$850,000 Last Listed Price
●
Land -
Off Market
3201 Hwy 87
Crystal Beach, TX 77650
Studio
0 Bath
$851,425
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Located on the bay side of Highway 87, this tract features
approximately 1,765 feet of highway frontage. The tract runs from
Highway 87 northwards across the ICW and includes acreage on Goat
Island or that is submerged. Approximately 33 to 40 acres along the
highway are believed to be uplands.
The Bolivar Peninsula is a fantastic stretch of the upper Texas Coast. Excellent fishing can be found in the adjacent Galveston Bay and in the surf. Located minutes away from the Anahuac and McFaddin National Wildlife Refuges, along with the Houston Audubon Society's sanctuaries at High Island, the area is a birder's paradise, and Bolivar Flats is designated as a Globally Important Bird Area. Galveston is a short drive and ferry ride away.
Sanitary sewer and water are to the site, with electric service available and across the highway.
Neither Seller nor Broker is making any representations as to wetlands or jurisdictional classification of acreage-buyer must conduct their own due diligence.
The Bolivar Peninsula is a fantastic stretch of the upper Texas Coast. Excellent fishing can be found in the adjacent Galveston Bay and in the surf. Located minutes away from the Anahuac and McFaddin National Wildlife Refuges, along with the Houston Audubon Society's sanctuaries at High Island, the area is a birder's paradise, and Bolivar Flats is designated as a Globally Important Bird Area. Galveston is a short drive and ferry ride away.
Sanitary sewer and water are to the site, with electric service available and across the highway.
Neither Seller nor Broker is making any representations as to wetlands or jurisdictional classification of acreage-buyer must conduct their own due diligence.
Unit Size
-
Days on Market
-
Land Size
197.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$254
HOA Dues
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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: 4 months ago (HAR #3771296)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2023 | Sold | ||
| Sold | |||
| Oct 6, 2022 | Listed by Republic Ranches, LLC | $850,000 | |
| Listed by Republic Ranches, LLC | |||
| | |||
|
Located on the bay side of Highway 87, this tract features approximately 1,765 feet of highway frontage. The tract runs from Highway 87 northwards across the ICW and includes acreage on Goat Island or that is submerged. Approximately 33 to 40 acres along the highway are believed to be uplands.
The Bolivar Peninsula is a fantastic stretch of the upper Texas Coast. Excellent fishing can be found in the adjacent Galveston Bay and in the surf. Located minutes away from the Anahuac and McFaddin National Wildlife Refuges, along with the Houston Audubon Society’s sanctuaries at High Island, the area is a birder’s paradise, and Bolivar Flats is designated as a Globally Important Bird Area. Galveston is a short drive and ferry ride away.
Sanitary sewer and water are to the site, with electric service available and across the highway.
Neither Seller nor Broker is making any representations as to wetlands or jurisdictional classification of acreage—buyer must conduct their own due diligence.
| |||
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About Bolivar Peninsula
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Listed by: J Bryan Pickens, Republic Ranches, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 3771296
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Last Updated: 4 months ago
Data Source: HAR , MLS# 3771296
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