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118 Summit Dr

New Waverly, TX 77340
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1.00 Lot Acres
Lots

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Description

1 ACRE > PREMIUM SQUARE HOMESITE > BACKS TO RESERVE > PRIVATE, PEACEFUL SETTING A rare opportunity to own one of the most desirable lot layouts in The Estates—this nearly perfect square 1-acre property offers unmatched versatility for a luxury custom home. The rear of the property opens to a reserve, creating a quiet, uninterrupted natural backdrop that enhances both privacy and long-term appeal. Close to the entrance, community clubhouse and stocked lake. With plenty of space for a pool, guest casita, gardens, or workshop, this homesite is designed for those who want to build without compromise. Enjoy underground electric, central water, and fiber internet in a scenic, wooded community just minutes from I-45 and the amenities of The Woodlands and Lake Conroe.

MLS#
7141763
List Price
$144,900
Listing Status
For Sale
Address
118 Summit Dr
City
New Waverly
State
TX
Zip Code
77340
County
Walker County
Subdivision
Texas Grand Ranch Sec 1
Legal Description
ESTATES OF TEXAS GRAND RANCH SEC 1, BLOCK 1, LOT 28, ACRES 1
Property Type
Lots
Lot Size
1.00 Lot Acres/Appraisal District
LP / Acre
$144,900 / Acre
Maintenance Fee
$595 / Annually
Market Area

Financial information

Financing Considered
Cash Sale, Conventional, Texas Veterans Land Board, USDA Loan, VA
Other Fees
Yes / 175 / Transfer
Maintenance Fee
Yes / $595 / Annually
Maint Fee Includes
Clubhouse
Taxes w/o Exemp
$129/2025
Tax Rate
1.6184

Extra details you may need to know

HOA Mandatory
Yes
List Type
Exclusive Right to Sell/Lease

Exterior

Lot Description
Greenbelt, Interior, Subdivision, Wooded
Cable
Available
Water Sewer
Aerobic Required (not installed), Public Water
Phone
Available
Electric
Electric Available
Gas
Gas Not Available

Lot Information

Lot Size
1.00 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Listing Broker

Information source

Houston Association of REALTORS®
Source last updated May 04, 2026 at 04:17 PM
Listing last updated May 03, 2026 at 04:06 PM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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