$95,495
↓ $4K (4%)
●
Land -
For Sale
Lot 48 Bay Drive
Palacios, TX 77465
Studio
0 Bath
$619
Est. Monthly
$25
HOA / Fees
About This Property
Look no further! This beautiful cleared lot overlooks the serene
waters of Turtle Bay, nestled within the desirable Way Point
Landing subdivision. Offering just under an acre of land, this
property is a rare find with endless possibilities-whether you're
dreaming of building your forever home or creating the perfect
weekend getaway.
The lot is already equipped with electricity and public water, making it easy to start your build or bring in your RV for immediate use. Enjoy peaceful mornings by the water, spend weekends fishing or kayaking, or simply relax and take in the natural beauty that surrounds you.
Don't miss your chance to own a slice of waterfront heaven-come see it for yourself today!
The lot is already equipped with electricity and public water, making it easy to start your build or bring in your RV for immediate use. Enjoy peaceful mornings by the water, spend weekends fishing or kayaking, or simply relax and take in the natural beauty that surrounds you.
Don't miss your chance to own a slice of waterfront heaven-come see it for yourself today!
Unit Size
-
Days on Market
-
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$125
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: 2 months ago (HAR #96886274)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Price Decreased |
$95,495
↓ $4K
(4%) | |
| Price Decreased | |||
| Mar 23, 2026 | Listed by Keller Williams Preferred | $99,495 | |
| Listed by Keller Williams Preferred | |||
| Dec 1, 2025 | No longer available | - | |
| No longer available | |||
| Jun 3, 2025 | Listed by Keller Williams Preferred | $98,995 | |
| Listed by Keller Williams Preferred | |||
| | |||
|
Look no further! This beautiful cleared lot overlooks the serene waters of Turtle Bay, nestled within the desirable Way Point Landing subdivision. Offering just under an acre of land, this property is a rare find with endless possibilities—whether you’re dreaming of building your forever home or creating the perfect weekend getaway.
The lot is already equipped with electricity and public water, making it easy to start your build or bring in your RV for immediate use. Enjoy peaceful mornings by the water, spend weekends fishing or kayaking, or simply relax and take in the natural beauty that surrounds you.
Don’t miss your chance to own a slice of waterfront heaven—come see it for yourself today!
| |||
| Feb 12, 2025 | Listed | $99,495 | |
| Listed | |||
| | |||
|
Looking for your own secluded piece of waterfront paradise??? Then look no more! This beautiful spot over looks Turtle Bay which is located on Waypoint Landing subdivision. You get under1 acre and it has endless opportunities from building your dream home or weekend relaxation getaway home. This cleared lot comes with electricity and public water already set. Come and enjoy this beautiful piece of land.
| |||
Show More
Property Highlights
With View
Exterior Details
Waterfront Features: Bayfront, Beach Front, Lake Front
Lot Features: Open Lot, Other, Waterfront, Cleared, Subdivision, 1/2 Up to 1 Acre
Lot Size Area: 0.752
Lot Size Units: Acres
Lot Size Acres: 0.752
Lot Size Square Feet: 32757.12
Tax Lot: 48
Water Source: Public
Financial Details
Tax Annual Amount: $1,504
Location Details
HOA Fee: $295
HOA Fee Frequency: Annually
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 Matagorda
Similar Homes for Sale
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Listed by: Jason Rodriguez, Keller Williams Preferred
Last Updated: 2 months ago
Data Source: HAR , MLS# 96886274
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purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 2 months ago
Data Source: HAR , MLS# 96886274
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