236 County Road 406
About This Property
Welcome to 236 County Road 406 in Palacios, a truly special waterfront estate offering privacy, natural beauty, and thoughtful custom features rarely found in one property. Nestled along an oxbow of the Tres Palacios River, this approximately five-acre retreat features nearly 1,000 ft of river frontage, a private fishing deck, and water access leading toward Matagorda Bay. Built in 2015, the custom home offers approximately 3,185 sqft of living space, with 3 bedrooms and 2.5 bathrooms.
A buried propane tank powers the home and its automatic whole-house Generac generator, providing reliable backup power during outages. The spacious covered area beneath the home offers parking for multiple vehicles and includes an RV hookup. The property also includes a treehouse/deer blind and attracts abundant wildlife, creating the atmosphere of a private nature retreat.
Schedule your private showing and experience it for yourself!
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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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$599,999
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed by Karen Davis Properties | $649,900 | |
| Listed by Karen Davis Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017