Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Lot in Gated Community Title is generated by Realmo AI

    Chavez Way lot 303, Port O' Connor, TX 77982

    View on Map
    Claim this Listing
    For Sale
    $84,000

    LAND - Port O'Connor, TX

    Lot size:
    0.28 Acres
    Added:
    Dec 26, 2023
    Days on Market:
    891
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for Chavez Way lot 303

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    74616
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    THE SANCTUARY SUBD PHASE 2 (POC), LOT 303
    Tax Annual Amount
    1388

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Russell Cain
    Russell Cain

    Listing agent Russell Cain License #0163380

    Listing office Russell Cain Real Estate 2025 Hwy. 35, TX

    Listing date Dec 26, 2023

    MLS# 529491 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront lot offering stunning views
    • Gated community providing security and privacy
    • Access to fishing piers for the avid angler
    • Boat launch access for easy water activities
    • Clubhouse and pool for relaxation and recreation
    • Family‑friendly amenities including a playground, tennis & basketball courts

    Overview

    This 0.2751-acre waterfront lot is located in the Sanctuary, a gated community in Port O'Connor, Texas. The community provides access to a clubhouse, pool, playground, tennis courts, basketball court, fishing piers, and a boat launch. This property is suitable for families and fishermen.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Port O' Connor
    County
    Calhoun
    State
    Texas
    Longitude
    -96.6507
    Latitude
    28.2231

    Nearby Similar for Sale

    • $239,000
      672 SF

      Port O'Connor Land For Sale

      Two south-facing lots near the beach in Port O'Connor.
      612 W Jefferson Avenue lot: 5,6, Port O'Connor, TX 77982
      View Details
    • $259,900

      Cleared Lots in Port O'Connor

      Two cleared lots ready for RVs or barnominium setup.
      Olive Street lot: 7,8, Port O'Connor, TX 77982
      View Details
    • $199,000

      Unrestricted Lots in Port O'Connor

      Two unrestricted lots perfect for your vision in Port O'Connor.
      1508 W Tyler Avenue lot: 3, Port O'Connor, TX 77982
      View Details
    • $89,900

      Port O'Connor Dream Home Lot

      Large lot in prime location with water and sewer hookups.
      Cemetery lot: 1, Port O'Connor, TX 77982
      View Details
    • $225,000

      Port O'Connor RV Ready Lot

      0.22 acre lot equipped for two RVs in Texas.
      2570 W Monroe, Port O'Connor, TX 77982
      View Details
    • $220,000

      Cleared Lots Near Kingfisher Beach

      Two south-facing, unrestricted lots near Kingfisher Beach in Port O'Connor.
      W Polk lot: 3, Port O'Connor, TX 77982
      View Details
    • $255,000

      RV Carport and Storage Building

      Cleared lot with RV carport, storage, and utilities in POC.
      501 W MAPLE Street, Port O'Connor, TX 77982
      View Details
    • $135,000

      Waterfront Lot in Gated Community

      Waterfront lot with resort-style amenities and Inter Coastal Waterway access.
      168 Chateau Way, Port O'Connor, TX 77982
      View Details
    • $189,900

      Waterfront Land in Port O'Connor

      Point lot with amenities in Port O'Connor, Texas.
      264 Cabernet Court lot: 264, Port O'Connor, TX 77982
      View Details
    • $1,690,000
      6,300 SF

      Port O'Connor RV Park

      48-slot RV park with bungalow and boat barns.
      3312 W Monroe Street, Port O'Connor, TX 77982
      View Details
    • $220,000

      Unrestricted Lot in Port O'Connor

      0.35-acre corner lot perfect for coastal home or investment.
      1410 W Jefferson Street lot: A19, Port O'Connor, TX 77982
      View Details
    • $65,998

      Residential Land in Gated Subdivision

      Cleared homesite ready for building in Port O'Connor, TX.
      Carrie St lot: 33, Port O'Connor, TX 77982
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Port O'Connor with community amenities.
    Where is this residential land & home lot located?
    The property is located at Chavez Way lot 303 Port O' Connor, TX.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: Waterfront lot offering stunning views; Gated community providing security and privacy; Access to fishing piers for the avid angler
    (361) 920-6313
    We can help!
    Listing Contact
    Russell Cain
    Russell Cain
    Real Estate License ID: 0163380
    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

    Thank You for Inquiry
    Chavez Way lot: 303, Port O'Connor, TX 77982
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!