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"Padre Sands" is
ninety-five acres of coastal land located on South Padre Island, off the Texas Coast. The
property encompasses over 1,000 feet of beach and bay frontage with much of the interior
acreage in uplands/dunes.
This would be a great choice for the
developer with a vision and an eye for one of the best parcels of acreage on the Island.
Environmental study says "...one of the best in its area and would make an excellent
development site for coastal building."
Located outside of the town limits, the property is under the
jurisdiction of Cameron County. Currently, the acreage is without improvements and
utilities, and can be zoned for multiple purposes.
The property lies within the area protected by the
Coastal
Barriers Resources Act
by which the federal Government
does not encourage development. However, this law "in no way regulates how people can
develop their land, but transfers full cost from Federal taxpayers to the individuals who
chose to build." More details on the CBRA can be found by clicking the
highlighted
title above.
LOCATION
South Padre Island lies several miles off the Texas coast,
and is separated from the mainland by the Laguna Madre and fronts on the
Gulf of Mexico to the East. This property is not affected by the
Laguna Atascosa Wildlife Refuge.
Recent survey places this property at approximately 200
feet north of the end of the existing Highway 100, or 11 miles North of the access point
of Queen Isabella Causeway to the Island. Road easements are in place for the
construction.
APPRAISAL,
and
TITLE
COMMITMENT
In the Summer of
2005, a Tract of 730 acres between Beach Access #5 and 6, approximately 2
miles north of the SPI Convention Center, sold for $17,00000 +/-, and the
new owners are designing a master planned community. With the sale and
future plans of the 730 acre along with the anticipation of the proposed
second causeway, the property values to the North of this 730 acres have
continued to climb.
Please call Troy Giles Realty for Comparable Sales.
To the north of the 730 acres, and just south of the
95 acre Padre Sands, are 40 tracts, each of which will be 42 acres +/-.
Certain of these 40 tracts (or part of the tracts, have listed for prices in
excess of $125,000 per acre, and most are in excess of $200,000 per acre.
Various properties to the north of Padre Sands 95 acres, designated as
Tracts 44-84, have listed, not yet sold for various prices.
As the Padre Sands 95 acres is just 3 miles north of
this 730 acres, and within waling distance of the existing highway, the list
price for the 950 acres is reflective of a reasonable price for this
property, and yet takes into account the exciting potential for the entire
area.
AERIAL VIEW
An aerial view of the property reflects the extent of the
vegetated dunes (darker, almost circular in appearance), as well as the
proximity to the end of the road, and the significant beach and bay
frontage.
SURVEY AND ENVIRONMENTAL STUDY
A survey was completed in March 2006 (see below), in conjunction with the
Environmental Study, which includes topography and habitats information. The
topography map shows that "uplands zone" is over 46 acres of this parcel.
Certain areas of the property, known as sand flat areas, may be subject to
jurisdiction of the US Army Corps of Engineers if they are classified as a
Special Aquatic Site. (Refer to ERIS study).
Interested parties should understand that the
property is the subject matter of a lawsuit:
Lawsuit as to Trust
and Property
Other Useful Information
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