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$373,999 -$16,001 (-4.1%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,440 Sq. Ft.
  • 0.6026 Acres
  • Updated 1 day ago
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Attention investors and developers! This rare opportunity features more than ½ acre of land on a highly desirable corner lot, offering excellent potential for future development while generating immediate rental income. The property includes two existing rental homes (ALREADY LEASED), providing cash flow from day one. With its generous lot size, corner location, and development possibilities (subject to local zoning and approvals), this property is ideal for investors looking to expand their portfolio or explore new construction opportunities. Whether you're seeking a buy-and-hold investment, redevelopment project, or a combination of both, this versatile property offers exceptional upside. Large parcels with existing income and building potential are increasingly difficult to find-don't miss this unique opportunity.

Full Property Details for 32607 Octavia Dr

General

  • Price: $373,999
  • Taxes: $1,411 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Houston
  • MLS ID: 39329802
  • Updated: 8/13/2026
  • Added to Site: 26 day(s) ago

Interior

  • Number of Rooms: 3

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Parking

  • Parking Features: None

Location

  • Area: 15
  • County: Montgomery
  • Subdivision: Royal Oaks On 1488 02
  • Driving Directions: From Downtown Houston, take I-45 North and merge onto TX-99/Grand Parkway West. Continue to FM 2978 and head north, then turn left onto Woodland Oaks Drive. Continue through the neighborhood and turn onto Octavia Drive, where 32607 Octavia Drive will be located. The drive typically takes 45–55 minutes under normal traffic conditions. Nestled in the growing Magnolia area, the property offers a peaceful suburban setting with convenient access to shopping, dining, parks and major commuter routes.

School Information

  • Elem School District: 36 - Magnolia
  • Midd School District: 36 - Magnolia
  • High School District: 36 - Magnolia
  • Elementary School: MAGNOLIA PARKWAY ELEMENTARY SCHOOL
  • Middle School: MAGNOLIA PARKWAY JUNIOR HIGH
  • High School: MAGNOLIA HIGH SCHOOL

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Gas

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Construction: Other, Wood Siding
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,440
  • Sq. Ft. Source: Appraiser
  • Living Area: 1,440 Sq. Ft.
  • Year Built: 1985
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.6026
  • Lot Size Source: Appraiser
  • Lot Features: Other

Financial Considerations

  • Tax Amount: $1,411
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: ROYAL OAKS ON 1488 02, LOT 110, 111, MH SERIAL # C10234A, TIT
  • Legal Disclosures: Seller Disclosure
  • APN: 155783

Listed by Spring Branch Realty Inc. (346) 367-2644, Aurelio Rodriguez (713) 330-9953

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Listing agent

— 32607 Octavia Dr —

  • Aurelio Rodriguez

    Spring Branch Realty Inc.

    713-330-9953

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 32607 Octavia Dr

School District:Magnolia Independent School District
NameGradesDistance
Magnolia Parkway Elementary School
11745 Fm 1488, Magnolia, TX 77354
PK-40.5 mi
Bear Branch J High School
31310 Farm to Market Road 2978, Magnolia, TX 77354
7-84.1 mi
Magnolia High School
14250 Fm 1488, Magnolia, TX 77354
9-122.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 32607 Octavia Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/13/2026
Price Reduced
$373,999
-4.1%
MLS
7/20/2026
Listed
$390,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 32607 Octavia Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,411
20%
$93,597
26%
2024
$1,178
-1%
$74,404
-1%
2023
$1,187
-11%
$75,210
—
2022
$1,327
5%
$75,210
11%
2021
$1,258
-7%
$67,680
-1%
2020
$1,355
96%
$68,700
114%
2017
$690
—
$32,110
-1%
2017
$690
-1%
$32,550
-1%
2016
$700
-50%
$33,010
-53%
2019
$1,411
201%
$69,740
108%
2014
$468
—
$33,450
53%
2014
$468
-33%
$21,820
-32%
2013
$697
—
$32,080
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 32607 Octavia Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Spring Branch Realty Inc. (346) 367-2644, Aurelio Rodriguez (713) 330-9953

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32607 Octavia Drive, Magnolia, TX 77354 (MLS# 39329802) is a Single Family property with 3 bedrooms and 2 full bathrooms. 32607 Octavia Drive is currently listed for $373,999 and was received on July 20, 2026. Want to learn more about 32607 Octavia Drive? Do you have questions about finding other Single Family real estate for sale in Magnolia? You can browse all Magnolia real estate or contact a Coldwell Banker agent to request more information.

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