1406 Bay Pointe Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 8, 2026 | Listed by Nan & Company Properties-Galveston Office | $429,719 | |
| Listed by Nan & Company Properties-Galveston Office | |||
| Sep 11, 2025 | Listed by Nan & Company Properties - Corporate Office (Heights) | $429,719 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
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1406 Bay Pointe Drive is one of the few remaining bayfront lots available in the coveted Sweetwater Cove subdivision. Offering 5,644 sq. ft. of buildable space on a 12,813 sq. ft. lot, this property is ready for your custom coastal retreat. From the moment you drive into Sweetwater Cove, you’re surrounded by serenity—open spaces filled with native vegetation, water views, and abundant wildlife. This gated, low-density community features underground utilities, concrete streets lined with palms and grasses, and a pristine environment designed to showcase Galveston’s natural beauty. With water views stretching to the north, west, and east over Galveston Bay—or to the south overlooking Sweetwater Lake—Sweetwater Cove offers a rare balance of peace, privacy, and access. Come explore the new growth and development happening in this sought-after subdivision and secure one of the last premier bayfront homesites available.
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| Dec 4, 2024 | No longer available | - | |
| No longer available | |||
| Feb 2, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017