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$799,900

1331 Coral Way, Tiki Island, TX, 77554

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,600 Sq Ft
price_per_sqft$499.94 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Wine Refrigerator, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesSide Yard
Lot Size7,457 sqft

Building Information

Year Built1990
Stories1
Roof Type105
Garage Spaces7

Land Information

APN7141-0000-0036-000
Lot Number36A
SubdivisionTiki Island 6
Land UseResidential
Legal DescriptionABST 7 SC BUNDICK SUR LOT 36A TIKI ISLAND SEC 6 RPLT
Census Tract723800
Assessed Land Value$410,160
Assessed Improvement Value$343,270
Assessment Year2025

About this property

Welcome to the ultimate bay lifestyle! This beautifully updated 2-bedroom, 2-bath waterfront home features an incredible kitchen with approx 100K in upgrades, including a massive island perfect for entertaining. The open living and dining areas flow seamlessly to the wrap-around south-facing deck and amazing outdoor space. Enjoy a heated pool, hot tub, two covered tiki huts, outdoor kitchen, bar, boat lift, and a WaveRunner lift that was added just two years ago. A bonus space in the center of the home is currently walled off but could easily be opened and converted into an additional bedroom, office, or flex space. Additional features include a concrete bulkhead, Hardie siding, storm-rated windows, roll-down shutters, and updated flooring. Furnishings negotiable and the additional lot is also available for purchase! Call today and start making waterfront memories while fishing from your own backyard. Tiki is known for the best sunset views and close proximity to I45

Investor Tools

$654,579Estimated Mortgage Balance
$102,221Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,799 /month
Positive
Cash Flow Estimate:
$1,600 /month

Interested in this property?

Orrin Padgett

Call It Closed Int'l Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,086/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,269
$753,430
2025
$410,160
$343,270
$753,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,269
$753,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$691,500
No
First
Jun 23, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$654,579
$98,851
13%
87%
$4,146/mo

City: Tiki Island

1331 Coral Way | Property Details | No Agent List