3440 Corolla Rd, Magnolia, TX 77354
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.