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$605,790

NAL Estimated Property Value

1588 W Bayshore Drive, Palacios, TX, 77465

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,315 Sq Ft
price_per_sqft$254.86 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
AppliancesDown Draft, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Microwave, Oven, Range Hood, Water Heater, Washer, Range
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size26,136 sqft

Building Information

Year Built2005
Garage Spaces1

Land Information

APNR13675
Lot Number380,381
SubdivisionCape Carancahua
Land UseResidential Single Family
Legal DescriptionCAPE CARANCAHUA #2, LOT 380-381, ACRES 0.6
Census Tract730600
Assessed Land Value$150,000
Assessed Improvement Value$455,790
Assessment Year2025

About this property

Extraordinary, sweeping views await in this absolute showstopper of a home in vibrant, gated Cape Carancahua. Impeccably maintained this home is perched on two lots offering over .6 acres of waterfront fun for you to enjoy. A sunny, oversized, open concept living/dining/kitchen welcomes you, offering breathtaking, panoramic views of the bay. Perfectly appointed, this home was built with entertaining in mind and the wide-open space allows you the versatility to match it to your lifestyle. The bespoke, gourmet kitchen is complete with gleaming granite, an oversized island offering ample seating, sleek stainless appliances, a pantry and custom cabinets with both storage & style galore. This rambling space is rounded out with a clever storage closet and a fun wet bar. The main floor offers 4 great bedrooms, 2 full baths, and a thoughtful, centrally located laundry area. The primary suite features an ensuite bath, walk in closet and a view that will make you want to linger in bed all day! The 3rd floor houses an oversized, open concept loft area that can serve as a bunk room, a game room, additional living space or whatever you can dream up! It also has a serviceable half bath and a bird's eye view of Carancahua Bay. The ground floor has a great storage room, full summer kitchen boasting a Jenn Air downdraft cooktop, built in oven and microwave, a half bath & endless possibilities for future expansion. The covered second floor deck, expansive ground floor entertaining area, & huge open lot are true extensions of the living space. There is even a refreshing outdoor shower! Cape Carancahua is less a neighborhood and more a lifestyle with 2 lovely pools, lighted fishing piers, a well-maintained boat ramp, community pavilion, tennis courts, volleyball courts, parks, a playground and much more. Stylistically this home is without parallel, come experience gracious coastal living for yourself!

Investor Tools

Property Icon
$605,790
Estimated Property Value
$193,434Estimated Mortgage Balance
$412,356Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,635 /month
Positive
Cash Flow Estimate:
$1,212 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$818/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,786
$605,790
2025
$150,000
$455,790
$605,790
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,786
$605,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Conventional
$200,000
No
First
Jul 17, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,434
$412,356
68%
32%
$1,200/mo

City: Palacios

1588 W Bayshore Drive | Property Details | No Agent List