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    1365 Tx-87 Bolivar Peninsula, TX 77650

    For Sale
    $2,250,000

    50 Acres, Water & Hwy Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 50-acre property in Galveston County, Texas, presents a unique investment opportunity. Located at 1365 TX-87, Bolivar Peninsula, zip code 77650, this unrestricted land boasts approximately 433 feet of frontage on State Highway 87, offering significant visibility and accessibility. A key feature is its water frontage on the Intracoastal Waterway (ICW), providing picturesque views and potential for waterfront development. The property's strategic location is less than 1.5 miles from the popular Camp Margaritaville Resort and under a mile from the City of Crystal Beach, ensuring proximity to amenities and attractions. Beach access is conveniently located approximately 0.7 miles away. The expansive acreage is ideal for a variety of commercial and residential developments, including the creation of bay houses, capitalizing on the high demand for coastal properties in this desirable area. The asking price for this remarkable parcel is $2,250,000. This is a rare chance to acquire a substantial tract of land with exceptional features in a thriving coastal community.

    Property Features for 1365 Tx-87

    General Information

    Property type
    Land
    Lot Size
    2,178,000 SF

    HighLights

    • 433 feet of frontage on State Highway 87.
    • Water frontage on the Intracoastal Waterway (ICW).
    • Less than 1.5 miles from Camp Margaritaville Resort.
    • Less than 1 mile from Crystal Beach.
    • Approximately 0.7 miles from beach access.
    • Excellent location for bay house development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bolivar Peninsula
    County
    Galveston
    State
    Texas
    Longitude
    -94.7329268
    Latitude
    29.3979953

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      Bolivar Peninsula Waterfront Land

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    Nearby Similar for Sale

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      Beachfront RV Park Investment

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    FAQs

    What type of property is this?
    Land - 50 Acres, Water & Hwy Frontage
    Where is this land located?
    The property is located at 1365 Tx-87 Bolivar Peninsula, TX.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 433 feet of frontage on State Highway 87.; Water frontage on the Intracoastal Waterway (ICW).; Less than 1.5 miles from Camp Margaritaville Resort.
    (281) 664-6661
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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
    1365 Tx-87 Bolivar Peninsula, TX 77650
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