Property profile

704 Melanie Dr Pharr, TX 78577

FOR SALE
Land
Property ID
US82-0268310
1.54 ac lot
Individually Owned 1-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.54 ac (66,865 SF)
UPID US82-0268310

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

704 Melanie Dr Pharr, TX 78577
Pharr metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2016
$35,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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