Bolivar Best Bet on Texas Gulf Coast
Why Crystal Beach Bolivar is the Best Bet on the Texas Gulf Coast
Most people are aware that the Texas Gulf Coast is considered a best bet for coastal resort property compared to the nation’s other coasts including California, Florida and the East Coast. And more are becoming aware that Crystal Beach Bolivar offers the best value on the Texas Gulf Coast.
Why Crystal Beach Bolivar?
- Crystal Beach Bolivar has beautiful oceanfront property.
- Modern utilities just became available: drinkable water, sewer, and Internet in the last two years making high-end resort development possible.
- Modern construction techniques pioneered on Bolivar by Crown Team Texas are proving stronger, yet more affordable resort quality homes.
- Bolivar’s shores are within driving distance of thriving Houston and Dallas’ large retirement population who are seeking a family oriented second home environment.
- Bolivar’s oceanfront property cost less and has a greater potential for appreciation than other resort markets on the Texas Coast based on figures compiled from the coastal MLS’s by TexasGulfCoastOnline.com
- Rental demand exceeds supply based on figures from Swede’s Real Estate, the area’s leading property rental agency.
A second home purchased on Bolivar today can actually pay for itself through rental income while it appreciates in value catching up with the other Texas resort coastal markets.
Watch Houston TV News Special on Crystal Beach Bolivar
Why Invest on the Texas Coast?
Successful investors understand that real estate is a game of probabilities, not certainties, which is why you must look for converging probabilities before you buy in an area. The Texas Gulf Coast checks out on the key items to consider.
Taking action as an investor is imperative, but difficult. What elements and probabilities should you look for?
- An area of strong demographic growth
- A steady, growing, and diverse economy
- An area of increasing retirement population
- New substantial infrastructure changes
- Undervalued markets
- Property with strong appreciation potential
- Good rental occupancy rates
- Properties that renters prefer
Texas Coast is an area of strong demographic growth
Texas is one of three states dominating population growth, and will account for nearly half of total U.S. population growth (46%) in the next 25 years along with Florida and California.
According to the Census Bureau, California and Texas will continue to rank first and second in population, while Florida is set to surpass New York by 2011 as the third most populous state.
Projections show that the top three states will gain 12 million people each by 2030 and most (88%) of the nation’s population growth will occur in the South and West. The top five fastest-growing states in the next 25 years are projected to be: Nevada (114%), Arizona (109%), Florida (80%), Texas (60%), and Utah (56%).
The Texas Coast has a strong, growing, and diverse economy
Do not follow growth, Anticipate growth. A growing local economy is the most important driving force behind property values.
Texas Real Estate Center: The Texas economy continues to surpass the rest of the nation in employment growth rate and job creation.
Texas ranks 12th among all states in personal growth income which is a factor closely related to total economic output. A higher-than-national-average growth rate means the state's economy is growing, and growing strongly.
The Texas Coast is an area of growing retirement population
The population of retired residents will more than double in the next ten years. Affluent retirees have disposable income, also fostering the creation of new businesses tailored specifically to retirees.
The distance between primary and second homes is decreasing according to an on-line survey of 2,053 homeowners in the West. In fact, 58% of vacation properties are located within 200 miles of the owner’s primary residence, and 42% are less than 100 miles away.
While 36 percent of vacation homeowners surveyed are 44 years of age or younger, baby boomers continue to drive the vacation home boom. 77 million baby boomers reside in the U.S. today, and are retiring at the rate of about four million people per year, which, according to Fannie Mae Economist David Berson, will boost demand by boomers for vacation homes steadily for at least the next decade.
The State continues improvements in infrastructure
In May 2006, the Texas Legislature passed a comprehensive school-finance reform that lowers school property taxes by about $7 billion over the next three years.
Galveston Bolivar Bridge Project
TxDOT has moved forward with ferry system improvements including the construction of additional ferry landings and implementation of a priority boarding program that is still under development. These improvements will benefit users in the near term.
To address the long-term improvements, TxDOT is embarking on an engineering study to evaluate bridge alternatives. It will include schematic development for a new crossing of the entrance to Galveston Bay from Galveston Island/Pelican Island to the Bolivar Peninsula.
The proposed bridge crossing will be aesthetically pleasing and will provide a signature gateway for the Galveston Island and Bolivar Peninsula communities.
The Trans-Texas Corridor project.
Like Eisenhower's Interstate System, the Trans-Texas Corridor (TTC) is an ambitious project. But also like the interstate, the Trans-Texas Corridor will become essential to the way Texans live and do business in for many, many years to come.
The TTC will improve the competitive position of the state in the national and international marketplace; it will alleviate congestion on existing corridors and connect our state's communities. When the regions of the vast state are better connected, getting to family or meetings or events in other parts of the state becomes a lot easier, and strengthens the ties between communities.
The economic benefits to Texas from the Trans-Texas Corridor (TTC) will be substantial and grow over time, injecting billions of dollars in private spending into the state’s economy and creating millions of jobs, according to a study released today by the Texas Department of Transportation.
The Texas Gulf Coast markets are undervalued
When incomes rise faster than home prices, the market becomes undervalued, enriching the investment environment, helping protect your investment from any real estate bubble and guaranteeing long-term valuation.
Despite a record-setting housing market, prices in Texas are increasing much slower than the rest of the country. Fears of a state housing price bubble waiting to burst are totally unsupported by the facts for the Texas real estate market.
The Texas Gulf Coast properties have a strong potential for appreciation
- The Texas Gulf Coast area has a wealth of new construction projects currently under development and these units should hold their value longer, rent more easily, appreciate better, and be easier to maintain.
- The Texas Coast property values have also benefited from recent increases in energy prices.
- There is a strong demand for Texas Coastal properties from second home seekers countrywide looking for oceanfront property comparable to Florida and California but at half the price.
- The Texas Gulf Coast has increasing interest from vacationers and good occupancy rates.
- The increasing popularity from tourism marketing by the local convention and visitor centers and the improving attractions of the Texas Gulf Coast areas has put rental occupancy at an all time high. - The Texas Gulf Coast offers properties that the vacation rental market prefers: featuring the affordable sun and sand of the Gulf of Mexico.
In Summary, why Crystal Beach Bolivar is the Best Bet on the Texas Gulf Coast
- Resort level oceanfront property will always be a good investment as people are naturally attracted to the lifestyle and associated amenities.
- As we have shown, the Texas Gulf Coast is simply the best value for oceanfront property compared to any other coastline for the foreseeable future.
- The Bolivar Peninsula area is the best value on the Texas Coast in that it offers much lower prices and much greater potential for appreciation.
- Recent infrastructure improvements are just now allowing resort level development and five are underway with modern sewer, water, underground utilities and community amenities.
- Modern construction techniques actually pioneered by Crown Team Texas on Bolivar with the manufacturing facilities on the peninsula are providing resort quality products that not only cost less, but are stronger. They not only meet the Texas windstorm requirements but are also Certified by the IBHS as Fortified … for safer living® the first development in Texas to meet Fortified standards.
- Two of the nation’s largest and most vibrant city metropolises, Houston and Dallas, are in within driving distance to Bolivar’s shores with an unprecedented number of second home buyers nearing retirement.
- Bolivar has strong rental demand that exceeds the supply. Comparable homes rent for more on Bolivar than on Galveston if you can find one during the primary rental season.
- A second home purchased on Bolivar today can actually pay for itself through rental income while your investment appreciates in value catching up with the other Texas resort coastal markets.
- It’s more than an investment on paper; it’s an asset and a lifestyle you can enjoy.
Sample new developments on the Bolivar Peninsula
||Audubon: Audubon Village offers six unique house plans, with amenities to suit your individual tastes. All homes in Audubon Village will have striking panoramic views of pristine, undisturbed Texas coastal prairie, along with magnificent sunrises over the Gulf and beautiful sunsets over the Bay. |
Prices for homes complete with lot from $132K!
||Laguna Harbor: is for those who find refuge at home but escape to the sea. You'll discover numerous home site options incorporating a self-contained, new urbanism philosophy. Whether you prefer to build your own custom home or allow them to create an extraordinary dwelling for you, all of their properties feature an area for private boat docking conveniences. |
Prices from $125,000 to $750,000
Previous Page | Next Page
Comment By Michael Stuart
- Read more...
Comment By Pat Henry, P.E.
I heard today that the Bolivar - Galveston bridge project has been approved and that it will take 15 years to design and build it. As it nears completion property values will rise rapidly.
- Read more...
Comment By Mark Collette
The Bolivar Bridge Project is a long way from being approved. We are in the process of reevaluating the work needed to finish the project and the obstacles that would be encountered. We hope to complete this evaluation in a month or so. At that time I should be able to give you a better answer.
Pat Henry, P.E.
Director of Project Development
Texas Department of Transportation
- Read more...
Comment By Houston Business Journal
I was overjoyed to discover what I thought was the single instance in which the Department of Homeland Security has introduced convenience into the lives of ordinary Americans – and right here in Galveston to boot.
The department has mandated security screenings at the Galveston-Port Bolivar ferry, which is run by the Texas Department of Transportation.
You might balk at the $70,000 a month (according to Rick Morris, head of security for the ferry) in taxpayer money that it costs TxDOT to provide the screenings. But you can’t argue with the service.
It was a Saturday night, nearly midnight, when we decided to take a leisurely cruise over to Bolivar. I got nervous when I saw the lines; it was easily a half-hour wait or longer.
But we were chosen for the random screening. A woman carrying a stick with a big round mirror on the end halted us and informed us that we could submit to a search of the car or else not ride the ferry for 24 hours.
At most a minute or two later, the search was done and we were on our way – to the front of the line. The mirror turned up no bombs – or whatever they were looking for on the underside of the car. The searchers were courteous and efficient.
We zipped onto the ferry and floated away in the night.
We weren’t so lucky on the return trip. The security contractors with SeaWolf Marine Patrol weren’t screening cars. We sat in line, engine off, windows down, a mosquito nipping at our blood.
Morris said the contractors sometimes have to stop screening when they go to the bathroom, which, for security reasons, they aren’t allowed to do alone.
He also noted that in the near future, the state will seek a new contract for ferry security. There could be lower costs, better technology or expanded use of search dogs – maybe even cameras to watch the cars and the contractors while they work, Morris said.
The state was forced to award the first contract quickly last year after the federal mandate for ferry security. “It was very short notice,” he said.
For those boarding the ferry on foot, deckhands are trained to watch for suspicious packages, Morris said. He once stopped a man with a shotgun case. The man turned out to be an antique dealer and the gun wasn’t loaded.
Morris said he instituted the policy of sending searched vehicles to the front of the line as a sort of “just compensation” for the inconvenience of the screening.
But don’t get any ideas. You can’t volunteer to be screened. And if the ferry lines are short, a screening could cause you to miss the next boat.
So the fast track to the ferry wasn’t Uncle Sam’s idea after all; it’s Morris who gets the credit.
All the while that Saturday night, I asked myself: Do we really need this much security on the ferry?
I don’t know.
By Mark Collette The Daily News
- Read more...
Comment By Real Trends
Texas' five major cities — Houston, San Antonio, Dallas, Austin and Fort Worth — were among the top ten in the nation for population growth from 2005 to 2006, according to a U.S. Census Bureau report released yesterday.
Many of America's fastest-growing cities appear to be suburbs. Three Dallas-area cities, McKinney (No. 2), Grand Prairie (No. 6) and Denton (No. 9), were in the top ten in percentage population gained. Fort Worth was No. 11 on that list.
In addition, six Texas cities cracked the top 25 for total population: Houston (No. 4), San Antonio (No. 7), Dallas (No. 9), Austin (No. 16), Fort Worth (No. 18) and El Paso (No. 21).
- Read more...
Comment By Michael Stuart
The mid-year update of the top 25 U.S. housing markets by Housing Predictor shows a growing trend of real estate markets that are appreciating rapidly, while many of the nation's markets are depreciating just as fast. Housing Predictor forecasts more than 250 local housing markets in all 50 U.S. states.
The southeast portion of the nation still continues to control the majority of spots on the top 25 markets. Despite an increase in foreclosures in some Texas markets as a result of the subprime fallout, Texas still has the strongest statewide real estate market in the nation, where investors are flocking and appreciation is at its highest in years in many markets. Six Texas markets remain among the top 25.
- Read more...
Comment By Recenter.Tamu.edu
3.6Billion is coming to the Beaumont and Bolivar area.
This kind of job creation and investment capital is one of the fundamental pre-cursors to real estate appreciation and sales.
The Valero Energy Corporation announced that they are going to spend about $2billion to put a new plant in the Beaumont area and Eastman Chemical said that it plans to operate and invest in two new plants on the Gulf Coast -- including one in Beaumont, Texas.
The plants would use petroleum coke instead of natural gas to produce industrial chemicals used in consumer products.
Eastman Chairman and CEO Brian Ferguson says the new $1.6 billion plant slated for Texas would be located in Beaumont.
- Read more...
Comment By Mike Stuart
(Beaumont) - The year-to-date (January-June 2007) total of privately-owned single-family residential building permits for Beaumont was 189, a 40 percent increase from the same period in 2006, in which there were 135 permits. YTD valuation of permits for Beaumont is $29,031,850, a 41 percent increase from the same period in 2006, in which a total valuation was $20,649,439. These numbers are based on estimates with imputation by the U.S. Census Bureau.
- Read more...
Comment By Mike Moreau
Now that the Texas Golden Triangle area has struck oil again with refinery capacity to be doubled, new energy plants and foreign investments - totaling over 20 billion dollars – you now know where the people are going!
And, Texas already has one of the country's fastest growing populations.
Now that we now the one area of Texas in particular that has a coming population explosion, the Northeast Texas Coast.
My advice, is to listen to these great men:
"What a man has to do to become rich in America is find out where people are going, get there first, and buy land." - Douglas MacArthur
"Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming financially independent. For real estate is the basis of wealth." - Theodore Roosevelt
- Read more...
Why is all the commentaries afraid of saying that a majority of this money is going to Port Arthur refineries and economy. I was born and raised in PA, graduated from Lamar Univ. in 1969, after a four year stint in the military and it always seemed that Beaumonter's mindset was that Port Arthur and Orange were always considered "stepchildren". Well guess what, Port Arthur will be, once again, what Arthur Stillwell, envisioned it to be!!!!!!!!!
You must be logged in to post a comment. You can login here