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Pelican Bay

Pelican Bay

Located in Tarrant County

$425,532 Average Value
$274 Average Price per Sq Ft
10 Homes 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.
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.
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.
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.
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.
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.
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.
Sailors adventurously navigating across Eagle Mountain Lake within Pelican Bay.
Fishing and leisure activities are popular on this scenic pier in Pelican Bay Park.
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.
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.
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.
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.
Well-maintained roads in Pelican Bay reflect the neighborhood's devotion to travel.
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Brennen Martin
Written By
Brennen Martin
Christopher Saint Germain
Photography Contributed By
Christopher Saint Germain
Drew Webster
Video By
Drew Webster

Interested in learning more about homes in this area? Reach out to Kimberly Knearem, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Pelican Bay Housing Trends

Housing Trends

Median List Price
$332,499
Median Sale Price
$218,500
Median Single Family Sale Price
$320,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
15
Median Home Sale Price YoY Change
-21%
Average Price Per Sq Ft
$274

Neighborhood Facts

Number of Homes for Sale
10
Months of Supply
8.00

Open Houses

  • Saturday, Jul 12
    1 - 2pm

    1820 Pelican Dr N, Azle, TX 76020

    $250,000

    • 4 Beds
    • 2 Baths
    • 2,010 Sq Ft
    • 1820 Pelican Dr N
    • New 1 day ago

    Rent-to-own and owner financing options are available. FULLY FURNISHED! This roomy 3-bedroom 2 bath 2018 Palm Harbor is sitting on 2 large lots minutes from the lake, and features two living areas and an office. Luxury vinyl flooring throughout, wood-burning fireplace with stone facade, and ceiling fans. The kitchen boasts a large, beautiful island, eat-in dining, and custom cabinets. Spacious

    Elena Garrett Keller Williams Central

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  • Saturday, Jul 12
    1 - 3pm

    1404 Eagle Nest Dr, Azle, TX 76020

    $285,000

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • 1404 Eagle Nest Dr

    Welcome to this immaculate one-story gem in Lakeview Estates, a vibrant community in Azle, just 5 minutes from Eagle Mountain Lake—perfect for fishing, boating, and outdoor fun!This immaculate home offers an open-concept floor plan with 3 spacious bedrooms, 2 full bathrooms, and a 2-car garage. You'll love the great curb appeal with a stunning brick and stone elevation and crisp flower

    Daniel Harker Keller Williams Realty DPR

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  • Saturday, Jul 12
    2am - 5pm

    1652 Gale Dr, Azle, TX 76020

    $259,900

    • 3 Beds
    • 2 Baths
    • 1,699 Sq Ft
    • 1652 Gale Dr
    • New 17 days ago

    Want to live just a few miles from Eagle Mountain lake, Lake Worth and the great Area from Azle to Boyd just moments aways from Pelican Bay. Close to Fort Worth, Local Restaurants, Shopping and so much more.This Charming Beautiful two year old Double Wide Manufactured home is and exceptional home with lots of upgrades from the Walls, Floors, Counter Tops, Sinks, Vinyl Flooring, Large

    James Glasscock Independent Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Pelican Bay Has More Owners

Demographics

Total Population
2,863
Median Age
39
Population under 18
26.4%
On par with the national average
23.8%
Population over 65
17.1%
On par with the national average
19.1%

Finances

Median Household Income
$61,145
Below the national average
$71,702
Average Household Income
$73,052

Education and Workforce

High School Graduates
79%
College Graduates
8.1%
Significantly below the national average
34.1%
Advanced Degrees
1.5%
Below the national average
13.3%
% Population in Labor Force
55.1%

Weather

Annual Precipitation
36''
Average Winter Low Temperature
36°F
Average Summer High Temperature
97°F
Annual Snowfall
1''

Area Factors

Somewhat Bikeable

Bike Score®®

24 / 100

Car-Dependent

Walk Score®®

5 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Pelican Bay