704 Melanie Dr Pharr, TX 78577
This exceptional 1.535-acre residential lot presents a unique opportunity to build your dream home or investment property in a desirable South Pharr location. Situated within a luxurious gated subdivision, residents enjoy access to a wealth of amenities, including a refreshing swimming pool, well-maintained tennis courts, and inviting clubhouses. The property's prime location offers unparalleled convenience, with proximity to the Pharr-Reynosa International Bridge facilitating easy cross-border access. Furthermore, the area boasts an abundance of shopping centers, grocery stores, and diverse dining options, ensuring residents have everything they need within easy reach. Families will appreciate the nearby Southy West High School, providing a convenient and high-quality educational option. The seller is offering owner financing, making this exceptional property even more accessible. Don't miss this chance to build your dream home in this thriving community. This lot is ready for your vision, offering the perfect blend of tranquility and convenience. The 1.535 acres provide ample space for a custom-designed home and landscaping, creating a private oasis within a vibrant community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.