Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3201 Tx-87 Bolivar Peninsula, TX 77650

    Sponsored
    For Sale
    $5,577,858

    Prime Coastal Development Opportunity. Exceptional Investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This expansive 197-acre property in Bolivar Peninsula, Galveston County, Texas, presents a remarkable investment opportunity for developers. Located at 3201 TX-87, zip code 77650, this commercially zoned land offers significant potential for mixed-use development, encompassing commercial, residential, and potentially hospitality components. A proposed site plan is available. The property boasts 1,765 feet of frontage and is conveniently situated near Galveston, accessible by a short drive and ferry ride. The area is renowned for its natural beauty, including proximity to Galveston Bay, offering excellent fishing opportunities. Nature enthusiasts will appreciate the nearby Anahuac and McFaddin National Wildlife Refuges, and the Houston Audubon Society sanctuaries at High Island, including the Globally Important Bird Area of Bolivar Flats. Essential utilities, including sanitary sewer and water, are readily available at the site, with electric service across the highway. The asking price is $5,577,858, translating to approximately $0.65 per square foot. Buyers are advised to conduct their own due diligence regarding wetlands and jurisdictional classification of acreage. This is a truly exceptional opportunity to create a landmark project on the upper Texas Coast.

    Property Features for 3201 Tx-87

    General Information

    Property type
    Land
    Lot Size
    8,581,320 SF

    HighLights

    • 197‑acre site
    • $0.65 PSF
    • Utilities available on‑site
    • Commercially and residentially zoned
    • 1,765 feet of frontage
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bolivar Peninsula
    County
    Galveston
    State
    Texas
    Longitude
    -94.587314
    Latitude
    29.477203

    Nearby Comparable

    • $3,200,000

      1046 Fisherman Dr

      Multifamily properties
      1046 Fisherman Dr, Bolivar Peninsula, TX 77650
      View Details
    • $375,000

      Coastal Land with Commercial Building

      High-traffic location with commercial building suitable for various uses.
      2206 Highway 87, Crystal Beach, TX 77650
      View Details
    • $1,590,013

      Bayside Investment Opportunity

      67-acre bayside property with Intracoastal Waterway frontage.
      2131 Highway 87, Crystal Beach, TX 77650
      View Details
    • $80,000

      Lots Available on Port Bolivar

      Fabulous property on the Bayside of Hwy 87 in Texas.
      Head Hunter Dr, Gilchrist, TX 77617
      View Details
    • $425,000
      1,500 SF

      Crystal Beach Smoke Shop Business

      Profitable Smoke Shop, Turnkey Operation
      1920 Tx-87, Bolivar Peninsula, TX 77650
      View Details

    Nearby Similar for Sale

    • $730,000
      3,000 SF

      Port Bolivar Beachfront Hotel

      Six-room hotel, stunning Gulf views, great investment.
      2134 Vis, Bolivar Peninsula, TX 77650
      View Details
    • $425,000
      1,500 SF

      Crystal Beach Smoke Shop Business

      Profitable Smoke Shop, Turnkey Operation
      1920 Tx-87, Bolivar Peninsula, TX 77650
      View Details
    • $300,000

      Prime Bolivar Peninsula Retail Space

      High-traffic Texas City dry cleaner for sale.
      0 Dry Cleaners, Bolivar Peninsula, TX 77550
      View Details
    • $449,000

      Beachfront RV Park Investment

      Turnkey RV resort, high ROI potential.
      1845 Oleander, Bolivar Peninsula, TX 77650
      View Details

    FAQs

    What type of property is this?
    Land - Prime Coastal Development Opportunity. Exceptional Investment.
    Where is this land located?
    The property is located at 3201 Tx-87 Bolivar Peninsula, TX.
    What is the asking price?
    The asking price for this property is $5,577,858.
    What are key features of this property?
    This property features: 197-acre site; $0.65 PSF; Utilities available on-site
    (832) 455-6486
    Request Owner's contact information
    3201 Tx-87 Bolivar Peninsula, TX 77650
    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.
    3201 Tx-87
    Bolivar Peninsula, TX 77650
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3201 Tx-87 Bolivar Peninsula, TX 77650
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.