$49,000 Last Listed Price
●
Land -
Off Market
631 W Bayshore Drive
Palacios, TX 77465
Studio
0 Bath
$295
Est. Monthly
$33
HOA / Fees
About This Property
WATERVIEW property available in Gated Cape Carancahua Community.
Ready to build? Improvements are already in place to get you
started. Water meter, electric service, storage shed, packed
driveway & culvert are all in place. This property has beautiful
sunset views, easy access to salt and fresh water fishing, school
bus pick-up for PISD and is minutes from shopping, dining and
entertainment. Community amenities include Boat Ramp, Fishing
Piers, Playground, Nature Parks, Community Center, 2 Swimming
pools, Outdoor covered Pavilion, Public Restrooms, Tennis Court and
friendly neighbors!
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$21
HOA Dues
$33
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: 5 months ago (HAR #43504457)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 7, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Listed by RE/MAX Professionals | $62,000 | |
| Listed by RE/MAX Professionals | |||
   | |||
|
Waterview property in the gated Cape Carancahua community—ready for your coastal getaway or full-time home! This lot is prepped to build with key improvements already in place, including electric service, storage shed, and a packed driveway with culvert. Ready for septic system & water meter installation. Enjoy stunning sunset views and easy access to both saltwater and freshwater fishing. Conveniently located near shopping, dining, and entertainment, with school bus service for PISD. Community amenities include a boat ramp, fishing piers, playground, nature parks, community center, two swimming pools, volley ball & tennis court, covered pavilion, and more. Coastal living starts here!
| |||
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | Listed by RE/MAX Professionals | $49,000 | |
| Listed by RE/MAX Professionals | |||
| | |||
|
WATERVIEW property available in Gated Cape Carancahua Community. Ready to build? Improvements are already in place to get you started. Water meter, electric service, storage shed, packed driveway & culvert are all in place. This property has beautiful sunset views, easy access to salt and fresh water fishing, school bus pick-up for PISD and is minutes from shopping, dining and entertainment. Community amenities include Boat Ramp, Fishing Piers, Playground, Nature Parks, Community Center, 2 Swimming pools, Outdoor covered Pavilion, Public Restrooms, Tennis Court and friendly neighbors!
| |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Justin Guyer, RE/MAX Professionals
Last Updated: 5 months ago
Data Source: HAR , MLS# 43504457
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Last Updated: 5 months ago
Data Source: HAR , MLS# 43504457
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