32607 Octavia Drive
Magnolia, TX 77354
3
Bed
2
Bath
1,440Sqft
0.60Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 3 -
Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Electric
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Building Information
Year Built: 1985 Building Area Total: 1440 Construction Materials: Other, Wood Siding Stories: 1 Private Pool: No
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Lot Information
Main Square Feet: 0.6026 Acres Lot Size Acres: 0.6026 Lot Size Square Feet: 26249.256 Lot Description: OtherProperty Information
Subdivision: Royal Oaks On 1488 02 Source Property Type: Residential Postal Code Plus 4: 3253 Property SubType: Single Family Residence Property Age: 41
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Listing Price Information
Listing Price: $390000
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Tax Information
Parcel Number: 155783 Tax Year: 2025 Annual Tax: $1411 Tax Legal Desc: ROYAL OAKS ON 1488 02, LOT 110,111, MH SERIAL # C10234A, TIT
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Parking Information
No GarageGarage Information
Has Garage: Yes
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School Information
Elementary School: Magnolia Parkway Elementary SchoolJunior High School: Magnolia Parkway Junior HighSenior High School: Magnolia High School -
Location Information
Direction: 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. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5222 Ranch Hill Drive, Magnolia, TX, 77354 | $884,999 | 5 | 4 | 3,950 | 3,950 SqFt |
| 5307 Country Court, Magnolia, TX, 77354 | $680,000 | 3 | 2 | 2,076 | 2,076 SqFt |
| 1018 Mesquite Drive, Magnolia, TX, 77354 | $575,000 | 5 | 3 | 3,021 | 3,021 SqFt |
| 5423 Country Court, Magnolia, TX, 77354 | $629,000 | 3 | 2 | 2,298 | 2,298 SqFt |
| 33043 Lois Lane Lane, Magnolia, TX, 77354 | $405,000 | 4 | 2 | 2,090 | 2,090 SqFt |
| 33039 Lois Lane, Magnolia, TX, 77354 | $428,000 | 3 | 2 | 2,085 | 2,085 SqFt |
| 33026 Kinley Ann Court, Magnolia, TX, 77354 | $375,000 | 3 | 2 | 1,914 | 1,914 SqFt |
| 33010 Greenfield Forest.., Magnolia, TX, 77354 | $378,000 | 5 | 3 | 2,636 | 2,636 SqFt |
| 33311 Greenfield Forest.., Magnolia, TX, 77354 | $399,900 | 3 | 4 | 2,543 | 2,543 SqFt |
| 33227 Greenfield Forest.., Magnolia, TX, 77354 | $430,000 | 4 | 3 | 2,592 | 2,592 SqFt |
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ByOwner last updated this listing 07/22/2026 @ 06:14
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