This home's estimate is 112.6% higher than the average sale price ($294K) of 5 comparable homes.
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24313 Fm 1488 Rd, Magnolia, TX 77355
About this home
Looking for an investment? Look no further! 5.1762 acres located approximately 3 miles from downtown Magnolia, 6 miles from Texas Renaissance Festival, and only 5 miles to the new Hwy 249 expansion with 420' of FM 1488 frontage. This area is BOOMING with new residential developments and expansions like Williams Trace located nearby. This property was once an RV Park that was lost in the 2011 wildfire that tore through Magnolia. Property has 13 RV hookups, 2 culverts for easy entrance and exit on to FM 1488, a 30x60 concrete slab where a shop once sat, former laundromat and bath house, along with 2 aerobic systems and onsite water well. All above ground improvements were destroyed from the fire giving you every opportunity to customize this property to your liking! Currently, a 4 bedroom mobile home is on site that is in need of extensive repair. Property is located in Waller County with a low tax rate of 2.13%.Come see what endless possibilities this investment has before its gone!
Redfin Estimate
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Market trends in 77355, TX
Last updated September 2026
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Provided by Redfin
Sale history for 24313 Fm 1488 Rd
* Price is not available or MLS listing is off market.
Tax history for 24313 Fm 1488 Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Exterior
- Property Information
- Property Type: Land
- Foundation Details: Slab
- Land Information
- Horse Amenities: Horses Allowed
- Vegetation: Partially Wooded
- Lot Information
- Road Surface Type: Asphalt
- Road Frontage Type: Farm to Market Road
- Lot Size Units: Square Feet
- Lot Size Acres: 5.1672
- Lot Features: Mobile Home Allowed
- Has Additional Parcels
Financial
- Tax Information
- Tax Annual Amount: $1,862
- Tax Year: 2019
- Lease Information
- No
Utilities
- Utility Information
- Water Source: Well
- Sewer: Aerobic Septic
Location
- School Information
- Elementary School District: 55 - Waller
- Elementary School: FIELDS STORE ELEMENTARY SCHOOL
- Middle Or Junior School District: 55 - Waller
- Middle Or Junior School: SCHULTZ JUNIOR HIGH SCHOOL
- High School District: 55 - Waller
- High School: WALLER HIGH SCHOOL
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 1,800
- Stories: —
- Lot Size: 3.64 acres
- Style: Single Family Residential
- Year Built: 2022
- Year Renovated: —
- County: Waller County
- APN: 340000-003-000-100
Around this home
Schools
Public PreK-5 • Assigned • 7.4mi
Public 6-8 • Assigned • 10.0mi
Public 9-12 • Assigned • 9.9mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.46% chance of being in a wildfire in next 30 years
7 days above 111° expected this year, 23 days in 30 years
99% chance of strong winds in next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 9.4 hours in June and 4.8 hours in December, which is comparable to the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 77355
Home values near 24313 Fm 1488 Rd
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 1861 Sq. Ft. | $331,509 |
4 Beds | 2.5 Baths | 1861 Sq. Ft. | $342,927 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 1861 Sq. Ft. | $288,717 |
- Beds | - Baths | 1696 Sq. Ft. | $96,712 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 1861 Sq. Ft. | $318,999 |
4 Beds | 2.5 Baths | 1861 Sq. Ft. | $315,232 |
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