For sale

Price cut: $50K (6/18)

$1,199,999

40498 Community Rd, Magnolia, TX 77354

4beds

3,102sqft

$8,301/mo

Get pre-qualified

Single Family Residence

Built in 2015

4 Acres Lot

$1,154,300 Zestimate^®

$387/sqft

$-- HOA

What's special

Welcome Home to your Private Piece of Texas Paradise! Nestled on almost 4 unrestricted acres 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!

87 days
459
44

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: $387/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

$1,154,300

$1.10M - $1.21M

$3,148/mo

Price history

Date	Event	Price
6/18/2026	Price change	$1,199,999-4%$387/sqft
Source: HAR #83402571 Report a problem
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