Rare opportunity to own a waterfront lot on Crystal Canal in the highly sought-after Rainbow subdivision! This approximately 100’ x 100’ property offers direct waterfront access and features a cabana overlooking the water—perfect for relaxing, fishing, boating, or enjoying beautiful canal views. The property is currently income-producing with two tenant spaces, each renting for $490 per month. There are two separate electrical hookups and one water meter servicing both spaces. Tenants reimburse their own electricity, while water is included in the rent. Whether you’re looking for an investment property with immediate rental income or envisioning your own private waterfront retreat, this property offers flexibility. Continue leasing to the current tenants or, subject to the terms of the existing leases, transition it into your personal vacation getaway. Don’t miss your chance to own a piece of waterfront paradise!
Lot/land
$145,000
1228 Rainbow Dr, Crystal Beach, TX 77650
--beds
--baths
0.27Acres
Unimproved Land
Built in ----
0.27 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Beautiful canal viewsDirect waterfront access
- 17 days |
- 350 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Blake Crippen 409-963-8411,
Advantage Real Estate
Source: BBOR,MLS#: 268972
Facts & features
Property
Features
- Waterfront features: River/Bayou
Lot
- Size: 0.27 Acres
- Topography: Level
Details
- Additional structures: Equipment Storage
- Parcel number: 290600000065000
- Special conditions: Standard
Utilities & green energy
- Electric: On Site
- Gas: City-Natural Gas
- Utilities for property: Sewer Connected, Electricity Connected
Community & HOA
Community
- Subdivision: Out Of Town
Location
- Region: Crystal Beach
Financial & listing details
- Tax assessed value: $83,090
- Annual tax amount: $1,119
- Date on market: 7/6/2026
- Listing terms: Cash,Conventional,Will Not Divide
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
$1,109/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $145,000 |
Source:  BBOR #268972 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,119 -3.1% | $83,090 -2.4% |
| 2024 | $1,155 -1.1% | $85,160 |
| 2023 | $1,168 -10.5% | $85,160 +5.1% |
| 2022 | $1,306 +0.1% | $81,030 |
| 2021 | $1,305 -5% | $81,030 +2.9% |
| 2020 | $1,373 -10.3% | $78,730 |
| 2019 | $1,532 -0.6% | $78,730 |
| 2018 | $1,541 | $78,730 |
| 2017 | $1,541 +0% | $78,730 0% |
| 2016 | $1,540 -1.5% | $78,750 |
| 2015 | $1,564 -1.8% | $78,750 |
| 2014 | $1,592 | $78,750 +94.2% |
| 2006 | -- | $40,550 |
| 2005 | -- | $40,550 |
| 2004 | -- | $40,550 +7.8% |
| 2003 | -- | $37,620 |
| 2002 | -- | $37,620 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 77650
Nearby schools
GreatSchools rating
- 4/10Crenshaw Elementary And Middle SchoolGrades: PK-8Distance: 3.5 mi
- 5/10Ball High SchoolGrades: 9-12Distance: 15.6 mi
- NAAustin Middle SchoolGrades: 5-6Distance: 14 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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