491 Carancahua Drive
About This Property
This is NOT a small adjustment...
This is a $40,000 DROP.
Was $135,000
NOW ONLY $95,000
Located inside the gated coastal community of Cape Carancahua between Port Lavaca & Palacios, this charming 2 bed/1 bath home is sitting on concrete pilings, tucked under mature shade trees, and features:
? Fresh exterior paint
? Hardie siding
? Brand NEW spacious deck
? Downstairs storage/utility space that could easily convert into extra living area
And let's talk amenities ??
Two pools. Private boat ramp. Lighted fishing piers. Clubhouse. Tennis & basketball courts. Sand volleyball. Playground. Driving range.
All in a coastal community sitting on Carancahua Bay with easy access to Matagorda Bay & the Gulf.
At $95,000 this is one of the lowest price points you'll find in this gated bayfront community.
Weekend getaway?
Rental investment?
Full-time coastal living?
This seller is serious and priced it to MOVE. Don't let this one pass you by!!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Price Decreased |
$95,000
↓ $50K
(34.5%) | |
| Price Decreased | |||
| Dec 18, 2025 | Price Decreased |
$145,000
↓ $15K
(9.4%) | |
| Price Decreased | |||
| Nov 1, 2025 | Price Decreased |
$160,000
↓ $20K
(11.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017