Incredible opportunity for commercial or residential development in one of the fastest-growing areas of North East Montgomery County!
This expansive 40+ acre property is ideally located adjacent to the thriving Tavola Subdivision, offering a mix of open space and partially wooded acreage with mature trees—perfect for a wide range of development possibilities. 400-amp electric service and septic system already on site. Aragoste Parkway (from Roman Forest) dead-ends into the northern portion of the property. Just minutes from 99/Grand Parkway and FM 1485, offering excellent connectivity and visibility. Surrounded by ongoing residential and commercial growth this property presents a unique opportunity for developers, investors, or builders looking to capitalize on the rapid expansion in this sought-after region. Don’t miss your chance to secure this rare parcel with prime location and existing infrastructure!
***Note the 40 acres consists of 3 tax ID tracts***
Lot/land
$3,000,000
24897 Rainbow Ln, New Caney, TX 77357
--beds
0baths
40.02Acres
Unimproved Land
Built in ----
40.02 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Existing infrastructureMature trees
- 289 days |
- 30 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Trisha Hegemeyer TREC #0791614 936-788-3305,
Top Guns Realty on Lake Conroe
Source: HAR,MLS#: 77227137
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: Fenced
Lot
- Size: 40.02 Acres
- Features: Level, Wooded, 20 Up to 50 Acres, Cleared
Details
- Additional parcels included: 5090000319,R52529
- Parcel number: 231135
Utilities & green energy
- Sewer: Septic Tank
- Water: Water District
- Utilities for property: Gas Availability Unknown, Cable Unknown, Electricity Available
Community & HOA
Location
- Region: New Caney
Financial & listing details
- Tax assessed value: $148,860
- Annual tax amount: $3,387
- Date on market: 9/27/2025
- Listing terms: Cash,Conventional,Investor,Texas Veterans Land Board
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,347/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2025 | Price change | $3,000,000-42.3% |
Source:  HAR #77227137 Report a problem | ||
| 1/31/2025 | Listed for sale | $5,200,000+31.6% |
Source: HAR #29566526 Report a problem | ||
| 3/18/2024 | Listing removed | -- |
Source: HAR #41009393 Report a problem | ||
| 9/8/2023 | Price change | $3,950,000-24% |
Source: HAR #41009393 Report a problem | ||
| 3/17/2023 | Listed for sale | $5,200,000+30% |
Source: HAR #41009393 Report a problem | ||
| 2/21/2023 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 1/24/2023 | Listed for sale | $4,000,000 |
Source: HAR #67577740 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,439 +1.5% | $148,860 |
| 2024 | $3,387 +1.1% | $148,860 -0.1% |
| 2023 | $3,351 | $148,990 0% |
| 2022 | -- | $149,000 +24.1% |
| 2021 | $3,120 -62.4% | $120,070 -61.3% |
| 2020 | $8,289 +139.5% | $310,000 +152% |
| 2019 | $3,461 -5.7% | $123,040 -0.3% |
| 2018 | $3,669 -1.4% | $123,360 -0.3% |
| 2017 | $3,723 -2.9% | $123,670 -0.3% |
| 2016 | $3,832 +42.6% | $123,990 +34.2% |
| 2015 | $2,687 | $92,370 +6.7% |
| 2014 | $2,687 | $86,580 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 77357
Nearby schools
GreatSchools rating
- 5/10Tavola Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 2/10Keefer Crossing Middle SchoolGrades: 6-8Distance: 4.4 mi
- 3/10New Caney High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Tavola Elementary School (New Caney)
- Middle: Keefer Crossing Middle School
- High: New Caney High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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