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$1,399,000

208 Coconut St, Tiki Island, TX, 77554

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,072 Sq Ft
price_per_sqft$455.4 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringTile, Travertine, Vinyl Plank, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen, Side Yard, Sprinkler System, Boat Lift
Lot Size15,050 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces15

Land Information

APN5143-0000-0026-000
Lot Number27R3
SubdivisionMilans Corner 2nd Replat (2009) Abst 7
Land UseResidential
Legal DescriptionMILANS CORNER 3RD REPLAT (2022) ABST 7 LOT 27R3 (26-0)
Census Tract723800
Assessed Land Value$489,178
Assessed Improvement Value$460,822
Assessment Year2025

About this property

Experience waterfront living on Tiki Island on an impressive 15,050 sq ft double lot, nearly three times a typical lot. With 133 feet of wide-water canal frontage, a concrete bulkhead, deep-draft vessel access, and east-facing exposure, ideal for life on the water. Inside, open-concept living spaces overlook the waterfront, and an elevator connects levels. A private guest suite offers a kitchenette, living area, bedroom, bath, loft/flex space, and separate entrance. Features include quartz countertops, LVP flooring, fresh paint, Samsung Bespoke appliances, and updated staircase finishes. Outside, enjoy east-facing decks and patios, a pool and spa, boat lift, jet-ski lift, and outdoor kitchen. Additional features include remote storm shutters, mosquito misting, WiFi sprinklers, tandem garage bays for up to five vehicles, a 50-amp RV plug, and stamped driveway. Recent improvements include 2023 HVAC systems and a quartz aggregate pool finish. Low-cost assumable flood insurance adds value.

Investor Tools

$597,654Estimated Mortgage Balance
$840,545Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,616 /month
Positive
Cash Flow Estimate:
$2,872 /month

Interested in this property?

Nichelle Richards

Nan & Company Properties-Galveston Office

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,046/month
$70/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,377
$950,000
2025
$489,178
$460,822
$950,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,377
$950,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bay Cu
Conventional
$647,200
No
First
May 2, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$597,654
$887,346
59%
42%
$3,881/mo

City: Tiki Island

208 Coconut St | Property Details | No Agent List