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8884 Neighborly Way, Montgomery, TX, 77316

5beds
6baths
3,926sqft
$747,990
$191price/sqft
$5,601/moest. monthly cost
$224,040/yrincome needed

About This Home

Beautiful 2 Story home located in Two Step Farm, a serene new community in Montgomery, Texas. This home has 5 bedrooms, 5 full bathrooms, 1 half bath, Study, Entertainment Room, Game Room and 3 car garage. This home features a fireplace, high ceilings and an open floorplan. This vibrant neighborhood features an amphitheater, a lively dance hall, a delightful goat farm, and a cozy farm café shop. Zoned to Montgomery ISD and surrounded by nature, Two Step Farm is a breath of fresh air, celebrating the past while embracing the future.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

9/10
7/10
7/10
Magnolia High SchoolGrades 9-125.0 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick

Other

  • Builder name: Highland Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater,Disposal,Microwave,Gas Cooktop,Dishwasher

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • High Ceilings,Prewired for Alarm System,Primary Bed - 1st Floor
  • Flooring: Carpet,Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Gas,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Ceiling Fan(s),Electric

Interior Area

  • Total structure area: 3,926
  • Total interior livable area: 3,926 sqft

Kitchen

  • Features: Kitchen Island,Kitchen open to Family Room,Walk-in Pantry

Master Bathroom

  • Features: Primary Bath: Double Sinks,Primary Bath: Separate Shower

Property

Features

  • Stories: 2
  • Patio & porch: Covered
  • Exterior features: Sprinkler System
  • Fencing: Back Yard

Lot

  • Features: Subdivided,0 Up To 1/4 Acre

Parking

  • Total spaces: 3
  • Parking features: Attached,Tandem
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Tornado
Cold Wave
Hurricane
Heat Wave
Inland Flooding
Ice Storm
Strong Wind
Winter Weather

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm

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

MonthlyAnnual
Mortgage $3,782$45,384
Home Insurance *$491$5,892
Property Taxes $897$10,764
Electricity $431$5,173
Total$5,601$67,212
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$192,034/yr
40% on housing$168,030/yr
45% on housing$149,360/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

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.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -2.4%
-2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$191This listing

vs Other Active Listings

Avg $/sqft

ZIP 77316$228
Montgomery County$200

vs Homes Sold Last Month

Median $/sqft

ZIP 77316$167
Montgomery County$164

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)

Price History

DateEventPrice
2026-04-15Price change$749,990
2026-03-30Listed for sale$750,890

New Construction Spec

AgentDina Verteramo
BrokerageHighland Homes Realty

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