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Tiki Island 77554 Tiki Island
1247 Oahu Drive
$735,000 Last Listed Price
● House - Off Market

1247 Oahu Drive

Tiki Island, TX 77554
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$759,926
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Incredible unobstructed views of West Galveston Bay.  This one-story coastal cottage is situated on an extra-large lot with room for a pool and an addition to the home if you would like. Spacious living/dining/kitchen area with a ventless butyl fireplace, high ceilings, wood flooring, tons of storage, tropical landscaping, a beach area perfect for relaxing by the water or wetting a line, an inlet boat slip, covered deck, and easy access to the bay. Captain's bed in the second bedroom stays with the home. Some furnishings are negotiable. Low flood insurance rate on this home. Don't wait, call today!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$547
Property Type
House
Property Taxes
$842
HOA Dues
$8
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (HAR #9671205)

Price History

Date / Event Date Event Price
Aug 8, 2022 Sold
Premium
Sold
Jul 12, 2022 Listed by Coldwell Banker Realty $735,000
Listed by Coldwell Banker Realty
Incredible unobstructed views of West Galveston Bay. This one-story coastal cottage is situated on an extra-large lot with room for a pool and an addition to the home if you would like. Spacious living/dining/kitchen area with a ventless butyl fireplace, high ceilings, wood flooring, tons of storage, tropical landscaping, a beach area perfect for relaxing by the water or wetting a line, an inlet boat slip, covered deck, and easy access to the bay. Captain's bed in the second bedroom stays with the home. Some furnishings are negotiable. Low flood insurance rate on this home. Don't wait, call today!

Property Highlights

Garage
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 370
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 6,460
  • Total Building Area: 1,714
  • Gross Building Area: 1,714
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIKI ISLAND
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ABST 7 S C BUNDICK SUR LOT 80A RPLT TIKI ISLAND

Neighborhood

  • School District Name: Hitchcock Independent School District
  • School Tax School District: RFL
  • Census Tract: 723800

Geography

  • Assessors Map Reference: 354-B
  • Subdivision Tract Number: 80A
  • Parcel: 7135-0000-0080-000
  • Lot: 80A
  • Municipality: VILLAGE OF TIKI
  • Latitude: 29.2938
  • Longitude: -94.9147

    Address

  • Full Address: 1247 Oahu Dr
  • Address - House Number: 1247
  • Address - Street Name: Oahu
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Galveston
  • Carrier Code: R002
  • 4-Digit Zip Code: 6177
  • Zip Code: 77554

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $880,202
  • Tax Rate Code Area: S18

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 707,672
  • High Value: 839,666
  • Low Value: 575,678

    Market Valuation

  • Market Total Value: $615,870
  • Market Land Value: $222,870
  • Market Improvement Value: $393,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $615,870
  • Assessed Land Value: $222,870
  • Assessed Improvements Value: $393,000

    Sales

  • Current Sale Contract Date: Dec 16, 2016
  • Current Sale Recording Date: Dec 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2016077105
  • Previous Sale Recording Date: Apr 25, 2016
  • Previous Sale Contract Date: Apr 21, 2016
  • Previous Sale Amount: $206,300
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tiki Island

Stats & Trends

Median Asking:

$799,999

Sale Price/ft²

$406

Below Asking

0.03%

Average Days on Market

90

Average Home Size

2621 ft²

Average Home Age

32.6 years

Currently For Sale

65 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1114 Tiki Drive, TX, 77554

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,310 ft²
1114 Tiki Drive, TX, 77554 Listing by Denice Thumann
Unit for rent at 438 Jeanie Lynne Circle, Galveston, TX, 77554

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,262 ft²
438 Jeanie Lynne Circle, Galveston, TX, 77554 Listing by MeiMei JamesOu

Rentals Near You

Click here to view more rentals in the neighborhood.
HAR

Listed by: Jacqueline Booth, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 9671205
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 1247 Oahu built and last sold?
The property at 1247 Oahu was built in 1964 and last sold on Dec 16, 2016 for $399,000.
How much is this home worth?
The estimated value of the home located at 1247 Oahu is $732,365.
What are some comparable homes to 1247 Oahu?
There are currently no comparable homes to 1247 Oahu.
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