Approximately 1,200 acres of rolling, wooded, pastured prime property in the heart of Montgomery County, Texas. Located just west of The Woodlands right off of FM 1488. This corridor is one of the fastest growing areas in the county. New, single-family homes are going up all around yet this tranquil acreage is tucked away offering a quiet respite from the city or providing an amazing development opportunity. Magnolia High School is minutes from this property as well as the new FM 1488 overpass. Currently this property serves as a quiet, equine breeding and working ranch.
A family-owned business that enjoys the luxury of the acreage, privacy and serenity. A gorgeous, luxury ranch house is situated perfectly upon a bluff that gently slopes down to Lake Creek. The property was purchased in two different tracts, one with 363 acres and the other with 848 acres. There is approximately 3 miles of Lake Creek frontage. This not only provides a natural barrier to the property, but also offers an opportunity for water mitigation.
The family has about 2 years into the mitigation study which can eventually lead to a massive legacy trust situation. Additionally, plans for a 50 acre lake have been approved by the County. Endless opportunities with a lake are possible. Luxury home sites, recreation and future water rights issues. The owners are open to sub-dividing the property. For those wishing to simply develop the highest tract of approximately 290 acres, is perfect for single-family homesites.
The other offering would be the remaining acreage to be maintained as a water mitigation tract for future legacy trust income. With the amount of area development, the water mitigation piece is a highly desired option for many. Of course pricing is different for the various opportunities.
Pricing is based on a partial offering of the land. For details for the entire tract plus mitigation opportunity must be addressed with the Broker.
From I-45 take FM 1488 West to FM 149 and turn Right (North). Take Karen Switch Rd. Right and follow to Tranquility Ranch gate.
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