#20713453, Matthew Shelton, Listing office: Greenwood King Properties - Heights Office
$1,799,990 List price
40498 Community Rd Magnolia, TX 77354
4 beds
3 full, 1 partial
3,102 sqft
5.9 acres
$580 / sqft
House
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
Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air, Electric
Size3,102 sqft
Lot size5.9 Acres
Year built2015
ParkingAdditional Parking, Attached, Electric Gate, Garage, Garage Door Opener, Oversized
MLS #16736790
Attached garage2 spaces
FireplaceGas Log
Private poolYes
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
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
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Last updated on: 7/26/2025, 12:55:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. Residents of Magnolia, TX typically earn between $100k-200k each year. Most families are married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
16%
<35k
35%
35k-100k
40%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
17%
Single, No Kids
7%
Single, with Kids
38%
Married, No Kids
38%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
15%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
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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.
In June 2025 more than 18 listings in Magnolia, TX were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 78 were sold below. Between May and June 2025, Magnolia, TX real estate market has seen increase in the number of listings by 2%. 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.
From Rocket Homes Real Estate and based on county public records data.