731 Tx-87Bolivar Peninsula, TX 77617

Prime investment opportunity: The Palapa RV Beach Resort, a thriving 36-site RV park on the Bolivar Peninsula in Galveston County, Texas (zip code 77617). This Class A property boasts 42 acres of land with concrete pads and roads, offering both bay and beach access. The resort includes a three-story building featuring a pool, an adults-only viewing deck, and a recently constructed palapa. Amenities include public restrooms and showers, golf cart rentals, complimentary kayaks and bicycles, and even an honor system laundry and margarita machine. The property also includes a third-story apartment currently used by part-time owners, offering potential for rental income or manager's quarters. The resort benefits from a public water provider and an on-site septic system. Located on TX Hwy 87, its convenient location ensures easy access for visitors. With a strong NOI of $218,988 and an 8% cap rate, this turnkey operation presents significant potential for future growth and value enhancement. The asking price is $2,800,000. This exceptional property offers a unique blend of recreational appeal and strong financial performance, making it an ideal investment for discerning buyers.