18
Map
$158,000 Last Listed Price
●
Land -
Off Market
3819 Mitote Drive
Galveston, TX 77554
Studio
0 Bath
$906
Est. Monthly
$30
HOA / Fees
15.48%
Cap Rate
About This Property
This stunning bayfront lot offers the perfect canvas for your dream
home, whether you're looking for a tranquil primary residence or a
relaxing second home getaway. Situated within Bird Island Cove and
West Bay, this property boasts incredible views and spectacular
sunsets that will take your breath away. As an added bonus, a
wetland delineation has already been conducted and shows 7,350 sq
ft of uplands - plenty of room to build. The property has also been
approved by the U.S. Army Corps of Engineers and is valid until
January 2027. Two steps already completed making it easier
for you to start your building process! The Indian Beach community
offers a swimming pool, tennis courts, beach access, kayak launch,
and fishing pier where you can unwind and reel in the day's catch.
Don't miss out on this opportunity to build your home with the
serene beauty of the bay just steps away, and the sounds of nature
and the gentle waters right outside your door.
Unit Size
-
Days on Market
-
Land Size
1.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$99
HOA Dues
$30
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: 4 months ago (HAR #85126211)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 19, 2025 | Listed by RE/MAX Leading Edge | $158,000 | |
| Listed by RE/MAX Leading Edge | |||
| Feb 6, 2025 | Listed by RE/MAX Leading Edge | $162,500 | |
| Listed by RE/MAX Leading Edge | |||
| | |||
|
This stunning bayfront lot offers the perfect canvas for your dream home, whether you’re looking for a tranquil primary residence or a relaxing second home getaway. Situated within Bird Island Cove and West Bay, this property boasts incredible views and spectacular sunsets that will take your breath away. As an added bonus, a wetland delineation has already been conducted and shows 7,350 sq ft of uplands - plenty of room to build. The property has also been approved by the U.S. Army Corps of Engineers and is valid until January 2027. Two steps already completed making it easier for you to start your building process! The Indian Beach community offers a swimming pool, tennis courts, beach access, kayak launch, and fishing pier where you can unwind and reel in the day's catch. Don't miss out on this opportunity to build your home with the serene beauty of the bay just steps away, and the sounds of nature and the gentle waters right outside your door.
| |||
Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 Indian Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Alicia Swartz, RE/MAX Leading Edge
Last Updated: 4 months ago
Data Source: HAR , MLS# 85126211
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Last Updated: 4 months ago
Data Source: HAR , MLS# 85126211
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