galveston island

Luxury Condos Up For Auction In Galveston

Filed under: Auctions, Real Estate Developments

I've written about the Palisade Palms project in Galveston since 2008. Back then, all aflush with condo optimism, the two towers on Galveston Island were selling for $500,000 - $1.6 million. Flash forward to now and have we got a deal for you. On June 6, 27 condos will be auctioned off in an "inventory reduction" that has sellers naming their own price.

Prior to Hurricane Ike the condos were selling briskly but after the hurricane and the subsequent real estate slump sales slowed to a crawl. The Kennedy Wilson Auction Group is running the sale and starting bids will range from $125,000 to $375,000. The two towers have panoramic views over the Gulf of Mexico and amenities include two pool areas with spa hot tubs, a plaza deck with a fire pit, fitness center, tennis court, media lounge, private party room, gazebo, concierge service and more.

[via KHOU]

Tags: condo auction, galveston, galveston island, palisade palms, texas real estate

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Palisade Palms, High Rise Condo Life on Galveston Island

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

Fear of hurricanes isn't stopping big building on Galveston Island in Texas. The Palisade Palms currently consists of two modern curvilinear towers with panoramic views over the Gulf of Mexico. The Palisade Palms is the first "on the beach" condominium to be built on Galveston Island in more than 20 years and the 27-story towers offer easy access to the surf and sand of East Beach. The 288 units range from 1,000 to 3,000 square feet. Amenities include two pool areas with spa hot tubs, a plaza deck with a fire pit, fitness center, tennis court, media lounge, private party room, gazebo, concierge service and more.

KHOU has a video on the project and reports that the project is already 95% sold out and that the developers are making plans to build six more towers next door. The units have been selling from $500,000 - $1.6 million.

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Tags: condo, condominium, galveston island, GalvestonIsland, texas