1200 acre Development Opportunity ~
Montgomery County, TX
An absolutely fantastic development opportunity on 1200 beautiful acres approximately 7 miles from The Woodlands. Minutes from shopping, excellent schools and major roadways. Perfect for a single-family home development.
This unique property already has an approved 54-acre lake site which would be a valuable amenity to future homeowners. Excellent access to FM 1488. Only 2 miles to either Magnolia H.S. or Magnolia Parkway Elementary School.
The FM 1488 corridor is undergoing massive changes and development. The corner of FM 1488 and FM 149 is currently seeing a major overpass being constructed. This will dramatically enhance the commercial and single-family residential opportunities. 
The land was purchased in two different tracts creating the 1,200 contiguous acreage. One tract which offers the development piece is approximately 363 acres of which approximately 290 are develop-able. The remaining tract consists of 848 acres.
Lake Creek runs approximately 3 miles on the north side of the property providing not only a natural barrier to the land but also water mitigation opportunities. The Water Conservation Act of 2009 now offers land owners excellent opportunities for creating a legacy trust by selling water mitigation credits.
Immense economic opportunities abound with this unique property. Contact Paula McDonald today to learn more about this beautiful property. Property is divisible and therefore, pricing will reflect how the property is divided.
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