3943 Evening Primrose Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by Gisela DuVerney Properties LLC | $375,000 | |
| Listed by Gisela DuVerney Properties LLC | |||
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Come and discover a piece of heaven on this stunning bay-front lot in Pointe West Resort, one of the most beloved beach communities on the west end of Galveston Island. Enjoy breathtaking views of the bay, especially during spectacular sunsets, perfect for unwinding in paradise. Whether you're seeking a serene retreat, a vacation home, or a smart investment opportunity, this prime lot offers endless potential—vacation rentals are permitted, allowing for excellent income generation. Residents gain access to the exceptional Beach Club amenities, including an infinity pool overlooking the Gulf, the Sunset Pool with a lazy river and hot tub, a fitness center, restaurant, and more—all designed for relaxed coastal living at its finest. Don't miss this rare chance to own in one of Galveston's premier resort destinations
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| Mar 31, 2022 | Sold | ||
| Sold | |||
| Feb 28, 2022 | Listed by Lone Star Condo Network, LLC | $269,000 | |
| Listed by Lone Star Condo Network, LLC | |||
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Waterfront homesites at Pointe West are getting harder to come by. This waterfront lot is over 1/3 of an acre and is ready for you to build your dream home.
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About Bay Water Condominiums
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Last Updated: 5 months ago
Data Source: HAR , MLS# 11372603
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