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Property profile & analytics
OFF-MARKET
Land

4295 State Hwy Bolivar Peninsula, TX 77650

272 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 272 ac (11,848,320 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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