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Days109Days on Market
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$650,000

246 Peninsula Point Dr, Montgomery, TX, 77356

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,629 Sq Ft
price_per_sqft$179.11 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size18,000 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces1

Land Information

APN9486-02-03700
Lot Number32
SubdivisionWaterstone On Lake Conroe 02
Land UseResidential
Legal DescriptionS948602 - WATERSTONE ON LAKE CONROE 02, BLOCK 4, LOT 32
Census Tract694303
Assessed Land Value$153,000
Assessed Improvement Value$428,932
Assessment Year2025

About this property

This gorgeous 5 bed, 3.5 bath barely lived in home is ready for immediate move-in. Seconds after stepping into the impressive foyer you will decide that this is the one! The corner gas fireplace will lend aromatic warmth to living room gatherings, while a galley kitchen awaits your meal prep - SS appliances, Viatera countertops, spacious island, & crisp cabinetry complete the kitchen. For sanctuary from the day, the primary bedroom cannot be beat. The ensuite offers a soaker tub, separate shower & dual sinks. Also featured: sunroom, office, media room & game room. Why buy new when this seller as added iron fencing, a rv/electric charging plug 50 amp service, and a generator port to power the home from a portable generator. Step to the backyard & enjoy nature from the breezy covered rear porch. Downtown Montgomery's dining & shopping are just a short drive, while recreational opportunities can be found on Lake Conroe. Zoned to highly sought-after Montgomery ISD.

Investor Tools

$0Estimated Mortgage Balance
$644,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Kimberly Weddel

Texas United Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,502/month
$790/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,804
$581,932
2025
$153,000
$428,932
$581,932
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,804
$581,932

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$657,000
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: Montgomery

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