Pointe west is a great development poised to capitalize on Galveston's surge in second homes and vacation rentals. The community is based around a community center with work out facilities, pool, bar, restaurant, and much more. Pointe West Galveston also features large park lands, lazy river, pedestrian and gold cart trails, and "private" beach. The market is sluggish for homes and condos in Pointe West, but rentals are doing great. I just talked to a few owners who had great rental incomes. One owner had over $30,000 on his condo, and another have over $50,000 on his beach house. Now is the time to buy as some owners want out and are sacrificing price for a fast sale. Both homes and condos are available; condos and in the low 200's and a beachfront home can be bought for under 600k.
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Jason Keeling can help you with all of your Galveston Real Estate needs. Ryson Real Estate and Vacation Rentals is one of the fastest growing brokerages on the Island.
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That is great rental income. Waterfront homes here can get $30,000-$50,000 per year of rental income as well. But, I am curious why people are wanting to sell?? Especially if the rental market is strong.
many bought for investment and most are unfurnished! hard to believe but true