0 Ocean Blvd South Padre Island, TX 78597
This exceptional 14.97-acre tract, the southern half of Tract 21, presents a unique investment opportunity on South Padre Island, Texas. Currently subdivided into 48 lots, this property is primed for immediate residential development. Located on Ocean Blvd in Cameron County, zip code 78597, its strategic location offers unparalleled access to the beach. The property's size is noteworthy, being larger and wider than comparable tracts in the area. While utilities are not currently on-site, electricity and water are conveniently located less than half a mile away, simplifying connection. Directions: From Beach access 6, travel north 1.4 miles to coordinates 26.2284, -97.1824. The property's proximity to the planned second causeway for South Padre Island and the expanding presence of SpaceX further enhances its long-term potential. The current city government actively supports development and annexation, creating a favorable environment for investors. This is a rare chance to acquire a substantial, ready-to-develop parcel in a rapidly growing area, offering significant upside for both commercial and residential ventures. The asking price is $995,000. APN numbers are available upon request. Ownership is held by Seales.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.