$2,200,000 Last Listed Price
●
House -
Off Market
703 Bayridge Road
Morgan's Point, TX 77571
6 Beds
6 Baths,
1
Half Bath
4,198 Ft²
$12,594
Est. Monthly
$17
HOA / Fees
About This Property
Nestled on a peninsula of Galveston Bay & listed on the National
Register of Historic Places, this extraordinary waterfront property
in the City of Morgan's Point offers a harmonious blend of
historical significance & modern luxury. Rebuilt in 2010 to adhere
to historic restrictions, this home reflects the expertise of a
master builder, architects, & engineers. 3 levels with open living
spaces, 6 ensuite bedrooms, media room, terraces on 2 levels, guest
quarters with ELEVATOR & 2 additional bedrooms. ROOF 2022 (main
house & boat house), whole home humidifier. Relax effortlessly in
the great outdoors with expansive pool & spa, fully equipped summer
kitchen & waterfront views. The property also boasts two retaining
walls, a 600-ft. lighted fishing pier with oyster reef, & a boat
lift-perfect for water enthusiasts. This exceptional home presents
a captivating blend of history, luxury, & waterfront living, making
it a must-see for those in search of a truly unique living
experience!
Unit Size
4,198 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$524
Property Type
House
Property Taxes
$1,775
HOA Dues
$17
Year Built
1940
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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 #5824070)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Jan 6, 2024 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Listed by Compass RE Texas, LLC - Memorial | $2,200,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| | |||
|
Nestled on a peninsula of Galveston Bay & listed on the National Register of Historic Places, this extraordinary waterfront property in the City of Morgan's Point offers a harmonious blend of historical significance & modern luxury. Rebuilt in 2010 to adhere to historic restrictions, this home reflects the expertise of a master builder, architects, & engineers. 3 levels with open living spaces, 6 ensuite bedrooms, media room, terraces on 2 levels, guest quarters with ELEVATOR & 2 additional bedrooms. ROOF 2022 (main house & boat house), whole home humidifier. Relax effortlessly in the great outdoors with expansive pool & spa, fully equipped summer kitchen & waterfront views. The property also boasts two retaining walls, a 600-ft. lighted fishing pier with oyster reef, & a boat lift-perfect for water enthusiasts. This exceptional home presents a captivating blend of history, luxury, & waterfront living, making it a must-see for those in search of a truly unique living experience!
| |||
Property Highlights
Elevator
Air Conditioning
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Bay Ridge Park
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Listed by: Holley Madden, Compass RE Texas, LLC - Memorial
Last Updated: 5 months ago
Data Source: HAR , MLS# 5824070
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Last Updated: 5 months ago
Data Source: HAR , MLS# 5824070
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