111 Port Royal, City By The Sea, TX
Sports fisherman enjoy your very own fishing camp/man cave for short term rental or permanent home. Live in one unit and rent the additional unit. Or rent both combined through short term vacation rental. Sits on deep canal front w/ app. 30′ dock. This is a fisherman’s dream.
Combined 6 bedrooms, 3 bathrooms – 3030 sf.
Upstairs 4 bedrooms, 2 baths- 1742 sqft, kitchen, bar living/dining areas, extensive screened in porch.
Downstairs 2 bedrooms/1 bath, kitchenette -1338sqft
Waterfront w/ dock and boat lift – app. 30’ front lot and dock
Livable ‘as-is’ but needs some rehab/updating ( buyer to determine scope of rehab thorough own due diligence)
This will be sold through assignment of contract. Cash or hard money.
Comps -All canal front comps – Anything selling in City By The Sea today under $500,000 are waterfront lots
Here’s what’s sold in cmparables over the last 2 years.
112 Port Royal, 4/4, 2336 sqft Sold 3/17/2017] $322,500, BLT 1969 (dated, in need of rehab) (138 sf)
153 Driftwood, 4/3 1504 sqft, sold [2/6/2017] $395,000 BLT 1974 (livable but needs some updates) (263sf)
220 Port St Claire, 3/2, 1250 sqft, sold [7/31/2018] $420,600 BLT 1968, (updated) (336.48sf)
164 Port St Claire, 3/2, 1451sf, sold [8/13/2018] $210,000, BLT; 1965 (moderate work needed) (145sf)
Air B & B rentals in City By The Sea (estimate of potential STR income)
Down 2/1 – avg $ 150-200/night
Upstairs – 4/2 avg $350-375/night
Whole House – avg $425-575/night
“In Nueces, Aransas and San Patricio counties, Airbnb hosts earned a combined $11.5 million in supplemental income last year.” Caller Times January, 2019