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    3440 Corolla Rd Magnolia, TX 77354

    For Sale
    $760,000

    Prime Magnolia land, residential potential, major road access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10-acre property in Magnolia, Texas, presents a remarkable opportunity for residential development. Comprising two 5-acre tracts sold together, this land boasts a coveted location adjacent to the Grand Lakes Estates Golf Course, offering breathtaking views and a highly desirable setting for future residents. The property's strategic positioning benefits from a planned major road extension along its eastern border, dramatically improving accessibility and enhancing its appeal. An easement to Corolla Road will further enhance access points. This prime location, coupled with the upcoming infrastructure improvements, makes this an unparalleled investment for developers seeking to capitalize on the growth of Magnolia. The property's size and location make it ideal for multi-family residential development or other high-density projects. Don't miss this chance to acquire a strategically positioned property in one of Magnolia's most sought-after areas. The property is zoned for residential use (verification required by buyer). The 77354 zip code offers convenient access to amenities and major roadways. This is a rare opportunity to secure a substantial land parcel poised for significant appreciation.

    Property Features for 3440 Corolla Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    435,600 SF

    HighLights

    • $760,000 asking price.
    • 10‑acre multifamily land parcel in Magnolia, TX.
    • Located near Grand Lakes Estates Golf Course.
    • Major road development planned nearby, enhancing accessibility.
    • Suitable for residential redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Building Supply Auto Repair Shop HVAC Service Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.624767
    Latitude
    30.2001196

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    FAQs

    What type of property is this?
    Multifamily property - Prime Magnolia land, residential potential, major road access.
    Where is this multifamily property located?
    The property is located at 3440 Corolla Rd Magnolia, TX.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: $760,000 asking price.; 10-acre multifamily land parcel in Magnolia, TX.; Located near Grand Lakes Estates Golf Course.
    Request Owner's contact information
    3440 Corolla Rd Magnolia, TX 77354
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    Magnolia, TX 77354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3440 Corolla Rd Magnolia, TX 77354
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