$35,000 Last Listed Price
●
Land -
Off Market
3045 Sandy Lane
Palacios, TX 77465
Studio
0 Bath
$34,804
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
2 Lots!! Must purchase all together. $35,000 PER EACH LOT. APN:
89301 & 89300.
Embrace coastal living at its finest, as this vacant lot is just a stone's throw away from the breathtaking Gulf Coast beaches, where you can relish in the sun, surf, and sand. Whether you're an outdoor enthusiast, a nature lover, or simply seeking a peaceful retreat, this property offers an array of opportunities for leisure and relaxation. Club house with Pool, Tennis courts, basketball court and kids playground fully built. Boat access to water available. Very private area. Investors will find tremendous potential in this lot as well, given the growing popularity of the Palacios area and its increasing appeal to those seeking coastal living, making it a promising opportunity for future development.
Embrace coastal living at its finest, as this vacant lot is just a stone's throw away from the breathtaking Gulf Coast beaches, where you can relish in the sun, surf, and sand. Whether you're an outdoor enthusiast, a nature lover, or simply seeking a peaceful retreat, this property offers an array of opportunities for leisure and relaxation. Club house with Pool, Tennis courts, basketball court and kids playground fully built. Boat access to water available. Very private area. Investors will find tremendous potential in this lot as well, given the growing popularity of the Palacios area and its increasing appeal to those seeking coastal living, making it a promising opportunity for future development.
Unit Size
-
Days on Market
-
Land Size
0.68 acres
Price per sqft
-
Property Type
Land
Property Taxes
$116
HOA Dues
$125
Year Built
-
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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: 5 months ago (HAR #40690702)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2023 | Sold | ||
| Sold | |||
| Aug 2, 2023 | Listed by Master Key Realty | $35,000 | |
| Listed by Master Key Realty | |||
| | |||
|
2 Lots!! Must purchase all together. $35,000 PER EACH LOT. APN: 89301 & 89300.
Embrace coastal living at its finest, as this vacant lot is just a stone's throw away from the breathtaking Gulf Coast beaches, where you can relish in the sun, surf, and sand. Whether you're an outdoor enthusiast, a nature lover, or simply seeking a peaceful retreat, this property offers an array of opportunities for leisure and relaxation. Club house with Pool, Tennis courts, basketball court and kids playground fully built. Boat access to water available. Very private area. Investors will find tremendous potential in this lot as well, given the growing popularity of the Palacios area and its increasing appeal to those seeking coastal living, making it a promising opportunity for future development.
| |||
Property Highlights
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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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Matagorda
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Listed by: Hossein Tavakoli, Master Key Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 40690702
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Last Updated: 5 months ago
Data Source: HAR , MLS# 40690702
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