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$995,000

1500 Blue Water Drive, Freeport, TX, 77541

On MarketInfo
Just AddedInfo
Beds— Beds
Baths17 Bath
Baths6,113 Sq Ft

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 17Bathrooms Full 17
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling

Exterior

Lot Size6.12 acres

Building Information

Year Built1988
Stories1
Roof Type104
Garage Spaces11

Land Information

APN0009-0025-110
SubdivisionB T Archer
Land UseResidential
Legal DescriptionA0009 B T ARCHER TRACT 6C2-6D-6D1-6D2 ACRES 6.117
Census Tract664100
Assessed Land Value$251,370
Assessed Improvement Value$575,650
Assessment Year2025

About this property

Rare opportunity to own 7.599 acres of waterfront property along Oyster Creek in Freeport. Situated on Blue Water Drive near Hide-A-Way on the Gulf, this expansive property offers a unique combination of acreage, water frontage, and existing improvements with significant potential for a buyer looking to create something truly special. The property is being offered primarily for its land value and currently includes a main residence, additional living quarters, multiple garages, a pool, tennis court, gated entrance, and other improvements. The existing structures are in need of significant renovation, giving the next owner the opportunity to restore and reimagine the property or explore other possibilities for the site. With more than seven acres along the water and substantial space to bring a new vision to life, this is a rare opportunity to acquire a property of this size in a coastal residential setting. Property is being sold as-is.

Investor Tools

$0Estimated Mortgage Balance
$882,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

Interested in this property?

Nichelle Richards

Nan & Company Properties-Galveston Office

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,114
$827,020
2025
$251,370
$575,650
$827,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,114
$827,020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$882,000
100%
0%
$0/mo

City: Freeport

1500 Blue Water Drive | Property Details | No Agent List