Schools

§ 03

District

Elementary	MAGNOLIA PARKWAY EL	C
Middle	MAGNOLIA PARKWAY J H	N/R
High	MAGNOLIA H S CCMR 93% · Grad 97%	B

TEA accountability ratings reflect 2024–25 where available. School attendance zones are subject to district redistricting — confirm directly with the district before making a school-based decision.

Overview

§ 01

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.

Features

§ 02

Interior

Heat: Central
Heat: Gas
Cool: Central Air
Cool: Electric

Exterior & lot

Other
Roof: Composition
Foundation: Pillar Post Pier
None

Community

Style: Other

Property Details

§ 03 · Full MLS record

Property

Property Type	Residential
Property Sub Type	Detached
Architectural Style	Other
Year Built	1985
Year Built Source	PublicRecords
New Construction	No

Building

Stories	1
Levels	One
Living Area	1,440 sq ft
Living Area Source	Appraiser
Building Area Total	1,440 sq ft
Foundation	Pillar Post Pier
Construction	Other, Wood Siding
Roof	Composition

Rooms & Baths

Bedrooms	3
Bathrooms (total)	2
Bathrooms Full	2
Bathrooms Half	0
Rooms Total	3

Exterior

Pool Private

No

Parking & Garage

Garage Spaces	0
Parking Features	None

Lot

Lot Size (acres)	0.6026
Lot Size Source	Appraiser
Lot Features	Other

Location

County	Montgomery
MLS Area Major	15
MLS Area Minor	Magnolia/1488 East
Subdivision	Royal Oaks On 1488 02
Postal Code	77354

Utilities

Heating	Central, Gas
Cooling	Central Air, Electric
Water Source	Public
Sewer	Septic Tank

Taxes, Terms & Disclosures

Tax Annual Amount	$1,411 <small style="color:#6b7280">· from 2025 county roll</small>
Tax Year	2025 (county roll)
Tax Rate (est.)	0.38%
Parcel #	155783
Legal Description	ROYAL OAKS ON 1488 02, LOT 110,111, MH SERIAL # C10234A, TIT
Lease Considered	No
Disclosures	Seller Disclosure

Room Layout

§ 04 · 3 rooms · MLS-supplied

Main level · 3

Primary Bedroom	10x10
Bedroom	8x8
Bedroom	8x8

MUD Disclosure (§49.452)

§ 03 · Data moat

● §49.452 Notice

Not in archive

This MUD is not yet in our §49.452 archive. We'll add it on request.

Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.

Request this notice

● What this tells you

The §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.

Listing's rolled-up MUD rate — Resolved MUD jurisdiction not mapped Match confidence —

Taxes & Cost of Ownership

§ 04

● Estimated monthly payment

$2,364

30-YR FIXED · ADJUST ASSUMPTIONS BELOW

Interest rate

%

Down payment

%

Principal & interest$2,246 Property tax$118 Homeowners insuranceTBD

Subtotal (P&I + Tax) $2,364

Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.

● Effective tax rate · 3-year history

1.5808%

ALL 5 TAXING DISTRICTS · 2025 BILL

202320242025

MUD

—

→ stable

School

0.96%

→ stable

City

—

→ stable

County

0.38%

→ stable

Other districts

0.25%

→ stable

HOA & Community

§ 05

● HOA details

—

ANNUAL

Association name— Management co.— Website— Phone— Cert on filepending

● Community amenities

park

· 0.4mi
Edgewater Park · 0.4mi
Tot Park · 0.7mi

grocery

· 0.5mi
· 0.8mi
· 1.1mi

restaurant

Space City Hotdogs · 0.5mi
Wendys · 2.3mi
La Casa Agave Mexican Grill · 3.8mi

gas_station

Valero · 0.6mi
Exxon · 2.1mi

place_of_worship

Mill Creek Church · 1.1mi
Silver Springs Baptist Church · 2.4mi
· 2.7mi

police_station

Montgomery County Sheriff's Office Livestock Facility · 1.2mi
Montgomery County Sheriff's Office · 4.9mi
Stagecoach Police Department · 5.9mi

Broadband & Connectivity

§ 06 · Rolled up from MLS

● Max advertised speed at this address

8,000 Mbps

Fiber available · cable ok

Fiber to the Premises

Ezee Fiber

8,000 / 8,000 Mbps

● LOW LATENCY

Fiber to the Premises

AT&T

5,000 / 5,000 Mbps

● LOW LATENCY

Coaxial Cable

Xfinity

2,000 / 250 Mbps

● LOW LATENCY

Coaxial Cable

Spectrum

1,000 / 35 Mbps

● LOW LATENCY

Licensed Fixed Wireless

Verizon

300 / 20 Mbps

● LOW LATENCY

NGSO Satellite

Starlink

280 / 30 Mbps

● LOW LATENCY

Licensed Fixed Wireless

T-Mobile

100 / 20 Mbps

● LOW LATENCY

Copper

AT&T

100 / 20 Mbps

● LOW LATENCY

+ 3 additional provider(s)

Environmental Risk

§ 08

X

FEMA Zone

Zone X · Minimal risk

Outside 100-year and 500-year floodplains. No flood insurance required by lender.

PANEL 48339C SFHA NO SOURCE 48339C_LOMC1

🌡 Heat days >95°F

57 days/yr above 95°F

Plus 12 days above 100°F. NOAA station records, 2016-2025 average.

💨 30-day air quality

AQI 51 · Moderate

Average daily AQI for the 30 days ending 2026-02-28. EPA AQS county monitors. Higher = worse.

🌵 Drought (current)

No drought (D1 or worse)

US Drought Monitor county reading, week of 2026-09-15.

Sources: FEMA NFHL · NOAA GHCN-Daily · EPA AQS · US Drought Monitor. Climate rollup last computed Sep 23, 2026.

Recent Comparable Sales

§ 09

2 comparable sales nearbyAddress-level sold detail is available to registered users. Reach out to Allen for the full comparable-sales report.

Subdivision & Master Plan

§ 10

● Master plan

Royal Oaks On 1488 02

TIER: SUBDIVISION

Subdivision name (MLS)Royal Oaks On 1488 02 City · ZIPMagnolia · 77354 CountyMontgomery Listings in subdivision35 Active now1 Sold (last 12 mo)1 Curated amenities60

● Year-built distribution

1985s 1

Fire Protection

§ 11

Nearest station

Magnolia Volunteer Fire Department Station 185

Distance

0.6 mi

Straight-line from listing

ISO rating

—

Future data point

Avg. response

—

From incident log (future)

Neighborhood Demographics

§ 12 · Census tract 48339690406 · ACS 2023

Median HH income

$181,510

ACS 2023

Median home value

$508,300

Census self-report

Owner-occupied

100%

1,413 housing units

Bachelor's+

56%

Adults 25+

Median age

42.2

Population 4,006

Work from home

17%

of commuters

Commute 45min+

15%

of commuters

Below poverty

1.8%

tract-level

Amenities & Nearby Places

§ 13

Active listing — amenities should populate from the go-live pipeline. Click to fetch now if missing.

Location & Neighborhood

§ 13

● This Home

32607 Octavia Drive, Magnolia, TX 77354

Montgomery County · 30.21°N, 95.65°W

park

—

0.4 mi · 3 within 2 mi

grocery

—

0.5 mi · 3 within 2 mi

restaurant

Space City Hotdogs

0.5 mi · 1 within 2 mi

gas_station

Valero

0.6 mi · 1 within 2 mi

Interactive map coming in v0.2 — currently showing schematic placement.