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$2,750,000

506 Sunset Circle, Tiki Island, TX, 77554

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,592 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$598.87 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Ice Maker, Dryer Included, Refrigerator Included, Washer Included, Wine Refrigerator, Convection Oven, Double Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen, Sprinkler System, Boat Lift
Lot Size19,907 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces11

Land Information

APN7145-0000-0018-000
Lot Number15A
SubdivisionTiki Island 10
Land UseResidential
Legal DescriptionABST 7 S C BUNDICK SUR LOT 15A CROWDER ADDN RPLT OF LTS 15 THRU 18 (18-0) TIKI ISLAND SEC 10
Census Tract723800
Assessed Land Value$1,094,880
Assessed Improvement Value$1,574,500
Assessment Year2025

About this property

Beautiful Waterfront Property with Southwestern Flair! This stunning Spanish-style residence is ideally situated on Tiki Island—just across the causeway from Galveston Island—and spans two waterfront lots totaling approximately 10,281 sf. Designed for both luxury and comfort, the home features soaring vaulted ceilings accented by rich wooden beams, a gourmet kitchen with distinctive onyx countertops, and a dramatic wall of windows that showcases panoramic bay views. An elevator provides added convenience, while four spacious bedrooms offer ample room for family and guests. On the ground level, an expansive outdoor living and entertainment area awaits, complete with a pool and private boathouse—perfect for embracing the waterfront lifestyle. Two adjacent lots (Lot 15,16) are available for purchase separately from listed property. Buyer of listed property will have first right of refusal. The home is offered furnished, with some exceptions.

Investor Tools

$916,577Estimated Mortgage Balance
$1,805,423Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,500 /month
Positive
Cash Flow Estimate:
$5,500 /month

Interested in this property?

Kathy Kendrick

Sand N Sea Properties, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,680/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$42,553
$2,669,380
2025
$1,094,880
$1,574,500
$2,669,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$42,553
$2,669,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Moody National Bank
Unknown
$1,200,000
No
First
Jul 20, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$916,577
$1,805,423
66%
34%
$0/mo

City: Tiki Island