Furnished Waterfront Rental
7037 Kingston Cove Lane, Willis, TX 77318
For Sale
Contact for pricing
An open kitchen, dining, and living area connects the condo’s principal gathering spaces.
Property Size1,780 SF
Price / SF$238.76
Days on Market8
Property Features for 7037 Kingston Cove Lane
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Highway Access
Multifamily Units
Amenities
pool
marina
boat ramp
tennis courts
basketball court
granite countertops
stainless steel appliances
breakfast bar
crown molding
recessed lighting
tile flooring
waterfront patio
Listing Agency:
Wendy Cline Properties Group
Listed By:
Wendy Cline · License TX #0561297
(281) 460-9360
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wendy Cline Properties Group
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Investment Insights
Based on property information with market context.
This furnished short-term rental condo offers 3 bedrooms, 2 full baths, and approximately 1,780 SF. Its open layout brings the kitchen, dining area, and living room together. Interior features include granite countertops, stainless steel appliances, a breakfast bar, crown molding, recessed lighting, and tile in the main living areas. Spacious bedrooms, generous closets, and a tub round out the interior. A waterfront patio looks toward Lake Conroe and the Seven Coves lighthouse, with sunset views.
Residents have access to a community pool, marina, boat ramp, tennis courts, and basketball court. I-45, shopping, and dining are also accessible from the property. The condo is furnished and presented as an income-producing short-term rental; rental rules and association requirements should be independently verified.
Residents have access to a community pool, marina, boat ramp, tennis courts, and basketball court. I-45, shopping, and dining are also accessible from the property. The condo is furnished and presented as an income-producing short-term rental; rental rules and association requirements should be independently verified.
Key Highlights
- Furnished condo with 3 bedrooms and 2 full baths
- Approximately 1,780 SF with an open kitchen, dining, and living arrangement
- Waterfront patio overlooks Lake Conroe and the Seven Coves lighthouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,703
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,060
$374.1K
Cap Rate 7%
$267,186
$267.2K
Cap Rate 9%
$207,811
$207.8K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$36.1K $20.28/SF
− Vacancy
−$2.1K −$1.18/SF
EGI
$34.0K $19.10/SF
− OpEx
−$15.3K −$8.60/SF
NOI
$18.7K $10.51/SF
Area
Montgomery County, TX
Vacancy
5.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,060
Cap Rate 7%
$267,186
Cap Rate 9%
$207,811
Alternative Uses
Best Use
Apartment 5plus
$267.2K
$233.8K – $311.7K
NOI $18,703 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.4K
$393.2K – $524.3K
NOI $31,456 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 77318, TX
17,518
Population
8,654
Households
2
Avg Household Size
44
Median Age
30%
College-Educated
91%
High-School Grad
37.0 sq mi
ZIP Area
473
Density / Sq Mi
$90,246
Median Household Income
$51,428
Median Earnings
$1,209
Median Rent
$288,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - An open kitchen, dining, and living area connects the condo’s principal gathering spaces.
Where is this short term rental property located?
The property is located at 7037 Kingston Cove Lane Willis, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Furnished condo with 3 bedrooms and 2 full baths; Approximately 1,780 SF with an open kitchen, dining, and living arrangement; Waterfront patio overlooks Lake Conroe and the Seven Coves lighthouse
