Sale of Dry Creek Parcels represented by The J. Beard Real Estate Company

THE WOODLANDS, Texas - Diana Gaines of The J. Beard Real Estate Company has represented four of seven parcels sold in a land assemblage totaling approximately 165 acres in Magnolia, Texas. The land is located east of FM 2978 between Woodlands Parkway and FM 2920, off Dry Creek Drive just south of May Valley, and will be used for residential development.

Several of the parcels were owned by the Leslie/Doughtie families since the 1840’s. Last summer, Gaines also represented the sale of the nearby 501-acre Doughtie Parcel for the development of a 600-acre luxury master planned community by Toll Brothers.

“This most recent transaction illustrates the continuing growth of North Houston and South Montgomery County and the increased demand for residential housing,” explained Gaines. “Although it was emotional for the families to sell the property, they recognize the need for progress as development of the submarket areas of The Woodlands continues to expand.”