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$94,000

168 Great Plains Way, New Waverly, TX, 77358

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1 acre

Land Information

APN71153
Lot Number33
SubdivisionDeer Forest Subdivision
Land UseResidential
Legal DescriptionDEER FOREST SUBDIVISION, BLOCK 3, LOT 33, ACRES 1.
Census Tract790200
Assessed Land Value$80,000
Assessment Year2025

About this property

Are you looking for a serene spot to build? If so you should drive out and come enjoy this beautiful piece of land with tons of potential. This lot sits at one of the highest points in the highly sought after Deer Forest Neighborhood. This 1 acre lot is located in New Waverly, Texas- just 20 minutes north of the Woodlands, 10 minutes to I-45 as well as a short drive to Lake Conroe and the Sam Houston National Forest. This spacious lot located at an elevation of 457’, per the seller, is high and dry with no flooding even during recent heavy rains.The topography is completely level which allows the perfect foundation for your dream home. Across the street you will find a fire hydrant to help with insurance premiums, along with the availability of High Speed Fiber Optic Internet and Underground Power. The area boasts bLow taxes, no mud tax and no build time restrictions make this the perfect investment for your future!

Investor Tools

$0Estimated Mortgage Balance
$87,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$564 /month
Positive
Cash Flow Estimate:
$188 /month

Interested in this property?

Deborah Phillips

LPT Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$167/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,564
$80,000
2025
$80,000
N/A
$80,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,564
$80,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$87,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: New Waverly

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