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    4295 State Hwy 87 Bolivar Peninsula, TX 77650

    Sponsored
    For Sale
    $8,900,000

    Prime 272-acre bayfront development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 272+/- acre waterfront development opportunity in Bolivar Peninsula, Texas, located on State Highway 87. This property boasts direct access to Galveston Bay and the Intercostal Waterway, offering unparalleled potential for a diverse range of projects. Over 212+/- acres are available for residential and commercial development, including expansion of an existing marina. Imagine a thriving complex incorporating hotels, restaurants, a yacht club, storage facilities, and RV spaces. The site benefits from an existing permitted and protected marina location, a water control and improvement district, and a Corps of Engineers 404 C permit nearing final approval. A significant asset is the inclusion of a mitigation tract to streamline development. The property also features certified quantities of beach-quality sand and overburden valued at over $5 million. This location is highly desirable, situated across the highway from Bolivar Beach and just 10 minutes from the Bolivar Ferry to Galveston. The surrounding area thrives with existing RV parks, vacation rentals, resorts, and various retail and dining establishments, including Jose's Cantina, Pappy's Seafood, Tiki Beach Bar & Grill, Dollar General, and Ace Hardware. This is a truly unique investment opportunity with exceptional potential for significant returns. Asking price: $8,900,000. Address: 4295 State Hwy 87, Bolivar Peninsula, TX 77650.

    Property Features for 4295 State Hwy 87

    General Information

    Property type
    Land
    Lot Size
    11,848,320 SF

    HighLights

    • Unique waterfront development opportunity on 272+ acres in Bolivar Peninsula, TX.
    • Existing permitted and protected marina.
    • Direct access to Galveston Bay and Intercostal Waterway.
    • Existing water control and improvement district.
    • $5M+ value in certified beach‑quality sand and overburden.
    • Corps of Engineers 404 C permit nearing final approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bolivar Peninsula
    County
    Galveston
    State
    Texas
    Longitude
    -94.709659
    Latitude
    29.424376

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    FAQs

    What type of property is this?
    Land - Prime 272-acre bayfront development opportunity.
    Where is this land located?
    The property is located at 4295 State Hwy 87 Bolivar Peninsula, TX.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: Unique waterfront development opportunity on 272+ acres in Bolivar Peninsula, TX.; Existing permitted and protected marina.; Direct access to Galveston Bay and Intercostal Waterway.
    (713) 899-7993
    Request Owner's contact information
    4295 State Hwy 87 Bolivar Peninsula, TX 77650
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    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
    4295 State Hwy 87 Bolivar Peninsula, TX 77650
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