731 Martin Luther King Jr Dr, Montgomery, TX, 77356
About This Home
Rare opportunity to purchase two homes on approximately 2 acres in the heart of Historic Montgomery! This offering includes 731 and 729 Martin Luther King Jr. Blvd. and must be sold together. Each property sits on approximately one acre and includes an existing home ready for a complete renovation. Whether you're looking to create a multi-generational family compound, investment property, rental opportunity, or restore both homes into charming residences, the possibilities are endless. Enjoy mature trees, open space, and a peaceful setting just minutes from Historic Downtown Montgomery, local shopping, restaurants, schools, and Lake Conroe. Bring your vision and transform this unique property into something truly special. Properties are being sold together as one package . Endless possibilities: Family Compound, investment Opportunity,Weekend Retreat, Boutique Vacation Rentals, Bed and Breakfast Concept, or Artist Retreat or Studio Don't miss this one!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Foundation: Pillar/Post/Pier
- Roof: Metal
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Window Unit
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 912
- Total interior livable area: 912 sqft
Primary Bedroom
- Level: First
- Area: 100
- Dimensions: 10x10
Property
Details
- Parcel number: 429161
Features
- Stories: 1
Lot
- Lot size: 2 Acres
- Features: Cleared,1 Up to 2 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Drought
- Lightning
- Tornado
- Cold Wave
- Hurricane
- Heat Wave
- Ice Storm
- Strong Wind
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $217 | $2,604 |
| Property Taxes | $454 | $5,448 |
| Electricity | $238 | $2,859 |
| Total | $2,299 | $27,588 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Price change | $175,000 |
| 2026-07-30 | Listed for sale | $275,000 |
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