40323 Community Road Magnolia, TX $ 920,000
40323 Community Road
$ 920,000
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40323 Community Road

Magnolia, TX, 77354
$ 920,000
Bedrooms3 Baths3.0 Sq 3,105

Monthly Estimate*

$ 5,665

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Single Family Home for sale in Magnolia, TX

for $920,000 with 3 bedrooms and 3 full baths. This 3,105 square foot home was built in 1957 on a lot size of 2.39.

Set on 2.39 unrestricted private acres, this fully renovated farmhouse blends timeless charm with modern ease. With over $250K in updates, the home carefully preserves its history by showcasing original hardwood floors from Grogan-Cochran Lumber Co., tongue-and-groove walls/ceilings + striking exposed beams. An oversized kitchen island anchors the heart of the home, perfect for everyday living. With 3 beds/3 baths + extra flex space, the layout offers comfortable living inside and out. Surrounded by peaceful, scenic equestrian farms, evenings come alive with unforgettable sunsets by the firepit under the glow of the new gazebo. A 1,600 sqft workshop w/ garage doors offers incredible flexibility for storage, parking, or a future guest house - already plumbed for water/septic and ideal for multi-generational living or income potential. Whole house generator - 2024. Minutes to Hwy 249, The Woodlands, and an easy drive to Bryan/College Station. Zoned to top-rated Magnolia ISD schools.

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Single Family Active

Price

$ 920,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 6,043

Style

Lot Size

2.39

Year Built

1957

Town/City

Magnolia

County/Region

Montgomery

MLS | Web ID

75466837

Features
General
Sewer Aerobic Septic
Heating Central Electric
Cooling Central Air Electric
Roof Composition
Appliances Dishwasher Electric Cooktop Electric Oven Microwave
Garage Spaces 0
Patio/Porch Features Covered Deck Patio Porch
Architectural Style Farmhouse Ranch
Security Features Security Gate Smoke Detector(s)
Construction Materials Cement Siding Stone
Year Built 1957
Electric Generator
Stories Count 1
Levels One
Property Subtype Detached
Tax Year 2025
County Montgomery
New Construction false
Property Type Residential
Subdivision Name N/A
Facing Direction East
Garage Y/N false
Other Structures Shed(s) Workshop
Total Rooms 8
Full Baths 3
Status Active
Directions From I-45 head West on FM 1488; Right on Community Road; Property is on the Left.
High School MAGNOLIA HIGH SCHOOL
City Magnolia
Disclosures Seller Disclosure
High School District 36 - Magnolia
MLS Area 15
Lot Size Units Square Feet
Elementary School MAGNOLIA PARKWAY ELEMENTARY SCHOOL
Tax Annual Amount 6043
Middle/Junior High School MAGNOLIA PARKWAY JUNIOR HIGH
MLS Area Minor Magnolia/1488 East
Lease Considered Y/N false
Virtual Tour https://youtu.be/eMuz9eicP6s?si=u-Oq4ltytcA_mm21
Standard Status Active
Middle/Junior School District 36 - Magnolia
Elementary School District 36 - Magnolia
Year Built Source Public Records
Legal Description A0600 WICKSON CYRUS TRACT 2 ACRES 2.390
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Interior
Interior Amenities Breakfast Bar Kitchen Island Kitchen/Family Room Combo Pantry Self-closing Cabinet Doors Self-closing Drawers Soaking Tub Tub Shower Vanity Vaulted Ceiling(s) Window Treatments Ceiling Fan(s) Kitchen/Dining Combo Living/Dining Room
Flooring Carpet Tile Wood
Total Fireplaces 1
Fireplace Features Wood Burning Outside
Air Conditioning Y/N true
Heating Y/N true
Window Features Window Coverings
Fireplace Y/N true
Half Baths 0
Laundry Features Washer Hookup Electric Dryer Hookup
Total Bedrooms 3
Room Type Family Room Game Room Kitchen Living Room Utility Room
Total Baths 3
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Exterior
Exterior Amenities Covered Patio Deck Fully Fenced Sprinkler/Irrigation Porch Patio Private Yard Storage
Parking Features Electric Gate Workshop in Garage
Lot Features Wooded Backs to Greenbelt/Park Side Yard
Water Source Well
Lot Size Area 104108
Foundation Details Pillar/Post/Pier Slab
Building Area Total 3105
Lot Size Acres 2.39
Lot Size Source Appraiser
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* Excluded Features
List By
Realty One Group Iconic

Broker

jennifer@jennifersimsrealty.com

Email

Affordability Calculator

$6,168
Per Month
92%
8%
0%
Monthly Principal & Interest
$5,665
Monthly Property Taxes
$504
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
MAGNOLIA HIGH SCHOOL High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2026$920,000 Listed Price

Map


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40323 Community Road, Magnolia, TX, 77354 is a Single Family Home for sale at $920,000 with 3,105 sqft and a lot size of 2.39. 40323 Community Road has 3 bedrooms, 3.0 baths, and was built in 1957. The property's zip code is 77354 which is in Magnolia, TX