3 Lacewing Pl — Buy the Location. Create the Value.

Grogan's Point, The Woodlands · Property Opportunity

Buy the Location. Create the Value.

A 1.19-acre Grogan’s Point estate with the space, setting and amenities that are nearly impossible to recreate — priced for the buyer willing to see beyond the finishes.

$1.25M

Asking

9,017

Sq Ft

1.19

Acres

Yes

Pool & Spa

Yes

Tennis Ct

Yes

Guest House

Why This Property Is Interesting

The things that matter most can't be added later.

Land You Can’t Recreate

1.19 private wooded acres in prestigious Grogan’s Point — a mature, established setting that can no longer be subdivided or reproduced in The Woodlands.

Westbrook-Built Estate

A 1990 Westbrook-built home with timeless character: soaring ceilings, skylights, two staircases, a balcony and five fireplaces behind a gated porte-cochere entrance.

9,000+ Sq Ft of Improvements

Roughly 7,170 sq ft in the main residence plus a 1,847 sq ft structure with a guest house, casita/entertainment space and two-story storage/laundry.

Resort-Style Amenities

Pool and spa, covered patios, an outdoor kitchen overlooking the fountain, and a private basketball/tennis court — amenities that would cost seven figures to build new today.

Value-Add Condition

Strong bones and amenities, but portions of the interior would benefit from modernization — exactly where a buyer can create value on a premier lot.

You can remodel finishes. You cannot manufacture mature trees, acreage and location.

Potential Market Benchmarks

What have similar Grogan's Point homes commanded?

These are potential market benchmarks — not a formal appraisal. They illustrate how renovated, similar-vintage or similar-acreage homes in the area have been valued. Admin can update these with verified figures.

Value Scenarios

Model your all-in basis and potential equity.

Edit each scenario's purchase and renovation, then enter what you believe the renovated home could be worth. These are hypothetical projections — never a guarantee of appreciation or profit.

Your Estimated Renovated Value

What do you believe this home could be worth fully renovated?

$

Lighter-touch refresh

Conservative Renovation

Purchase
$
Renovation
$
All-In Basis$1,500,000

Potential Equity

+$550,000

36.7% of all-in basis

Balanced update

Moderate Transformation

Purchase
$
Renovation
$
All-In Basis$1,650,000

Potential Equity

+$400,000

24.2% of all-in basis

Top-to-bottom redesign

Full Luxury Transformation

Purchase
$
Renovation
$
All-In Basis$1,850,000

Potential Equity

+$200,000

10.8% of all-in basis

Positive equity is shown for illustration only. Markets shift, renovation costs vary, and no projection here guarantees a future sale price.

Currently Available

Similar Homes in Grogan's Point, The Woodlands

Other properties on the market nearby — for context, comparison, or a turnkey alternative.

Buy the Location

Why Grogan's Point, The Woodlands Holds Its Value

The Woodlands isn't just a suburb — it's a 28,000-acre master-planned community designed from day one for long-term value. Limited land, top-rated schools, and a built-in base of corporate relocation buyers make it one of Houston's most resilient resale markets — which is exactly the case for buying the location and creating the value yourself.

~7%/yr

Steady Appreciation

The Woodlands median home values have appreciated roughly 7% annually over the past decade — consistently outpacing the broader Houston metro.

A+

Top-Rated Schools

Served by Conroe ISD and Tomball ISD, with multiple exemplary-rated campuses. Strong schools drive long-term, dependable resale demand.

151 parks

Parks & Trails

A true master-planned community: 151 parks, 220+ miles of hike-and-bike trails, and seven championship golf courses — amenities that protect home values.

ExxonMobil

Corporate Hub

Home to the ExxonMobil campus and dozens of Fortune 500 offices — a built-in base of high-earning relocation buyers that keeps demand steady.

Below avg

Faster Resale

Well-priced Woodlands homes routinely go under contract faster than the Houston average, anchored by steady demand and limited new inventory.

0%

No State Income Tax

Texas levies no state income tax — keeping more of your income working for you and your next investment.

Figures are approximate and provided for illustration only. Verify current market data before making any investment decision.

Your Move

Would You Buy the Finished House — or Create It Yourself?

The opportunity here isn’t simply buying a large house. It’s acquiring acreage, privacy and a premier Woodlands location, then deciding how much — or how little — you want to change.

Your calculator scenario (purchase price, renovation scope, all-in basis and projected equity) is saved with your request so Jeff can see exactly what you were evaluating.

Important Disclosures

  • —Comparable properties are presented as potential market benchmarks and are not a formal appraisal.
  • —Renovation costs are estimates and vary based on contractor, scope, materials and unforeseen conditions.
  • —Estimated renovated values and potential equity are hypothetical scenarios, not guarantees.
  • —Buyers should conduct inspections, obtain contractor estimates and consult appropriate financial professionals before making a purchase decision.