3506 Cove View Blvd Unit 406 Galveston, TX 77554
Spanish Grant-Beachside Village-Evia NeighborhoodEstimated payment $6,491/month
Highlights
- Traditional Architecture
- Central Air
- Gas Log Fireplace
- Community Pool
- Heat Pump System
About This Home
Investor opportunity in the desirable West End of Galveston! This portfolio includes 7 income-producing condos at The Palms, just a short walk from the beach—an ideal location for both long-term and future rental potential. The offering consists of three 2-bedroom/1-bath units, two 1-bedroom/1-bath units, and one efficiency, providing a strong mix to appeal to a wide tenant base. The Palms community offers attractive amenities including a community pool and fitness center, enhancing tenant retention and demand. Currently, the portfolio features two month-to-month leases and five one-year leases, allowing for immediate cash flow with tenants who wish to remain long-term, while still offering flexibility for future plans. Whether you’re expanding your investment holdings or seeking a value-add opportunity near the beach, this portfolio delivers location, stability, and upside in one smart package.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,032
Year Built
- Built in 1983
HOA Fees
- $431 Monthly HOA Fees
Parking
- Additional Parking
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
- Cement Siding
Interior Spaces
- 1-Story Property
- Gas Log Fireplace
- Electric Range
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Schools
- Gisd Open Enroll Elementary And Middle School
- Ball High School
Utilities
- Central Air
- Heat Pump System
Community Details
Overview
- Association fees include common areas, cable TV, insurance, ground maintenance, maintenance structure, recreation facilities, sewer, trash, water
- The Palms HOA
- Palms At Cove View Condo Subdivision
Recreation
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,145 | $178,840 | $6,380 | $172,460 |
| 2024 | $3,145 | $184,250 | $6,380 | $177,870 |
| 2023 | $3,145 | $159,000 | $6,380 | $152,620 |
| 2022 | $2,524 | $127,000 | $6,380 | $120,620 |
| 2021 | $2,386 | $107,390 | $6,380 | $101,010 |
| 2020 | $2,035 | $77,750 | $6,380 | $71,370 |
| 2019 | $1,672 | $69,000 | $6,380 | $62,620 |
| 2018 | $1,678 | $68,930 | $6,380 | $62,550 |
| 2017 | $1,622 | $67,500 | $6,380 | $61,120 |
| 2016 | $1,589 | $66,113 | $6,383 | $59,730 |
| 2015 | $1,478 | $60,843 | $6,383 | $54,460 |
| 2014 | $1,350 | $54,873 | $6,383 | $48,490 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2025 12/20/25 | For Sale | $1,105,000 | -- | -- |
Source: Houston Association of REALTORS®
MLS Number: 37863162
APN: 5577-0000-0406-000
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