1365 Tx-87 Bolivar Peninsula, TX 77650
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.