$160,000 Last Listed Price
●
Land -
Off Market
16615 Bermuda Way
Jamaica Beach, TX 77554
Studio
0 Bath
$194,572
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
MULTIPLE OFFER SITUATION. PLEASE HAVE ALL OFFERS SUBMITTED BY 5 PM
ON WEDNESDAY 2/10.
PHOTOS BEING TAKEN FRIDAY 2/12.
WOW - Don't miss out on your chance to secure one of the few remaining lots in beautiful Jamaica Beach. Level lot with bulkhead in place. Located on one of the widest canals in Jamaica Beach. Build your dream home or vacation home now or hold and build it later! With just two feet of fill, you can easily and efficiently build your home above current wind storm and flood requirements and SAVE TONS on insurance premiums! (Note that it also has a fire hydrant on site to save you even more!) Add a boat house/lift or just drop in your kayaks for hours of fun on the Bay. Great fishing abounds! Area pool built in 2014, park with playground, pavilion, and basketball court, boat ramp, and public beach. Low taxes and HOA fee.
PHOTOS BEING TAKEN FRIDAY 2/12.
WOW - Don't miss out on your chance to secure one of the few remaining lots in beautiful Jamaica Beach. Level lot with bulkhead in place. Located on one of the widest canals in Jamaica Beach. Build your dream home or vacation home now or hold and build it later! With just two feet of fill, you can easily and efficiently build your home above current wind storm and flood requirements and SAVE TONS on insurance premiums! (Note that it also has a fire hydrant on site to save you even more!) Add a boat house/lift or just drop in your kayaks for hours of fun on the Bay. Great fishing abounds! Area pool built in 2014, park with playground, pavilion, and basketball court, boat ramp, and public beach. Low taxes and HOA fee.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$111
HOA Dues
$3
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 #95855653)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Feb 26, 2024 | Listed by RE/MAX Leading Edge | $999,900 | |
| Listed by RE/MAX Leading Edge | |||
| | |||
|
Recently built, south facing, this canal-front home boasts a pool & hot tub for luxurious living. Featuring 5 bedrooms & 4 bathrooms, this property has excelled as a lucrative short-term rental. It also offers ample space & storage to serve as a comfortable full-time residence. Durable vinyl plank flooring can be found throughout the home & quartz countertops adorn both the kitchen and bathrooms. Each bedroom enjoys direct access to a bathroom, with two of the bedrooms featuring private en-suite bathrooms. Finishes through the home that you will appreciate include two fireplaces, accent decorative wall trim, unique custom tile work in the showers, recessed lighting, & built-in bunkbed room. The pool is strategically located under the home allowing you to still have plenty of yard space for the kids & pets to play. Enjoy a golf cart ride to the beach & a boat ride to open bay waters. The furnishings are negotiable.
| |||
| Apr 30, 2021 | Sold | ||
| Sold | |||
| Feb 9, 2021 | Listed by Keller Williams Advtge Realty | $160,000 | |
| Listed by Keller Williams Advtge Realty | |||
| | |||
|
MULTIPLE OFFER SITUATION. PLEASE HAVE ALL OFFERS SUBMITTED BY 5 PM ON WEDNESDAY 2/10.
PHOTOS BEING TAKEN FRIDAY 2/12.
WOW - Don't miss out on your chance to secure one of the few remaining lots in beautiful Jamaica Beach. Level lot with bulkhead in place. Located on one of the widest canals in Jamaica Beach. Build your dream home or vacation home now or hold and build it later! With just two feet of fill, you can easily and efficiently build your home above current wind storm and flood requirements and SAVE TONS on insurance premiums! (Note that it also has a fire hydrant on site to save you even more!) Add a boat house/lift or just drop in your kayaks for hours of fun on the Bay. Great fishing abounds! Area pool built in 2014, park with playground, pavilion, and basketball court, boat ramp, and public beach. Low taxes and HOA fee.
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About Jamaica Beach
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Listed by: Robyn Scharlach, Keller Williams Advtge Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 95855653
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Last Updated: 5 months ago
Data Source: HAR , MLS# 95855653
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