6
Map
$399,000
●
Land -
In Contract
537 Ruel Lane
Magnolia, TX 77355
Studio
0 Bath
$2,561
Est. Monthly
$54
HOA / Fees
About This Property
10.1 ACRES IN SOUGHT-AFTER RIVER PARK RANCH IN MAGNOLIA, TEXAS.
ENJOY THE PEACE AND OPEN SPACE OF COUNTRY LIVING WITH THE
CONVENIENCE OF CITY AMENITIES JUST A SHORT DRIVE AWAY. THIS
GENEROUS PROPERTY OFFERS AN EXCELLENT OPPORTUNITY TO BUILD YOUR
DREAM HOME WITH PLENTY OF ROOM TO CREATE THE LIFESTYLE YOU
ENVISION, INCLUDING SPACE FOR OUTDOOR LIVING, A POOL, A WORKSHOP, A
BARN, OR OTHER IMPROVEMENTS SUBJECT TO COMMUNITY GUIDELINES AND
APPROVALS. THE PROPERTY ALREADY FEATURES A HOUSE PAD IN PLACE AND
TWO PONDS, ADDING BOTH FUNCTIONALITY AND NATURAL CHARM. ZONED TO
MAGNOLIA ISD AND CONVENIENTLY LOCATED WITH EASY ACCESS TO FM 1774,
FM 1488, THE GRAND PARKWAY, AND THE AGGIE EXPRESSWAY. MINUTES FROM
DINING, SHOPPING, ENTERTAINMENT, AND THE CONTINUED GROWTH OF
MAGNOLIA. A RARE OPPORTUNITY TO OWN ACREAGE IN A DESIRABLE LOCATION
WITH SPACE, PRIVACY, AND EXCELLENT POTENTIAL.
Unit Size
-
Days on Market
-
Land Size
10.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$548
HOA Dues
$54
Year Built
-
Listed By
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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: 23 hours ago (HAR #77771964)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by RE/MAX The Woodlands & Spring | $399,000 | |
| Listed by RE/MAX The Woodlands & Spring | |||
| Jan 20, 2026 | No longer available | - | |
| No longer available | |||
| Jan 20, 2025 | Listed by RE/MAX The Woodlands & Spring | $399,000 | |
| Listed by RE/MAX The Woodlands & Spring | |||
| | |||
|
10.1 Acres in sought after River Ranch. Country living at its best with the convenience of the city just a short drive away. Come build your dream home on this generous property with plenty of room for your horses or cows, barn and pool. House pad in place & 2 ponds on the property! Zoned to Magnolia ISD. Magnolia is growing and there is easy access to FM 1774, FM 1488, The Grand Parkway and the new Aggie Expressway! Conveniently located within minutes to great dinning, shopping and entertainment.
| |||
| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Exterior Details
Lot Features: Subdivision, 10 Up to 15 Acres
Lot Size Area: 10.1
Lot Size Units: Acres
Lot Size Acres: 10.1
Lot Size Square Feet: 439956
Financial Details
Tax Annual Amount: $6,570
Utilities Details
Sewer : Septic Tank
Location Details
HOA Fee: $650
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
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HOA + Taxes
About Montgomery
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Listed by: Luz Elena Jaramillo, RE/MAX The Woodlands & Spring
Last Updated: 23 hours ago
Data Source: HAR , MLS# 77771964
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Last Updated: 23 hours ago
Data Source: HAR , MLS# 77771964
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