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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.

Property Facts

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

Property Taxes

Parcel Number
R24765
Land Assessment
$2,357,263 CAD
Improvements Assessment
$562,304 CAD
Total Assessment
$2,919,567 CAD
  • Listing ID: 40740973

  • Date on Market: 2026-06-01

  • Last Updated:

  • Address: 37 Mazatlan Dr, Rockport, TX 78382

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