Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Beachfront Land on Follets Island Title is generated by Realmo AI

    11835 Bluewater Highway, Freeport, TX 77541

    View on Map
    Claim this Listing
    For Sale
    $450,000

    Two-acre lots with unobstructed beach and bay views.

    Type:Land or Vacant Lot
    Lot size:
    2.00 Acres
    Added:
    Mar 1, 2025
    Days on Market:
    461
    Last Refresh:
    May 11 at 12:11 am

    Property Features for 11835 Bluewater Highway

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    SHERRIE BASS

    Listing agent SHERRIE BASS License #0477268

    Listing office BLUEWATER REALTY

    Listing date Mar 1, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BLUEWATER REALTY

    HighLights

    • Unobstructed beach and bay views.
    • Two full acre lots for custom home development.
    • East/West views for sunrise and sunset viewing.
    • Located on Follets Island.
    • Close proximity to San Luis Pass.
    • Access to fishing, shelling, bird watching, and boating.

    Overview

    Tortuga Sands Beach is a new development on Follets Island, featuring two-acre lots with unobstructed views of the beach and bay. These lots are intended for creating custom island homes with east and west views, offering both sunrise and sunset vistas over the Gulf and bay. The property is located near San Luis Pass and minutes from Galveston. It is situated close to Cold Pass and faces the Gulf of America, adjacent to The Bluewater Drift restaurant and bar at Bluewater RV Park, and is 8-12 miles from numerous other restaurants. Lots 1-11 offer opportunities for fishing, shelling, bird watching, and boating along miles of beach.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Brazoria
    State
    Texas
    Longitude
    -95.1457
    Latitude
    29.0559

    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
    • $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
    • $700,000

      Waterfront Land on Old Brazos

      2.93 acres with 349' river frontage, city utilities.
      524/614 Mystery Harbor Lane, 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
    • $1,500,000

      Oceanfront Waterfront Land Parcel

      Oceanfront acreage in Freeport offers versatile development potential and renowned local fishing opportunities.
      County Road 257, 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
    • $2,816,000
      22,000 SF

      NNN Industrial Property For Sale

      NNN industrial property with high credit tenant and recent improvements.
      2730 FM523, 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
    • Contact for pricing
      46,401 SF

      Freestanding Building with Outdoor Storage

      46,401 SF building with secured outdoor storage in Freeport.
      6711 E Highway 332, 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
    • $260,000

      Four-Unit Residential Income Property

      Four-unit residential property with rental income potential.
      126 W 6th St, Freeport, TX 77541
      View Details
    • $575,000
      1,906 SF

      Turnkey Restaurant with Extra Lot

      Restaurant build-out with wash area, kitchen, two restrooms, and plenty of parking near major traffic on Brazosport Blvd.
      2005 N Brazosport Blvd, Freeport, TX
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Two-acre lots with unobstructed beach and bay views.
    Where is this waterfront land located?
    The property is located at 11835 Bluewater Highway Freeport, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Unobstructed beach and bay views.; Two full acre lots for custom home development.; East/West views for sunrise and sunset viewing.
    (979) 233-7873
    We can help!
    Listing Contact
    SHERRIE BASS
    Real Estate License ID: 0477268
    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

    Thank You for Inquiry
    11835 Bluewater Highway, Freeport, TX 77541
    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!