Development opportunity on the last of the undeveloped coastlines on the beautiful Texas Gulf coast. Being offered for sale is 41 acres which are currently platted into 286 lots as part of the Gulf Haven subdivision in the community of Gilchrist, Texas on the Bolivar Peninsula. The Bolivar Peninsula is at the beginnings of a building renaissance with development projects SeaGrass Beach, MinWest Develoopment’s Crystal Beach Club, and Laguna Harbor currently underway at full speed. With sanitary facilities and a water system now in place on the Bolivar Peninsula, the cost and convenience of developing this beautiful section of the Texas Gulf Coast has now become a reality.
This 41.83 acre property is not designated as wetlands by the Corps of Engineers. The existing canal along 4th Street ties into a main canal that enters the Inter-Coast Waterway just north of the property providing this property with direct water access to the Inter-Coastal Waterway for boat traffic.
From Galveston Texas: Take the Bolivar Ferry and drive 23 miles along Hwy 87 to 4th Street in Gilchrist, Texas. Make a left onto 4th Street. Property is on right.
From Interstate 10: Take Highway 124 Exit in Winnie, Texas and head south for 20 miles to Highway 87. Proceed on Highway 87 for 4.5 miles and turn right on to 4th Street in Gilchrist, Texas. Follow 4th Street. Property is on right.
The approximate monthly Principal & Interest payment for this property would be $9,017. This payment is based on a 30-year loan at a fixed rate of 3.82 % with a down payment of $214,500. Actual lender interest rates and loan programs may vary.
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