8265 Park Dr Beaumont, TX 77708
This exceptional 38.11-acre residential land parcel in Beaumont, Texas, presents a rare development opportunity. Located at 8265 Park N Dr, Jefferson County, zip code 77708 (30.1531309, -94.1696541), this high-elevation property boasts a significant advantage: it has never flooded. The land is zoned for residential use and requires no detention pond. A pre-existing agreement with Drainage District #6 allows for a small portion of the land to be deeded to them for ongoing lawn maintenance in the surrounding area. Preliminary infrastructure is already in place, including some installed water lines and storm sewers, remnants of a previous plan to develop a neighborhood. While streets were never constructed, this existing infrastructure significantly reduces development costs. The asking price is $575,000, representing a compelling value considering comparable smaller lots in the Park North area recently sold for $1 million. This property offers the unique potential to create a large family compound or to be subdivided and sold for individual lots, generating substantial profit. This is a truly exceptional opportunity for discerning investors and developers.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.