Welcome Home to your Private Piece of Texas Paradise! Nestled on almost 4 unrestricted acres (2 more acres next door also available) in the booming Magnolia area, this property offers space, freedom, and endless potential.
Located in one of the fastest-growing corridors in Montgomery County, you're just minutes from Major Thoroughfares, Shopping, Dining, and the Upcoming Magnolia Town Center Expansion — yet far enough to enjoy peace and privacy.
The home offers a solid foundation for your vision — whether you're looking to renovate, expand, or build new. With no HOA restrictions, you have the freedom to develop the land your way — think workshop, guest house, garden, or even a small business. Highlights Include: 2 flat, usable acres (cleared and ready), Excellent location with tons of future growth, Room for horses, toys, or additional structures
Zoned to Magnolia ISD and Minutes from The Woodlands, Tomball, and Hwy 249, Don’t wait — land like this is going fast in Magnolia!
For sale
Price cut: $150K (6/13)
$1,249,990
40498 Community Rd, Magnolia, TX 77354
4beds
3,102sqft
Single Family Residence
Built in 2015
4 Acres Lot
$-- Zestimate®
$403/sqft
$-- HOA
What's special
- 1 day |
- 73 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Shawn Speer TREC #0592162 713-249-8196,
7th Generation Realty
Source: HAR,MLS#: 83402571
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Family Room, Utility Room
Primary bathroom
- Features: Half Bath, Primary Bath: Double Sinks, Primary Bath: Jetted Tub, Primary Bath: Separate Shower, Primary Bath: Soaking Tub, Secondary Bath(s): Double Sinks, Vanity Area
Kitchen
- Features: Breakfast Bar, Kitchen Island, Kitchen open to Family Room, Pantry
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: ENERGY STAR Qualified Appliances, Electric Oven, Microwave, Gas Cooktop, Dishwasher
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Crown Molding, Formal Entry/Foyer, High Ceilings, Prewired for Alarm System, Primary Bed - 1st Floor
- Doors: Insulated Doors
- Windows: Insulated/Low-E windows
- Number of fireplaces: 1
- Fireplace features: Gas, Wood Burning
Interior area
- Total structure area: 3,102
- Total interior livable area: 3,102 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Stories: 2
- Has private pool: Yes
- Pool features: In Ground
- Has spa: Yes
Lot
- Size: 4 Acres
- Features: Cleared, Wooded, 2 Up to 5 Acres
Details
- Parcel number: 455184
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Blown-In Insulation, Brick, Cement Siding, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Sewer: Aerobic Septic, Septic Tank
- Water: Well
Green energy
- Green verification: Other Energy Report
- Energy efficient items: Attic Vents, Thermostat, HVAC, HVAC>13 SEER, Insulation, Other Energy Features
Community & HOA
Community
- Security: Prewired for Alarm System
- Subdivision: Mostyn
Location
- Region: Magnolia
Financial & listing details
- Price per square foot: $403/sqft
- Tax assessed value: $560,000
- Annual tax amount: $8,852
- Date on market: 6/13/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$3,683/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2026 | Price change | $1,249,990-10.7%$403/sqft |
Source:  HAR #83402571 Report a problem | ||
| 5/30/2026 | Listed for sale | $1,399,990$451/sqft |
Source: HAR #35909134 Report a problem | ||
| 5/22/2026 | Pending sale | $1,399,990+16.7%$451/sqft |
Source: HAR #35909134 Report a problem | ||
| 5/14/2026 | Price change | $1,199,990+7.1%$387/sqft |
Source: HAR #29954366 Report a problem | ||
| 4/4/2026 | Price change | $1,119,990-0.4%$361/sqft |
Source: HAR #29954366 Report a problem | ||
| 3/18/2026 | Price change | $1,124,990-19.6%$363/sqft |
Source: HAR #29954366 Report a problem | ||
| 3/18/2026 | Price change | $1,399,990+16.7%$451/sqft |
Source: HAR #35909134 Report a problem | ||
| 3/12/2026 | Price change | $1,199,990-7.7%$387/sqft |
Source: HAR #29954366 Report a problem | ||
| 12/30/2025 | Price change | $1,299,990-10.3%$419/sqft |
Source: HAR #29954366 Report a problem | ||
| 12/18/2025 | Price change | $1,449,990+16%$467/sqft |
Source: HAR #35909134 Report a problem | ||
| 11/10/2025 | Price change | $1,249,990-3.8%$403/sqft |
Source: HAR #29954366 Report a problem | ||
| 10/25/2025 | Price change | $1,299,990-18.8%$419/sqft |
Source: HAR #29954366 Report a problem | ||
| 10/23/2025 | Price change | $1,599,990+14.3%$516/sqft |
Source: HAR #35909134 Report a problem | ||
| 10/23/2025 | Price change | $1,399,990+7.7%$451/sqft |
Source: HAR #29954366 Report a problem | ||
| 10/12/2025 | Price change | $1,299,990-10.3%$419/sqft |
Source: HAR #54392238 Report a problem | ||
| 9/9/2025 | Price change | $1,449,990-3.3%$467/sqft |
Source: HAR #54392238 Report a problem | ||
| 8/7/2025 | Price change | $1,499,990+3.4%$484/sqft |
Source: HAR #54392238 Report a problem | ||
| 7/28/2025 | Price change | $1,450,000-19.4%$467/sqft |
Source: HAR #16736790 Report a problem | ||
| 7/1/2025 | Price change | $1,799,990-2.7%$580/sqft |
Source: HAR #16736790 Report a problem | ||
| 5/29/2025 | Listed for sale | $1,849,990+122.9%$596/sqft |
Source: HAR #41782151 Report a problem | ||
| 10/16/2020 | Listing removed | $829,900$268/sqft |
Source: Beth Ferester & Company #25992510 Report a problem | ||
| 8/14/2020 | Pending sale | $829,900$268/sqft |
Source: Beth Ferester & Company #25992510 Report a problem | ||
| 7/24/2020 | Listed for sale | $829,900$268/sqft |
Source: Beth Ferester & Company #25992510 Report a problem | ||
| 12/19/2017 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,798 -22.5% | $560,000 +0.7% |
| 2024 | $8,778 +1.9% | $556,153 -0.3% |
| 2023 | $8,614 | $557,620 |
| 2022 | -- | $557,620 +40.6% |
| 2021 | $7,371 -6% | $396,580 -0.2% |
| 2020 | $7,840 +12% | $397,530 +14.9% |
| 2019 | $7,003 +1.8% | $346,030 +6.4% |
| 2018 | $6,877 +34.2% | $325,330 +19.6% |
| 2017 | $5,125 -5.4% | $271,910 |
| 2016 | $5,416 | $271,910 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 77354
Nearby schools
GreatSchools rating
- 6/10Magnolia Parkway Elementary SchoolGrades: PK-4Distance: 1.4 mi
- NAAEPGrades: 4-12Distance: 4.9 mi
- 7/10Magnolia High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Magnolia Parkway Elementary School
- Middle: Magnolia Parkway Junior High
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Montgomery County
- Magnolia
- 77354
- 40498 Community Rd
Nearby cities
Nearby zip codes
Other Magnolia Topics
