32607 Octavia Drive

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AureRDZ

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.

Property Information

Property Details

Location

Address

32607 Octavia Drive

County

Montgomery

City

Magnolia

Zip Code

77354

Subdivision

Royal Oaks On 1488 02

School District

36 - Magnolia

High School

MAGNOLIA HIGH SCHOOL

Elementary School

MAGNOLIA PARKWAY ELEMENTARY SCHOOL

MLS Area

Interior Features

Beds and Baths

Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

1,440

Year Built

1985

Stories

Construction

Other, Wood Siding

Foundation

Pillar/Post/Pier

Roof

Composition

Property Taxes

Tax Annual Amount

$1,411

Tax Year

2025

32607 Octavia Drive, Magnolia, TX 77354

Market Report for 77354