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Preforeclosure Homes in Pelican Bay, TX

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Pelican Bay, TX Foreclosures

Current Market Conditions in in Pelican Bay, TX As of February 2026?
In the past month, Pelican Bay has seen a slight increase in home sales as more properties become available. This change has been driven by families relocating for the area's peaceful environment and access to recreational amenities. Home prices have shown stability, with slight variances based on the unique features of each property.
How much do homes sell for in Pelican Bay, TX?
The average home price is currently $826,586.
In Pelican Bay, TX, how many homes are available?
There are currently 1 active home listings available in Pelican Bay.
What’s the average rental cost in Pelican Bay, TX?
The average rental price in Pelican Bay is $1,552.
What is the most expensive home in Pelican Bay?
The most expensive home sold in Pelican Bay had a price of $2,736,275.
What is currently the cheapest priced home in Pelican Bay, TX?
The cheapest home for sale in Pelican Bay is priced at $70,700.

Living in Pelican Bay, TX

Pelican Bay is a serene community located within Wise County, Texas, known for its tranquil atmosphere and welcoming environment. Residents enjoy access to beautiful waterfront views and a close-knit community vibe. The area offers a variety of recreational activities and amenities that cater to both families and retirees alike.

Buyer vs Seller Market in Pelican Bay, TX

The real estate market in Pelican Bay is currently trending towards the buyer's market as inventory levels have increased recently. This allows potential homebuyers to have more choices and negotiate better prices.

Overall, the area remains attractive for investment due to its desirable lakefront properties and community-focused lifestyle.

Home Value Estimator For Pelican Bay, TX

There are currently 19 real estate properties in Pelican Bay, TX, with a median automated valuation model (AVM) price of $581,616.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pelican Bay, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pelican Bay, TX, is $826,586.00, with the most expensive house in Pelican Bay, TX, topping out at $2,736,275.00 and the cheapest home in Pelican Bay, TX, clocking in at $70,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Pelican Bay, TX!

Rent Prices In Pelican Bay, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelican Bay, TX, is on a rollercoaster ride. The average rent price in Pelican Bay, TX, is $1,552.00. Indeed, when looking to rent in Pelican Bay, TX, you can expect to pay as little as $620.00 or as much as $2,790.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Pelican Bay, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pelican Bay, TX Preforeclosure Homes


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