Unrestricted, 2 tracts totaling 11.4 acres,0.9 mi from FM1488 in the heart of Magnolia, 2.2 miles to new HiWay 249/Aggie Expressway. Great for homestead or homestead and commercial use. 2,012′ main home and 1,042′ guest home with living area, bedroom and bathroom. Many recent improvements – Roof 2020, Water well 2021, PEX piping throughout main home 2021, 27 insulated windows 2020, refinished hardwood floors 2021, 4 ton HVAC in main home 2019, generator 2021, 21′ pool and hot tub with decking 2018.rnCurrent footprint of home and apartment on the 5.53 ac tract provides additional space. Leaving the 5.86 tract 100% available. A few of the possibilities Venue, equine facility, animal clinic, kennels, retreat, nursery, day care, preschool, assisted care, RV park, public storage, rental income units, light manufacturing facility.rnrnTractor and mowers for sale separately – John Deere 790 4wd with loader and Kodiak bush hog, Country Clipper zero turn and Bad Boy zero turn mowers.