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$224,000

NAL Estimated Property Value

3505 Pelican Way, Palacios, TX, 77465

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size7,640 sqft

Land Information

APN89228
Land UseResidential
Legal DescriptionBEACHSIDE, LOT 258 & 258X, (REPLAT)
Census Tract730600
Assessed Land Value$145,000
Assessment Year2025

About this property

With a little over an hour drive from Houston, this WATERFRONT lot is ready for you to build your dream home and/or a second home just to get away, relax and enjoy the amazing sunset view. In a CUL-DEL-SAC and not to mention it's steps from the Lighthouse Park and fishing pier. This GATED community offers many recreational facilities including a clubhouse, pool, tennis courts, community fishing piers, boat/RV storage, basketball court, playground, biking, RV/ boat storage, and golf cart friendly. Fully paved roads and all utilities available. No timed restrictions on when you need to build so you can buy now and build later with ease. If you love to be by the water and enjoy your evenings listening to the waves, tranquility outside of busy and congested cities, come see this beautiful bayside view and everything the community has to offer, you won't be disappointed!!!

Investor Tools

Property Icon
$224,000
Estimated Property Value
$237,953Estimated Mortgage Balance
$29,047Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$352/month
$1,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,107
$145,000
2025
$145,000
N/A
$145,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,107
$145,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Conventional
$241,965
No
First
Nov 16, 2023
Dec 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,953
$29,047
10%
106%
$2,035/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.

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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: Palacios

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3505 Pelican Way | Property Details | No Agent List