
$350,000
3 beds | 2 baths | 1,793 sqft
5503 Teakwood Lane, Magnolia, TX

$549,999
Roughly $3,364/mo at 20% down, 6.5% over 30 years, including tax. That is 43% above the $384,990 median across 904 homes for sale in Magnolia.
Written by Jay from this home’s 42 listing photos
This turnkey, two-story traditional brick home features a shingle roof, a front porch, and maintained landscaping on a private wooded lot with tree views. Inside
No known risk factors reported for this home.
Magnolia
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Explore the map| Aug 26, 2026Listed for sale | $550,000 |
402 FAIRBANKS Drive, Magnolia, TX is listed at $549,999, or about $185 per square foot.
This home has 4 bedrooms and 2.5 bathrooms across 2,971 square feet, and was built in 1997.
Property tax is $7,000 per year.
402 FAIRBANKS Drive, Magnolia, TX is served by TOM R. ELLISOR ELEMENTARY SCHOOL (Elementary), BEAR BRANCH JUNIOR HIGH SCHOOL (Middle), MAGNOLIA HIGH SCHOOL (High). The home is zoned to the Magnolia school district.
This listing has 1 recorded price event. It was first listed at $550,000 on Aug 26, 2026, and is now listed at $549,999. The full history is shown above.
At 20% down on a 6.5% 30-year fixed rate, principal and interest on 402 FAIRBANKS Drive, Magnolia, TX come to about $2,781 a month. Adding property tax of about $583 brings the estimate to about $3,364 a month. Insurance is not included.
$549,999 is about 43% above the $384,990 median list price across the 904 homes for sale in Magnolia, TX. The comparable homes below run $350,000 to $609,000.
Yes — 402 FAIRBANKS Drive, Magnolia, TX is currently listed for sale on GotNest.
Listed by Sandra Stobaugh · Walzel Properties - The Woodlands · MLS #TREC#0707997 · Source: HAR