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B+
NoAgentList RatingHow are grades calculated?Info
Days150Days on Market
Views1view
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$1,950,000

28053 Cross Way Oaks, Magnolia, TX, 77355

On MarketInfo
Beds5 Beds
Baths7 Bath
Baths5,666 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.16 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Wine Refrigerator, Convection Oven, Double Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Water Purifier
FlooringCarpet, Slate, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size4.03 acres

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces4

Land Information

APN5799-12-03700
Lot Number36-37
SubdivisionHigh Meadow Ranch 12
Land UseResidential
Legal DescriptionS579912 - HIGH MEADOW RANCH 12, BLOCK 1, LOT 36, 37, (AKA HIGH MEADOW RANCH 12-A, BLOCK 1, LOT 1 P#2008-055047)
Census Tract690205
Assessed Land Value$501,360
Assessed Improvement Value$1,513,975
Assessment Year2025

About this property

6,765 sq ft estate with resort-style amenities and multigenerational flexibility. Includes main residence, RV garage with full apartment, and separate guest house. Elevator connects both levels of the main home featuring library, media room, and two staircases. Generac 48KW whole-home generator, solar vents, and mosquito misting system add comfort and efficiency. Outdoor living includes a negative-edge pool with grotto, slide, spa, fire features, and a 3,300 sq ft pavilion kitchen with granite bar, grill, and fire pit. RV garage has 50-amp hookups, A/C, and upstairs suite. Guest house offers full kitchen, ADA shower, and covered patio. Features putting green, irrigation, and landscape lighting. Minutes to High Meadow Ranch Golf Club, Unity Park, and SH 249. Please check out the YouTube video tour! Too much to mention!

Investor Tools

$0Estimated Mortgage Balance
$2,161,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,966 /month
Positive
Cash Flow Estimate:
$4,322 /month

Interested in this property?

Gabrielle Strout

Compass RE Texas, LLC - Memorial

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,639/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,863
$1,963,225
2025
$501,360
$1,513,975
$2,015,335
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,863
$1,963,225

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,161,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Magnolia

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28053 Cross Way Oaks | Property Details | No Agent List