3 months on rocket

5990 Magnolia, Eustace, TX, 75148

$3,400,000

35.81 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
WaterfrontDock, Boat Slip, Lake Front, Waterfront
MLS #20690520
Lot Size35.81 Acres
StatusActive

About 5990 Magnolia

This tract is one of those few opportunities to secure acreage along the shorelines of Cedar Creek Lake. This beautiful 35.81-acre property has an impressive 1,848 feet of natural shoreline. What an investment to simply hold and enjoy with ag exempt property taxes of less than $100 per year until the timing is right for you to develop or build your family lakeside compound! Want to enjoy waterfront weekends meanwhile? There is currently power, water and septic set up with an ultra modern container home that is compact, but everything one needs for a peaceful weekend! Scattered mature trees abound throughout this property; beautifully framing these elevated waterviews. Countless potential to develop these parcels into luxury waterfront home sites like those across the cove, tiny home community, RV park, acreage homes with marina slips, ample road frontage for storage units, covered boat storage, let's explore the possibilities! SELLER FINANCING AVAILABLE 30% cash down.

Property Details

Property Features

Listing Office:

  • Office Name: TX Lake & Land Real Estate
  • Office Phone: (903) 802-7080
  • Listing Agent: Tammy Hosch

Exterior Features

Exterior Information:

  • Waterfront: Dock, Boat Slip, Lake Front, Waterfront
  • Exterior: Boat Slip, Dock

Virtual/3D Tour

  • Virtual Tour: 5990 Magnolia
Virtual Tour

Lot Features

Lot Information:

  • Lot: Irregular Lot, Many Trees, Waterfront
  • Lot Size: 35.81 Acres

School Info

Assigned Schools Information:

  • Eustace High School, Public District Grades 9-12
  • Eustace Middle School, Public District Grades 6-10
  • Eustace Intermediate School, Public District Grades 3-5

Other

Directions Information:

  • Directions: From Dallas take 175 towards Athens. Turn Right on FM 316 in Eustace. Turn Right on 3054, property will be on your Left. It appears as a dirt road access that runs parallel with the FM 3054. Follow that road through the gate and it will lead eventually down to the container home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,400,000
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Housing Market Comparison

See how this home compares to others in Eustace, TX.

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Eustace, TX

City

Med. List Price

$325K

Med. Price/SqFt

$207

Avg. Days On Market

115

# of Sold Homes

4

5990 Magnolia vs Eustace

92 DAYS ON ROCKET

-23 Days

$3,400,000

+$3.0M More

KEY TAKEAWAY

This property is $3.0M more than the Median List Price in Eustace, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20690520

Listing Office:

  • Office Name: TX Lake & Land Real Estate
  • Office Phone: (903) 802-7080
  • Listing Agent: Tammy Hosch

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/5/2024, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$17K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.2K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1987991
6
/10

  • Eustace Intermediate School

  • 205 W Henderson St

  • 5.22 miles

  • Public District Grades 3-5

High School

school-card-donut-1987992
5
/10

  • Eustace High School

  • 318 F M Rd 316 South

  • 5.13 miles

  • Public District Grades 9-12

school-card-donut-1987993
8
/10

  • Eustace Middle School

  • 200 F M Rd 316 South

  • 5.24 miles

  • Public District Grades 6-10

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,112. Typical income of Eustace, TX residents is between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5990 Magnolia

What is the listing price of this property?

The listing price of 5990 Magnolia property is $3,400,000.

What type of property is this?

The property 5990 Magnolia is land located in Eustace, Texas, 75148.

Is this property for sale now?

Active Listing: 5990 Magnolia is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5990 Magnolia are:
Eustace Intermediate School: GreatSchools Rating 6/10
Eustace High School: GreatSchools Rating 5/10
Eustace Middle School: GreatSchools Rating 8/10

How much acreage is this property?

The property 5990 Magnolia is 35.81 acres.
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Rocket Homes›Texas›Henderson County›Eustace›75148›5990 Magnolia

This home is located at 5990 Magnolia in Eustace, TX and zip code 75148. This home sits on a 35.81 acre lot. It has been listed on Rocket Homes since August 04, 2024 and is currently priced at $3,400,000.

The inventory of homes for sale in Eustace, TX between September 2024 and October 2024 increased by 15.2%. While the average time on the market in October 2024 was 115 days, the median list price was $325,000.

From Rocket Homes Real Estate and based on county public records data.

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