Rare 11.289-acre unrestricted opportunity with approx. 414' frontage on FM 2978 near Hardin Store Rd! Ideal for residential, commercial or mixed-use investment and redevelopment. Property includes an older 1,665 SF single-family home with 3 bedroom 1.5 baths that may be renovated or removed for a new custom home, plus 4 commercial structures: 2,800 SF contractor workshop, 1,800 SF metal warehouse with interior office, 720 SF mechanic shop and 1,100 SF retail/office building. Approx. 8,085 SF total enclosed area, plus an additional 1,000 SF covered canopy attached to the warehouse. Two commercial tenants currently generate rental income, along with an income-producing billboard. Excellent opportunity for investors, owner-users or developers seeking acreage with existing income and future flexibility. Buyer to verify all measurements, restrictions and permitted uses.
For sale
$3,250,000
28631 Fm 2978 Rd, Magnolia, TX 77354
--beds
1,665sqft
Farm
Built in 1920
11.29 Acres Lot
$1,381,000 Zestimate®
$1,952/sqft
$-- HOA
What's special
- 8 hours
- 6
- 0
Zillow last checked:
Listing updated:
Listed by:
Toan Vu TREC #0597434 832-640-4646,
Greatland Living
Source: HAR,MLS#: 62101983
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Window Unit
Cooling
- Window Unit(s)
Features
- Number of fireplaces: 1
Interior area
- Total structure area: 1,665
- Total interior livable area: 1,665 sqft
Property
Parking
- Parking features: No Garage
Features
- Stories: 1
Lot
- Size: 11.29 Acres
- Features: Other, 10 Up to 15 Acres
Details
- Parcel number: 37721
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Farm
Materials
- Wood
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Brown James
Location
- Region: Magnolia
Financial & listing details
- Price per square foot: $1,952/sqft
- Tax assessed value: $1,314,286
- Annual tax amount: $14,081
- Date on market: 11/6/2026
- Listing terms: Cash,Conventional,Investor
- Road surface type: Asphalt, Gravel
Estimated market value
$1,381,000
$1.06M - $1.81M
$1,911/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2026 | Listed for sale | $3,250,000-13.3%$1,952/sqft |
Source: | ||
| 7/4/2023 | Listing removed | -- |
Source: | ||
| 3/27/2023 | Price change | $3,750,000-6.1%$2,252/sqft |
Source: | ||
| 1/10/2023 | Price change | $3,995,000-6%$2,399/sqft |
Source: | ||
| 11/8/2022 | Listed for sale | $4,250,000+115.1%$2,553/sqft |
Source: | ||
| 8/21/2017 | Listing removed | $1,976,000$1,187/sqft |
Source: RE/MAX Integrity #42500172 Report a problem | ||
| 1/5/2017 | Listed for sale | $1,976,000+3%$1,187/sqft |
Source: RE/MAX Integrity #42500172 Report a problem | ||
| 12/9/2014 | Price change | $1,917,820+2457.1%$1,152/sqft |
Source: RE/MAX Integrity #37796378 Report a problem | ||
| 10/30/2014 | Listed for sale | $75,000-96.1%$45/sqft |
Source: Total Home Management #23598289 Report a problem | ||
| 7/21/2014 | Listing removed | $1,917,820$1,152/sqft |
Source: RE/MAX Integrity #37796378 Report a problem | ||
| 1/1/2013 | Listed for sale | $1,917,820$1,152/sqft |
Source: RE/MAX Integrity #37796378 Report a problem | ||
| 11/3/2012 | Listing removed | $1,917,820$1,152/sqft |
Source: The Real Estate Book #21965642 Report a problem | ||
| 9/30/2012 | Listed for sale | $1,917,820$1,152/sqft |
Source: The Real Estate Book #21965642 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,776 +5.1% | $1,314,286 +7.2% |
| 2024 | $19,777 +19.8% | $1,226,000 +17.2% |
| 2023 | $16,511 | $1,045,880 |
| 2022 | -- | $1,045,880 -5.9% |
| 2021 | $20,653 +31.9% | $1,111,140 +40% |
| 2020 | $15,652 -2.5% | $793,630 |
| 2019 | $16,061 -6.1% | $793,630 -1.9% |
| 2018 | $17,100 +40.1% | $808,930 +40.5% |
| 2017 | $12,210 -7.4% | $575,830 -7.4% |
| 2016 | $13,190 +89.6% | $622,030 +91.7% |
| 2015 | $6,958 | $324,410 |
| 2014 | $6,958 | $324,410 +3.2% |
| 2013 | -- | $314,280 -3.1% |
| 2012 | -- | $324,410 -1.9% |
| 2011 | -- | $330,630 |
| 2010 | -- | $330,630 |
| 2009 | -- | $330,630 |
| 2008 | -- | $330,630 |
| 2007 | -- | $330,630 +96.5% |
| 2006 | -- | $168,300 |
| 2005 | -- | $168,300 |
| 2004 | -- | $168,300 |
| 2003 | -- | $168,300 |
| 2002 | -- | $168,300 +53.8% |
| 2001 | -- | $109,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 77354
Nearby schools
Schools provided by the listing agent
- Elementary: Cedric C. Smith Elementary School
- Middle: Bear Branch Junior High School
- High: Magnolia High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



