TIARA ON THE BEACH

CONTEMPORARY AND SOPHISTICATED, Tiara on the Beach will be an architectural gem nestled along one of Galveston Island’s prime locations. The 10-story residential tower is comprised of 63 luxury condominium residences that will offer an amenity-rich lifestyle above and beyond anything on Galveston Island. Spacious and open, the one, two, and three-bedroom homes will feature stunning views of the Gulf of Mexico, distinctive finishes, and the highest levels of design and craftsmanship. This remarkable community, with its unparalleled views and carefully thought-out finishes, allows you to experience a seaside paradise without leaving your home.

The residents will enjoy more amenities than any other community on Galveston Island. They include a fully equipped fitness center, yoga studio, media room, game room with golf-simulator, pool and foosball table, private wine storage and tasting room, private dining room for events, a spectacular infinity edge pool with a lounge deck, hot tub, a dog park, jogging trail, pickleball and fire pits for cocktails and socializing with private access to 300 linear feet of beachfront too.

AT FIRST GLANCE, home prices in River Oaks appear to remain rather flat: The average sales price of homes closed during the first five months of 2023 was just over $3 million, pretty much a carbon-copy of the stats from the first five months of 2022. But looking at the latest data might provide a clue as to where the neighborhood is heading next: The average price of homes sold in June 2023 was $3.2 million, up 15 percent from the June prior. Interestingly, the months inventory — how long it would take to sell all of the homes on the market if sales continued at the current pace, and no more were listed — has climbed to 4.8. The months inventory in all of Houston is just 3.1.