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B+
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Days29Days on Market
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$439,000

1838 W Bayshore Dr, Palacios, TX, 77465

$474,852 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.86 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Disposal, Microwave, Refrigerator, Water Heater, Range
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesOther
Lot Size11,326 sqft

Building Information

Year Built1979

Land Information

APNR13655
Lot Number358
SubdivisionCape Carancahua
Land UseResidential
Legal DescriptionCAPE CARANCAHUA #2, LOT 358, ACRES 0.26
Census Tract950100
Assessed Land Value$75,000
Assessed Improvement Value$268,755
Assessment Year2025

About this property

Built for entertaining this Gulf Coast getaway is the ultimate fishing destination nestled in the vibrant, gated community of Cape Carancahua. This well-maintained home offers over 2000 sq feet of waterfront fun on just over a quarter of an acre for you to enjoy. Clean, bright & crisp, the watchword of this home is versatility! You are welcomed by a wide-open living room that flows into another combination living/dining room that is open to the kitchen. This layout was MADE for entertaining! All the living/dining spaces could be totally customized to suit your particular lifestyle. The kitchen is coastal perfection with plenty of custom cabinetry, lots of gleaming granite counter space, sleek stainless appliances & a perfect pantry! The downstairs is also home to a nicely updated full bath, a well-appointed laundry room with tons of storage, a spacious bedroom & a flex space that could be an office, storage or even a nice third bedroom. Upstairs you will find a fantastic loft area that has endless potential! It would be a spectacular bunk area for kids, the most beautiful crafting area, a peaceful reading space, a home office, or anything your heart could imagine. There is also a spacious bedroom & another big bathroom! Flooded with natural light, most of the rooms in this charming home offer sweeping views of Carancahua Bay. The back deck that extends the entire length of the home is shaded from the evening sun making it a real, functional extension of the living space. There is a sidewalk that winds to the sturdy pier complete with the ultimate T head featuring covered seating, a place to park the boat, & lights! You have all the room you need to cast for bait fish & land the big ones! Cape Carancahua is less a neighborhood & more a lifestyle with 2 lovely pools, 2 lighted fishing piers, a well-maintained boat ramp, community pavilion, lighted tennis courts, volleyball courts, parks, a playground and much more. Come experience gracious coastal living for yourself!

Investor Tools

Property Icon
$343,755
Estimated Property Value
$93,000Estimated Mortgage Balance
$235,663Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$474,851
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,634 /month
Positive
Cash Flow Estimate:
$878 /month

Interested in this property?

Katherine Compton

Twin Rivers Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$269/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,508
$343,755
2025
$75,000
$268,755
$343,755
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,508
$343,755

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$93,000
No
First
Aug 26, 2008
Sep 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,092
$235,663
68%
31%
$970/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: Palacios

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1838 W Bayshore Dr | Property Details | No Agent List