$1,499,000 Last Listed Price
●
House -
Off Market
3523 Foremast Drive
Galveston, TX 77554
5 Beds
4 Baths,
1
Half Bath
3,262 Ft²
$1,581,896
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Absolute masterpiece Pirates Cove home that showcases endless
sweeping canal views. This meticulously-maintained home boasts wide
open entertaining spaces - each looking out to the canal from the
walls of windows. The updated Chef's kitchen features stainless
appliances, granite countertops, custom cabinetry, glass
backsplash, and separate bar with beverage cooler. You will enjoy
relaxing in the luxurious master retreat located on the first
level. Elevator goes to all levels of the home. Ground level
entertaining mecca offers sparkling pool, lush landscaping,
multiple gathering spaces, fishing pier, and boat house with lift.
The waterfront property is a little over a half of an acre which is
very rare in Galveston.
Unit Size
3,262 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$460
Property Type
House
Property Taxes
$2,068
HOA Dues
$169
Year Built
1993
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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: 6 months ago (HAR #45289708)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2022 | Sold | ||
| Sold | |||
| Jun 10, 2022 | Listed by RE/MAX Leading Edge | $1,499,000 | |
| Listed by RE/MAX Leading Edge | |||
| | |||
|
Absolute masterpiece Pirates Cove home that showcases endless sweeping canal views. This meticulously-maintained home boasts wide open entertaining spaces - each looking out to the canal from the walls of windows. The updated Chef's kitchen features stainless appliances, granite countertops, custom cabinetry, glass backsplash, and separate bar with beverage cooler. You will enjoy relaxing in the luxurious master retreat located on the first level. Elevator goes to all levels of the home. Ground level entertaining mecca offers sparkling pool, lush landscaping, multiple gathering spaces, fishing pier, and boat house with lift. The waterfront property is a little over a half of an acre which is very rare in Galveston.
| |||
Property Highlights
Elevator
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pirates Cove
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Ryan Moody, RE/MAX Leading Edge
Last Updated: 6 months ago
Data Source: HAR , MLS# 45289708
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Last Updated: 6 months ago
Data Source: HAR , MLS# 45289708
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