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Waterstone on Lake Conroe

Single Family Homes from the upper $300s • Montgomery, Texas

  • 152 Peninsula Point Drive 24
  • greatroom2-152 Peninsula Point Drive 5
  • ownerssuite1-152 Peninsula Point Drive 12
  • ownersluxurybath3optionb-152 Peninsula Point Drive 17
  • backyard3-152 Peninsula Point Drive 32

Waterstone on Lake Conroe

Single Family Homes from the upper $300s • Montgomery, Texas

  1. Home
  2. New Construction Homes
  3. Texas
  4. Montgomery
  5. Waterstone on Lake Conroe

Promotion

3.75% Rate Fixed for First 7 Years**

7/6 ARM — 3.75% (5.346% APR)

OR

Flex Cash Equivalent

On select homes sold and closed by January 30, 2026

Learn More

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Legal Disclaimers

Prices, availability, and specifications may change without notice. Lot and view premiums may apply, and availability is not guaranteed. This site makes use of licensed stock photography, artist renderings and may use artificial intelligence. Some photography and artist renderings may be used for illustrative purposes and contain structural options, furnishings or designer features that are not included as standard. Certain materials may be discontinued or substituted. Room dimensions may vary.  Please see a community Sales Consultant to learn how you can personalize your new home with optional features and upgrades. Amenity offerings may vary by community. Financial incentives including but not limited to rate buy downs, builder forward commitments (BFCs), special fixed interest rates and flex cash offerings are limited and may be discontinued without prior notice.  Please speak with a community Sales Consultant for details.

**Conventional 7/6 Adjustable Rate Mortgage ("ARM") Interest Rate starting at 3.75% (5.346% APR) (“Promotion”) valid on new home contracts entered as of 12/2/25-12/30/25 (“Promotion Period”) on select eligible Quick Move-in Homes (“QMI”) that close on or before 1/30/26. The advertised Annual Percentage Rate (“APR”) of 5.346% APR is based on a Conventional 7/6 ARM, 30-year fully amortizing term, with a Total Purchase Price of $475,000 and a loan amount of $380,000, 20% down payment and 780 median credit score. The initial starting interest rate is 3.75% for 84 months, (Maryland and Pennsylvania must qualify at the fully indexed Rate). After the initial period, the variable interest rate and payment may adjust every six months and equal the total of the 30-Day Average Standard Overnight Financing Rate (“SOFR”) index (3.999% as of 12/2/2025) plus a margin of 2.75%. The maximum change in the interest rate is up to 5% at the first adjustment, up to 1% every six months thereafter with a maximum lifetime adjustment of 5% (max life interest rate of 8.75%) and your payment will increase. Available for conventional conforming loan limits, owner-occupied only (minimum loan amount $225,000). Special Interest Rate Financing may change or not be available or funds may be exhausted at the time of loan commitment, lock-in or closing. This offer may change or be cancelled without prior notice. Promotion eligibility, buyer must: (1) pre-apply with KHAM by visiting K. Hovnanian American Mortgage, L.L.C. prior to offer; (2) and finance with KHAM; and (3) meet all other eligibility and closing requirements. Seller reserves the right to modify the above finance Promotion terms and/or Promotion Period at any time prior to contract. Buyer is not required to finance through KHAM however, Buyer must finance through KHAM to receive the finance Promotion. Interest rates and available loan products are subject to underwriting, loan qualification, and program guidelines. Credit scores/occupancy/property type can add additional buyer costs. Maximum seller contributions apply. Seller is not acting on behalf of or at the direction of HUD/FHA or the Federal government. Seller is not a lender. Offer and subject to all RESPA guidelines. This is not a commitment to lend. Buyer is subject to credit and underwriting qualifications, and investor program guidelines. Not available on all homes or in all communities or states. Cannot be combined with any other discounts, promotions, or incentives. Not all borrowers will qualify. Restrictions apply. See Sales Consultant for details. Services not available in all states. K. Hovnanian American Mortgage, L.L.C. NMLS #3259|3601 Quantum Boulevard, Boynton Beach, FL 33426 (www.nmlsconsumeraccess.org) | KHOVMORTGAGE.COM. Licensed by Arizona Department of Insurance and Financial Institutions. Lic. #906585. ©2026 K. Hovnanian Arizona New GC, LLC; ROC 188563. ©2026 K. Hovnanian Arizona New GC, LLC; ROC 277023. Licensed by California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Lic. #4130532. ©2026 K. Hovnanian California Operations, Inc. DRE license #01183847. Licensed by Delaware Office of the State Bank Commissioner to engage in business in this State. Lic. #7864 Expiration 12/31/2026. Licensed by Florida Office of Financial Regulation. Licensed by the Georgia Department of Banking and Finance #22272. Licensed by the Maryland Office of the Commissioner of Financial Regulation. Licensed by New Jersey Department of Banking and Insurance. Licensed by Ohio Division of Financial Institutions. Lic. RM.850228.000. Licensed by the Pennsylvania Department of Banking and Securities. Licensed by South Carolina Board of Financial Institutions. Mortgage Banker Registration issued by Texas Department of Savings and Mortgage Lending. Licensed by Virginia State Corporation Commission, Bureau of Financial Institutions Lic.#MC-2661. Licensed by the District of Columbia Department of Insurance, Securities and Banking. Licensed by the West Virginia Division of Financial Institutions. Where applicable, buying power estimates are based on calculation models from Associated Bank as of December 2025. Third-party website; not an endorsement. Equal Housing Opportunity.    

Promotion

3.75% Rate Fixed for First 7 Years**

7/6 ARM — 3.75% (5.346% APR)

On select homes sold and closed by January 30, 2026

OR

Flex Cash Equivalent

Learn More

Promotion

Why you’ll love living here:

Lakeside living is within reach at Waterstone at Lake Conroe, with picturesque landscapes throughout our maintained grounds.

  • Low Taxes

  • Open Floorplans

  • Lake

  • Walking Path

  • Premier Schools

  • Gated Community

Home of the Week

Captiva II C Captiva II C

Captiva II

  • 2,298 Sq ft
  • 2 Stories
  • 5 Beds
  • 3 Baths
  • 2 Cars

298 Peninsula Point Dr, Montgomery, TX, 77356 | Homesite 0044

Elegant Captiva II home has it all. Gourmet kitchen is a chef's dream with a walk-in pantry. One secondary bedroom located downstairs. Relax by the fireplace or outside under the covered back patio with scenic views. Grand owner's suite has a luxurious owner's bath and huge walk-in closet.

Available Now

Now

$399,958

$487,248

Available

Now

Schedule a Self-Guided UTour
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Tour Our Homes on Your Schedule

With UTour, you can schedule a private, self-guided tour at a time that works for you — even if a sales consultant isn't available. Simply choose a quick move-in home, click "Schedule a Self-Guided UTour," and reserve a time slot; once your UTour account is active, you'll receive a digital keypad code to unlock the home and tour it at your leisure. Booking a home tour has never been easier.

 


Devoted to building communities of excellence

K. Hovnanian®Homes is heir to a history of solid success, financial strength, award-winning standards of homebuilding quality and an authentic commitment to customer satisfaction

What our home buyers are saying
Gatlin Farrington PHX

"Everything from start to finish was great. As a first time homebuyer I could not have asked for a better team to help me out along the way."

Gatlin

Annemarie Pantazis SEC

"The sales staff, mortgage consultants and construction manager did a fantastic job explaining the process, keeping me informed of the progress, and delivering an absolutely beautiful home. I am extremely pleased with the entire process and the final product is stunning!"

Annemarie

Kerri Vean HOU

"The K. Hovnanian experience is one you won’t regret. No matter the circumstance, they really go the extra mile to get you in a home."

Kerri



Waterstone on Lake Conroe: New Homes for Sale in Montgomery, TX near Lake Conroe

Explore brand new construction homes at Waterstone on Lake Conroe and benefit from a low tax rate. In this master-planned community, choose from a variety of single-family new homes in Montgomery, TX. Experience the best of lake-life living within reach of breathtaking Lake Conroe. Beyond the welcoming gates, homeowners embrace the serene landscape throughout including tranquil walking paths, tennis and basketball courts, and well-maintained grounds throughout.

One of the unique features of Waterstone on Lake Conroe is our Extra Suite Plus option available on select homes. This innovative design concept is perfect for multi-generational living or those who simply desire additional space. Whether you're accommodating aging parents, adult children, or need a dedicated space for work or hobbies, our Extra Suite Plus provides the flexibility and privacy you need.

Offered By: K. Hovnanian of Houston II, L.L.C.

Sales Office: Opens today at 11:30 AM
  • Sunday
    11:30 AM to 5:30 PM
  • Monday
    9:30 AM to 5:30 PM
  • Tuesday
    9:30 AM to 5:30 PM
  • Wednesday
    9:30 AM to 5:30 PM
  • Thursday
    9:30 AM to 5:30 PM
  • Friday
    9:30 AM to 5:30 PM
  • Saturday
    9:30 AM to 5:30 PM

Call 888-807-0714

Why you’ll love living here:

Lakeside living is within reach at Waterstone at Lake Conroe, with picturesque landscapes throughout our maintained grounds.

  • Low Taxes

  • Open Floorplans

  • Lake

  • Walking Path

  • Premier Schools

  • Gated Community

  • Man with Daughter on dock at Lake

    Watch the Community Video

  • Mariposa Aegean ESP Living Room Farmhouse Palette 3 Level 2 Coastal Farmhouse

    Unique Features

    Waterstone at Lake Conroe presents a unique blend of modern interiors and functional design features for low-maintenance, lakeside living. Experience comfortable living with open-concept floorplans, convenient second-floor primary suites, and our innovative Extra Suite Plus—ideal for extended stay guests or multi-generational living. Situated on smaller homesites, each home is thoughtfully planned for style and easy upkeep throughout.

  • Boy kissing dog laying on grass

    Low Taxes

    On a budget? Owning a new home with low property taxes can reduce the overall costs and provide more financial flexibility. Whether you are a first-time buyer or downsizing, low property taxes can help with a lower payment as your home's value increases, leaving more money in your pocket for home upgrades, savings, and other investments. Discover your dream home and invest in your future today!

  • Person wake boarding on body of water

    Lakeside Living

    Embrace a day of sun-soaked bliss at Lake Conroe. Dock your boat or wave runner at Palms Marina, conveniently located just minutes from your residence, and enjoy seafood and classic American fare at Papa's on the Lake — or sample area cuisine from a wide range of local restaurants. Finish your day with a round of golf at one of the area's picturesque courses, set against the backdrop of Lake Conroe's serene beauty.

  • AssortedColor Lockers

    Exceptional Education

    The Montgomery Independent School District is home to a cluster of educational institutions catering to the diverse needs of the community — including Montgomery Elementary School, Montgomery Junior High School, and Montgomery High School. When it comes to higher education, Lone Star College's Conroe and Montgomery campuses provide a diverse curriculum and educational offerings.

    Learn More about Montgomery ISD
  • Yellow Round Flowers on Branches

    Area Attractions

    Life in Montgomery offers a close-knit community living experience with easy access to local attractions suitable for all ages. Residents can spend the day splashing around at Conroe Aquatic Park or Big Rivers Waterpark and Adventures, enjoy a summer picnic with friends, or go biking or birdwatching on a scenic nature trail.

Ready to move in sooner?

6 Quick Move-in Homes Available

  • See What's Included
    Waterstone on Lake Conroe Andrew Andrew A Level 1

    Andrew A

    Andrew

    • 3,321 Sq ft
    • 2 Stories
    • 3 Beds
    • 3.5 Baths
    • 2 Cars

    140 Peninsula Point Dr, Montgomery, TX, 77356 | Homesite 0007

    Available Now
    Promo Rate 3.75% (6.476% APR)*

    Estimated payment

    $3,312/mo.

    Current total price

    $549,000

    $600,284

    See What's Included
  • See What's Included
    Captiva II C Captiva II C

    Captiva II C

    Captiva II

    • 2,298 Sq ft
    • 2 Stories
    • 5 Beds
    • 3 Baths
    • 2 Cars

    298 Peninsula Point Dr, Montgomery, TX, 77356 | Homesite 0044

    Available Now

    Estimated payment

    $2,901/mo.

    Current total price

    $399,958

    $487,248

    See What's IncludedSchedule a Self-Guided UTour
  • See What's Included
    Waterstone on Lake Conroe Sloane II Sloane II A with stone

    Sloane II A

    Sloane II

    • 2,485 Sq ft
    • 2 Stories
    • 3 Beds
    • 3.5 Baths
    • 2 Cars

    294 Peninsula Point Dr, Montgomery, TX, 77356 | Homesite 0043

    Available January 2026

    Estimated payment

    $3,605/mo.

    Current total price

    $499,680

    $554,100

    See What's Included

Devoted to building communities of excellence

K. Hovnanian®Homes is heir to a history of solid success, financial strength, award-winning standards of homebuilding quality and an authentic commitment to customer satisfaction

  • A Good Home Is the Foundation for a Good Life

    Home is a place where we can be our truest selves, and create a space that's uniquely ours. It's where we dream, play, learn, and share our lives with the ones we love. For many of us, our home is where we spend the majority of the 24 hours in our day, and the way its spaces are designed has a fundamental impact on how we feel. That's why at K. Hovnanian, we believe it's essential for your home to reflect who you are, and how you live —from our range of open layouts that bring people together, to our polished Looks interiors that create an atmosphere where you can thrive and grow.

  •  USP card image 3 Generations Nov 25 Alexander as President
    Trust in Three Generations of Homebuilding

    At K. Hovnanian, everything we do comes back to family. When our founder, Kevork Hovnanian, came to the US over 65 years ago and set out to start a company, he began with one uncompromising principle – that every buyer has the right to a well-built, beautiful home. Guided by the leadership of Kevork’s son Ara (joined 1979) and grandson Alexander (joined 2008), we’ve built on that foundational principle ever since, as we combine the personal touch of a family business with the transparency of a publicly traded corporation, and balance pride for our past with excitement for the future. Though we were saddened by Kevork’s passing in 2009, we continue to honor his legacy – as we build homes to fit the needs of you and your loved ones, and welcome new homeowners to the K. Hovnanian family

  • Touch Grass
    Environmental Impact

    Everywhere we build, we strive to be conscious of our impact on the community and the planet. That's why we continually seek features that optimize the energy efficiency of our homes, while also improving their performance, maintenance costs, comfort, and durability. It's a win-win for customers, and our environment. In 2023, we were proud to receive two United States Department of Energy (DOE) Housing Innovation Awards, and we're committed to building on our progress, as we look ahead to the future and potential of sustainable construction.

    Learn More
  • Corporate Responsibility

    As a company built on dedication and purpose, we have a long and deeply rooted history of corporate responsibility. In fiscal year 2023, we delivered over 1,000 homes through our urban renewal and development projects, planted or preserved over 50,000 trees, and slashed waste by streamlining our framing practices and national plan portfolio. We're committed to fostering a inclusive, diverse workforce, and our Board of Directors embrace the highest standards of integrity, accountability, and ethics —the same values we uphold every day, when we build homes that are impeccable down to the smallest detail.

    Learn More
  • Giving Back

    Giving back is a core value of both the Hovnanian family and K. Hovnanian Homes, as we strive to make a positive impact in all of our communities. We're proud to support a range of causes, including education, disaster relief, food banks, and the K. Hovnanian Children's Hospital, which was renamed from the Jersey Shore University Medical Center in 2006 after Kevork Hovnanian made the largest donation the hospital had ever received. We've also partnered with organizations like Habitat for Humanity and HomeAid Orlando to build homes for families in need.

    Learn More
  • Homebuying Made Easy with K. Hovnanian

    We believe that buying a new-construction home shouldn't be complicated, costly, or confusing. From the day you first start browsing homes to the day you move in, our talented team of architects, designers, sales consultants, community construction managers, financing experts, and more ensure that you're taken care of every step of the way. Starting your next chapter in the perfect home has never been easier.


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