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$504,000

23138 Verano Dr, Galveston, TX, 77554

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$347.92 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Free-Standing Range, Dishwasher, Dryer, Oven, Refrigerator, Washer
FlooringTile

Exterior

Exterior FeaturesDock
Lot Size7,562 sqft

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7011-0002-0010-000
Lot Number10
SubdivisionTerramar 2
Land UseResidential
Legal DescriptionABST 121 PAGE 12 LOT 10 BLK 2 TERRAMAR BEACH SEC 2
Census Tract726102
Assessed Land Value$121,260
Assessed Improvement Value$239,320
Assessment Year2025

About this property

Welcome to this beautifully remodeled, fully furnished turnkey Airbnb in the Terramar community. This stunning 4BR/2BA beach house has been thoughtfully transformed inside and out with high-quality materials and designer finishes. Enjoy ocean views and easy beach access just steps away, perfect for a proven rental investment or private retreat. The light-filled living area centers around an oversized island with waterfall quartz countertops and Gulf views from nearly every angle. The spacious primary suite offers serene water views and a luxurious bath with an oversized shower and dual vanities. Three additional bedrooms and a stylish second bath provide ample space for guests. Minutes from the community pool, private boat ramp, and fishing pier. Strong rental history with consistent bookings!

Investor Tools

Property Icon
$504,000
Estimated Property Value
$180,000Estimated Mortgage Balance
$331,598Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,054 /month
Positive
Cash Flow Estimate:
$1,018 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$704/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,927
$360,580
2025
$121,260
$239,320
$360,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,927
$360,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Bank Na
Purchase Money Mortgage
$180,000
No
First
Jan 5, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,402
$331,598
65%
34%
$1,080/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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