B+

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Owner Contacts

$710,780

1018 Tiki Drive, Tiki Island, TX, 77554

Off Market

3 Beds

2 Bath

1,643 Sq Ft

Single Family Residence

$395.01 / sqft

Built in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringLaminate

Exterior

Exterior FeaturesBoat Slip

Lot Size5,998 sqft

Building Information

Year Built2004

Stories1

Roof Type105

Garage Spaces7

Land Information

APN7132-0000-0017-000

Lot Number17

SubdivisionTiki Cove Estates (99)

Land UseResidential

Legal DescriptionABST 7 LOT 17 TIKI COVE ESTATES

Census Tract723800

Assessed Land Value$330,000

Assessed Improvement Value$380,780

Assessment Year2025

About this property

Summer is on the way and here's your ideal WATERFRONT retreat located in exclusive Tiki Island on Jones Bay, adjacent to a bird and fish-filled marsh/wetlands area.Private boat slip and just minutes to Galveston by car or boat.Spacious,open floorplan features large family room with high ceiling,fireplace,large flat-screen TV & a wall of windows to the bay.Custom granite kitchen w/stainless appliances & breakfast bar that seats 8.Private master suite w/roomy bath featuring deep,soaking jetted tub,separate shower & large walk-in.Freshly painted throughout with new flooring & just-updated baths. Enormous 31x26 deck partially covered with a gas firepit, speakers & outdoor seating. First level includes covered parking for 2+ cars, storage room and large bar for entertaining.Ground floor opens to the water, a covered boat slip, boat lift & fish cleaning station. Plenty of room on the side for a large boat & other toys.Exterior cargo lift. Fully furnished & ready for fun.Golf cart negotiable.

Investor Tools

$710,780

Estimated Property Value

$0Estimated Mortgage Balance

$293,326Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,265 /month

Positive

Cash Flow Estimate:

$1,422 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,034/month

$70/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,850

$710,780

2025

$330,000

$380,780

$710,780

Tax History

Year

Tax Paid

Assessed Value

2024

$8,850

$710,780

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Third Coast Bank Ssb

Commercial

$441,000

First

Jul 7, 2023

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$417,454

$293,326

41%

59%

$2,645/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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