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Matagorda 77465
3068 Palacios Bay Drive
$90,000 Last Listed Price
● Land - Off Market

3068 Palacios Bay Drive

Palacios, TX 77465
bedrooms
Studio
bathrooms
0 Bath
$671
Est. Monthly
$125
HOA / Fees

About This Property

Growing Gated Community with Gulf Views. Club house with Pool, Tennis courts, basketball court and kids playground fully built. This large lots is right across the street from the water. Boat access to water available. Very private area with no tourists. Private beach access. If you like peaceful gulf views this is for you. More amenities for residents on the way. Property values will continue to increase as the community grows. Get them while you can at this low price.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$104
HOA Dues
$125
Year Built
-

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Cap Rate Calculator

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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 #64838500)

Price History

Date / Event Date Event Price
Apr 16, 2024 Sold
Premium
Sold
Apr 3, 2024 In contract -
In contract
Nov 25, 2023 Listed by eXp Realty LLC $90,000
Listed by eXp Realty LLC

Property Highlights

With View

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: 8,751
  • Lot Size Depth Feet: 1,750
  • 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
  • Land Acres: 0000000201
  • Standard Land Use Code: 8000
  • County Land Use Code: C3
  • Legal Description 1: BEACHSIDE, LOT 133

Neighborhood

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

Geography

  • Account Number: 1395-0000-013300
  • Parcel: 89103
  • Lot: 133
  • Municipality: PALACIOS
  • Latitude: 28.6915
  • Longitude: -96.2457

    Address

  • Full Address: 3068 Palacios Bay
  • Address - House Number: 3068
  • Address - Street Name: Palacios Bay
  • State: TX
  • City Name: Palacios
  • Zip Code: 77465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $104,066
  • 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
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:

$259,431

Sale Price/ft²

$158

Below Asking

0.04%

Average Days on Market

91

Average Home Size

1602 ft²

Average Home Age

39.6 years

Currently For Sale

277 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

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HAR

Listed by: Travis Wade, eXp Realty LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 64838500
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 3068 Palacios Bay Drive built and last sold?
The property at 3068 Palacios Bay Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3068 Palacios Bay Drive is $90,900.
What are some comparable homes to 3068 Palacios Bay Drive?
There are currently no comparable homes to 3068 Palacios Bay Drive.
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