Rare opportunity to own a waterfront lot on Crystal Canal in the highly sought-after Rainbow subdivision! This approximately 100’ x 100’ property offers direct waterfront access and features a cabana overlooking the water—perfect for relaxing, fishing, boating, or enjoying beautiful canal views. The property is currently income-producing with two tenant spaces, each renting for $490 per month. There are two separate electrical hookups and one water meter servicing both spaces. Tenants reimburse their own electricity, while water is included in the rent. Whether you’re looking for an investment property with immediate rental income or envisioning your own private waterfront retreat, this property offers flexibility. Continue leasing to the current tenants or, subject to the terms of the existing leases, transition it into your personal vacation getaway. Don’t miss your chance to own a piece of waterfront paradise!
Crystal Beach, located between Galveston Bay and the Gulf of Mexico, is a beachside and laid-back Bolivar Peninsula neighborhood with wide sandy shoreline and stilt-house streetscapes. The neighborhood’s character concentrates along Highway 87 near the Stingaree Restaurant & Marina, where bait shops, boat slips, and casual patios set the day’s rhythm. Low-rise beach cottages and newer elevated homes line sandy lanes, with dune grass and boardwalk paths threading toward the water. Crystal Beach’s public drive-on beach shapes a gear-ready, toes-in-the-sand routine. The Bolivar Ferry landing adds a steady pulse of arrivals and departures across the channel. Evenings often orbit local staples like Jose’s Cantina and the Gulf Coast Market.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Riverfront property
Level terrain
Dirt road access
Private maintained road
Home design
Land parcel (lot)
Construction
Lot of approximately 0.27 acres
Utilities
Electricity available on property
Natural gas available
Sale and tax history for 1228 Rainbow Way
Sale History
Tax History
Date
Event
Price
BBOR #268972
Aug 6, 2026
Pending
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Jul 6, 2026
Listed
$145,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Galveston County
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Last updated by owner on Jul 9, 2026.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 24 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Port Bolivar, TX • 77650
Average low and high temperatures (°F)
58
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81
72
74
65
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55
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Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1228 Rainbow Way
$133,626
$11K under list price of $145K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $59K to $359K.