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$44,900

NAL Estimated Property Value

1148 Pennington, Gilchrist, TX, 77617

Off MarketInfo
Baths0 Bath

About this property

Canal front lots with access to the Gulf! Where else in the U.S. can you find canal lots across from a 367-acre Audubon Bird Sanctuary WITH a 90 second golf cart ride to the beach? Imagine sunsets over the bay with your boat parked in your backyard (subdivision also has private boat launches). Ten minutes from skiing or fishing in East Bay, or fish from your deck. Skip the ferry and take your boat to Galveston in half the time. The famous Stingaree restaurant is 10-minutes by car or boat. Or, hop in your golf cart and have toes in the sand in 90 seconds! Perfect for a family/friend compound, forever home, vacation rental or RV spot. Compare the price with ANY canal property in the U.S., not to mention beach access and the bird sanctuary! These prices can't stay at this level. Adjoining lots 29, 31, 32 and 33 are also available to purchase under MLS#'s 72543721, 9617815, 43175311, 39806648.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$120/month
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gilchrist

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1148 Pennington | Property Details | No Agent List