$100,000
●
Land -
For Sale
3935 Laguna Drive
Galveston, TX 77554
Studio
0 Bath
$683
Est. Monthly
$25
HOA / Fees
About This Property
This oversized lot in Terramar Beach is the perfect place to build
your dream coastal retreat with both canal and beach views with the
right floor plan. Located in a neighborhood designed for waterfront
living, you'll have access to a boat ramp, community pool, and
drive-on beach access for ultimate convenience. Whether you're
looking for a primary residence, vacation escape, or investment
opportunity, this lot offers the space and flexibility to create
something special. Don't miss this rare chance to own a piece of
paradise in one of Galveston's most desirable west-end communities!
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$167
HOA Dues
$25
Year Built
-
Listed By
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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 #57398141)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 18, 2026 | Listed by Keller Williams Horizons | $100,000 | |
| Listed by Keller Williams Horizons | |||
| Feb 15, 2026 | Price Decreased |
$115,000
↓ $10K
(8%) | |
| Price Decreased | |||
| Sep 1, 2025 | Listed by Keller Williams Horizons | $125,000 | |
| Listed by Keller Williams Horizons | |||
| | |||
|
This oversized lot in Terramar Beach is the perfect place to build your dream coastal retreat with both canal and beach views with the right floor plan. Located in a neighborhood designed for waterfront living, you'll have access to a boat ramp, community pool, and drive-on beach access for ultimate convenience. Whether you're looking for a primary residence, vacation escape, or investment opportunity, this lot offers the space and flexibility to create something special. Don’t miss this rare chance to own a piece of paradise in one of Galveston’s most desirable west-end communities!
| |||
| Jul 8, 2025 | Price Decreased |
$130,000
↓ $10K
(7.1%) | |
| Price Decreased | |||
Show More
Property Highlights
With View
Exterior Details
Lot Features: Cleared, Subdivision, 0 Up To 1/4 Acre
Lot Size Area: 0.2712
Lot Size Units: Acres
Lot Size Acres: 0.2712
Lot Size Square Feet: 11813.472
Water Source: Public
Financial Details
Tax Annual Amount: $1,999
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Beach Access, Boat Slip, Picnic Area, Pool
HOA Fee: $300
HOA Fee Frequency: Annually
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 Terramar
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Currently no similar homes aroundNearby Rentals
Listed by: Ashley Marquez, Keller Williams Horizons
Last Updated: 6 months ago
Data Source: HAR , MLS# 57398141
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Last Updated: 6 months ago
Data Source: HAR , MLS# 57398141
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