REDUCED PRICE!!!

This 2.99 acre property consists of 10 combined lots located in the custom home community of Enchanted Forest in Magnolia, TX. This property is extremely rare because it has paved road frontage on 3 sides along with water frontage along Walnut Creek. There is approximately 737' of paved road frontage along both Knotty Oaks Trail and Lazee Oaks Street. There is also an easement off of Lazee Oaks St that would give you a private culdesac. The Northeastern border of the property has approximately 300' of water frontage.

This property would be a beautiful location for your dream home, weekend cottage or country escape conveniently located minutes from the Woodlands and less than an hour from downtown Houston. This property is in the 100 year flood plain, however, with the convenient road frontage and property size it would not be difficult to create an elevated home site on this property. Development would simply require hiring a surveyor/engineer to establish what the base flood elevation is on these lots.

This is a ONCE IN A LIFETIME opportunity to get almost three acres with great road AND water frontage just outside the city limits of Magnolia which means no zoning.

Property ID's: R88301, R88302, R88303, R88304, R88306, R88306, R88307, R88308, R88309, R88242

Address: 15511 Knotty Oaks Trail, Magnolia, Texas 77355

Legal Description: Lots 32, 100, 101, 102, 103, 104, 105, 106, 107, 108, ENCHANTED FOREST SUBDIVISION, in the E. J. Fedler Survey, A-216, Montgomery County Texas, according to the Plat thereof recorded in Volume 7, Page 251, of the Map Records of Montgomery County, Texas.

Sq/ft: 130,046

This property can also be split into 2 separate homesteads as follows:

Option 1:

Lots 100, 101, 108, 32 - 55,000 sq/ft

Lots 102, 103, 104, 105, 106, 107 - 75,046 sq/ft

Option 2:

Lots 100, 101, 107, 108, 32 - 70,508 sq/ft

Lots 102, 103, 104, 105, 106 - 59,538 sq/ft

Time limit to build: None

Water/Electric/Sewer: Power lines/poles are on the property line. Would be city water and septic.

Access: Paved Road

Taxes: Current and tax rate of 2.0552