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$645,000

26540 Mangrove Drive 203, Galveston, TX, 77554

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,427 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$452 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Refrigerator Included, Electric Oven, Microwave, Electric Range, Full Size, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringVinyl Plank

Exterior

Exterior FeaturesBalcony
Lot Size1,429 sqft

Building Information

Year Built2005
Stories1
Garage Spaces3

Land Information

APN1406-0007-0203-000
SubdivisionBay Water Condominiums (2007) Abst 121
Land UseResidential
Legal DescriptionBAY WATER CONDOMINIUMS (2007) ABST 121, BUILDING 7, UNIT 203
Census Tract726102
Assessed Land Value$24,930
Assessed Improvement Value$373,720
Assessment Year2025

About this property

Coastal getaway! Located just feet away from the Gulf of Mexico, this beautifully updated condo offers stunning views of the private fishing lake and Gulf waters from the primary suite balcony. Recent upgrades included a high efficiency HVAC and furnace, aris air scrubber air purification system, aprilaire entire home dehumidification system, fresh interior paint, custom wood flooring, and weather resistant stone coded balconies. The kitchen features stainless steel appliances, and the washer and dryer are included. This fully furnished turn key property is currently operating as a successful short-term rental offering excellent income potential. Enjoy resort style amenities a beach club, pool, lazy river, hot tub, fitness center, tennis, volleyball courts, fishing pier, outdoor outdoor grilling areas, clubhouse, restaurant, and bar, game room, gift shop and reception area. Experience coastal living, investment opportunity to own your rental vacation home, and resort style convenience.

Investor Tools

$131,383Estimated Mortgage Balance
$487,617Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,870 /month
Positive
Cash Flow Estimate:
$1,290 /month

Interested in this property?

Ruth Rodriguez

Epique Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$258/month
$3,982/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$357,163
2025
$24,930
$373,720
$398,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$357,163

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Q Lending Inc
Conventional
$162,000
No
First
May 5, 2017
Jun 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,383
$487,617
78%
21%
$972/mo

City: Galveston