1697 N Ocean Drive
About This Property
Enjoy the quiet, peaceful living of the Texas Coast with this waterfront lot in Magnolia Beach community, just outside of Port Lavaca. Take in Stunning Sunrises over Lavaca Bay, all within walking distance to the beach. Perfect for the avid fisherman, this property is centrally located overlooking Matagorda & Lavaca Bay, and just a short boat ride to Keller Bay and Port O'Connor-offering access to world-class inshore and offshore fishing. The lot is ready for your vision with electricity and water taps in place, a concrete pad where an RV once sat, and fencing on the right & left sides. Build your vacation home, cottage, or pull in your RV for a weekend escape. You won't find a better spot to enjoy the coast, the water, and the lifestyle!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| May 13, 2026 | Sold | ||
| Sold | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
| Mar 28, 2026 | Price Decreased |
$245,000
↓ $52K
(17.5%) | |
| Price Decreased | |||
| Aug 25, 2025 | Listed by RE/MAX Land & Homes on the Bay | $297,000 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Calhoun
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Last Updated: 6 months ago
Data Source: HAR , MLS# 35819370
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017