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2021 Strand St, Galveston, TX, 77550

1beds
1baths
44,104sqft
$14,988,950
$340price/sqft
$103,437/moest. monthly cost
$4,137,480/yrincome needed

About This Home

Located on the historic Galveston Strand, the J.W. Jockusch Building, the E. B. Nichols Building, and the J.D. Rogers Building, are being made available for acquisition. With a combination of dining establishments, retail storefronts, numerous banquet halls, and short-term rentals, this property has multiple streams of revenue, and room for expansion. Able to handle corporate events, this is an ideal location for industry titans looking to expand their real estate portfolio while the potential for healthy cap rates tickle the fancy of investors looking for asset growth. With over 44,000 sq. ft. the three buildings, with balconies overlooking The Strand,, each carry a well-chronicled history that provides the perfect background for a discerning buyer looking to acquire an inimitable asset that produces a healthy cash flow and has seen a constant increase in value over the years. 210 Moody, 2021 Strand, and 2015 Strand make up this extraordinary parcel with an unparalleled pedigree.

Getting Around

85
WalkingVery Walkable
0
TransitVery Limited Transit
74
BikeVery Bikeable

Schools

5/10
AIM College & Career PrepGrades 7-122.4 mi
5/10
Ball High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1857

Materials

  • Roof: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range,Disposal,Microwave,Dishwasher,Refrigerator
  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator
  • Window features: Window Coverings
  • Flooring: Carpet,Concrete,Tile,Wood,Hardwood

Heating & Cooling

  • Heating features: Electric,Natural Gas,Zoned
  • Cooling features: Ceiling Fan(s),Electric,Zoned

Interior Area

  • Total structure area: 44,104
  • Total interior livable area: 44,104 sqft

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 350506200002001
  • Exclusions: See Listing Agent

Features

  • Stories: 3
  • Patio & porch: Patio
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Bay,Water
  • Has water view: Yes
  • Water view: Bay,Water

Lot

  • Lot size: 0.47 Acres
  • Features: Corner Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Hurricane
Tornado
Tsunami

FEMA Declared Disasters Across Texas Counties

Flood
Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $75,792$909,504
Home Insurance *$5,316$63,792
Property Taxes $17,487$209,844
Electricity $4,842$58,114
Total$103,437$1,241,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,546,411/yr
40% on housing$3,103,110/yr
45% on housing$2,758,320/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$340This listing

vs Other Active Listings

Avg $/sqft

ZIP 77550$201
Galveston County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 77550$212
Galveston County$165

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-07-28Listed for sale$14,988,950

For Sale by Agent

AgentDavid Atkins
BrokerageMartha Turner Sotheby's International Realty

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