Price Reduction
Address
32607 Octavia Drive, Magnolia, TX
Price
$ 373,999
Property Attributes
- MLS#39329802
- TypeSingle Family
- Listing Status Active
- CountyMontgomery
- CityMagnolia
- Area15 Magnolia/1488 East
- NeighborhoodRoyal Oaks On 1488 02
- Zip77354
- Style
- Year Built1985
- Taxes$ 1411
- Price$ 373,999
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1440
- Lot Size0.6026 Acres
Data Source:
Houston Association of REALTORS® (HAR)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| MAGNOLIA PARKWAY ELEMENTARY SCHOOL Elementary School | MAGNOLIA PARKWAY JUNIOR HIGH Middle School | MAGNOLIA HIGH SCHOOL High School |
| Price History | |
|---|---|
| 7/20/2026 | Listed $390,000 |
| 8/13/2026 | 4$373,999 |
General Features
| Country | US |
|---|---|
| Sewer | SepticTank |
| Heating | Central,Gas |
| Cooling | CentralAir,Electric |
| Roof | Composition |
| Architectural Style | Other |
| Construction Materials | Other,WoodSiding |
| Year Built | 1985 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Detached |
| Tax Year | 2025 |
| County | Montgomery |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | Royal Oaks On 1488 02 |
| Garage Y/N | false |
| Total Rooms | 3 |
| Full Baths | 2 |
| Status | Active |
| Directions | From Downtown Houston, take I-45 North and merge onto TX-99/Grand Parkway West. Continue to FM 2978 and head north, then turn left onto Woodland Oaks Drive. Continue through the neighborhood and turn onto Octavia Drive, where 32607 Octavia Drive will be located. The drive typically takes 45–55 minutes under normal traffic conditions. Nestled in the growing Magnolia area, the property offers a peaceful suburban setting with convenient access to shopping, dining, parks and major commuter routes. |
| ModificationTimestamp | 2026-08-13T16:42:55.647-00:00 |
| High School | MAGNOLIA HIGH SCHOOL |
| City | Magnolia |
| Disclosures | SellerDisclosure |
| High School District | 36 - Magnolia |
| MLS Area | 15 |
| Lot Size Units | SquareFeet |
| Elementary School | MAGNOLIA PARKWAY ELEMENTARY SCHOOL |
| Tax Annual Amount | 1411 |
| Middle/Junior High School | MAGNOLIA PARKWAY JUNIOR HIGH |
| MLS Area Minor | Magnolia/1488 East |
| Lease Considered Y/N | false |
| Standard Status | Active |
| Middle/Junior School District | 36 - Magnolia |
| Elementary School District | 36 - Magnolia |
| Year Built Source | PublicRecords |
| PostalCity | Magnolia |
| Legal Description | ROYAL OAKS ON 1488 02, LOT 110,111, MH SERIAL # C10234A, TIT |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
| Total Bedrooms | 3 |
| LivingAreaSource | Appraiser |
| Total Baths | 2 |
Exterior Features
| Parking Features | None |
|---|---|
| Lot Features | Other |
| Water Source | Public |
| Lot Size Area | 26249 |
| Foundation Details | PillarPostPier |
| Building Area Total | 1440 |
| Lot Size Acres | 0.6026 |
| Lot Size Source | Appraiser |
| Private Pool | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 77354
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
