1575 Hwy 87, Gilchrist, TX 77617
- $2,450,000
- List Price
- $2,450,000
- Status
- ACTIVE
- MLS#
- 58036651
- Days on Market
- 156
- Lot Size
- 5,359,535
- Lot Size Source
- Survey
- Subdivision
- E Franks Sur
- Region
- 33
- Market Area
- Caplen
- County
- Galveston
Property Description
Positioned in the heart of the rapidly expanding Bolivar Peninsula, this 123.038-acre tract with ±1,100 feet of frontage offers exceptional upside for commercial or residential development. The area is undergoing transformative growth: • 1,000-ft T-shaped fishing pier & public park at Roll Over Pass (completion expected July 2026) • 110-acre Peninsula Beach Resort in Crystal Beach featuring retail, hospitality, luxury condos, rental cottages & private airport • Nearly $100M Camp Margaritaville expansion tripling resort capacity • $110M Entergy Texas infrastructure upgrade enhancing grid reliability • Strong demand for luxury beach homes & short-term rentals on oversized lots With expanding tourism, infrastructure investment, and luxury residential growth, this property presents a strategic land acquisition opportunity in a high-demand coastal corridor. Ideal for mixed-use development, resort concepts, residential subdivision, or long-term land hold.
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Additional Information
- Finance Available
- Buyer Assistance Programs, Cash, Conventional, Investor Financing, Other, Texas Vet, USDA Loan
- Taxes
- $1,115
- View
- Bay, Beach, Canal, Water
- Neighborhood
- Caplen
- Lot Description
- Other, Split Possible, Views, Waterfront
- School District
- High Island
- Elementary School
- High Island School
- Middle School
- High Island School
- High School
- High Island School
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Listing courtesy of Bian Realty.