$2,000,000
Active

4244 Pelican Lane, Galveston, Texas 77554

MLS#: 20077720 6 Days
  • 4 Bed
  • 3 Bath
  • 2,838 sq.ft
  • 0.37 Acre
  • $704.72 / sq.ft
  • 1982
Shana Acquisto
  • Call agent
  • Schedule Tour
  • Submit offer
  • Subdivision Name: Pirates Beach
  • Fireplaces Total: 2
  • Foundation Details: Pillar/Post/Pier

Incredible beach front property drivable distance from Houston, Austin, Dallas and other major cities. *FRACTIONAL OWNERSHIP* The perfect property for investors looking to buy an income producing asset. It's currently being used as a short term rental. Daily rate is $1,600 and is expected to increase. Only 12 shares are being sold at $195,000 per share. Each shareholder gets 4 weeks out of the year which they can rent the property or use it themselves. All rental income produced during shareholders weeks goes directly to them. 4 weeks will be rented out to cover operating expenses. It's currently booked through August 2022. Professionally managed making this a true source of passive income.$100,000 in upgrades to the property after summer to include new carpet, exterior work, installing a slide from balcony to bottom deck, interior touch up and painting, landscape, and maintenance work. That is covered in the share purchase price. Shareholders will own a percent of the actual property.

  • Address:
    4244 Pelican Lane, Galveston, Texas 77554
  • Directions:
    see google maps
  • Elementary School:
    Burnet
  • Middle School:
    Austin
  • High School:
    Ball

Real Estate Professionals

Contact Shana Acquisto
Contact Mike Acquisto

Presented by:

Agent Name: Kalie Lamb Brokerage: Evolve Real Estate LLC Listing ID: 121762408

Source of Data:

Acquisto Last Checked:

3 Days ago | 21st June 2022

  • Subdivision Name:
    Pirates Beach
  • HOA Fee:
    168
  • HOA Dues Frequency:
    Annually
  • HOA Fee Includes:
    Maintenance Grounds
  • Pool Features:
    Separate Spa/Hot Tub
  • Heating:
    Other
  • Cooling Type:
    • Ceiling Fan(s)
    • Central Air
  • Utilities:
    • City Sewer
    • City Water
    • Gravel/Rock
  • Interior Features:
    • Decorative Lighting
    • Kitchen Island
    • Multiple Staircases
    • Open Floorplan
    • Walk-In Closet(s)
  • Appliances:
    • Dishwasher
    • Disposal
    • Dryer
    • Electric Cooktop
    • Microwave
    • Refrigerator
    • Washer
  • Flooring:
    • Carpet
    • Vinyl
  • Laundry Features:
    Full Size W/D Area
  • Fireplace Features:
    • Living Room
    • Master Bedroom
  • Patio And Porch Features:
    • Deck
    • Patio
    • Roof Top Deck/Patio
  • Exterior Features:
    • Balcony
    • Storage
  • Construction Materials:
    Wood
  • Roof:
    Built-Up
  • Foundation Details:
    Pillar/Post/Pier
  • Fireplaces Total:
    2
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  • Parcel Number:
    585900000078000
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  • Modification Timestamp:
    2022-06-20T20:49:24.320
  • Price Change Timestamp:
    2022-06-20T20:49:24.320
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