REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Peyo Rubio

peyo@texasgrand.homes +1(281) 771-7200

$ 390,000

Est. payment -/mo

Save

New

32607 Octavia DR Magnolia, TX 77354

3 Beds

2 Baths

1,440 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $270

Subdivision Royal Oaks On 1488 02

MLS Listing ID 39329802

Style Other

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1985

Annual Tax Amount $1,411

Tax Year 2025

Lot Size 0.603 Acres

Acres 0.6026

Property Sub-Type Detached

Property Description

Attention investors and developers! This rare opportunity features more than ½ acre of land on a highly desirable corner lot, offering excellent potential for future development while generating immediate rental income.
The property includes two existing rental homes (ALREADY LEASED), providing cash flow from day one. With its generous lot size, corner location, and development possibilities (subject to local zoning and approvals), this property is ideal for investors looking to expand their portfolio or explore new construction opportunities.
Whether you're seeking a buy-and-hold investment, redevelopment project, or a combination of both, this versatile property offers exceptional upside. Large parcels with existing income and building potential are increasingly difficult to find—don't miss this unique opportunity.

Location

State TX

County Montgomery

Area Magnolia/1488 East

Interior

Heating Central, Gas

Cooling Central Air, Electric

Fireplace No

Exterior

Parking Features None

Water Access Desc Public

Roof Type Composition

Private Pool No

Building

Lot Description Other

Story 1

Entry Level One

Foundation Pillar/Post/Pier

Sewer Septic Tank

Water Public

Architectural Style Other

Level or Stories One

New Construction No

Schools

Elementary Schools Magnolia Parkway Elementary School

Middle Schools Magnolia Parkway Junior High

High Schools Magnolia High School

School District 36 - Magnolia

Others

Tax ID 155783

Houston Realtors Information Service / HAR MLS

Listed by Spring Branch Realty Inc. Aurelio Rodriguez

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

+1(281) 771-7200

peyo@texasgrand.homes

https://www.har.com/pompello-rubio/agent_peyor

29519 W Hawthorne Dr, Spring, TX, 77386-2182, USA