966 Jones Rd
About This Property
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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 31, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | Listed by Top Guns Realty on Lake Conroe | $530,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Experience country living at its best in this brand-new Frerichs Custom Home, nestled in the beautiful Jones Reserve community of New Waverly, Texas. This 1,889-square-foot single-story home sits on a 1.6-acre lot surrounded by rolling countryside and other custom estates. The open-concept floor plan features 4 spacious bedrooms, 2 full bathrooms, and a large 24’x22’ oversized garage—perfect for trucks, tools, or extra storage.
Step out onto the massive 12’x30’ covered back porch with a full outdoor kitchen and take in expansive views of the peaceful rural landscape. It’s the perfect setting for morning coffee and evening sunsets.
Enjoy the freedom of your own private water well, no city taxes, and light restrictions that preserve the serene country character. Located just 6 minutes from I-45 and 11 miles from H-E-B, Jones Reserve offers the ideal balance of tranquility and convenience in the highly rated New Waverly ISD, with a low property tax rate of only 1.62%.
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| Sep 20, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 24, 2025 | Listed by Top Guns Realty on Lake Conroe | $530,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Experience exceptional craftsmanship in this 1,850 sq ft custom home by Frerichs Homes, set on 1.6 acres in the sought-after Jones Reserve community in New Waverly, TX. Designed with an open-concept layout and soaring high ceilings, this home offers spacious, airy living perfect for everyday comfort and entertaining. The highlight of the home is the expansive 30'x12' covered back porch, complete with a full outdoor kitchen—ideal for enjoying quiet evenings or hosting guests in your private backyard retreat. With quality finishes throughout and room to expand with a barn, garden, or workshop, this Frerichs-built gem combines modern luxury with peaceful acreage living.
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| Apr 23, 2025 | Listed | $530,000 | |
| Listed | |||
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Experience the perfect mix of craftsmanship and country living in this 1,895 sq ft custom home by Frerichs Homes, a trusted builder known for high-quality, custom homes with energy-efficient design and premium materials. Located on 1.62 acres in Jones Reserve, an acreage homestead community in New Waverly, TX, this property offers self-sufficient living without sacrificing comfort or style.
Enjoy a private water well, open spaces for gardens and chickens, and a layout that blends function with fresh air. With over 15 years of experience, Frerichs Homes builds with integrity and lasting value in mind.
Jones Reserve offers a peaceful rural lifestyle with the support of a like-minded community, just minutes from I-45 and town conveniences.
Don’t miss your chance to own a Frerichs-built home in one of New Waverly’s most desirable new communities. Contact us today to learn more!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017