Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Key Allegro Title is generated by Realmo AI

    29 Flamingo, Rockport, TX 78382

    View on Map
    Claim this Listing
    For Sale
    $399,000

    LAND - ROCKPORT, TX

    Lot size:
    0.14 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 29 Flamingo

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    DAYNE LUCE
    DAYNE LUCE

    Listing agent DAYNE LUCE License #0431648

    Listing office LUCE PROPERTIES 1809 Bay Shore Drive, ROCKPORT, TX

    Listing date Apr 6, 2026

    MLS# 154962 Listing URL

    Copyright © 2026 Rockport Area Association 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.

    HighLights

    • Waterfront lot with approximately 74 feet of frontage on Key Allegro Island.
    • Easy boat access to Little Bay and Aransas Bay for fishing and recreation.
    • Located in the desirable Key Allegro community with access to a community pool.
    • Opportunity to purchase the adjoining property at 31 Flamingo for a larger homesite.
    • Utilities available: Natural Gas, Public Water, and Public Sewer.
    • Enjoy coastal bird watching, dolphin sightings, and sunset views from the property.

    Overview

    This waterfront lot, located at 29 Flamingo on Key Allegro Island in Rockport, TX, offers an opportunity to build a coastal escape. The property features approximately 74 feet of waterfront and is 80 feet deep. It provides boat access to Little Bay and Aransas Bay, positioning it near fishing locations on the Texas coast. The lot is located in the Key Allegro community, and residents have access to a community pool. The property can also be purchased with the adjoining property at 31 Flamingo. The lot is zoned R. The size of the lot is approximately 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.0303694
    Latitude
    28.0408993

    Nearby Similar for Sale

    • $1,600,000
      3,320 SF

      Commercial Property Overlooking Little Bay

      Established commercial property with durable features and ample parking.
      701 Hwy 35 N, Rockport, TX 78382
      View Details
    • $689,000

      Rockport Commercial Land with Views

      Prime 1.117-acre commercial land with water views in Rockport, TX.
      2204 Picton, ROCKPORT, TX 78382
      View Details
    • $1,600,000
      3,320 SF

      Commercial Property Overlooking Little Bay

      Established commercial property with a functional layout and commercial kitchen.
      701 Hwy 35 N, ROCKPORT, TX 78382
      View Details
    • $929,000
      5,310 SF

      Rockport Multifamily Investment Opportunity

      Six-unit residential portfolio in Rockport, TX, near Aransas Bay.
      419 W Concho, ROCKPORT, TX 78382
      View Details
    • $498,000
      2,400 SF

      Rockport Retail Space Opportunity

      High-visibility retail space in Rockport, ready for customization.
      904 HWY 35 S, Rockport, TX 78382
      View Details
    • $649,000

      Mixed-Use Development Opportunity, Rockport

      Corner lot ideal for mixed commercial and residential development.
      602 S Pearl Street, ROCKPORT, TX 78382
      View Details
    • $649,000

      Mixed-Use Development Opportunity

      Corner tract ideal for mixed-use development in Rockport, TX.
      602 S Pearl Street, ROCKPORT, TX 78382
      View Details
    • $600,000

      Rockport Development Opportunity on Acres

      4.5+ acres in Rockport, TX, ideal for multi-family development.
      1004 Young Street, ROCKPORT, TX 78382
      View Details
    • $600,000

      Rockport Development Opportunity on Acres

      4.5+ acre corner property in Rockport, TX for development.
      1004 Young Street, ROCKPORT, TX 78382
      View Details
    • $748,900

      Bayfront Land with Panoramic Views

      2.29 acres of prime bayfront land in Rockport, TX.
      5511 Fm 1781 lot: 4, Rockport, TX 78382
      View Details
    • $1,500,000
      712 SF

      Established RV Park Investment Opportunity

      Rockport RV park with income potential and expansion possibilities.
      1421 W Corpus Christi Street, Rockport, TX 78382
      View Details
    • $2,500,000
      2,736 SF

      Thriving RV Resort in Rockport

      Turn-key 10-acre RV resort with expansion potential in Rockport, TX.
      149 Old Salt Lake Rd, Rockport, TX 78382
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot in Rockport's Key Allegro community.
    Where is this waterfront land located?
    The property is located at 29 Flamingo Rockport, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Waterfront lot with approximately 74 feet of frontage on Key Allegro Island.; Easy boat access to Little Bay and Aransas Bay for fishing and recreation.; Located in the desirable Key Allegro community with access to a community pool.
    (361) 779-5829
    We can help!
    Listing Contact
    DAYNE LUCE
    DAYNE LUCE
    Real Estate License ID: 0431648
    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
    29 Flamingo, ROCKPORT, TX 78382
    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!