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    Adjacent Waterfront Residential Lot Title is generated by Realmo AI

    159 Chateau Way lot 159, Port O' Connor, TX 77982

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    Claim this Listing
    For Sale
    $75,000

    LAND - Port O'Connor, TX

    Lot size:
    0.29 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    200
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 159 Chateau Way lot 159

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Lighting, Storage
    Standard status
    Active
    APN
    73924
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    THE SANCTUARY SUBD PHASE 1 (POC), LOT 159
    Tax Annual Amount
    1305

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brenda G Carter
    Brenda G Carter

    Listing agent Brenda G Carter License #0465824

    Listing office Russell Cain Real Estate, Port O'Connor P.O. Box 161, TX

    Listing date Nov 19, 2025

    MLS# 597988 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

    • Two adjacent waterfront lots on Chateau Way, each listed at $75,000 (Lot 158 and Lot 159).
    • Canal access with fishing piers on the ICW.
    • POC water and sewer lines are in place; just pay the hook up fee.
    • Electricity is underground from Victoria Electric Co‑Op.
    • 2100 SF minimum for these waterfront lots (check builder for construction and boat house building costs).
    • Community pool area includes faux beach, splash pad, BBQ pits, and bathrooms/showers at the common rental club house.

    Overview

    This offering includes a waterfront residential lot (Lot 159) that is adjacent to Lot 158, both located on Chateau Way in Port O’Connor, TX. The property is positioned within a neighborhood that features shared recreational areas centered around a pool, with boat slips located by the pool area for convenient family boarding and drop-off. Water features and outdoor amenities include fishing piers on the ICW, a faux beach adjacent to the pool, a splash pad, a basketball ball court, a playground, and BBQ pits near the pool area. Bathrooms and showers are provided by the pool and common rental club house. Pocket parks are also built throughout the neighborhood, allowing off-water lots to access water for fishing and water-view enjoyment across canals.

    For utilities, Port O’Connor water and sewer lines are reported to be in place, with a hook-up fee required. Electricity is described as underground from Victoria Electric Co-Op.

    For buyers planning a residential build, the neighborhood is stated to require a minimum home size of 2,100 square feet on these waterfront lots, and prospective purchasers should confirm construction and boat house costs with the builder.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Clothing & Fashion Store Restaurant (Bike/Boat/Book/etc) Store Restaurant Fish Market Food Market Cafe & Coffee Shop Wine and Liquor Store (Bike/Boat/Book/etc) Store Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Port O' Connor
    County
    Calhoun
    State
    Texas
    Longitude
    -96.6507
    Latitude
    28.2231

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    FAQs

    What type of property is this?
    Waterfront Land - Build on a waterfront lot with community amenities and fishing access along the ICW.
    Where is this waterfront land located?
    The property is located at 159 Chateau Way lot 159 Port O' Connor, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Two adjacent waterfront lots on Chateau Way, each listed at $75,000 (Lot 158 and Lot 159).; Canal access with fishing piers on the ICW.; POC water and sewer lines are in place; just pay the hook up fee.
    (361) 920-2005
    We can help!
    Listing Contact
    Brenda G Carter
    Brenda G Carter
    Real Estate License ID: 0465824
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    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.

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