24897 Rainbow Ln, New Caney, TX 77357
Property image
Property image
FOR SALE
40.02 ACRES

24897 Rainbow Ln
New Caney, TX 77357

    $3,000,000

    Est. Mortgage $19,778/mo*

    $3,000,000

    Est. Mortgage $19,778/mo*
    (on 40.02 acres)

    Home Highlights

    Listed
    180+ days ago

    Local Information

    • Map ViewExplore the area around 24897 Rainbow Ln.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    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***
    Last check for updates: about 5 hours ago
    Listing courtesy of Trisha Hegemeyer TREC #0791614, (936) 788-3305
    Top Guns Realty on Lake Conroe
    Source: HAR, MLS#77227137
    Also Listed on HAR.

    Home Details for 24897 Rainbow Ln

    Interior Features

    Appliances & Utilities
    Utilities: Gas Availability Unknown, Cable Unknown, Electricity AvailableTelephone: Unknown

    Exterior Features

    Exterior Home Features
    Fencing: FencedNo Private Pool
    Parking & Garage
    No CarportNo Garage
    Frontage
    Road Surface Type: Asphalt
    Water & Sewer
    Sewer: Septic Tank

    Days on Market

    Days on Market: 180+

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not a New ConstructionHas Additional Parcels
    Property Information
    Parcel Number: 231135Additional Parcels Description: 5090000319, R52529

    Price & Status

    Price
    List Price: $3,000,000

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: New Caney
    School Information
    Elementary School: Tavola Elementary School (New Caney)Jr High / Middle School: Keefer Crossing Middle SchoolHigh School: New Caney High SchoolHigh School District: 39 - New Caney

    Agent Information

    Listing Agent
    Listing ID: 77227137

    Lot Information

    Lot Area: 40.018 Acres

    Offer

    Listing Terms: Cash, Conventional, Investor, Texas Veterans Land Board

    Miscellaneous

    Mls Number: 77227137

    What Locals Say about New Caney

    At least 29 Trulia users voted on each feature.
    • 90 % Say car is needed

    • 86 % Say yards are well-kept

    • 85 % Say it's dog friendly

    • 78 % Say parking is easy

    • 75 % Say it's quiet

    • 67 % Say kids play outside

    • 65 % Say people would walk alone at night

    • 61 % Say there's wildlife

    • 57 % Say there's holiday spirit

    • 54 % Say neighbors are friendly

    • 52 % Say they plan to stay for at least 5 years

    • 32 % Say streets are well-lit

    • 24 % Say there are sidewalks

    • 21 % Say there are community events

    • 19 % Say it's walkable to grocery stores

    Sourced by Trulia users. Learn more about our methodology.
    • Trulia User
      "New Caney has its safe places and it’s not so safe places. With a new development it has increasingly become more of a place that is safer rather than it used to be. New Caney has many different activities to do, but I will say that their schools may not be the best"
    • Leticia3016
      "We have food trucks and restaurants and community events. Many neighbors gather together for food and drinks "
    • Mustaff.hashim
      "Safe neighborhood with friendly neighbor, we love it, school is fairly good. Close ride to the highway. About 3 miles away from good plaza that has a lot of restaurants and business. "
    • Carla
      "We've lived in this neighborhood for 7 yrs and we love it. This is not the neighborhood for those that like cookie cutter style subdivisions with houses so close you can practically touch the next house from your window. Every house is unique, ranging from over $600k to as low as $75k, each with its' own unique style, whether it is awkward looking to traditional to beachy to contemporary or modern. Every house has at a minimum an acre or more, it is quiet, peaceful, like a getaway, yet close enough to the highway so quick access to everywhere else. The neighbors are all very nice, friendly, and don't twice about offering assistance. Seeing families walking, running, biking, rollerblading, golf carting, and ATVing throughout the day because it is safe. Whether passing in a car or on foot, everybody waves at each other. We are all racially diverse, every race and ethnicity represented, yet we are all the same that we like our community to remain small, our township government to stay small, and freedom to do what we want with our properties, whether it is to junk it up or keep it beautifully tighty. We want our "
    • Carla
      "this is a quiet and private neighborhood. people stay out of other's business and people that live here wants it that way. "
    • Tinkerbelleblair
      "our neighborhood is spacious as everone has at least a half acre of land, most are 3/4 lots and plenty have 2 lots combined. it is the best neighborhood ever for bicycling and we have a creek that ryns through it"
    • Daysheredia
      "Schools are very good. The District ia small enough to be able to make a difference. new development is bringing a lot of new retailers. "
    • Jackie d.
      "I live here for 6 years i basically grew up here and everyone around is nice. The schools are great and the stores aint that far frim here"
    • Mayra87anul
      "have only lived here 7months and i love it its peaceful and quiet neighbors wave and keep to there self "
    • Brandy M. P. A.
      "Getting over crowded, so glad we have great law enforcement officers. water wells instead of city water"
    • Pamela L. M.
      "Neighbors who are helpful and friendly but not overly intrusive. We band together when we can help each other out. "
    • Pamela L. M.
      "It’s an ok neighborhood. Folks seem friendly and kind when you meet on the street. Taxes have increased a lot in the last 3 years. "
    • Cheryl W.
      "This is the greatest area closest to Houston for work! Traffic flow is great, even with construction on the 59/69 and Grand Parkway 99. I wouldn't live anywhere else...and I was born & raised in Houston, Tx off of Ella Blvd. & 610. I have seen it all! This area is the place to be!"
    • Codersam
      "I have lived in this area for 30 years and it DEFINATELY is not a poor area. There are sections in New Caney that are, however the Woodway Forest sub division is a great place to live. I have NEVER had any issues in this area and have NEVER been flooded. Just take a drive around the area and see for your self. You people shouldn't talk about what you don't know about! GIVE ME A BREAK!"

    Market trends in New Caney

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $256K
    $833
    MoM
    Sale-to-List Price
    98.3%
    0.1%
    MoM
    Price per sq ft
    $139
    $0
    MoM
    Available listings
    244
    8
    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    3.26
    Lot/Land
    -
    05/04/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    0.15
    $259,990
    4
    2.5
    2,229
    For Sale
    0.14
    $225,000
    3
    2
    1,350
    For Sale
    0.27
    $172,000
    3
    2
    1,298
    For Sale
    0.28
    $281,600
    3
    2
    1,792
    Off Market
    0.23
    $324,700
    4
    2.5
    2,289
    For Sale
    0.23
    $245,000
    4
    2
    1,500
    For Sale
    0.27
    $216,000
    3
    2
    1,230
    For Sale
    0.28
    $259,900
    4
    2.5
    1,861
    For Sale
    0.26
    $278,000
    4
    2.5
    2,310
    For Sale
    0.26
    $214,000
    3
    2
    1,230
    For Sale
    0.28
    $265,000
    4
    2.5
    2,278
    For Sale

    Price and Tax history

    DateEventPrice
    Sep 27, 2025
    Source: HAR #77227137
    PriceChange
    $3,000,000
    Price decreased by 42%
    Jan 31, 2025
    Source: HAR #29566526
    Listed For Sale
    $5,200,000
    Mar 18, 2024
    Source: HAR #41009393
    ListingRemoved
    Sep 8, 2023
    Source: HAR #41009393
    PriceChange
    $3,950,000
    Price decreased by 24%
    Mar 17, 2023
    Source: HAR #41009393
    Listed For Sale
    $5,200,000

    LGBTQ Local Legal Protections

    Trisha Hegemeyer, Top Guns Realty on Lake Conroe
    Agent Phone: (936) 788-3305
    Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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    Frequently asked questions about 24897 Rainbow Ln

    • How big is 24897 Rainbow Ln?
      24897 Rainbow Ln in New Caney, TX is about 40 acres.
    • What is the price per acre for 24897 Rainbow Ln?
      24897 Rainbow Ln in New Caney, TX is listed at $3,000,000, or about $75K per acre.
    • What do residents say about New Caney?
      Residents describe New Caney, TX as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See homes for sale in New Caney, TX.
    • What are the closest schools to 24897 Rainbow Ln?
      The closest schools to 24897 Rainbow Ln in New Caney, TX are Keefer Crossing Middle School (rated 2/10), New Caney High School (rated 3/10), Tavola Elementary School (Pre-K, rated 5/10).
    24897 Rainbow Ln, New Caney, TX 77357 is a lot/land. This property is currently available for sale and was listed by HAR on Sep 27, 2025. The MLS # for this home is MLS# 77227137.