Waterview double corner lot in gated community. Located between Palacios and Port Lavaca on State Hwy 35 S, Cape Carancahua is 530-acre private gated residential community on Carancahua Bay, which opens into Matagorda Bay and thence to the Gulf of Mexico. Property owners enjoy amenities that include a community water supply system, boat launch, boat trailer parking, three lighted fishing piers, two swimming pools, two tennis courts, playground, parks, wetlands for wildlife, community meeting room, newly-constructed community center, outdoor picnic pavilion, and incomparable coastal ambiance.