well above the 208 ft requirement for
new builds on the lake which means NO FLOODING. Low property tax
(2.4%), no HOA fees, very limited deed restrictions. This lot will
accommodate a very large home and is surrounded by million-dollar
homes. The lot is 8 minutes from I-45 and 15 minutes from The
Woodlands.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$698
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 4 months ago (HAR #43741261)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Listed by Synergy Real Estate Professionals | $1,280,000 | |
| Listed by Synergy Real Estate Professionals | |||
| | |||
|
This property offers the rare opportunity to build your dream home now or in the future with panoramic views of open water. A full, one-acre lot with a 1050 sq ft cottage above the water and a 3 slip boat dock beneath. This home is grandfathered in as homes are no longer allowed to be built over the water! Enjoy your lake property while you build by living on the premises or using it as a vacation rental. The cottage could be used as a guest house after the main home is complete. Bulkhead, well, septic, and one car garage with finished space above are also on the property. Property has deep water access and is over 5 feet deep at the end of the dock. The main portion of the lot is well above the 208 ft requirement for new builds on the lake which means NO FLOODING. Low property tax (2.4%), no HOA fees, very limited deed restrictions. This lot will accommodate a very large home and is surrounded by million-dollar homes. The lot is 8 minutes from I-45 and 15 minutes from The Woodlands.
| |||
| Mar 15, 2024 | Price Decreased |
$1,280,000
↓ $110K
(7.9%) | |
| Price Decreased | |||
Show More
Property Highlights
With View
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Montgomery
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Michael Sproba, Synergy Real Estate Professionals
Last Updated: 4 months ago
Data Source: HAR , MLS# 43741261
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 4 months ago
Data Source: HAR , MLS# 43741261
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017