James Hassell

32607 Octavia Drive

Magnolia, TX
$ 373,999 Beds 3 Baths 2 Sq 1,440
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 373,999
  • City
  • Magnolia
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • Montgomery
  • Half Bathrooms
  • 0
  • Area
  • 15 Magnolia/1488 East
  • Lot Size
  • 0.6026 Acres
  • Zip
  • 77354
  • Sqr Footage
  • 1,440
  • Year Built
  • 1985
  • Taxes
  • $ 1411
  • Style
  • MLS#
  • 39329802
Listed By: Spring Branch Realty Inc.;
Data Source: Houston Association of REALTORS® (HAR)

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Katy, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School MAGNOLIA PARKWAY ELEMENTARY SCHOOL Elementary School
Middle School MAGNOLIA PARKWAY JUNIOR HIGH Middle School
High School MAGNOLIA HIGH SCHOOL High School

Price History

7/20/2026 Listed $390,000
8/13/2026 4% - $373,999

Property vs Zip Code Average in 77354

Price
AVG $490K
$370K
Taxes
AVG $8,883
$1,411
Year Built
AVG 2019
1985

Areas That We Cover

32607 Octavia Drive Magnolia, TX is a Single Family Home for sale at $373999 with 1440 sqft and a lot size of 0.6026 Acres Acre(s). 32607 Octavia Drive Magnolia has 3 bedrooms, 2 baths and was built in 1985. The property's zip code is 77354 which is in Magnolia, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

James Hassell

James Hassell

REALTOR® Associate

281-788-8435

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