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Property profile & analytics
OFF-MARKET
Land

0 Ocean Blvd South Padre Island, TX 78597

14.97 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 14.97 ac (652,093 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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