B+

NoAgentList RatingHow are grades calculated?

75Days on Market

1view

$2,075,000

13243 Binnacle Way, Galveston, TX, 77554

On Market

3 Beds

4 Bath

2,996 Sq Ft

Single Family Residence

$692.59 / sqft

Built in 1995

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Electric Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator

FlooringCarpet, Wood

Exterior

Private Pool

Exterior FeaturesBalcony, Boat Slip

Lot Size9,378 sqft

Building Information

Year Built1995

Stories1

Roof Type105

Garage Spaces7

Land Information

APN5870-0011-0011-000

Lot Number11

SubdivisionPirates Cove Sec 6

Land UseResidential

Legal DescriptionABST 121 PAGE 44 LOT 11 BLK 11 PIRATES COVE SEC 6

Census Tract726101

Assessed Land Value$148,500

Assessed Improvement Value$1,601,500

Assessment Year2025

About this property

Elegance meets simplicity in coveted Laffites Cove. Greeted at entry by hardwood floors, 2 story ceiling w/wall of windows & clerestory. 180-degree open water view. Kitchen w/ large island, ample storage, dumb waiter, wine cooler, ice maker, Subzero & down draft gas range. Walk-in pantry & laundry are adjacent. Dining open to living rm great for entertaining w/beautiful views. Off living rm is study, guest bedrm ensuite & powder rm. Large primary suite up w/fireplace & balcony overlooking beautiful open water. Primary bath w/double sinks, vanity, soaking tub, separate shower & large walk-in closet. To complete upstairs split plan, library/bunk rm & additional bedrm ensuite. Gameroom down w/glass wall that opens to pool area. Exterior amenities include pool, plaster & decking 2026, entertaining space, boat lift 2025, dock 2023 w/TREX, & garage space. Concrete pilings, 2023 painted exterior trim, 2019 metal roof. Carpet 2026. Social membership Galveston CC included. All info per Seller.

Investor Tools

$2,054,000

Estimated Property Value

$1,250,000Estimated Mortgage Balance

$867,909Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$12,450 /month

Positive

Cash Flow Estimate:

$4,150 /month

Interested in this property?

Bet Jennings

Greenwood King Properties

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$3,345/month

$1,016/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$29,868

$1,750,000

2025

$148,500

$1,601,500

$1,750,000

Tax History

Year

Tax Paid

Assessed Value

2024

$29,868

$1,750,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Horizon Bank

Conventional

$1,250,000

First

May 24, 2023

Jun 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,187,940

$562,060

32%

58%

$6,424/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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