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

    Anne Anne Bonny Port Isabel, TX 78578

    View on Map
    Claim this Listing
    For Sale
    $296,000

    Residential Lots - Port Isabel, TX

    Type:Single Family Residence
    Lot size:
    0.33 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 18 at 11:06 pm

    Property Features for Anne Anne Bonny

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Single
    Standard status
    Active
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4259

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Franke Jr.

    Listing agent Richard Franke Jr.

    Listing office Franke Realty PO Box 2108, South Padre Island, TX

    Listing date Apr 9, 2026

    MLS# 106103 Listing URL

    Copyright © 2026 South Padre Island 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 Lot in Pirates Cove

    This .3251-acre vacant lot is located in the private, gated Pirates Cove subdivision in Port Isabel, Texas. The property features approximately 114 feet of direct waterfrontage and a private boat dock with a deep-water boat slip suitable for offshore vessels. The location provides Gulf access via the subdivision's deep-water channel. A private boat ramp is available for residents. The lot is located minutes from South Padre Island beaches via the Queen Isabella Causeway. This property is intended for residential use, offering an ideal location for building a waterfront home with water views. It is suited for boating enthusiasts, anglers, and those seeking a low-maintenance coastal retreat.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Port Isabel
    County
    Cameron
    State
    Texas
    Longitude
    -97.3389
    Latitude
    26.0776

    Nearby Similar for Sale

    • $1,825,000

      Waterfront Property on Intracoastal Waterway

      Waterfront property in Port Isabel, ideal for development.
      0 South Shore, Port Isabel, TX 78578
      View Details
    • $799,999
      1,794 SF

      Waterfront Triplex Investment Opportunity

      Furnished waterfront triplex near South Padre Island with boat slips.
      1109 Tarpon Ave, Port Isabel, TX 78578
      View Details
    • $595,000
      1,922 SF

      Channel-Front Multi-Family Waterfront Property

      Waterfront property with two units and private boat slips.
      921 Bass Ave, Port Isabel, TX 78578
      View Details
    • $45,000

      Port Isabel Land For Sale

      Undeveloped lot in unique waterfront development, Port Isabel, Texas.
      W Bass Avenue, Port Isabel, TX 78578
      View Details
    • $3,285,000

      Waterfront Lots on Intracoastal Waterway

      Waterfront property ideal for commercial or residential development in Port Isabel.
      0 South Shore, Port Isabel, TX 78578
      View Details
    • $499,900
      2,645 SF

      Port Isabel 5-Plex Investment

      Fully occupied 5-plex near South Padre Island beaches.
      510 Musina, Port Isabel, TX 78578
      View Details
    • $365,000

      Waterfront Property on Intracoastal Waterway

      Waterfront property ideal for development near SpaceX and Brownsville.
      TBD South Shore, Port Isabel, TX 78578
      View Details
    • $1,500,000
      2,384 SF

      Highway 100 Commercial Business Opportunity

      Turnkey business on Highway 100 in Port Isabel for sale.
      321 Highway 100, Port Isabel, TX 78578
      View Details
    • $520,000

      Waterfront Lots with Gulf Access

      Waterfront lots ideal for boating and coastal living.
      Tarpon Avenue, Port Isabel, TX 78578
      View Details
    • $9,000,000
      25,257 SF

      Waterfront Multi-Use Income Property

      Income-producing waterfront asset with diversified revenue streams and development potential.
      418 Highway 100, Port Isabel, TX 78578
      View Details
    • $228,000

      Waterfront Lot in Port Isabel

      Waterfront lot with bulkhead in prime Port Isabel location.
      814 Tarpon Ave, Port Isabel, TX 78578
      View Details
    • $300,000

      Waterfront Lot in Port Isabel

      Prime waterfront lot with direct access to Laguna Madre.
      1301 Tarpon Ave, Port Isabel, TX 78578
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare waterfront lot with private dock and Gulf access.
    Where is this waterfront land located?
    The property is located at Anne Anne Bonny Port Isabel, TX.
    What is the asking price?
    The asking price for this property is $296,000.
    What are key features of this property?
    This property features: Direct waterfront property with approximately 114 feet of waterfrontage.; Private boat dock with deep‑water boat slip suitable for offshore vessels.; Exclusive deep‑water channel providing effortless Gulf access.
    (956) 592-2071
    We can help!
    Listing Contact
    Richard Franke Jr.
    Real Estate License ID: 0443224
    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!