3 Strawberry Ln Montgomery, TX 77356
This exceptional 3.5356-acre property on Lake Conroe presents a unique redevelopment opportunity. Situated on a picturesque peninsula, it boasts over 1,300 linear feet of stunning waterfront, offering breathtaking views. The property includes 2.5055 deeded acres and a 1.03-acre waterfront perpetual easement (with an option to purchase). Three existing homes (3,504 sq ft, 1,810 sq ft, and 1,688 sq ft) provide immediate income potential or a foundation for a larger project. The location is highly desirable, nestled between Conroe and Montgomery, Texas, with convenient access to Interstate 45 via Highway 105. Infrastructure is in place, with water and sewer services provided by a water district and a private well available for irrigation. This prime location, combined with the expansive waterfront and existing structures, creates an unparalleled opportunity for high-end residential development or a unique luxury destination. The property's APN is 250754, 30388, and the address is 3, 4, 5 Strawberry Ln, Montgomery, TX 77356. This is a rare chance to acquire a significant piece of Lake Conroe real estate with exceptional development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.