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B+
NoAgentList RatingHow are grades calculated? Info

$2,340,000

13203 Binnacle Way, Galveston, TX, 77554

Off MarketInfo
Beds4 Beds
Baths6 Bath
Baths3,706 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$742.04 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Double Oven, Electric Oven, Trash Compactor, Microwave, Gas Cooktop, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringWood

Exterior

Exterior FeaturesBalcony
Lot Size8,751 sqft

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces9

Land Information

APN5870-0011-0001-000
Lot Number1
SubdivisionPirates Cove Sec 6
Land UseResidential
Legal DescriptionABST 121 PAGE 44 LOT 1 BLK 11 PIRATES COVE SEC 6
Census Tract726101
Assessed Land Value$265,000
Assessed Improvement Value$1,750,700
Assessment Year2025

About this property

Nestled in prestigious Laffites Cove, this impressive waterfront sanctuary presents a rare opportunity for luxury living. Enjoy 180-degree panoramic bay views from the primary bedroom suite or the expansive living area with gas log fireplace. Featuring an open style living area, crown molding and hardwood floors throughout. The gourmet kitchen impresses with its central chef's island and high-end appliances. Outside, a waterfront terrace invites relaxation and entertainment against the backdrop of the shimmering water. Summer sunsets mimic Pacific Ocean sunsets. New England style wraparound porch affords unobstructed west and south views of adjacent nature preserve. Stadium style LED fishing lights for speckled trout and redfish. Experience coastal elegance at its finest in this desirable retreat just a few minutes away from the Galveston Country Club's renowned golf courses. Social GCC membership conveys with property.

Investor Tools

Property Icon
$2,340,000
Estimated Property Value
$665,800Estimated Mortgage Balance
$2,340,000Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,500 /month
Positive
Cash Flow Estimate:
$5,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,143/month
$875/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,013
$2,015,700
2025
$265,000
$1,750,700
$2,015,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,013
$2,015,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,244,000
100%
0%
$0/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.

Explore Texas Explore This Area
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: Galveston

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13203 Binnacle Way | Property Details | No Agent List