$59,000 Last Listed Price
●
Land -
Off Market
100 Indigo Drive
Palacios, TX 77465
Studio
0 Bath
$62,263
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Three consecutive lots at 1/2 acre in the gated and bay front
community of Cape Carancahua. 100 Indigo is in the center of the
community which offers easy access to all of the amenities
available to property owners. Neighborhood features: 2 Lighted
Fishing Piers, Boat Ramp, 2 Pools, Community Center, Covered
Pavilion, Playground, Security Gate and more. This property is set
up with 2 RV parking pads, 2 30 ft wide driveways w/culverts,
electric service, water connection, aerobic septic system with dual
connections and 3 sprinkler heads and 10'x12' storage shed.
Use for recreation or purchase and begin building your dream
home. You'll be enjoying the South Texas coastal sunsets in no
time!
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$47
HOA Dues
$50
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (HAR #78585500)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Listed by RE/MAX Professionals | $69,000 | |
| Listed by RE/MAX Professionals | |||
   | |||
|
Discover your perfect escape with these three consecutive lots in the highly sought-after, gated, bay-front community of Cape Carancahua. The neighborhood boasts a plethora of features, including two illuminated fishing piers, a boat ramp, two sparkling pools, a community center, a covered pavilion, a playground, gated entry, and more. Experience luxury living at its finest! Take advantage of the two RV parking pads and two 30-ft-wide driveways, complete with culverts, electric service, water connections, aerobic septic system and beautiful shade trees positioned on this picturesque property. Plus, there's a sizable 10'x12' storage shed. Utilize these incredible features for recreation, or begin building your dream home in this ideal location. You'll soon be relishing the magnificent South Texas coastal sunsets from the comfort of your own piece of paradise. Don't wait, start living the life you deserve today!
| |||
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | In contract | - | |
| In contract | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Justin Guyer, RE/MAX Professionals
Last Updated: 5 months ago
Data Source: HAR , MLS# 78585500
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Last Updated: 5 months ago
Data Source: HAR , MLS# 78585500
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