50
Map
$999,999
↓ $50K (4.8%)
●
Land -
For Sale
9239 Lake Conroe Drive
Conroe, TX 77304
Studio
0 Bath
$5,306
Est. Monthly
About This Property
OPEN HOUSE SATURDAY 7/25 12-2PM! RARE opportunities like this
define Lake Conroe waterfront living! Spanning approximately 1.57
acres & open-water frontage, this exceptional property offers the
perfect setting to enjoy the lake today while planning your custom
waterfront estate. The existing barndominium features approximately
1060 square feet of MOVE-IN READY living space equipped with 1.5
baths, laundry connections & a full kitchen, an expansive
woodworker's workshop dream, dedicated RV space inside, ideal as a
weekend retreat, full-time residence while you build, or future
guest quarters. The generous homesite offers room for a luxury
custom home addition, with a pond & covered boathouse & boat lift
already in place. Enjoy boating, fishing, and breathtaking
open-water views, all with a low 1.99% tax rate, no HOA, & limited
deed restrictions. Conveniently located 8 minutes from I-45 & 20
minutes from The Woodlands, with endless possibilities!
Unit Size
-
Days on Market
-
Land Size
1.57 acres
Price per sqft
-
Property Type
Land
Property Taxes
$395
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: 10 days ago (HAR #49842168)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$999,999
↓ $50K
(4.8%) | |
| Price Decreased | |||
| Aug 19, 2026 | Price Decreased |
$1,050,000
↓ $45K
(4.1%) | |
| Price Decreased | |||
| Jul 23, 2026 | Listed by Berkshire Hathaway HomeServices Premier Properties | $1,095,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
| Jul 4, 2026 | Listed by Berkshire Hathaway HomeServices Premier Properties | $1,095,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
   | |||
|
RARE opportunities like this define Lake Conroe waterfront living! Spanning approximately 1.57 acres & open-water frontage, this exceptional property offers the perfect setting to enjoy the lake today while planning your custom waterfront estate. The existing barndominium features approximately 900 square feet of MOVE_IN READY living space equipped with 1.5 baths, laundry connections & a full kitchen, an expansive woodworker's workshop dream, dedicated RV space inside, ideal as a weekend retreat, full-time residence while you build, or future guest quarters. The generous homesite offers room for a luxury custom home addition, with a pond & covered boathouse & boat lift already in place. Enjoy boating, fishing, and breathtaking open-water views, all with a low 1.99% tax rate, no HOA, & limited deed restrictions. Conveniently located 8 minutes from I-45 & 20 minutes from The Woodlands, this is a rare opportunity to own a premier Lake Conroe waterfront property with endless possibilities!
| |||
Property Highlights
With View
Exterior Details
Waterfront Features: Lake Front, Pond, Bulkhead
Other Structures: Boat House
Lot Features: Cul-De-Sac, Waterfront, Cleared, 1 Up to 2 Acres
Lot Size Area: 1.5728
Lot Size Units: Acres
Lot Size Acres: 1.5728
Lot Size Square Feet: 68511.168
Water Source: Well, Well
Financial Details
Tax Annual Amount: $4,745
Utilities Details
Sewer : Aerobic Septic, Aerobic Septic
Comparables
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ft²
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HOA + Taxes
About Montgomery
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Listed by: Brandi Jackson, Berkshire Hathaway HomeServices Premier Properties
Last Updated: 10 days ago
Data Source: HAR , MLS# 49842168
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Last Updated: 10 days ago
Data Source: HAR , MLS# 49842168
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