Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    524/614 Mystery Harbor Lane Freeport, TX 77541

    View on Map
    For Sale
    $700,000

    River - Freeport, TX

    Lot size:
    2.93 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    211
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 524/614 Mystery Harbor Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Other, See Remarks
    Standard status
    Active
    APN
    6732-0000-001
    Lot size
    2.93 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    8090

    Building Details

    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Greg Flaniken

    Listing agent Greg Flaniken

    Listing office GREG FLANIKEN & ASSOC. 1101 BRAZOSPORT BLVD., FREEPORT, TX

    Listing date Sep 3, 2025

    MLS# 68934 Listing URL

    Copyright © 2026 Brazoria County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land on Old Brazos

    This property features 2.93 acres of land on the Old Brazos River, offering approximately 349 feet of river frontage. It is positioned as an ideal location to build a home for those who enjoy water activities and boating. The property benefits from the protection of a guillotine gate and the VDD Levee system, situated in what is described as one of the safest waterfront locations on the Gulf Coast. The Gulf of Mexico is accessible within 15 minutes. The site includes all city utilities. The property consists of two combined lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Brazoria
    State
    Texas
    Longitude
    -95.3659609
    Latitude
    28.9610582

    Nearby Similar for Sale

    • $585,000
      7,560 SF

      Freeport Commercial Property For Sale

      7,560 SF commercial property on 0.86 acres in Freeport, TX.
      302 South Avenue B, Freeport, TX 77541
      View Details
    • $395,000
      3,200 SF

      Freeport Commercial Land on Slab

      0.86 acre commercial land with concrete slab in Freeport, TX.
      515 South Avenue A, Freeport, TX 77541
      View Details
    • $125,000
      34,375 SF

      Commercial Land in Freeport, TX

      0.79 acre commercial lot suitable for various business sites.
      0 N. VELASCO BLVD., Freeport, TX 77541
      View Details
    • Contact for pricing
      4,524 SF

      Freeport Warehouse with Recent Upgrades

      Spacious warehouse in Freeport with new roof and lighting.
      515 W. 2nd, Freeport, TX 77541
      View Details
    • $239,900
      1,976 SF

      Remodeled Freeport Commercial Building For Sale

      Remodeled commercial building near Highway 288 and Nolan Ryan Freeway.
      1301 N Avenue H, Freeport, TX
      View Details
    • $999,990

      23.6 Acres on Intracoastal Canal

      23.6 acres of commercial land with Intracoastal Canal frontage.
      000 Canal Drive, Freeport, TX 77541
      View Details
    • $58,500

      Coastal Lot on Bluewater Highway

      Vacant lot near beach access and kayak entrance.
      5643 Bluewater Highway, Freeport, TX 77541
      View Details
    • $1,400,000
      6,000 SF

      Industrial Property on Nolan Ryan Expressway

      Industrial property with value-add potential in Freeport, Texas.
      1501 Yellowstone St, Freeport, TX 77541
      View Details
    • $450,000

      Follets Island Beachfront Land

      Two-acre lots with unobstructed beach and bay views.
      11635 Bluewater Highway, Freeport, TX 77541
      View Details
    • $450,000

      Beachfront Land on Follets Island

      Two-acre lots with unobstructed beach and bay views.
      11735 Bluewater Highway, Freeport, TX 77541
      View Details
    • $159,000

      Waterfront Land with Improvements

      Canal-front property with deck, outbuilding, and RV/boat parking.
      17 King Fish Lane, Freeport, TX 77541
      View Details
    • $279,900
      3,210 SF

      Freeport Church with Versatile Opportunities

      Charming 3,210 SF church property in the heart of Freeport.
      320 North Avenue A, Freeport, TX 77541,
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.93 acres with 349' river frontage, city utilities.
    Where is this residential land & home lot located?
    The property is located at 524/614 Mystery Harbor Lane Freeport, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Waterfront property with approximately 349' of Old Brazos River frontage.; 2.93 +- acre lot, ideal for building a custom home.; Direct access to the Gulf of Mexico in 15 minutes by boat.
    (979) 299-5019
    We can help!
    Listing Contact
    Greg Flaniken
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!