Location: Magnolia, Texas
Price: $18.75 million Just 40 miles from Houston, this 185-acre property—known as Emerald Lake Estate—includes a 25-acre lake, botanical gardens, Japanese gardens, and a private beach peppered with palm trees. Agent: Lauren Haass Kiker, Kuper Sotheby's International Realty
Previously: A Caribbean Hideaway with a (Multi)Million-Dollar View Write to Gina Faridniya at gina.faridniya@dowjones.com