Five acres of unrestricted land in a rapidly developing area of Magnolia offers numerous opportunities for this property. The updated home, spanning 2,488 sq ft, is ideal for a live-work situation. With easy access to FM 2920 and the Grand Parkway (99), it could also be suitable for a daycare or senior living facility. The home features an oversized 5 ft x 8 ft island with ample storage, custom solid wood shaker cabinets, leathered granite countertops, a large walk-in pantry, and luxury vinyl plank flooring throughout. The open-concept floor plan features 14-foot vaulted ceilings in the living room and kitchen. The 33x25 concrete patio leading from the French back doors is perfect for entertaining or cooking out. The carport provides ample storage, and a 30-amp RV plug enables easy charging. Additionally, the property is well-suited for horses or livestock, featuring a 3-stall barn with a concrete floor. Alternatively, the barn and land can be utilized for storing business equipment.