50
Map
Video Tour
$699,990
●
House -
For Sale
40203 Cimarron Way
Magnolia, TX 77354
4 Beds
3 Baths,
1
Half Bath
3,243 Ft²
$3,980
Est. Monthly
$13
HOA / Fees
About This Property
Fully reimagined modern farmhouse on 1.67 private acres in Cimarron
Country, where horses are welcome. This 3,243 SF studs-out
renovation delivers true new-construction quality: new roof, HVAC,
electrical, plumbing, wide-plank flooring, and designer lighting
throughout. Soaring 20-ft ceilings crown the kitchen and living
room, anchored by a linear fireplace, floating steel staircase, and
a waterfall quartz island with custom cabinetry and walk-in pantry.
Two primary suites give this home rare flexibility: a first-floor
primary with spa bath and custom walk-in closet with built-in
drawers, plus a third-floor retreat with soaking tub, frameless
glass shower, walk-in closet, and private covered balcony. Two
secondary bedrooms up share a full bath, with utility room nearby.
Refrigerator stays. Detached 3-4 car garage includes a finished
bonus room, ideal for a gym, office, or workshop. Magnolia ISD, low
tax rate, no MUD, and yes, one horse or cow is allowed.
Unit Size
3,243 Ft²
Days on Market
-
Land Size
1.67 acres
Price per sqft
$216
Property Type
House
Property Taxes
$530
HOA Dues
$13
Year Built
1994
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (HAR #79584175)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 10, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 19, 2026 | Listed by Nan & Company Properties - Corporate Office (Heights) | $674,990 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
   | |||
|
Fully reimagined modern farmhouse on 1.67 private acres in Cimarron Country, where horses are welcome. This 3,243 SF studs-out renovation delivers true new-construction quality: new roof, HVAC, electrical, plumbing, wide-plank flooring, and designer lighting throughout. Soaring 20-ft ceilings crown the kitchen and living room, anchored by a linear fireplace, floating steel staircase, and a waterfall quartz island with custom cabinetry and walk-in pantry. Two primary suites give this home rare flexibility: a first-floor primary with spa bath and custom walk-in closet with built-in drawers, plus a third-floor retreat with soaking tub, frameless glass shower, walk-in closet, and private covered balcony. Two secondary bedrooms up share a full bath, with utility room nearby. Refrigerator stays. Detached 3-4 car garage includes a finished bonus room, ideal for a gym, office, or workshop. Magnolia ISD, low tax rate, no MUD, and yes, one horse or cow is allowed.
| |||
| Jul 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 13, 2026 | Listed by Nan & Company Properties - Corporate Office (Heights) | $699,990 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
Show More
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Has Carport
Parking Features: Detached, Oversized, Tandem, Additional Parking, Driveway, Attached Carport
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: High Ceilings, Vaulted Ceiling(s), 2 Primary Bedrooms, En-Suite Bath, Primary Bed - 1st Floor, Primary Bed - 3rd Floor, Multilevel Bedroom, Walk-In Closet(s)
Appliances: Water Heater, Disposal, Refrigerator, Gas Oven, Gas Range, Dishwasher
Flooring Type: Carpet, Tile, Vinyl Plank
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Electric
Fireplaces: 1
Exterior Details
Square Footage: 3243
Architectural Style: Contemporary, Farmhouse, Traditional
Year Built: 1994
Building Area Total: 3243
Levels: Split Level
Other Structures: Detached Gar Apt /Quarters
Construction Materials: Cement Siding
Patio and Porch Features: Patio, Porch
Lot Features: Back Yard, Subdivided, Wooded, 1 Up to 2 Acres
Lot Size Area: 1.67
Lot Size Units: Acres
Lot Size Acres: 1.67
Lot Size Square Feet: 72745.2
Water Source: Public
Financial Details
Tax Annual Amount: $6,365
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA Fee: $150
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cimarron Country
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,700 /mo
- 4 Beds
- 2 Baths
- 2,482 ft²
$4,950 /mo
- 5 Beds
- 4 Baths
- 3,507 ft²
Listed by: Yvonne Pruneda, Nan & Company Properties - Corporate Office (Heights)
Last Updated: 3 months ago
Data Source: HAR , MLS# 79584175
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 3 months ago
Data Source: HAR , MLS# 79584175
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017