Lot for sale only! The beautiful Gated Community of Waterstone On Lake Conroe in the heart of Montgomery offers 293 Peninsula Point to choose and build your dream home. Amenities include Tennis Courts, Basketball Courts, Walking Trails and Picnic Pavilion with Fireplace. Students are zoned to the Highly acclaimed MISD. Waterstone on Lake Conroe is offered by K. Hovnanian of Houston II, L.L.C.