303 Pelican St, Magnolia, TX, 77355
About This Home
Discover luxury in this stunning new construction modern farmhouse, set on acreage in Magnolia's Clear Creek Forest and zoned to acclaimed Magnolia ISD. Slated for early summer 2026 completion, this 4 bedroom, 3.5 bath estate blends architectural drama with curated designer finishes. The main level features, a soaring great room, and a culinary dream kitchen boasting light-wood shaker cabinetry, marble-pattern quartz counters, modern backsplash tile, brass pendants, and sleek matte black hardware complimented by a butler pantry. The private main-floor primary retreat offers a spa-like bath with a freestanding tub, large-format grey shower tile, and a massive walk-in closet. A mudroom, laundry, and 3-car garage ensure everyday functionality. Upstairs, find a central game room, a versatile bonus room, and three large secondary bedrooms with walk-in closets. Complete with sweeping front and rear covered porches and light wood-finish floors, this home offers the ultimate acreage lifestyle.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- New construction: Yes
- Year built: 2026
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Cement Siding
Other
- Builder name: MG Custom Homes, LLC
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Microwave,Dishwasher
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Formal Entry/Foyer,High Ceilings,3 Bedrooms Up,Primary Bed - 1st Floor,Walk-In Closet(s)
- Flooring: Carpet,Tile,Vinyl
- Number of fireplaces: 1
- Fireplace features: Electric
- Fireplace: Yes
Heating & Cooling
- Heating features: Electric
- Cooling features: Electric
Interior Area
- Total structure area: 3,301
- Total interior livable area: 3,301 sqft
Kitchen
- Features: Kitchen Island,Kitchen open to Family Room,Walk-in Pantry
Master Bathroom
- Features: Half Bath,Hollywood Bath,Primary Bath: Double Sinks,Primary Bath: Separate Shower,Primary Bath: Soaking Tub,Secondary Bath(s): Double Sinks,Secondary Bath(s): Tub/Shower Combo,Vanity Area
Property
Details
- Parcel number: 74810
Features
- Stories: 2
- Patio & porch: Covered,Porch
Lot
- Lot size: 1.03 Acres
- Features: Back Yard,Build Line Restricted,Subdivided,Wooded,1 Up to 2 Acres
Parking
- Total spaces: 3
- Parking features: Attached,Oversized,Additional Parking
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Lightning
- Hurricane
- Heat Wave
- Inland Flooding
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,792 | $45,504 |
| Home Insurance * | $703 | $8,436 |
| Property Taxes | $900 | $10,800 |
| Electricity | $362 | $4,349 |
| Total | $5,757 | $69,084 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Listed for sale | $750,000 |
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