32607 Octavia Drive, Magnolia, TX 77354

Magnolia
Local realty services provided by:Better Homes and Gardens Real Estate Gary Greene
32607 Octavia Drive,Magnolia, TX 77354
$390,000
  • 3 Beds
  • 2 Baths
  • 1,440 sq. ft.
  • Single family
  • Active
Listed by: aurelio rodriguez
Office: spring branch realty inc.346-367-2644
MLS#:39329802
Source:HARMLS

Price summary

  • Price:$390,000
  • Price per sq. ft.:$270.83

About this home

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.

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Home facts

  • Year built:1985
  • Subdivision & Development:Royal Oaks On 1488 02
  • Listing ID #:39329802
  • Updated:August 07, 2026 at 11:53 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:3
  • Living area:1,440 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1985
  • Building area:1,440 sq. ft.
  • Lot area:0.6 Acres
  • Construction Materials:Wood Siding
  • Foundation Description:Pillar Post Pier
  • Levels:1 Story

Schools

  • High school:MAGNOLIA HIGH SCHOOL
  • Middle school:MAGNOLIA PARKWAY JUNIOR HIGH
  • Elementary school:MAGNOLIA PARKWAY ELEMENTARY SCHOOL

Utilities

  • Sewer:Septic Tank

Finances and disclosures

  • Price:$390,000
  • Price per sq. ft.:$270.83
  • Tax amount:$1,411 (2025)
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