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$319,000

587 N Ocean Dr, Port Lavaca, TX, 77979

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths5,726 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$55.71 / sqft
Year BuiltBuilt in 1979

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size23,596 sqft

Building Information

Year Built1979

Land Information

APN39206
Lot Number1-6,13
Land UseCommercial
Legal DescriptionMALLORYS FIRST ADDITION, BLOCK 7, LOT 1,2,3,4,5,6,13
Census Tract000401
Assessed Land Value$198,000
Assessed Improvement Value$34,270
Assessment Year2025

About this property

Welcome to Magnolia Beach. This beach is world-famous for free camping or boondocking along Lavaca Bay and is frequented by thousands of visitors throughout the year. This location offers unlimited potential for investors, builders, or entrepreneurs. This building was once the site of the "Crows Nest," a happening restaurant and bar to locals and campers. The county property type is listed as commercial and residential lots. The current building has fallen into ruin and is in dire need of repair or teardown. Someone once said location is everything, and this location is breathtaking. Don't miss this opportunity to own a fantastic property with unlimited possibilities on the beach.

Investor Tools

$0Estimated Mortgage Balance
$232,270Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

Interested in this property?

James Oliver

Russell Cain Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,251
$232,270
2025
$198,000
$34,270
$232,270
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,251
$232,270

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$232,270
100%
0%
$0/mo

City: Port Lavaca

587 N Ocean Dr | Property Details | No Agent List