$150,000 Last Listed Price
●
Land -
Off Market
3642 Foremast Drive
Galveston, TX 77554
Studio
0 Bath
$159,133
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Beautiful lot in sought-after Laffites Cove on the West end
of Galveston Island. This is the perfect lot to build your weekend
get-a-way or your home. This oversized lot could provide a beach
view looking straight down 11 mile road to the beach. A short trip
in the golf cart to the beach, the bay and Galveston Country Club.
Social membership to Galveston Country Club conveys with property .
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$61
HOA Dues
$62
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: 6 months ago (HAR #54914182)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2025 | Listed by Caravella Coastal a division of The Real Estate Brokerage Co. LLC | $145,000 | |
| Listed by Caravella Coastal a division of The Real Estate Brokerage Co. LLC | |||
| | |||
|
Looking for a bayside neighborhood without the revolving door of short-term rentals in the area? This property fits the bill and even conveys with the coveted Galveston Country Club membership! Beautiful, interior lot located in sought-after Laffites Cove on the west end of Galveston Island. This is the perfect lot to build your weekend get-a-way or permanent residence. This oversized lot could provide a beach view looking straight down 11 Mile Road to the beach. Just a short trip in the golf cart to the beach, marina, Galveston Country Club and Waterman's Restaurant. No short-term rentals allowed.
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| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Jun 21, 2023 | Listed by RE/MAX Leading Edge | $1,295,000 | |
| Listed by RE/MAX Leading Edge | |||
| | |||
|
Are you looking for a new construction in Laffite's Cove with water views? Not sure you want to go through the stress of planning, picking and building it yourself? This is a proposed custom home presented by Kai-Custom Homes, one of the elite home builders on the West End. The construction process HAS NOT started, but the builder is ready to start when you are. The photos represent renderings, floorplan and "ideas" for the cosmetic features. The home will be constructed with Hardi-siding, spray foam insulation, wood floors throughout, and composite decking with waterproofed deck on 3rd floor. The floorplan is currently designed for a "reverse floorplan" so you an maximize your views; however, this could also be built without being a reverse floor plan. The home should have views of the Gulf and the pond adjacent to the lot. Social Membership to Galveston Country Club is included with the sale.
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| Dec 30, 2022 | Sold | ||
| Sold | |||
| Oct 15, 2022 | Listed by BHGRE Gary Greene | $150,000 | |
| Listed by BHGRE Gary Greene | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Pirates Cove
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Listed by: David Herrin, BHGRE Gary Greene
Last Updated: 6 months ago
Data Source: HAR , MLS# 54914182
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Last Updated: 6 months ago
Data Source: HAR , MLS# 54914182
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