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    1301 Market St Galveston, TX 77550

    For Sale
    $1,799,000

    Luxury 1916 Mediterranean Villa, prime location.

    Property size:
    6,553 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This stunning 1916 Mediterranean Italian Villa-style hotel, located in Galveston's East End Historic District, presents a unique investment opportunity. The 6,553 square foot stucco residence boasts meticulous craftsmanship and exquisite detailing throughout its three levels. Interior features include hardwood floors, an elevator, five bedrooms, five and a half bathrooms, and a gourmet kitchen opening to a large breakfast area. The property also offers a wealth of outdoor amenities, including a refreshing pool, multiple seating areas, lush landscaping, custom patios, and porches, all enhancing the luxurious ambiance. An attached two-car garage provides convenient parking, supplemented by additional covered spaces. The property sits on a 15,244 square foot lot and is ideally situated within walking distance of the cruise terminal, making it perfectly suited for vacation rentals or continued operation as a high-end hotel. The asking price is $1,799,000, translating to $274.53 per square foot. This exceptional property offers a rare blend of historical charm, modern amenities, and prime location, representing a compelling investment prospect. The architectural masterpiece features paneled walls, crown molding, and arched windows with plantation shutters, allowing ample natural light to illuminate the elegant interiors. This is a truly extraordinary dwelling that must be seen to be fully appreciated.

    Property Features for 1301 Market St

    General Information

    Property type
    Hotels
    Square Feet
    6,553 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • 1916 Mediterranean Italian Villa in Galveston's East End Historic District.
    • 6,553 SF stucco residence with meticulous craftsmanship.
    • Features hardwood floors, elevator, 5 bedrooms, 5.5 baths, gourmet kitchen, & large breakfast area.
    • Outdoor amenities include a deck, patios, porches, pool, landscaping, & multiple seating areas.
    • Attached two‑car garage plus additional covered parking.
    • Walkable to the cruise terminal; ideal for vacation rentals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Hodge Law Firm, ... Insurance Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.782693102791
    Latitude
    29.308340532112

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    FAQs

    What type of property is this?
    Hotel - Luxury 1916 Mediterranean Villa, prime location.
    Where is this hotel located?
    The property is located at 1301 Market St Galveston, TX.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: 1916 Mediterranean Italian Villa in Galveston's East End Historic District.; 6,553 SF stucco residence with meticulous craftsmanship.; Features hardwood floors, elevator, 5 bedrooms, 5.5 baths, gourmet kitchen, & large breakfast area.
    Request Owner's contact information
    1301 Market St Galveston, TX 77550
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    Galveston, TX 77550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301 Market St Galveston, TX 77550
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