4295 State Hwy Bolivar Peninsula, TX 77650
- Land
- 272.00 lot acres
Current Use by Public Records
- Land
Property Details for 4295 State Hwy
- Lot size
- 272.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bolivar Peninsula
- County
- Galveston
- State
- Texas
- Longitude
- -94.7097
- Latitude
- 29.4244
