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$980,000

NAL Estimated Property Value

507 Westerly Drive, Tiki Island, TX, 77554

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,929 Sq Ft
price_per_sqft$300.25 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Boat Slip
Lot Size5,401 sqft

Building Information

Year Built2002
Roof Type105
Garage Spaces6

Land Information

APN7516-0000-0002-000
Lot Number2
SubdivisionWesterly Drive Rplt (2006) Abst 7
Land UseResidential
Legal DescriptionWESTERLY DRIVE RPLT (2006) ABST 7, LOT 2, ACRES 0.123
Census Tract723800
Assessed Land Value$297,060
Assessed Improvement Value$542,900
Assessment Year2025

About this property

Your "True" Paradise on Tiki. 4 Bedrooms with 2.5 baths and ELEVATOR. Private pool and glorious sunsets to watch on your back porch with the Tiki breeze in your hair!! Large boat dock offering a straight in slip! Easy Peasy! Want a bucket of fish for lunch? drop your line in right off your dock! Must see your perfect home!

Investor Tools

Property Icon
$980,000
Estimated Property Value
$361,791Estimated Mortgage Balance
$618,209Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,880 /month
Positive
Cash Flow Estimate:
$1,960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,110/month
$90/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,417
$839,960
2025
$297,060
$542,900
$839,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,417
$839,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Mortgage Solutions Llc
Conventional
$400,000
No
First
May 7, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,791
$618,209
63%
37%
$2,399/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.

Explore Texas Explore This Area
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: Tiki Island

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507 Westerly Drive | Property Details | No Agent List