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30088909
30088911

35375 FM 2925, Rio Hondo, TX 78583

LD
TX 693330
North Star Brokerage & Advisory
PS
TX TX 718972
North Star Brokerage & Advisory
Listed by North Star Brokerage & Advisory
$3,300,000
102 days on market
Updated 35 days ago

Seaway RV Village

Details
Property Type Hospitality, Mixed Use (+1)
Sub Type RV Park, Boat Lifts
Units 106
Cap Rate 6.50%
NOI $212,955
Occupancy 92%
Pro-Forma Cap Rate 8.40%
Pro-Forma NOI $276,590
Class B
Year Built 1992
Year Renovated 2022
Buildings 4
Acreage 3.830
Investment Type Stabilized

Stabilized 106 Total Rentable Units Including RV Sites, Boat Slips, and a 5-Plex

Marketing description

North Star Brokerage & Advisory is please to present Seaway RV Village, located in Arroyo City/Rio Hondo, Texas. The property is a premier riverfront destination offering 76 full-hookup RV sites (30/50 amp) and 5 furnished apartments for long-term or short-term residents. Situated on the Arroyo Colorado River, it features 14 boat lifts, 11 slips, and 2 lighted fishing docks for prime, year-round fishing. The community provides a casual lifestyle with amenities including a recreation room, laundry facilities, and a handicap-accessible bathhouse. Seaway RV Village is situated near the Gulf Coast with favorable, near-year-round fishing weather (winter temperatures in the 50s, summer in the 90s). The property is located in close proximity to Laguna Atascosa National Wildlife Refuge and is within 30 minutes of Harlingen and Brownsville for dining, shopping, and medical facilities. With historical high occupancy, Seaway Village caters to Winter Texans on a yearly lease basis.

Staying at Seaway RV Village in Rio Hondo offers a strategic advantage for workers and contractors involved in the historic America First Refining project at the Port of Brownsville. As the first new U.S. refinery in nearly 50 years prepares for its April 2026 groundbreaking, your location provides a convenient 30-to-35-minute commute to the construction site while remaining far enough away to avoid the high-traffic industrial zones of Brownsville. With the project expected to create thousands of indirect and construction jobs and 500 direct full-time positions with high-paying salaries, Seaway RV Village serves as an ideal "home base" that balances work with relaxation.

Looking for something else? Please submit your buyer criteria so that our team can better pair you with opportunities that meet your needs.

ACCESS TO DILIGENCE: To access the due diligence materials for this property, please complete our short NDA form using the link below. Once submitted, you will automatically receive a link to our secure deal room where you can view and download all available documents - NDA - Seaway

HOW TO PARTICIPATE:

● Inquiries should be made by contacting Peter Sampson at Peter@nstarba.com.

● DO NOT show up to the property unannounced.

● DO NOT speak to staff, tenants or owners without written consent from Broker.

● All offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.

● Please review all diligence materials prior to contacting an agent.

Bird Dogs: we encourage Bird Dogs to work on our listings; however, we asked that any Bird Dogs be sure that their buyer has reviewed the marketing materials prior to contacting an agent and scheduling a meeting. We get so many calls from Bird Dogs asking about creative financing structures. Everything a buyer needs to know about our listings and seller preferences can be found in the marketing materials or the deal room. Serious buyers are encouraged to schedule one-on-one meetings with the brokerage team. Please be sure to have proof of funds accessible by this meeting date.

Investment highlights

  • Strong Unit Count & Revenue Base - The property comprises 106 total rentable units, providing a diversified income stream across multiple unit types. This scale supports operational efficiency and positions the asset as a meaningful performer within its submarket.

  • Stabilized Occupancy with Long‑Term Tenancy - The community maintains consistently high occupancy, supported by year‑long lease structures that reduce turnover risk and promote predictable cash flow. This stability enhances underwriting confidence and supports long‑term revenue durability.

  • High‑Demand Waterfront Amenities - The property benefits from significant demand drivers, including boat slips and dock access, which attract both seasonal and long‑term tenants. These amenities differentiate the asset from competing properties and contribute to strong year‑round interest.

  • Below‑Market Rents Offering Immediate Upside - Current rental rates remain below prevailing market levels, presenting a clear opportunity for revenue growth through strategic rent adjustments. Investors can capitalize on this built‑in upside while maintaining competitive positioning within the market.

  • Exceptional RV Site Performance - RV sites operate at an impressive 92% occupancy, reflecting strong demand within this segment and reinforcing the property’s appeal to both transient and long‑term RV tenants. This performance supports stable cash flow and highlights the resilience of the RV component.

Listing Contacts

LD
TX 693330
North Star Brokerage & Advisory
PS
TX TX 718972
North Star Brokerage & Advisory
Listed by North Star Brokerage & Advisory

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$212,955.00
$17,746.25/mo

Valuation Metrics

0
DSCR
6.45%
Cap Rate
6.45%
ROI

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Additional Information

Name
Landan Dory
License
693330
Brokerage Phone
(512) 222-6826
Name
Peter Sampson
License
TX 718972
Brokerage
North Star Brokerage & Advisory
Brokerage Phone
512-222-6826
Title
Investment Sales
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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