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$1,799,000

Beds
5
Baths
3.0
sq ft
3,306

1401 Palmetto Dr, Galveston, TX 77554

1401 Palmetto Dr

Galveston, TX 77554

  • 28 days on market
Welcome to your new sanctuary on the exclusive Tiki Island! This pristine home offers everything you could desire for a luxurious coastal lifestyle. This stunning residence boasts 280-degree views of the Gulf, allowing you to enjoy breathtaking sunrises and sunsets from almost every room. With five spacious bedrooms and three full bathrooms, there is ample space for family and guests to relax and unwind. The home features a state-of-the-art boat lift and a private pool, perfect for enjoying sunny days on the water or a refreshing dip. Every detail of this home has been meticulously maintained, making it truly move-in ready. To top it off, this beautiful home comes completely furnished, so you can start enjoying your island paradise from day one. Designed for those seeking privacy and tranquility, Tiki Island prohibits short term rentals. Experience the best of coastal living on Tiki Island, where comfort, luxury, and community come together in perfect harmony. All per seller.

Details

Property type

Single Family Residence

Est. home value

$1,643,977

Lot size

5,663 sq ft

Price per sq ft

$545

Year built

2006

Annual property taxes

$28,041

Monthly HOA fee

$8.33

Price History

06/06/2024
Houston

Houston #46297576

Listed
$1,799,000
10/29/2021
Houston

Houston #42755332

Removed

Schools & Community

Elementary school: 

HITCHCOCK PRIMARY/STEWART ELEMENTARY SCHOOL

Middle school: 

CROSBY MIDDLE SCHOOL (HITCHCOCK)

High school: 

HITCHCOCK HIGH SCHOOL

School district: 

Hitchcock

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$563,957
Asking price
$1,799,000
Closing costs (~8% of asking)
-$143,920
Est. remaining loan balance
-$1,091,123
Cash to seller
$563,957

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2022

Original loan amount

$1,144,000

Est. remaining balance

$1,091,123

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Grawood Fdi Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/04/2024 at 9:55 PM

Listing updated: 06/27/2024 at 8:53 PM

Listed by: Moselle Chapman, Greenwood King Properties - Kirby Office Phone #: (713) 524-0888

MLS: Houston #46297576

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