
$392,000
4 beds | 3 baths | 2,371 sqft
42718 Mystery Lane, Magnolia, TX

$406,000
Roughly $2,053/mo at 20% down, 6.5% over 30 years, before tax and HOA. That is 5% above the $384,990 median across 904 homes for sale in Magnolia.
Written by Jay from this home’s 10 listing photos
This turn-key, traditional single-story brick home features a shingle roof, professional landscaping, a covered patio, and a large yard with room for a pool. Inside, the open-concept layout offers high ceilings, abundant natural light, light wood hardwood and tile flooring, white walls, and a visible home office. The open kitchen includes an island, custom off-white cabinets, white quartz countertops, stainless steel appliances, and a gas range. The primary bath features a double vanity, a soaking tub, and a walk-in shower, while additional features include a three-car garage, neighborhood views, community lake views, and access to a neighborhood pavilion and playground.
No known risk factors reported for this home.
Magnolia
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Explore the map| Aug 5, 2026Listed for sale | $406,000 |
1607 Palermo Way, Magnolia, TX is listed at $406,000, or about $170 per square foot.
This home has 4 bedrooms and 3 bathrooms across 2,384 square feet, and was built in 2026.
1607 Palermo Way, Magnolia, TX is served by WILLIE E. WILLIAMS ELEMENTARY SCHOOL (Elementary), MAGNOLIA PARKWAY JUNIOR HIGH (Middle), MAGNOLIA WEST HIGH SCHOOL (High). The home is zoned to the Magnolia school district.
This listing has 1 recorded price event. It was first listed at $406,000 on Aug 5, 2026. The full history is shown above.
At 20% down on a 6.5% 30-year fixed rate, principal and interest on 1607 Palermo Way, Magnolia, TX come to about $2,053 a month. Insurance is not included.
$406,000 is about 5% above the $384,990 median list price across the 904 homes for sale in Magnolia, TX. The comparable homes below run $378,167 to $449,900.
Yes — 1607 Palermo Way, Magnolia, TX is currently listed for sale on GotNest.
Listed by Beverly Bradley · Weekley Properties Beverly Bradley · MLS #TREC#0181890 · Source: HAR