7121 Cr 171
About This Property
For those looking for a quick move to a new, unrestricted homesite between Houston & Galveston, this property checks all the boxes, offering utilities, site improvements, & even a pond
-No Restrictions!
-Pond
-No Floodplain or Wetlands
-Paved Road Frontage
-Graded Driveway to Concrete Pad Site
-Surveyed, Clear & Buildable
-Mostly Fenced
-12 mins to Shopping; 38 mins to Galveston Island
This 2.17 recently surveyed homesite near Alvin offers a rare combination of freedom, improvements, & location, making it perfect for residential use. The land is cleared and flat, outside the floodplain & wetlands, with a graded driveway leading to a concrete pad site, a relaxing 4500 sf pond, extensive perimeter fencing, and 192 ft of paved county road frontage for easy access. Power & natural gas are available at the road and the property is fully buildable with no HOA, no setback requirements, & no timeline to build.
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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 26, 2026 | Sold | ||
| Sold | |||
| Feb 1, 2026 | In contract | - | |
| In contract | |||
| Jan 19, 2026 | Listed by ListWithFreedom.com | $149,900 | |
| Listed by ListWithFreedom.com | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017