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Matagorda 77465
700 Bay Drive
$69,900 Last Listed Price
● Land - Off Market

700 Bay Drive

Palacios, TX 77465
bedrooms
Studio
bathrooms
0 Bath
$72,270
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Short One hour Drive from Houston for this Gem  for your buyer   to build a  Vacation home ! 0r live there in this Wonderful Community
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$70
HOA Dues
$25
Year Built
-

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Cap Rate Calculator

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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 months ago (HAR #36328250)

Price History

Date / Event Date Event Price
Aug 9, 2022 Sold
Premium
Sold
Jun 21, 2022 Listed by RE/MAX Real Estate Assoc. $69,900
Listed by RE/MAX Real Estate Assoc.
Short One hour Drive from Houston for this Gem for your buyer to build a Vacation home ! 0r live there in this Wonderful Community

Property Highlights

With View

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: WAYPOINT LANDING SEC 1
  • Land Acres: 0000001000
  • Standard Land Use Code: 8000
  • County Land Use Code: C4
  • Legal Description 1: WAYPOINT LANDING, LOT 78, SEC 1, ACRES 1.

Neighborhood

  • School District Name: Bay City Independent School District
  • School Tax School District: 90
  • Census Tract: 730600

Geography

  • Account Number: 4605-0010-007800
  • Parcel: 118432
  • Lot: 78
  • Municipality: PALACIOS
  • Latitude: 28.7111
  • Longitude: -96.2635

    Address

  • Full Address: 700 Bay Dr
  • Address - House Number: 700
  • Address - Street Name: Bay
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Palacios
  • Carrier Code: H002
  • 4-Digit Zip Code: 2106
  • Zip Code: 77465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $72,478
  • Tax Rate Code Area: 10 23 41 5

    Market Valuation

  • Market Total Value: $43,560
  • Market Land Value: $43,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,560
  • Assessed Land Value: $43,560

    Sales

  • Current Sale Contract Date: Aug 08, 2022
  • Current Sale Recording Date: Aug 08, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5496
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Matagorda

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$159

Below Asking

0.04%

Average Days on Market

91

Average Home Size

1580 ft²

Average Home Age

39.2 years

Currently For Sale

276 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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HAR

Listed by: Laurie Lujan, RE/MAX Real Estate Assoc.
Last Updated: 6 months ago
Data Source: HAR , MLS# 36328250
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any 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.

Frequently Asked Questions

When was property at 700 Bay Drive built and last sold?
The property at 700 Bay Drive was built in and last sold on Aug 8, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 700 Bay Drive is $70,599.
What are some comparable homes to 700 Bay Drive?
There are currently no comparable homes to 700 Bay Drive.
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