The median home value in Penitas, TX is $128,600.
This is
lower than
the county median home value of $166,400.
The national median home value is $338,100.
The average price of homes sold in Penitas, TX is $128,600.
Approximately 73.75% of Penitas homes are owned,
compared to 15.43% rented, while
10.82% are vacant.
Penitas real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Penitas real estate agent to arrange a tour today!
Step into this delightful custom-built home set on a generous half-acre lot. The exterior showcases a charming combination of stone accents and siding, complemented by a welcoming front porch. Inside, the living room impresses with unique coffered ceilings, recessed lighting, and an abundance of natural light. This property offers plenty of outdoor space, perfect for hosting gatherings, gardening, or enjoying serene country living. A perfect blend of modern design and spacious tranquility!
Great investment opportunity in the growing city of Penitas Texas!! This well maintained 6-plex features 2 Bed 1 Bath units, a new roof, is fully occupied and generates $4,500 of monthly income- with room for improvement! Don't miss out on this great opportunity of stable cash flow and growth. Schedule a showing and secure this investment today!
Location! Location! Location! This home features 3 bedrooms, 2 baths and sits on 0.50 acres of land! Home currently has new flooring in all common areas and modern spacious kitchen! Great investment or fixer upper opportunity. Home is missing floor in all bedrooms, master bathroom is not complete & third bedroom is not complete. Home is selling AS IS! Must be purchased cash or with a renovation loan!
Nestled in the surroundings of Peñitas, Texas this 0.5-acre property offers an opportunity for those seeking a rural site for their new home. Enjoy the country living while still being just a short drive away from all the amenities of the Rio Grande Valley. Property includes septic tank and water meter.
Incredible opportunity to own 3 sprawling acres of prime land offering endless possibilities for your dream project. Whether you're looking to build a custom home, establish a mini-farm, or invest in a property with potential, this expansive tract provides space & privacy.
Expansive one acre property offers endless possibilities with frontage on Pino St, with an additional 1.34 acre tract available.
Attention All Investors! Don't miss this incredible investment opportunity! Just north of U.S. 83 (I-2), is a well maintained 8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. This property features seven spacious 2-bedroom units and one 3-bedroom unit, which are all currently occupied (leased), ensuring immediate cash flow. Conveniently located near major roadways, shopping centers, and dining options, this 8-plex offers both a prime location and exceptional value. Whether you're looking to expand your portfolio or make a solid investment, this property is the perfect choice. Take advantage of this fantastic opportunity before it's gone. Call for more information today!
New construction home close to Expressway 83 and new commercial development in Penitas. Walmart, Starbucks, Denny's, Panda Express, etc all walking distance! Nice 3/2 home with a big backyard.
This 1/2 acre lot is located in a highly growing city of Penitas, offering the perfect canvas for your dream home. Situated in a peaceful, well-established neighborhood, the property provides ample space for a custom build with plenty of room for outdoor living, gardens, or a pool. Enjoy the benefits of a quiet, residential setting while being conveniently close to schools, shopping, dining, and major roads. With its prime location and potential for future growth, this lot is an exceptional opportunity for anyone looking to invest in a desirable community. Don’t miss out—build your ideal home here!
The opportunity you've been waiting for!. Whether you're looking for a house with a large yard/patio or want to expand your real estate portfolio, these +/- 4 Acres are located in front of Expressway 83. Developers welcome. The property has its own private street and is fenced making it a GREAT option. Come and discover the endless possibilities and versatility that this property has to offer.
Great opportunity! Large half acre lot in growing location to build your custom home!
This delightful investment property is nestled on a generous half-acre lot, providing ample space to unwind and enjoy the outdoors. Step inside and imagine the potential for creating your ideal home for you and your family. Outside, take in the fresh air and sunshine in the expansive yard. This is an exceptional investment opportunity you won’t want to miss!
Commercial Opportunity on Residential Property in Peñitas, TX! Located just outside the city limits of Peñitas, this versatile commercial building offers excellent potential for a wide range of business ventures. Situated on a residentially zoned property, this location provides a unique blend of residential convenience and commercial potential, ideal for those looking to establish a business in a growing area. With ample space for expansion, this property offers endless possibilities. Whether you're looking to start a retail business, office space, or service-oriented operation, this is a rare opportunity to capitalize on the increasing development in the region.
Discover the perfect place to build your dream home! Located in the growing city of Penitas,TX. This Property offers plenty of space to design your ideal living environment while enjoying privacy and tranquility. Conveniently situated near major roads, you'll have easy access to local amenities without sacrificing the charm of rural living. Don't miss this opportunity to create your own personal retreat!
Prime commercial opportunity in the rapidly growing city of Penitas, Texas! This property is situated in a high traffic location, offering excellent visibility and accessibility for your business. Previously used as a restaurant and bar, the building is currently vacant and in need of repairs or a complete rebuild, presenting the perfect chance to customize the space to suit your vision. Don't miss the opportunity to transform this space into a profitable business!
Imagine coming home to this expansive half-acre property, where a beautifully maintained residence awaits, surrounded by gorgeous brickwork and lush, manicured landscaping. Every corner of this home has been lovingly cared for, making it truly move-in ready for its next owners. Located in the thriving outskirts of Peñitas, you’ll enjoy the best of both worlds: the quiet, suburban peace of the outskirts with all the conveniences of town nearby. Here, you’re just minutes from local schools, shopping, and daily essentials, yet can unwind in your own private haven, where evenings are quiet and your outdoor space invites endless possibilities. This home isn’t just a place to live; it’s a place where you’ll love making memories for years to come! (Pictures coming in soon!)
.25 Acre lot near corner of Main St and Old Military Rd in Penitas. Right in front of the Fire Station. Lot has access through Angel Romo Street, a dirt Railroad Easement. A great location with plenty of potential. Perfect for a starter home or trailer. See attached survey for property boundaries and encroachments.
10 Acres of Endless Possibilities in Penitas, TX! Unimproved Land – Your Vision, Your Canvas! Located just minutes from Expressway 83 (Highway 83) and Walmart, offering excellent accessibility. Close to the new overpass to Rio Grande City, positioning it perfectly for future growth. Why This Property? Ideal for creating a subdivision, private estate, or investment project in this rapidly growing area. Unlimited Opportunities: With no existing structures, you have the freedom to design and develop from scratch. Penitas is expanding quickly, making this a prime opportunity to invest in the area's future. Utilities nearby for effortless development. Perfect for developers, investors, or anyone looking to build their dream project. Opportunities like this don’t last long!
Discover this beautiful 5-bedroom, 3-bathroom home, situated on a sprawling half-acre lot with mature trees and a low-maintenance rock landscape. Designed for both relaxation and entertaining, the outdoor space features a huge patio and a large pool—ideal for cooling off on hot Texas days or hosting memorable gatherings. Inside, the spacious kitchen boasts granite countertops, tile flooring throughout, and decorative ceilings that lend character and charm to each room. This property uniquely combines the convenience of city living with the tranquility of a serene, country-like atmosphere. Come and experience the best of both worlds with a tour of this beautiful home!
Elegant New Construction in Penitas, Texas Discover modern living in this beautifully crafted, newly constructed home in the heart of Penitas. This sophisticated residence offers three spacious bedrooms, two stylishly appointed bathrooms, and an expansive living area perfect for both relaxation and entertaining. The home features a charming front covered porch, inviting you to unwind and enjoy serene views on your half-acre lot, blending privacy with a touch of nature. Experience the ideal balance of comfort and elegance in a community setting, where every detail has been thoughtfully designed to enhance your lifestyle. This exceptional property awaits you.
This sounds like a promising investment opportunity! The fact that the buildings are located on a busy road like Mile 7 is a significant advantage, as it can attract foot traffic and visibility. Here are some points to consider: Location: Being on a corner lot with high visibility can enhance customer access and attract more visitors. Previous Uses: The prior uses as a drive-thru store and bakery could indicate a demand for food or retail services in the area. You could potentially revive these concepts or pivot to something new. Flexibility: With the buildings currently vacant, you have the freedom to develop them according to market needs. This could be an opportunity for a café, a convenience store, or other retail ventures. Parking: Ample parking is a big plus, especially for businesses expecting higher foot traffic. If you have any specific questions or need more detailed advice about this opportunity, feel free to ask!
Come take a look at what this amazing and unique property has to offer! It presents almost one acre of land with a covered canopy as well as a storage area. The home boasts two floors, 5 Bedrooms, 1 Bathroom, 1 Half Bathroom, and a laundry area. It is also completely fenced as well as having a gate. This property also has a internet antenna perfect for a turn key WiFi installation opportunity. Don't miss out on this terrific property and schedule a showing today!
Discover this incredible opportunity-2.56 acres of pristine natural land in the rapidly growing city of Peñitas, ready for your vision. Whether you're looking to build a beautiful home, multi-family development, or potentially rezone for commercial use, this versatile property offers endless possibilities. It's also well-suited for livestock and other agricultural activities. Don't miss the chance to invest in a prime location with so much potential!
Corner lot in Penitas. Light and water meter already in the property. Fully fenced with entrance on two sides. Ready for residential or commercial use.
Introducing a lucrative investment opportunity in Penitas, TX! Conveniently located just off Liberty Blvd -corner with Dogwood St. Features 4 Units; offering 2 Bedrooms and 1 Bath, totaling 3052 sq. ft. of living space.. This property promises excellent potential for passive income & long term growth with $32,700.00 Lot Information: .47 Acreage Lot Size Area: 20,473.20 Lot size Units 763 sq. ft. Lot Features Corner lot. Water Source: Public city of Penitas Appliances: W-Heater -Refrigerator - Stove- Laundry: Washer/Dryer conveying Security Features: Smoke Detectors Utilities: 4 Electricity Meters 1 Water meter Tax Information: $2371. Tax legal Description: N6720-02-000-0086-00 Zone Code: B1 Fenced: Chain link
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
