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$2,050,000

NAL Estimated Property Value

1616 Driftwood Ln, Galveston, TX, 77551

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths5,440 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$367.65 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Ice Maker, Refrigerator, Microwave, Gas Cooktop, Double Oven, Electric Oven, Tankless Water Heater
FlooringMarble, Tile

Exterior

Private PoolPrivate Pool
Lot Size29,512 sqft

Building Information

Year Built1972
Stories1
Roof Type172
Garage Spaces2

Land Information

APN3070-0000-0001-000
Lot Number1
SubdivisionDriftwood
Land UseResidential
Legal DescriptionABST 121 HALL & JONES SUR LOT 1 & ADJ ROAD DRIFTWOOD
Census Tract725800
Assessed Land Value$637,500
Assessed Improvement Value$1,412,500
Assessment Year2025

About this property

Incredible opportunity to own a one-story on over a 1/2 acre home on Offats Bayou. A Classic Mediterranean Villa, this home was designed with commercial grade building standards that included a 2 1/2 foot foundation! The open space floor plan has a marble floored den, 2 wall areas made of imported marble bricks, exterior imported marble brick pillars which surround the house & a roof edge with original design of solid copper showcasing the quality of construction. The massive living areas throughout, with views of Offats Bayou, allow for entertaining on a grand scale. Approximately 1/5 of the home was designed for live-in help, most recently converted to 2 study areas. The kitchen is a chef's dream with Viking appliances, 2 separate sink areas on an extensive work island, custom cabinets galore + a large seating area with fireplace & Bayou views. The back yard has mature foliage, a large pool and plenty of space for outdoor entertaining.

Investor Tools

Property Icon
$2,050,000
Estimated Property Value
$1,272,982Estimated Mortgage Balance
$777,018Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,300 /month
Positive
Cash Flow Estimate:
$4,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,162
$2,050,000
2025
$637,500
$1,412,500
$2,050,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,162
$2,050,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Arm (Adjustable Rate Mortgage)
$1,500,000
No
First
Aug 16, 2019
Sep 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,272,982
$777,018
37%
62%
$6,422/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: Galveston

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1616 Driftwood Ln | Property Details | No Agent List