Holly Beach, Texas
11.26 Acres - Over 2,000 Feet of Bay Frontage
Last and only parcel of developable Bay Front land available on the entire south and west coastline of the Laguna Madre!
Located directly across the magnificent Laguna Madre Bay from South Padre Island, this extremely well located property with over 2,000 feet of water frontage is ready for development.
A Strong Market
The South Padre Island area real estate market is the only coastal market and one of the few markets in the entire country showing a sales increase in 2009 over 2008.
The Holly Beach Subdivision
Holly Beach Subdivision was platted and 100% sold out over 50 years ago. Lack of sewer and water have prevented development. The development and success of a large residential golf course subdivision with two 18 hole courses located just south of Holly Beach along with the adjacent location of the second causeway make Holly Beach the most exciting property in the entire area.
Development of a second causeway from South Padre Island to the mainland is the number one priority road project in all of South Texas. Having started with 21 possible routes, the Cameron County Regional Mobility Authority has, in March of 2009, presented the final five potential routes. All five of these make landfall on the mainland either just north of Holly Beach or along the southern edge of the property. Construction is scheduled to be completed in 2014.
Don't Miss This Great Opportunity
All or part of this unique property is for sale. Owner has contracted cancer and is highly motivated. Offered at wholesale price of only $3,500,000 or just $7.14/sf. Owner will consider terms with reasonable down payment.
