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$494,380

1302 Coral Way, Tiki Island, TX, 77554

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$397.16 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringLaminate, Tile

Exterior

Lot Size4,138 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces5

Land Information

APN7141-0000-0043-000
Lot Number43
SubdivisionTiki Island 6
Land UseResidential
Legal DescriptionABST 7 S C BUNDICK SUR LOT 43 TIKI ISLAND SEC 6
Census Tract723800
Assessed Land Value$227,590
Assessed Improvement Value$266,790
Assessment Year2025

About this property

Cozy coastal cottage on a pie-shaped lot with beautiful bay views. This lot features approximately 75' of concrete bulkhead, a boathouse that currently houses a 24 ft boat & possibly room for a cocktail pool. You will love sipping your morning coffee on the easterly facing deck, or sipping your favorite beverage under the house in the fabulous covered sitting area looking out over the canal and the bay. The spacious living area opens to the dining room and kitchen. Some recent updates include new exterior stairs (2020), a new dishwasher, a/c evaporative coil and compressor, 4 exterior window shutters, and a hot water heater (2018). Don't wait, call today to schedule your private showing!

Investor Tools

Property Icon
$494,380
Estimated Property Value
$376,800Estimated Mortgage Balance
$148,994Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,966 /month
Positive
Cash Flow Estimate:
$989 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,020
$494,380
2025
$227,590
$266,790
$494,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,020
$494,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certainty Home Loans Llc
Conventional
$376,800
No
First
Dec 22, 2021
Jan 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,386
$148,994
30%
70%
$2,260/mo

Learn About the Market: Opportunity in Texas

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Explore

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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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Tiki Island

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1302 Coral Way | Property Details | No Agent List