$340,926Average Value$411Average Price per Sq Ft2Homes For Sale
A tucked-away community along Eagle Mountain Lake
The community of Pelican Bay was born out of founder Olen Yandell's dream to have his own Sausalito, a picturesque resort just outside San Francisco. Yandell owned 148 acres of land along the shores of Eagle Mountain Lake, previously occupied by his 150 grazing cows. In 1970, Yandell named his development Pelican Bay, and in 1981, the community was officially incorporated and housing began to develop. Today, Pelican Bay is Tarrant County's best-kept secret, tucked away from Fort Worth with proximity to the water. "It's a unique lakeside community that's very affordable for its access to a nice lake," says Realtor Sue Laux of eXp Realty. "It's set up in a community-oriented way. People help each other here." In the neighborhood's early development, Yandell emphasized he wanted to create a "friendly place with nice people," and Pelican Bay today holds firm to its founder's wishes with its tight-knit community.
Open lot homes in Pelican Bay provide residents with the opportunity to own a traditional single-family home or reside in nearby RV Parks.
Pelican Bay residents along the shore of Eagle Mountain Lake enjoy scenic views for miles.
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A mix of manufactured homes and custom estates
Pelican Bay was initially planned as a resort community, and while it's primarily residential today, the shady streets and proximity to the lake contribute to a resort feel. Buyers will mostly find manufactured homes on tree-covered lots. "The lots are a good size, so you won't feel crowded with your neighbors," Laux says. Other popular home styles include traditional brick ranch-style houses and new traditional homes in subdivisions. These newer homes have built-in garages and sidewalks, offering walkability through the neighborhood. Some gated communities, like Laguna Bay Estates, offer privacy and security for those looking for a waterfront house. These homes come in several styles, including brick and stone Millennium Mansions and modern, contemporary homes. Manufactured homes cost between $100,000 and $180,000. Traditional ranch-style houses range from $400,000 to nearly $800,000, and luxury waterfront homes are listed between $1 million to $3 million.
Stylish architecture in the Pelican Bay neighborhood make it a desirable place to live.
A mobile home by the lake in Pelican Bay neighborhood is a calm and simple retreat.
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Azle Independent School District
Kids growing up in Pelican Bay attend schools in the Azle Independent School District, which scored an overall B on Niche. Students attend Liberty Elementary School for kindergarten through fourth grade and W.E. Hoover Elementary School for fifth and sixth grade. Niche gave both elementary schools an overall B. Santo Forte Junior High School serves seventh and eighth graders and received an overall B-minus on Niche. Students progress to Azle High School to earn their diplomas. The school offers career and technical education programs in agriculture, automotive technology, health occupations and criminal justice. Niche gave the high school an overall B.
Azle High School's mascot is the Hornet, reflecting the school's spirited community.
Liberty Elementary in Pelican Bay is ready for summer with colorful signs and happy vibes.
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Lakeside fun at Pelican Park
Pelican Bay residents often head down to the beach at Pelican Park for a day of swimming in Eagle Mountain Lake. The beach area is popular with locals looking to beat the Texas heat. Locals can bring food to grill out at the park and eat at one of the available picnic tables. Boaters hit the water at the public boat ramp down the street from Pelican Park. The boat ramp area also has a fishing pier that extends into the lake, allowing local anglers space to cast a line for bass, catfish and crappie. West Bay Marina is another popular spot for launching and storing boats on Eagle Mountain Lake. The marina has over 180 boat slips and a ship store with boating supplies, snacks, drinks, sunscreen and beer.
Sailors adventurously navigating across Eagle Mountain Lake within Pelican Bay.
Fishing and leisure activities are popular on this scenic pier in Pelican Bay Park.
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Heading into Azle to run errands
"Residents also enjoy heading into Azle for a nice meal," Laux says. She recommends El Paseo Mexican Restaurant, known for its classic Tex-Mex dishes, including fajitas and chimichangas. The restaurant features wooden décor, which gives it the feel of an old-fashioned cantina. Azle is also where locals run errands and stock up on groceries. Shopping options include Albertsons, Brookshire's or Walmart Supercenter.
A heartfelt tribute in Azle, near Pelican Bay, celebrates community heroes.
Reeves Hardware in Pelican Bay, Fort Worth, Texas, has everything you need in one place.
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Navigating Pelican Bay
Residents typically drive to get around Pelican Bay, and public transportation is not within reach. The community is tucked away from major roads, but access to Highway 199 is about 4 miles away. Commuters headed into Fort Worth have about a 21 mile-trip eastbound on 199 before they're in the city's heart. The nearest hospital is the Texas Health Harris Methodist Hospital in Azle, about 6 miles away. And the Dallas Forth Worth International Airport is about 40 miles away.
Highway 199 near Pelican Bay is designed for easy navigation into Fort Worth.
Well-maintained roads in Pelican Bay reflect the neighborhood's devotion to travel.
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Written By
Brennen Martin
Photography Contributed By
Christopher Saint Germain
Video By
Drew Webster
Interested in learning more about homes in this area?
Reach out to
Julien Peralta,
an experienced agent in this area.
On average, homes in Pelican Bay, TX sell after 118 days on the market compared to the national average of 53 days. The median sale price for homes in Pelican Bay, TX over the last 12 months is $1,249,950, up 12% from the median home sale price over the previous 12 months.
Welcome to this affordable, newer home designed for comfort, convenience, and accessibility. Featuring 3 bedrooms and 2 full bathrooms, this home offers an open-concept layout that seamlessly connects the living, dining, and kitchen areas—perfect for everyday living and entertaining.Durable vinyl flooring throughout provides a clean, modern look while being easy to maintain. Thoughtfully
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Welcome to this affordable, newer home designed for comfort, convenience, and accessibility. Featuring 3 bedrooms and 2 full bathrooms, this home offers an open-concept layout that seamlessly connects the living, dining, and kitchen areas—perfect for everyday living and entertaining.Durable vinyl flooring throughout provides a clean, modern look while being easy to maintain. Thoughtfully
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You must come see this meticulously kept 3 bedroom 2 bathroom home! You are greeted with open concept kitchen, dining and living with wood burning fireplace upon entry. The granite countertops and stainless steel appliances are a beautiful touch . The bedrooms are all large and the master suite has double sinks , garden tub and separate walk in shower. Come see this beauty it won’t last long!
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