




$409,000
NAL Estimated Property Value518 Fairbanks Dr, Magnolia, TX, 77354
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About this property
Charming 3-bed, 2-bath home on nearly a quarter-acre oversized lot in the Westwood community (Magnolia ISD). Features a split floor plan, formal living or flex space, and an open layout with the kitchen, breakfast room, and living area—great for entertaining. The spacious primary suite includes two walk-in closets, a soaking tub, and a separate shower. Recently painted inside and out, with updated, tinted windows installed in the past year. Enjoy the extended covered back patio, mature trees, and a gated driveway into the backyard. The property also includes a 22x30 shop with 5ft overhang, two roll-up doors, a pass-through door, A/C, electricity, and overhead storage—plus an additional storage building. Community pool access included. A perfect mix of comfort, functionality, and space!
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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: Magnolia
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