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1,400 acres in Magnolia becoming new-home community

​​MAGNOLIA – Johnson Development and IHP Capital Partners ​have purchased the initial phase of what will become a 1,400-acre new-home community. 

The tract is near the intersection of SH​ 249 and FM 1486.

The community will accommodate up to 3,700 units in a mix of single-family homes and townhomes. Builders will receive lots in late 2024.

The Nelson Company brokered the land sale.

​The project is the joint venture’s second development together.

texaslogo.pngThe Texas Real Estate Research Center has more information on housing:​


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