




$375,000
$400,000
1815 Will Scarlett St, Montgomery, TX, 77316
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About this property
Build your dream home on this beautiful 3-acre property just minutes from Magnolia Proper! Conveniently located off FM 1486 with easy access to the Aggie Expressway, this peaceful tract offers the perfect blend of country living and modern convenience. The existing home is move-in ready and provides an excellent opportunity to live on-site while you build, or with a little TLC to make it your own. The property includes a carport, an additional covered area with a storage shed. Partially cleared with mature shade trees, the lot offers a picturesque setting with room to expand. This established neighborhood is experiencing revitalization with new homes under construction and is located directly across FM 1486 from the Colton development—while still offering the benefits of a no HOA, low tax rate and no MUD tax. The property is on a private water well, conventional septic system, and propane. It has never flooded and is located in FEMA Flood Zone X, indicating a low risk of flooding.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Montgomery
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