Land developer company president sells The Woodlands 5BD

Thomas E. Lipar and Melany Lipar have listed for sale a five-bedroom, 5.5-bath home at 161 Grogans Point Road in The Woodlands for $749,000.

The 5,203-square-foot house was built in 1992 in the Village of Grogan's Mill. Cheryle Sanderson of Prudential is the listing agent.

Mr. Lipar is the founder, chairman, and CEO of LGI Development, a Texas land development company. Early in his career, he worked at Patten Corporation and took various roles including that of president of a major division. He also worked as a general manager of a Ford Motor Company dealership in Michigan.

According to, there have been 2,317 home sales in The Woodlands during the past 12 months.