303 Old Bayou Dr, Dickinson, TX 77539
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.
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.