$199,500
↓ $21K (9.3%)
●
House -
For Sale
654 Calumet Drive
Palacios, TX 77465
3 Beds
1 Bath
912 Ft²
$1,200
Est. Monthly
$33
HOA / Fees
About This Property
Freshly painted inside and well maintained, this partially
furnished 3-bedroom, 2-bath home sits on two lots in the desirable
gated waterfront community of Cape Carancahua in Palacios. Elevated
for added peace of mind and designed to capture refreshing coastal
breezes, this move-in-ready home is ideal as a full-time residence,
weekend getaway, or income-producing rental. The spacious area
beneath the home provides ample covered parking, storage, and room
for entertaining or a fish-cleaning station after a day on the
water. Residents enjoy outstanding amenities, including private
boat ramps, fishing piers, swimming pools, tennis courts, parks,
playgrounds, and a community center. Just minutes from the bay,
boating, fishing, and local conveniences, this coastal property
offers comfort, recreation, and value in one exceptional package.
Unit Size
912 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$219
Property Type
House
Property Taxes
$186
HOA Dues
$33
Year Built
1989
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 hours ago (HAR #31164890)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$199,500
↓ $21K
(9.3%) | |
| Price Decreased | |||
| Jul 28, 2026 | Listed by RE/MAX Land & Homes on the Bay | $220,000 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
| Mar 3, 2021 | Sold | ||
| Sold | |||
| Dec 12, 2020 | Listed by RE/MAX Professionals | $157,000 | |
| Listed by RE/MAX Professionals | |||
| | |||
|
Waterview home on interior lot in gated Cape Carancahua Community. 654 Calumet Dr. is a 3 bed 1 bath home on 1 lot with a gorgeous view of Carancahua Bay and 1 of 2 pools in the neighborhood. Whether you are searching for a full time home or weekend getaway, this home is move-in ready. Recent updates include laminate flooring, interior paint, kitchen counters, fixtures and roof. Open concept living gives this home an open feel along with the abundant natural lighting through the 2 sliding glass doors. Community amenities and features include 3 lighted fishing piers, boat ramp, outdoor pavilion, community center, playground, 2 pools, tennis courts and relaxed atmosphere.
| |||
Property Highlights
Parking Details
Has Carport
Parking Features: No Garage, Boat, RV Access/Parking, Attached Carport
Interior Details
Full Bathrooms: 1
Interior Features: 1 Bedroom Up, 2 Bedrooms Up, 3 Bedrooms Up
Appliances: Refrigerator, Electric Range, Washer Included
Flooring Type: Laminate
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 912
Architectural Style: Traditional
Year Built: 1989
Building Area Total: 912
Other Structures: Shed(s)
Construction Materials: Unknown
Patio and Porch Features: Patio, Deck
Lot Features: Subdivided, 1/4 Up to 1/2 Acre
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6
Water Source: Other
Financial Details
Tax Annual Amount: $2,235
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Sewer : Other
Location Details
HOA/Condo/Coop Amenities: Boat Dock, Boat Slip, Playground, Pool, Tennis Court(s)
HOA Fee: $400
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Jackson
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Listed by: Annette Alonzo, RE/MAX Land & Homes on the Bay
Last Updated: 6 hours ago
Data Source: HAR , MLS# 31164890
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Last Updated: 6 hours ago
Data Source: HAR , MLS# 31164890
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