$599,000

1516 Bay Area Blvd Unit S6, B9, E7, S11, K15 Houston, TX 77058

Clear Lake Neighborhood

Estimated payment $3,940/month

Total Views 5,566
2 Beds
2 Baths
904 Sq Ft
$663 Price per Sq Ft

Highlights

  • 337,435 Sq Ft lot
  • Balcony
  • 2 Car Garage
  • Falcon Pass Elementary School Rated A
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

A rare multifamily investment opportunity featuring six leased condo units in Baywind Condos, a well-maintained community in Clear Lake. This package includes a mix of (3) one-bedroom units and (3) two-bedroom townhome-style units, offering strong rental appeal. Several units have been updated between 2018-2024, and the property has a history of stable occupancy. With spacious layouts and access to community amenities, this portfolio is well-positioned for long-term value in a high-demand rental market.

Listing Agent

Luis G. Lopez

Compass RE Texas, LLC - Houston License #0655914 Listed on: 03/11/2025

Compass RE Texas, LLC - Houston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,412

Year Built

  • Built in 1977

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 904 Sq Ft Home
  • 1-Story Property

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Falcon Pass Elementary School
  • Space Center Intermediate School
  • Clear Lake High School

Additional Features

  • Balcony
  • 7.75 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Association fees include sewer, trash, water
  • 6 Units
  • Baywind Condominiums Association
  • Baywind Condo Sec 01 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,412

Year Built

Built in 1977

Lot Details

0

HOA Fees

$415 per month

Listing Details

  • Directions: Coming South from I-45, turn LEFT (East) on W. Bay Area Blvd. Continue about 2 miles and Baywind Condominiums will be on your RIGHT side.
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Year Built: 1977
  • Subdivision Name: Baywind Condo Sec 01
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Balcony
  • Living Area: 904.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Special Addendum, Seller Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Features: Garage

Utilities

  • Utilities: Electricity Available, Water Available
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 4980.0
  • Association Fee Frequency: Annually
  • Association Name: Baywind Condominiums

Fee Information

  • Association Fee Includes: Sewer, Trash, Water

Schools

  • Elementary School: FALCON PASS ELEMENTARY SCHOOL
  • Junior High Dist: 9 - Clear Creek
  • High School: CLEAR LAKE HIGH SCHOOL
  • Middle Or Junior School: SPACE CENTER INTERMEDIATE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2412.0

Multi Family

  • Number Of Units Total: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,412 $102,779 $19,528 $83,251
2023 $2,412 $96,000 $20,697 $75,303
2022 $2,047 $83,750 $17,777 $65,973
2021 $2,118 $82,189 $15,616 $66,573
2020 $1,900 $68,722 $14,185 $54,537
2019 $2,028 $70,083 $14,060 $56,023
2018 $732 $59,795 $11,361 $48,434
2017 $1,528 $52,853 $10,042 $42,811
2016 $1,148 $39,713 $7,545 $32,168
2015 $978 $39,000 $7,410 $31,590
2014 $978 $33,198 $6,308 $26,890
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 For Sale $599,000 -- $663 / Sq Ft
Source: Houston Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $100,000 Unknown
Source: Public Records

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Source: Houston Association of REALTORS®

MLS Number: 40708680

Houston Association of REALTORS®

APN: 1119620000006