32607 OCTAVIA DRIVE, MAGNOLIA, TX 77354
Homes for sale in Magnolia.
Homes for sale in 77354.
List Price$390,000
32607 Octavia Drive
Magnolia, TX 77354
Listing #39329802
3
Bedrooms
2 full
Bathrooms
1,440
Square Feet
House
Type
About This Property
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.
Property Features
Location Information
County
Montgomery
Longitude
-95.645964
MLS Area
Magnolia/1488 East
Subdivision
Royal Oaks On 1488 02
Latitude
30.213261
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.
Interior Features
Room Descriptions
10x10 Primary Bedroom, 8x8 Bedroom, 8x8 Bedroom
Exterior Features
Style
Other
Has a Pool
No
Stories
1
Acre Range
1/2 Up to 1 Acre
Is New Construction
No
Lot Description
Other
Construction
Other, Wood Siding
Lot Size in Acres
0.603
Parking Description
None
Lot Size in Sq. Ft.
26,249
Has Garage
No
Is One Story
Yes
Garage Spaces
0
School
School District
Magnolia
Middle School
MAGNOLIA PARKWAY JUNIOR HIGH
Elementary School
MAGNOLIA PARKWAY ELEMENTARY SCHOOL
High School
MAGNOLIA HIGH SCHOOL
Additional Information
Property Type
SFR
Year Built
1985
Property SubType
Detached
Status
Active
Similar Listings
Mortgage Calculator
$1,821
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,405
Monthly Tax
$325
Monthly Insurance
$91
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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