Texas-based Legend Communities, experts in managing waterfront property developments, today named NAN Properties Developer Services the exclusive listing agent for its approximately 70-unit condominium development, The Residences at Tiki Island. The high-end mixed-use luxury project is located on Tiki Island near Galveston and will also include eight villas, a marina with restaurant, and boathouse storage for over 200 boats.
“This is our second development in the Galveston area, and it is going to be extraordinary,” said Legend Communities Founder and CEO Haythem Dawlett. “There is nothing else like it on Tiki Island, and we anticipate demand to be unprecedented because nothing else resembles it.”
Legend Communities is in the final stages of design and has begun obtaining building permits for the exclusive waterfront resort. Set for groundbreaking in 2022, The Residences at Tiki Island will offer approximately 70 luxurious one-, two-, three-, and four-bedroom condominium homes, ranging from 1,200 to more than 3,000 square feet. The top two floors will feature two-story penthouses with elevators included in the floor plans.
“The Residences at Tiki Island will offer boat owners a dream opportunity to not only accommodate their vessel onsite but enjoy the many amenities all just steps away from their residence on the six-acre development,” said Betty Harbourt who leads NAN Properties Developer Services Division. “The plans leverage a resort environment and The Residences of Tiki Island will be exclusive to homeowners and with no short-term rentals. We are thrilled to have been chosen to bring these premier condominiums to market.”
Owners are expected to have access to a state-of-the-art fitness center, a resort-style pool, an outdoor kitchen and lounge area, and a dog park. It will be a golf cart-friendly community, with walkability, boat valet to accommodate easy water access, and enchanting bay views. Project completion is anticipated in approximately summer 2024. Condo pricing starts in the $800s.
NAN Properties Developer Services expects to open an on-site sales office at The Residences at Tiki Island by December 2021. Interested buyers visiting the sales office will be able to view detailed renderings, floor plans and a selection of luxury finishes.
“We are honored to have been awarded this project which will be the first condominium property on Tiki Island and the first new construction development for the area in over 11 years,” said NAN Properties Developer Services CEO and President Nancy Almodovar.
In addition to The Residences at Tiki Island many other exceptional features are planned. Legend has added eight luxurious, spacious waterfront villas to the project plans. They will have upscale finishes similar to those in the condominiums and will share the same amenities. Legend plans to install dumbwaiters in each residence to help owners easily convey groceries and packages from their cars into their homes. The design also includes backup generators for each villa into the overall plans. Comiskey Realty is the exclusive listing agent for the Villas, and prices will start at $1 million-plus.
The resort amenities currently planned include:
- a boardwalk and pedestrian site for neighborhood connectivity;
- a dry boat storage to house 200-plus boats on four levels;
- a 6,500 -square-foot waterfront restaurant with indoor and outdoor seating;
- a waterfront ship’s store with retail space;
- marina rental slips and guest slip area for the restaurant and ship’s store; and
- parking for cars and golf carts.
Tiki Island is a located between Galveston and the south Texas coast. A town of only 1.5 square miles, the Village of Tiki Island is five miles north of Galveston and only 45 miles south of downtown Houston via IH-45. Originally a small fishing camp, Tiki Island evolved into a place for weekend homes and then into a village that was incorporated in 1982.It is comprised of upscale, primarily waterfront homes. The most recent population count shows that Tiki Island had a population of 1,068 and 482 households, many of whom are affluent retirees and second homeowners.
The Residences at Tiki Island will be a unique, upscale environment for full-time residents, retirees and families seeking a second home in a resort setting. The premier location offers proximity to Houston, the third-largest city in the nation; a convenient locale for boaters and offshore fishing enthusiasts; and direct access to the Intracoastal Waterway. Just a 15-minute drive from Galveston, residents will have access to great shopping and the finest medical care at The University of Texas-Galveston Medical Branch.
“This will be a place where year-round residents will feel like they’re always on vacation,” said Dawlett. “Both condo owners and villa owners will enjoy a coveted lock-and-leave lifestyle in a truly stunning, one-of-a-kind setting that’s ideal for anything from intimate dinners or large gatherings of families and friends.”
To learn more about The Residences at Tiki Island please visit http://www.residencesattikiisland.com/.
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About The Residences at Tiki Island
Located on Tiki Island and five miles north of Galveston and 45 miles south of downtown Houston, Tiki Island Residences and Boathouse Resort is scheduled to break ground in 2022. The luxury six-acre waterfront community plans include The Residences at Tiki Island a 70-unit condominium development, The Villas at Tiki Island encompassing eight luxury waterfront villas, a waterfront restaurant, ship store, boathouse and marina rental slips. Managed by Legend Communities, condo pricing starts in the $800s and villas start at $1M. To learn more about the community please visit http://www.residencesattikiisland.com/.
About Legend Communities
Headquartered in Austin, Texas, Legend Communities is a full-service development manager of single-family residential, multi-family residential, active adult communities and associated commercial projects in Central Texas, California and Colorado. Legend Communities and its affiliate company in California have earned recognition for their projects from several highly regarded local and national industry associations, including the U.S. Department of Housing and Urban Development (HUD), the Urban Land Institute (ULI), the National Association of Home Builders, and the City of Austin Green Builder Program. The company emphasizes giving back to the communities in which it operates through business, civic and charitable contributions. For more information about Legend Communities, please visit www.LegendCommunitiesinc.com.
About NAN Properties Developer Services
Nan and Company Properties, founded by Nancy Almodovar in 2014, is a real estate firm that modernizes the buying and selling experience by cultivating a culture of communication, innovation, and integrity. Nan is the exclusive Christie’s International Real Estate affiliate as well as an affiliate of Leading Real Estate Companies of The World (LeadingRE). In 2020, Nan launched an exclusive division of Nan Properties Developer Services (NPDS) furthering their expertise services to developers and their projects. NPDS provides developers a comprehensive and a strategic approach to program development, building and floorplan livability, and dedicated sales and marketing oversight from launch and to closings.
