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Matagorda 77465
2941 Palacios Bay Drive
$57,000 Last Listed Price
● Land - Off Market

2941 Palacios Bay Drive

Palacios, TX 77465
bedrooms
Studio
bathrooms
0 Bath
$56,788
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome to beachside water view community in Palacios. This cleared lot is ready for new construction. This property can be your homestead or your producing income. Beachside community offers a quiet gated, bay view community with grand amenities such as a club House, resort lifestyle pool, basketball court, tennis court and playground. Come enjoy your beach life and fishing and crabbing. Schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$117
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (HAR #11014408)

Price History

Date / Event Date Event Price
Oct 6, 2023 Sold
Premium
Sold
Aug 21, 2023 Listed by Keller Williams Signature $57,000
Listed by Keller Williams Signature
Welcome to beachside water view community in Palacios. This cleared lot is ready for new construction. This property can be your homestead or your producing income. Beachside community offers a quiet gated, bay view community with grand amenities such as a club House, resort lifestyle pool, basketball court, tennis court and playground. Come enjoy your beach life and fishing and crabbing. Schedule your showing today!

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,455
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BEACHSIDE SUBDIVISION
  • Land Acres: 0000000194
  • Standard Land Use Code: 8000
  • County Land Use Code: C3
  • Legal Description 1: BEACHSIDE, LOT 17

Neighborhood

  • School District Name: Palacios Independent School District
  • School Tax School District: 63 90
  • Census Tract: 730600

Geography

  • Account Number: 1395-0000-001700
  • Parcel: 88987
  • Lot: 17
  • Municipality: PALACIOS
  • Latitude: 28.6951
  • Longitude: -96.244

    Address

  • Full Address: 2941 Palacios Bay
  • Address - House Number: 2941
  • Address - Street Name: Palacios Bay
  • State: TX
  • City Name: Palacios
  • Zip Code: 77465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $104,066
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 10 23 31 4

    Market Valuation

  • Market Total Value: $44,750
  • Market Land Value: $44,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,750
  • Assessed Land Value: $44,750

    Sales

  • Current Sale Contract Date: Oct 17, 2023
  • Current Sale Recording Date: Oct 17, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6134
  • Previous Sale Recording Date: Oct 10, 2023
  • Previous Sale Contract Date: Oct 06, 2023
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Matagorda

Stats & Trends

Median Asking:

$257,900

Sale Price/ft²

$158

Below Asking

0.04%

Average Days on Market

87

Average Home Size

1668 ft²

Average Home Age

37.3 years

Currently For Sale

317 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 501 Henderson Ave, TX, 77465

$826 /mo

  • 3 Beds
  • 1 Bath
501 Henderson Ave, TX, 77465 Listing by Rick Rivera
Unit for rent at 747 Waypoint Drive, Palacios, TX, 77465

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,564 ft²
747 Waypoint Drive, Palacios, TX, 77465 Listing by Pearl Ngo

Rentals Near You

Click here to view more rentals in the neighborhood.
HAR

Listed by: Linh Phan, Keller Williams Signature
Last Updated: 4 months ago
Data Source: HAR , MLS# 11014408
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 2941 Palacios Bay Drive built and last sold?
The property at 2941 Palacios Bay Drive was built in and last sold on Oct 17, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 2941 Palacios Bay Drive is $57,570.
What are some comparable homes to 2941 Palacios Bay Drive?
There are currently no comparable homes to 2941 Palacios Bay Drive.
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