_1.6 acre beach front

1.67 Acre Beach Front Property

HIGHLIGHTS 1.67 Flood $1.35M 100' Short Acres Zone Beach Term Duplex Front Rental A Allowed



MLS LISTING Welcome to Mustang Island Estates! An exclusive beach front community consisting of large 20,000sqft+ lots! There is no other tract community boasting this amount of privacy. The crown jewel of the community is the ocean front estate with 100' of beach front! Up the driveway at the end of the cul-de-sac, you will find this 1.5 acre parcel nestled in the dunes. Resting just off the beach, with a grandfathering which allows you to build just over 200ft from the beach, you can build a home 80' in width. Imagine that! Almost every room in the home having an ocean view! Short term rentals allowed! Approved for duplex! Lot offers unobstructed views of the water, sunrise, and sunset. Just steps from the beach with dune cross over. A Drive way from cul des sac to your lot adds to the privacy. Plenty of room to adds pool, pickle-ball court and what ever else you can imagine! Build your dream home or double up for investment! Must See!

100' OF BEACH FRONT

ANALYSIS Comparative After reviewing the few Beach front lots available along mustang island our firm concluded the value of the land is $1.35m. Especially considering that there are so few ocean front short term rentals available and this particular property has the unique ability to host a duplex. Along with these characteristics, this estate provides unparralled privacy and serenity when juxtaposed with all th eother available lots.

FLOOD ZONING Another unique feature to this property is it's \"A\" FEMA flood zone rating while being as close to the water as it is. If you compare it's proximity to the water with other neighborhoods, like Ocean View Estates or Light House Addition, you will see that most of those homes find themselves in the VE flood zone. VE is very expensive to insure and this property will save thousands a year in flood insurance by being in the A zone.

Kelby Mailing address CONTACT INFO 111 W. Cotter Port Aransas, Texas, 78373 Mccan Email address [email protected] Phone number 361-800-3691

ABOUT Kelby is a Realtor in Port Aransas, Texas specializing in luxury residential and commercial land development. In 2021, between Jan- Nctober he has Kelby McCan represented over $19.6M in residential and commercial purchases and holds $7M in available properties. Previously in 2019 he prepared the feasibility study for a 30 acre parcel acquisition in Port Aransas with estimated gross value of $24M subdivided and $75M improved. He currently is the assigned agent for the $16.5M contract and is 1 of the top 50 Realtors in South Texas. Recent Projects 2021: -Project Manager and partner for the new $3.5M 2 acre beer and food garden being developed on the corner of Alister and Cotter known as \"Port A Sip Yard\" -1.5 Acre beach front track along Lantana parceled and exited < 90 days. -RV park purchased then converted to condo. 13 of 23 lots under contract to close December and will produce a 4.5 MOIC in less than 7 months. -Project manager Oniel Court 1509 11th street. Purchased with partnership October 5th, converted to condo, 3 of 5 units under contract to close Jan 6th. MOIC 2.5 in less than 6 months. With success in both complex commercial & residential development, Kelby McCan will bring out the best in any deal.