12608 Lazy Cove Dr, Willis, TX 77318

Turnkey Lake Conroe Retreat | $145,900 | Furnishings Available

MLS# 98504299 | Listed by Sean McFarlin, Lion Drive Realty

Photos: actual property. Interior updated since listing photos.

🏡 Single-Family

🛏️ 3 BR / 2 BA

💰 $145,900

📍 Montgomery County

Property Overview

Turnkey Lake Conroe Airbnb for sale. 12608 Lazy Cove Dr is a fully renovated 3-bedroom, 2-bath singlewide manufactured home sold as a Land + Home package (deeded lot included) in the Paradise Cove community on the north shore of Lake Conroe. Currently operating as an active short-term rental with a multi-year operating history at this address across Airbnb, VRBO, and Booking.com.

Renovated 2021: kitchen with quartz counters, open shelving, and coffee station; tile shower in secondary bath; master with tub/shower and double sinks; full PEX re-pipe; updated electrical panels (pole-side and interior breaker panel).

Outside: fully fenced backyard with mature trees, fire pit, covered patio with new roof, fish cleaning station with stone counter and slop sink in the storage shed. New metal skirting. 20 by 40 crushed concrete driveway. Paradise Cove POA grants community boat ramp access.

Furnishings: Everything in the house is available via a separate Bill of Sale for $14,900 – a truly turn-key STR investment. Leather sofa and living room chairs, 65 inch Smart TV, two king beds, bunk beds, kitchenware, linens, decor, BBQ grill, patio furniture. Move-in or rent-out ready from day one.

What conveys vs. what does not: The home, lot, capital improvements, and the existing professional photo set all convey at closing. Furnishings convey via the separate Bill of Sale if the buyer elects to purchase them. The active Airbnb, VRBO, and Booking.com platform listings (and their per-URL review history at those URLs) do not transfer with the sale – new owner creates fresh listings on each platform under their own host account. The property itself has a proven multi-year operating track record at this address that the new owner can lean on when re-listing, and the same professional photos can be re-used on the new listings.

Short-Term Rental Income Potential

An active Airbnb / VRBO / Booking.com short-term rental with a multi-year operating history at this address. Numbers below are owner-reported, normalized, and assume self-management (no third-party PM fees).

Headline Return - Cash Buyer, Full Package
10.7% Cap Rate
Trailing 12 month NOI ($17,124) divided by all-in package price ($160,800)
Package price = $145,900 home + $14,900 furniture Bill of Sale = $160,800. Priority is given to offers that take the full Land + Home + Furnishings package.
Gross yield on T12M revenue: 24.6% ($39,627 / $160,800)
Trailing 12 Mo. Revenue
$39,627
May 2025 - Apr 2026
Trailing 12 Mo. NOI
$17,124
Self-managed, normalized
Calendar Year 2025 Revenue
$35,813
Full year actuals
Year-to-Date 2026 Revenue
$18,606
Jan 1 - May 20, 2026

Why investors are looking at Lake Conroe STRs

  • Lake Conroe is one of Houston's top weekend lake destinations - drive-to demand from Houston, The Woodlands, Conroe, and the broader DFW / Austin corridor.
  • Sleeps 8 across two king bedrooms and a bunk room - hits the "small family plus couples weekend" demand band that books faster than 1-bedroom condos.
  • Community boat ramp access through the Paradise Cove POA - guests can launch a boat or kayak without driving to a public ramp.
  • Proven property at this address. The income shown above is real, recurring, and traceable to a multi-year operating history at 12608 Lazy Cove. Layout, finishes, photos, and Lake Conroe demand are all known winners.
  • Cash-friendly price point. At $145,900 the home is well within reach for cash buyers - many STR investors carry this kind of capital and prefer to skip the bank entirely. Specialty manufactured-home lenders are available if financing is preferred (see the financing section below).

Download the full income & expense statement (PDF)

Numbers shown are owner-reported. New owner results will depend on management approach, channel mix, calendar strategy, pricing, and seasonal demand. Full income & expense statement available to qualified buyers on request.

See the Live STR Listings

Verify the reviews, ratings, and booking calendar yourself across each channel. Listings convey to the new owner via the property's track record, not the URLs themselves - so the new owner will create fresh listings on their own host account post-close.

Financing a Singlewide Manufactured Home + Land

Singlewide manufactured homes have a smaller lender pool than site-built or doublewide homes (most FHA / VA programs require a doublewide). Cash and conventional both work for this property, and there are specialty lenders that fund this exact product type.

Cash + Conventional

At $145,900, cash buyers are the most common path for this product. Conventional portfolio loans through local credit unions or community banks (Texas Farm Credit, Capital Farm Credit, local Montgomery County banks) are also frequently used for singlewide-on-land. Per the MLS, both Cash and Conventional financing are accepted.

21st Mortgage

Largest US lender focused on manufactured / mobile home financing. Funds singlewide on owned land via 30-year Land + Home loans. No FHA / VA program underwriting required. Lends in 46 states including Texas.

Visit 21stmortgage.com

Triad Financial Services

Long-standing manufactured-home lender. Funds new AND pre-owned singlewide and doublewide units, including Land + Home packages. Underwrites manufactured homes with or without a permanent foundation.

Visit triadfs.com
FHA / VA note: FHA and most VA manufactured-home programs require a doublewide (the home must meet specific HUD foundation and floor-area standards). 12608 Lazy Cove is a singlewide, so those programs typically do not apply. The lenders above specialize in singlewide-on-land Land + Home financing. Sean is happy to make warm introductions to lenders he has worked with on similar properties.

Location & Lifestyle

12608 Lazy Cove Dr sits in the Paradise Cove community on the north shore of Lake Conroe, just minutes from boat ramps, marinas, and the Sam Houston National Forest. Willis ISD schools serve the address (Parmley Elementary, Lynn Lucas Middle, Willis High).

Drive times

  • ~5 min to FM 1097 boat launch and Lake Conroe
  • ~15 min to downtown Conroe and I-45
  • ~45 min to The Woodlands
  • ~1 hour 15 min to downtown Houston
  • ~20 min to Huntsville and Sam Houston National Forest

Whether you’re buying it as a primary residence, a weekend lake house, or to keep running as a short-term rental, Lake Conroe access plus a fully renovated turnkey home makes this a rare combination on the north shore.

Frequently Asked Questions

What is the cap rate on the full Land + Home + Furnishings package?

10.7% on the full package ($17,124 trailing-12-month NOI divided by the $160,800 package price - that's $145,900 for the home plus the optional $14,900 furniture Bill of Sale). The owner is prioritizing offers that take the entire package as a turnkey STR investment. Self-managed, no third-party PM fee assumed.

Do the Airbnb, VRBO, and Booking.com listings convey with the sale?

No. The platform listings (and their per-URL review history at those URLs) do not transfer. The new owner creates fresh listings on each platform under their own host account. The property's proven multi-year operating track record at this address, the existing professional photo set (which does convey), and the established Lake Conroe demand all carry over - so re-listing is not starting from scratch.

What financing options are available for a singlewide manufactured home with land?

Cash and conventional financing are both accepted per the MLS. Specialty manufactured-home lenders like 21st Mortgage and Triad Financial Services fund singlewide Land + Home packages with 30-year terms. FHA and most VA manufactured-home programs require a doublewide, so they typically do not apply to this property. Local credit unions and farm credit lenders (Texas Farm Credit, Capital Farm Credit) also offer manufactured-home portfolio loans.

How does the furniture transfer if I want to keep the home turnkey?

Furniture is sold via a separate one-page Bill of Sale at closing for $14,900. This is not included in the MLS list price. Buying the furniture is optional - if you elect to take it, the home is genuinely turnkey from day one: leather sofa and living room chairs, 65 inch Smart TV, two king beds, bunk beds, kitchenware, linens, decor, BBQ grill, and patio furniture all convey.

Is the property currently rented? How do showings work?

Yes, the property is an active short-term rental with current guests in residence. Showings are coordinated between guest stays and after cleaning turnover. Appointment required - contact Sean to schedule a window that works for both buyer and current guest calendar.

What is included in the Land + Home package and what are the property taxes?

The package includes the manufactured home (1,216 sq ft, 3 BR / 2 BA, built 1995, renovated 2021) plus the 5,937 sq ft deeded lot in the Paradise Cove subdivision. 2025 property taxes were $849 (Willis ISD tax rate 1.6652%). HOA dues are $100 per year through the Paradise Cove Community Improvement Association, with a $150 transfer fee at closing. POA membership grants community boat ramp access to Lake Conroe.

Interested in This Lake Conroe Airbnb?

Schedule a private showing or request more details about 12608 Lazy Cove Dr – an active Lake Conroe Airbnb / STR for sale at $145,900 (furnishings available via separate Bill of Sale for $14,900). Showings by appointment between guest stays.

📞 (832) 515-3872 | 📧 sean@seanmcfarlin.com

Request Property Info

Active short-term rental. Income and expense statement available to qualified buyers on request. Furnishings available via separate Bill of Sale.