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37 Mazatlan Dr
Rockport, TX 78382
Key Allegro Marina · Specialty Property For Sale
·
6,900 SF


Investment Highlights
- Located within the prestigious Key Allegro waterfront development with more than 800 homes and condominiums
- U.S. Army Corps of Engineers permit in place authorizing marina reconstruction +/-5.07 acres of submerged land under long-term lease
- Marina basin dredged to approximately seven feet in early 2024
- Fully designed and permitted for reconstruction of a historic 159-slip marina
- Primary submerged land lease term through 2054 with option for an additional 20-year extension
- Fuel infrastructure in place with approximately 8,000-gallon combined diesel and gasoline capacity
Executive Summary
Positioned at the heart of the prestigious Key Allegro waterfront community in Rockport, Texas, Key Allegro Marina presents a rare opportunity to acquire and redevelop one of the Texas Coast's most recognizable marina properties. Serving boaters and waterfront residents since 1965, the marina historically operated as a full-service destination featuring wet slips, fuel services, a restaurant, ship store and yacht brokerage.
While Hurricane Harvey destroyed the marina docks in 2017 and interrupted operations, the property's future is already well-defined. The marina is fully designed and permitted for reconstruction, including authorization to rebuild its historic 159-slip configuration. Extensive planning, engineering and development work has been completed, allowing a future owner to capitalize on years of entitlement efforts and move directly toward redevelopment and operations.
Located within the 800+ home Key Allegro community and surrounded by some of the most desirable waterfront real estate on the Texas Gulf Coast, this offering combines a premier marina location with significant value-add potential. With architectural plans, utility infrastructure designs, dock construction plans and recently dredged marina waters already in place, Key Allegro Marina represents a compelling opportunity to reestablish a landmark coastal destination and create long-term value through marina, hospitality and waterfront commercial operations.
While Hurricane Harvey destroyed the marina docks in 2017 and interrupted operations, the property's future is already well-defined. The marina is fully designed and permitted for reconstruction, including authorization to rebuild its historic 159-slip configuration. Extensive planning, engineering and development work has been completed, allowing a future owner to capitalize on years of entitlement efforts and move directly toward redevelopment and operations.
Located within the 800+ home Key Allegro community and surrounded by some of the most desirable waterfront real estate on the Texas Gulf Coast, this offering combines a premier marina location with significant value-add potential. With architectural plans, utility infrastructure designs, dock construction plans and recently dredged marina waters already in place, Key Allegro Marina represents a compelling opportunity to reestablish a landmark coastal destination and create long-term value through marina, hospitality and waterfront commercial operations.
Property Facts
| Sale Type | Investment or Owner User | Building Size | 6,900 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Marina | Year Built/Renovated | 1998/2012 |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| Lot Size | 1.65 AC | ||
| Zoning | B-1 | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 6,900 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2012 |
| Parking Ratio | 10/1,000 SF |
| Zoning | B-1 |
Amenities
- Waterfront
Property Taxes
| Parcel Number | R24765 | Improvements Assessment | $562,304 CAD |
| Land Assessment | $2,357,263 CAD | Total Assessment | $2,919,567 CAD |
Property Taxes
Parcel Number
R24765
Land Assessment
$2,357,263 CAD
Improvements Assessment
$562,304 CAD
Total Assessment
$2,919,567 CAD
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