7
Map
$775,000
●
Land -
For Sale
203 Blue Point Road
Clear Lake Shores, TX 77565
Studio
0 Bath
$4,140
Est. Monthly
About This Property
Build your dream waterfront retreat in the heart of Clear Lake
Shores. Positioned along the channel connecting Clear Lake to
Galveston Bay, this exceptional homesite offers approximately 50
feet of waterfront and direct boating access. The property is
already bulkheaded and features a covered boat slip with lift,
making it ideal for enjoying life on the water. Take in beautiful
sunrise and sunset views, along with front-row scenery during
seasonal boat parades and waterfront events. Tucked near the end of
a quiet, low-traffic street within a golf-cart-friendly community,
the location offers convenient access to Kemah Boardwalk, South
Shore Harbour Country Club, dining, shopping, and entertainment.
Soil testing has been completed, and soil reports, an elevation
certificate, and architectural building plans are available with an
acceptable offer.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$334
HOA Dues
-
Year Built
1960
Listed By
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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: 17 days ago (HAR #85039307)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | Listed by Nextgen Real Estate Properties | $775,000 | |
| Listed by Nextgen Real Estate Properties | |||
| Feb 20, 2024 | Sold | ||
| Sold | |||
| Jan 20, 2024 | In contract | - | |
| In contract | |||
| Oct 13, 2023 | Listed by Faron Daigle Realty | $675,000 | |
| Listed by Faron Daigle Realty | |||
| | |||
|
Excellent building site located directly on the channel that connects Clear Lake and Galveston Bay. +/- 50' frontage on the water. Lot is bulkheaded, it has a covered boat slip with lift that provides unrestricted access to the channel and an unrestricted view of seasonal boating parades and events. Spectacular sunrises and sunsets are common. This golf cart community is minutes from the Kemah Boardwalk, South Shore Harbour Country Club and area restaurants and shopping. This lot is located near the end of a low traffic dead-end street. Sellers have conducted soil tests. Soil test results, elevation certificate and architectural building plans are available with an acceptable offer.
| |||
| Sep 1, 2020 | Sold | ||
| Sold | |||
Show More
Property Highlights
With View
Exterior Details
Waterfront Features: Canal Front, Bulkhead
Other Structures: Boat House
Lot Features: Waterfront, Subdivision, 0 Up To 1/4 Acre
Lot Size Area: 0.1951
Lot Size Units: Acres
Lot Size Acres: 0.1951
Lot Size Square Feet: 8498.556
Water Source: Public, Water District
Financial Details
Tax Annual Amount: $4,012
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Clear Lake Shores
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Listed by: Claudia Huato, Nextgen Real Estate Properties
Last Updated: 17 days ago
Data Source: HAR , MLS# 85039307
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Last Updated: 17 days ago
Data Source: HAR , MLS# 85039307
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