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$396,000

NAL Estimated Property Value

1218 Island Dr, San Leon, TX, 77539

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,434 Sq Ft
price_per_sqft$313.74 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven

Exterior

Exterior FeaturesBoat Slip, Balcony
Lot Size7,144 sqft

Building Information

Year Built1995
Stories1
Roof Type105
Garage Spaces5

Land Information

APN3160-0000-0043-000
Lot Number43,ADJ
SubdivisionEdwards Landing
Land UseResidential
Legal DescriptionABST 10 A EDWARDS SUR LOT 43 & PT ADJ CANAL EDWARDS LANDING SUB
Census Tract721800
Assessed Land Value$42,860
Assessed Improvement Value$317,580
Assessment Year2025

About this property

Resort living daily or just on your weekends! Canal front, 3 bedroom, 3 bath home has great space for your water recreation and entertaining including a boathouse w/electric boatlift, plenty of space for your cars, garage for your golf cart and a 3rd full bath. Carport is insulated and the concrete is sealed. The den is open to the dining room & kitchen. Deck off the kitchen lets you lounge while enjoying coffee in the morning or cocktails in the evening with views of the canal & bay. Cargo lift for bringing you and your groceries up or your food down to dine by the water. Hard floors throughout & updated windows. Enjoy the award-winning restaurants of sunny San Leon! Take your boat over to Top Water Grill or Pier 6. Gilhooly’s is just a short drive or go for a tour or tasting of Railean’s Rum Distillery. Edward’s Landing, nestled between Houston & Galveston is a hidden gem! PLEASE CALL TO REQUEST FEATURES LIST ON THIS UNIQUE PROPERTY! NEW ROOF 04/25/2025!!

Investor Tools

Property Icon
$396,000
Estimated Property Value
$258,495Estimated Mortgage Balance
$137,505Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,699 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
$876/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,163
$360,440
2025
$42,860
$317,580
$360,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,163
$360,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$260,000
No
First
Jan 17, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,495
$139,505
35%
65%
$1,559/mo

City: San Leon

1218 Island Dr | Property Details | No Agent List