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    1133 Bay Dr Bolivar Peninsula, TX 77650

    For Sale
    $1,750,000

    31.95 Acres, Commercial Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 31.95-acre commercial land parcel in Port Bolivar, Texas, presents a unique investment opportunity. Located at 1133 E Bay Dr, Galveston County, zip code 77650, this undeveloped, raw land is part of an unrecorded subdivision called East Bay Estates. The property boasts convenient access from both Boyt Rd and E Bay Dr S, placing it less than 425 feet from SH 87 access, less than 0.4 miles from a yacht basin on Boyt Rd, and within 1.9 miles of the Margaritaville Resort. Beach access is conveniently located less than 0.6 miles away, and Crenshaw Elementary School is also within 0.6 miles. Its strategic location makes it ideal for various commercial developments, such as bay houses or an RV park, capitalizing on its proximity to the beach and resort amenities. The property is FEMA insured, offering additional peace of mind. Furthermore, the anticipated completion of a new Entergy substation in 2025 on the Bolivar Peninsula promises increased electricity supply, supporting the expected growth in Port Bolivar and enhancing the property's long-term value. The asking price for this significant land holding is $1,750,000.

    Property Features for 1133 Bay Dr

    General Information

    Property type
    Land
    Lot Size
    1,391,742 SF

    HighLights

    • Convenient access from Boyt Road and East Bay Drive South.
    • Less than 425 feet to State Highway 87.
    • Proximity to a yacht basin on Boyt Road (under 0.4 miles).
    • Close to Margaritaville Resort (under 1.9 miles).
    • Beach access within 0.6 miles.
    • Less than 0.6 miles from Crenshaw Elementary School.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bolivar Peninsula
    County
    Galveston
    State
    Texas
    Longitude
    -94.7025861
    Latitude
    29.4269774

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    FAQs

    What type of property is this?
    Land - 31.95 Acres, Commercial Potential
    Where is this land located?
    The property is located at 1133 Bay Dr Bolivar Peninsula, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Convenient access from Boyt Road and East Bay Drive South.; Less than 425 feet to State Highway 87.; Proximity to a yacht basin on Boyt Road (under 0.4 miles).
    (281) 664-6661
    Request Owner's contact information
    1133 Bay Dr Bolivar Peninsula, TX 77650
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    Realmo Value Estimation

    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.

    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.

    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
    1133 Bay Dr Bolivar Peninsula, TX 77650
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