Property profile

3440 Corolla Rd Magnolia, TX 77354

OFF-MARKET
Land
10 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3440 Corolla Rd Magnolia, TX 77354
Magnolia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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