$895,000
990 E FM 628, Riviera, TX, 78379
About this property
Rare opportunity to own a cash-flowing waterfront property on Baffin Bay with short-term rentals allowed! Situated on 2.6 acres, this unique property includes four separate buildings and boasts over 200 feet of water frontage protected by a concrete bulkhead. The 300+ foot fishing pier features a spacious L-head, allowing multiple groups to fish comfortably. Building One includes four one-bedroom units, each furnished with four beds and kitchenettes. Building Two also offers four one-bedroom units, each with two beds and full kitchens. Building Three is a 2-bedroom, 1-bath home built approx. 10 years ago. Perfect as an on-site manager’s residence, it features a second bedroom that can serve as an office with it's own entrance, and a separate laundry room with capacity for four washers/dryers. The largest structure, Building Four, sits closest to the water and showcases panoramic views of Baffin Bay through seven large windows. Inside is an open-concept living/dining/kitchen area and two bedrooms—ideal for entertaining or relaxing. Multiple outdoor seating areas enhance the guest experience. Whether you're looking to retire and manage on-site or rent all 10 units and manage remotely, this is a turn-key investment. Easy access to FM roads and just 15 minutes from I-69. An additional shaded, undeveloped section offers potential for RV sites. Listed at $895,000—don’t miss out!
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Riviera
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