36
Map
$2,750,000
●
House -
For Sale
506 Sunset Circle
Tiki Island, TX 77554
4 Beds
3 Baths
4,592 Ft²
$18,466
Est. Monthly
$13
HOA / Fees
About This Property
Beautiful Waterfront Property with Southwestern Flair! This
stunning Spanish-style residence is ideally situated on Tiki
Island-just across the causeway from Galveston Island-and spans two
waterfront lots totaling approximately 10,281 sf. Designed
for both luxury and comfort, the home features soaring vaulted
ceilings with rich wooden beams, gourmet kitchen, and a dramatic
wall of windows that showcases panoramic bay views. An elevator
provides added convenience, while four spacious bedrooms offer
ample room for family/guests. On the ground level, an
expansive outdoor area awaits, complete with a pool and private
boathouse-perfect for embracing the waterfront lifestyle. Two
adjacent lots (Lot 15,16) are available for purchase separately
from listed property. Buyer of listed property will have
first right of refusal. The home is offered furnished, with
some exceptions. July update: new elevator installed and
kitchen countertop enlarged & replaced with beautiful new quartz.
Unit Size
4,592 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$599
Property Type
House
Property Taxes
$4,950
HOA Dues
$13
Year Built
2006
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 months ago (HAR #16951993)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2026 | Listed by Sand N Sea Properties, LLC | $2,750,000 | |
| Listed by Sand N Sea Properties, LLC | |||
| Sep 17, 2025 | No longer available | - | |
| No longer available | |||
| Mar 16, 2025 | Listed by Comiskey Realty | $2,995,000 | |
| Listed by Comiskey Realty | |||
| | |||
|
If you have ever dreamed of a waterfront home on the bay, welcome to beautiful Tiki Island where luxurious comfort resides in full view of nature’s beautiful surrounding waters. This home offers full panoramic views of the Bay through walls of windows that fill the home with natural light even on cloudy days! The Spanish-style architecture resides on two expansive lots with a subtle air of vintage elegance with all the amenities.
The home features four spacious bedrooms and a large patio below that is ideal for entertaining guests with comfortable relaxation at the pool or with water sports from your private boathouse that includes a jet ski slip. This home provides the charm of vintage elegance with all the modern conveniences for a unique luxurious lifestyle.
| |||
| Mar 15, 2025 | No longer available | - | |
| No longer available | |||
| Jun 19, 2024 | Price Decreased |
$2,995,000
↓ $505K
(14.4%) | |
| Price Decreased | |||
Show More
Property Highlights
Elevator
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Oversized, Garage Door Opener, Circular Driveway, Double-Wide Driveway
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Elevator, High Ceilings, Wet Bar, Wired for Sound, 1 Bedroom Down - Not Primary BR, 2 Bedrooms Up, Primary Bed - 1st Floor, Walk-In Closet(s)
Appliances: ENERGY STAR Qualified Appliances, Disposal, Ice Maker, Refrigerator, Wine Refrigerator, Convection Oven, Double Oven, Microwave, Gas Cooktop, Dishwasher, Dryer Included, Washer Included
Flooring Type: Carpet, Wood
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Exterior Details
Square Footage: 4592
Architectural Style: Mediterranean, Spanish
Year Built: 2006
Waterfront Features: Bayfront, Bulkhead, Concrete Bulkhead
Building Area Total: 4592
Other Structures: Boat House
Window Features: Storm Window(s), Window Coverings
Construction Materials: Stucco
Patio and Porch Features: Covered, Patio, Porch
Pool Features: Gunite, Heated, In Ground, Salt Water
Pool is Private
Lot Features: Back Yard, Cul-De-Sac, Waterfront, 1/4 Up to 1/2 Acre
Lot Size Area: 0.457
Lot Size Units: Acres
Lot Size Acres: 0.457
Lot Size Square Feet: 19906.92
Water Source: Public
Financial Details
Tax Annual Amount: $59,402
Utilities Details
Cooling Type: Ceiling Fan(s), Electric, Zoned
Heating Type: Zoned
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Boat Dock, Boat Slip, Picnic Area, Tennis Court(s), Pickleball Court
HOA Fee: $150
HOA Fee Frequency: Annually
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 Tiki Island
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,900 /mo
- 5 Beds
- 4 Baths
- 2,806 ft²
$2,000 /mo
- 2 Beds
- 1 Bath
- 1,260 ft²
Listed by: Kathy Kendrick, Sand N Sea Properties, LLC
Last Updated: 3 months ago
Data Source: HAR , MLS# 16951993
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.
Last Updated: 3 months ago
Data Source: HAR , MLS# 16951993
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017