$28,000
●
Land -
For Sale
Lot 799-800 Stovall Drive
Palacios, TX 77465
Studio
0 Bath
$212
Est. Monthly
$33
HOA / Fees
About This Property
Build your coastal dream home or weekend retreat on these two
adjacent unimproved corner lots totaling 0.36 acres. Positioned in
a central location within the secure, gated community of Cape
Carancahua, this property offers scenic water views looking
straight down Carancahua Blvd. Enjoy convenient access to an array
of neighborhood amenities, including 2 swimming pools, 3 lighted
fishing piers, a boat ramp, an outdoor covered pavilion, parks,
tennis courts, and a volleyball court-giving you everything needed
to design a lifestyle tailored around coastal living.
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$40
HOA Dues
$33
Year Built
-
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: 2 months ago (HAR #60065895)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2026 | Listed by RE/MAX Professionals | $28,000 | |
| Listed by RE/MAX Professionals | |||
| Jan 15, 2026 | No longer available | - | |
| No longer available | |||
| Nov 15, 2024 | Price Decreased |
$36,000
↓ $6K
(14.3%) | |
| Price Decreased | |||
| Jul 21, 2024 | Listed by JLA Realty | $42,000 | |
| Listed by JLA Realty | |||
| | |||
|
Discover a rare opportunity to own a beautiful property consisting of two consecutive lots in the gated coastal community of Cape Carancahua. This serene enclave offers a wealth of amenities, including two swimming pools, boat ramps, illuminated fishing piers, a tennis court, community center, outdoor pavilion, playground, and more. Perfect for building your dream home or vacation retreat, these lots provide ample space for customization. The community ensures privacy and security, with numerous recreational options for relaxation and entertainment. Don’t miss out on this chance to enjoy luxurious coastal living—schedule your showing today!
| |||
Property Highlights
With View
Exterior Details
Lot Features: Corner Lot, Interior Lot, Build Line Restricted, Conservation District, Subdivision, 1/4 Up to 1/2 Acre, No Lot Improvements
Lot Size Area: 0.36
Lot Size Units: Acres
Lot Size Acres: 0.36
Lot Size Square Feet: 15681.6
Lot Size Dimensions: 133 x 111 x 150 x 110
Tax Lot: 799-800
Water Source: Other
Financial Details
Tax Annual Amount: $483
Utilities Details
Sewer : Aerobic Required (not installed)
Location Details
HOA/Condo/Coop Amenities: Boat Slip, Clubhouse, Park, Party Room, Picnic Area, Playground, Pool, Tennis Court(s), Controlled Access
HOA Fee: $400
HOA Fee Frequency: Annually
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Price/ft²
Asking Price
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HOA + Taxes
About Jackson
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Listed by: Justin Guyer, RE/MAX Professionals
Last Updated: 2 months ago
Data Source: HAR , MLS# 60065895
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Last Updated: 2 months ago
Data Source: HAR , MLS# 60065895
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