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Days43Days on Market
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$60,000

1404 Sheri Lane N 1, Pelican Bay, TX, 76020

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5,584 sqft

Land Information

APN32060C-2-6
Lot Number6
SubdivisionPelican Bay Addition
Land UseResidential
Legal DescriptionPELICAN BAY ADDITION BLOCK 2 LOT 6
Census Tract114203
Assessed Land Value$19,245
Assessment Year2025

About this property

Opportunity awaits with this versatile 0.28-acre lot offering endless possibilities for homeowners, investors, and those looking for additional space. The property features a detached office, covered parking, and a fenced area that's perfect for pets, gardening, or creating your own private outdoor retreat. With no known restrictions, this lot presents an excellent opportunity for someone looking to place a mobile home and create a rental property, personal residence, or long-term investment. The existing improvements add immediate functionality while still leaving plenty of room for future plans. Looking for even more potential? This lot can also be purchased together with the adjacent property featuring a beautifully maintained 4-bedroom, 2-bathroom double-wide manufactured home. Combined, the properties would total just over half an acre, creating a unique opportunity for multi-generational living, investment purposes, additional privacy, or expanded outdoor space. Whether you're searching for your next investment property, a place to set up a manufactured home, or additional land with valuable existing improvements, this property offers flexibility, convenience, and tremendous potential.

Investor Tools

Property Icon
$184,000
Estimated Property Value
$0Estimated Mortgage Balance
$184,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,104 /month
Positive
Cash Flow Estimate:
$368 /month

Interested in this property?

Katy Reeves

Trinity Group Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$113/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$433
$19,245
2025
$19,245
N/A
$19,245
No

Tax History

Year
Tax Paid
Assessed Value
2025
$433
$19,245

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$184,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Pelican Bay

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