For Sale

$3,500,000

HIGHLIGHTS:
  • Active
  • $33,523/month
  • 1 DOM
  • 2 SqFT
Description

Prime Development Opportunity on Padre Island — 2.35 Acres of CR-2 Resort-Zoned Land - Positioned in the heart of North Padre Island, this 2.35-acre assemblage offers a rare chance to secure seven contiguous platted lots in a location already recognized for its resort-driven growth and coastal appeal. Currently a portion of this acreage houses a metal building with four bays fully rented earning good income. Targeted development for this property is Multifamily Residential/Condominium/Short-Term Rental. Commercial Resort (CR-2) designation is one of the most flexible and valuable zoning categories on the Barrier Islands. Permitted uses: Tourist-oriented retail and services, water-related commercial ventures, indoor/outdoor amusement/recreation, and most importantly townhomes, multifamily, cottages, and group living. This zoning allows mixed-use development, hospitality concepts, vacation rentals, or resort-style residential communities—all in high demand on North Padre Island.

Overview
  • MLS Number: 66015897
  • Type: Lots
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: N/A
  • Land Size:
  • Year Built: N/A
Financial
Price:
$3,500,000
Price/SqFT:
$1,750,000.0
HOA Fee:
$100 Annually
Tax Rate:
0 %
Est. Monthly:
$33,523 *
Tax Amount:
$0
Amenities and features
  • Sewer
  • Water Access
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Lot Description:
    Interior
    Water Sewer:
    Public Sewer,Public Water
    Cable:
    Unknown
    Phone:
    Unknown
    Electric:
    Electric Available
    Gas:
    Availability Unknown

Listed By:
Debra Brock

Rev Realty Texas LLC.

The data on this website relating to real estate for sale comes in part from the IDX Program of the Houston Association of REALTORS®. All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.

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