#62198906, Christian Meacham, Listing office: Keller Williams Realty The Woodlands
40498 Community Rd Magnolia, TX 77354
Property details
About 40498 Community Rd
Welcome Home to your Private Piece of Texas Paradise! Nestled on almost 6 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. Key Highlights Include: 2 flat, usable acres (cleared and ready for possibilities), 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!
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Dishwasher, Electric Oven, Gas Cooktop, Disposal, Ice Maker, Microwave, ENERGY STAR Qualified Appliances
- Flooring Type: Concrete, Tile, Wood
- Interior: High Ceilings, Marble Counters, Solid Surface Counters, Ceiling Fan(s), Programmable Thermostat
- Fireplace: Gas Log
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: Yes
- Parking: Additional Parking, Attached, Electric Gate, Garage, Garage Door Opener, Oversized
- Architectural Style: Traditional
- Heating: Central, Natural Gas
- Cooling: Central Air, Electric
- List Price: $1,799,990
- Price/SqFt: $580
- Annual Tax Amount: $8,613
- Tax Year: 2024
- Lot: Other
- Directions: Heading North on I-45, Exit FM 1488. Turn RIGHT onto Community RD. At the STOP Sign, turn RIGHT and continue on Community Rd. The Property entrance is on the RIGHT SIDE.
- Year Built: 2015
- Stories: 2
- Living Area: 3,102 SqFt
- Lot Size: 5.9 Acres
- MLS Number: 16736790
- MLS Name: HAR
- Office Name: 7th Generation Realty
- Office Phone: (713) 249-8196
- Office Email: shawn@harrisburgtx.com
- Listing Agent: Shawn Speer
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $556,153 | $8,613 |
2023 | $557,620 | $9,839 |
2022 | $557,620 | $9,628 |
2021 | $396,580 | $7,840 |
2020 | $397,530 | $7,002 |
2019 | $346,030 | $6,877 |
2017 | $271,910 | $5,765 |
History based on county public records data.
Nearby schools
5
Magnolia Parkway Elementary School
Public District PK-4
1.3 mi
•11745 FM 1488 Rd
8
Bear Branch Elementary School
Public District PK-4
4.3 mi
•8909 FM 1488 Rd
6
Williams Elementary School
Public District PK-4
4.6 mi
•18101 FM 1488 Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $99,247. The most common annual income of people living in Magnolia, TX is between $100k-200k. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 40498 Community Rd
The listing price of 40498 Community Rd property is $1,799,990.
The property 40498 Community Rd is a house located in Magnolia, Texas, 77354.
Active Listing: 40498 Community Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 40498 Community Rd are: Magnolia Parkway Elementary School (GreatSchools Rating 5/10), Bear Branch Elementary School (GreatSchools Rating 8/10), Williams Elementary School (GreatSchools Rating 6/10), Magnolia Junior High School (GreatSchools Rating 6/10), Bear Branch Junior High School (GreatSchools Rating 6/10), Oak Hills Junior High School (GreatSchools Rating 7/10), Magnolia High School (GreatSchools Rating 6/10), Alpha (GreatSchools Rating 3/10), Magnolia West High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $8,613 (source: MLS/based on county public records data).
The property at 40498 Community Rd has 4 bedrooms and 3 full and 1 half bathrooms.
The property 40498 Community Rd is 3,102 SqFt (source: MLS/tax record).
The year of construction for 40498 Community Rd is 2015.
This home is located at 40498 Community Rd in Magnolia, TX and zip code 77354. This 3,102 square foot home, which was built in 2015, sits on a 5.90 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 30, 2025 and is currently priced at $1,799,990.
Magnolia, TX housing market in June 2025 saw over 18 listings sold above listed price, more than 20 sold at listed price and over 78 sold below. The number of listings in Magnolia, TX increased by 2% between May and June 2025. In June 2025, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $359,990.