$1,105,000

Estimated payment $6,491/month

1 Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Tammy Petterson

UTR TEXAS, REALTORS License #0623027 Listed on: 12/20/2025

UTR TEXAS, REALTORS

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,032

Year Built

Built in 1983

Lot Details

0

HOA Fees

$431 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Building Stories: 1
  • Year Built: 1983
  • Subdivision Name: Palms At Cove View Condo
  • Architectural Style: Traditional
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • UniversalParcelId: urn:reso:upi:2.0:US:48167:5577-0000-0406-000
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Electric Range
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Stories: 1

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition
  • Pool Private: No
  • Construction Type: Cement Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Additional Parking, None

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Community Pool
  • Association Fee: 431.0
  • Association Fee Frequency: Monthly
  • Association Name: The Palms HOA

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Recreation Facilities, Sewer, Trash, Water

Schools

  • Elementary School: GISD OPEN ENROLL
  • Junior High Dist: 22 - Galveston
  • High School: BALL HIGH SCHOOL
  • Middle Or Junior School: GISD OPEN ENROLL

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3032.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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®

Source: Houston Association of REALTORS®

MLS Number: 37863162

Houston Association of REALTORS®

APN: 5577-0000-0406-000