$87,000 Last Listed Price
●
Land -
Off Market
1685 W Bayshore Drive
Palacios, TX 77465
Studio
0 Bath
$101,794
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Waterview lots ready to build or enjoy. Whether you are looking for
a prepared home site or a vacation destination in the RV, this
property is it! Existing improvements include storage building w/
refrigerator and electric connections, electric, water, aerobic
septic system, solid concrete driveway and culvert, all on 1/2
acre. Cape Carancahua Community offers a multitude of amenities
such as: boat ramp, 2 pools, 3 lighted fishing piers, parks,
playground, community center, outdoor pavilion and friendly
atmosphere. Listing includes tax IDs R13748, R13749, & R13797
Unit Size
-
Days on Market
-
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$56
HOA Dues
$50
Year Built
2022
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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 #45607227)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Relisted | $339,900 | |
| Relisted | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 6, 2024 | Listed by RE/MAX Professionals | $339,900 | |
| Listed by RE/MAX Professionals | |||
| | |||
|
Experience coastal living at its finest in this fully furnished, custom-built home located at 1685 W Bayshore Dr in the gated community of Cape Carancahua. Situated on 3 lots, this residence offers breathtaking south-facing views from sunrise to sunset. Built in 2022, it boasts high ceilings, extra-tall doors, and an open-concept layout, with spacious bedrooms and plenty of storage options. The kitchen features wraparound granite counters and stainless steel appliances with pantry and custom soft-close cabinets. Enjoy the coastal breeze through bamboo window blinds and bask in natural light against bright white walls. Community amenities include 2 pools, 3 fishing piers, a boat ramp, community center, pavilion, and playground. Drop your bags and embrace the relaxed coastal lifestyle in this turnkey retreat.
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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# 45607227
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Last Updated: 5 months ago
Data Source: HAR , MLS# 45607227
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