Magnolia

Academy Sports + Outdoors Breaks Ground at Magnolia Village Mixed-Use Center

Construction is officially underway on a new 55,000-square-foot Academy Sports + Outdoors located at the corner of FM 1488 and Spur 149. The project is part of the larger Magnolia Village development, which recently received city approval for a 28-acre expansion planned to include a major home-improvement anchor.

Real estate impact: Expanding retail convenience at the FM 1488 and Spur 149 intersection enhances the quality of life for local residents by reducing travel times for sporting and home goods, increasing neighborhood desirability.

Toll Brothers Launches New Luxury Home Community Within Audubon Master Plan

Toll Brothers has announced the commencement of site work for 'Toll Brothers at Audubon,' a luxury enclave featuring expansive 80-foot-wide homesites and home designs up to 6,100 square feet. The community is slated to open for sales in summer 2026, offering resort-style amenities and proximity to the new SH 249 tollway.

Real estate impact: The introduction of a premier luxury builder like Toll Brothers into the Magnolia market signals strong upmarket demand and is likely to increase the price floor for new construction in the immediate vicinity.

Magnolia ISD Voters Approve $465 Million Bond for New High School and Elementary Schools

In a May 2026 election, 63% of voters approved a $465.7 million bond package to address rapid enrollment growth in the district. The funding is earmarked for a third high school on the FM 1486 corridor, two new elementary schools (including one in the Kresston development), and significant safety and technology upgrades.

Real estate impact: The addition of a new high school and multiple elementary campuses directly supports property values in high-growth corridors like FM 1486 and SH 249, making the area more attractive to families.