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    OFF-MARKET
    Bed & breakfasts

    303 Old Bayou Dr, Dickinson, TX 77539

    2,202 SF Built 1996
    Property ID
    US82-2305513
    Property summary
    AI-generated overview

    303 Old Bayou Drive is a bayou-front hospitality asset offering documented short-term rental performance with clear upside. This updated 4-bedroom, 3-bath, 2,202 SF waterfront home was owner-occupied and operated as a part-time short-term rental , creating a rare opportunity for investors to expand availability and increase revenue through full-time STR use. In 2024, the property generated $43,184 in gross short-term rental income across 97 booked nights , demonstrating strong demand despite limited rental availability. With no HOA restrictions , investors benefit from flexibility and fewer operational constraints. The home is well-suited for Airbnb and vacation rental guests, featuring spacious open-concept living areas, abundant natural light, and a cozy interior fireplace. Outdoor amenities elevate guest experience and nightly rates, including lush turf, a custom putting green, hot tub, covered patio, and peaceful bayou views . Located just seconds from Highway 45 , the property offers convenient access to Houston, Galveston, shopping, dining, and major employment centers—appealing to vacationers, weekend travelers, and corporate guests alike. Offered as a hospitality investment with in-place income and expansion potential, 303 Old Bayou Drive combines waterfront lifestyle appeal with scalable short-term rental performance.

    Property profile
    Verified
    Property type Bed & breakfasts
    Year built 1996
    Total area 2,202 SF
    UPID US82-2305513
    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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