Island Sky CEO Jason Caraway and a rendering of 1228 N Redfish Street in Crystal Beach (Blackdog Renderings Inc, LinkedIn)
The Bolivar Peninsula could get its first condominium community soon.
Austin-based Island Sky Investments bought 3 acres in Crystal Beach to build a 32-unit gated community overlooking Galveston Bay, the Houston Business Journal reported. Dubbed the Pearl of East Marsh, the approximately $15 million development totals about $468,750 per unit. The project will replace an RV park at 1228 North Redfish Street.
Island Sky acquired the land in November, and it was valued last year at $1.39 million, according to the Galveston County Appraisal District.
The condos will be priced from $599,000 to $650,000, with a homeowners association covering landscaping and maintenance.
A rendering of 1228 N Redfish Street in Crystal Beach (Blackdog Renderings Inc)
Plans call for eight three-story buildings, each with four two- and three-bedroom units. Buyers could also take an entire floor to create five-bedroom units. The condos, which will range from 1,100 to 1,200 square feet, will be located on the second and third floors, with ground-level parking lots and garages.
A resort-style swimming pool, fishing pier and boardwalk equipped with boat slips are also planned.
South Customs Design is serving as general contractor, and Marcus Rives Designs is handling the unit designs. The project is expected to be completed by the end of the year.
A rendering of 1228 N Redfish Street in Crystal Beach (Blackdog Renderings Inc)
“Bolivar has experienced a lot of growth since Covid started — it really woke that area up, and a lot of people are now discovering Bolivar and how nice it is over there — and it’s quiet, and it’s a great place for families, a great place to get away,” Island Sky Investments CEO Jason Caraway told the outlet. “It’s time to start bringing some new products there, some different things and different options for people.”
The development will be built according to new building codes that were put into place after Hurricane Ike destroyed most of the structures in the area. Buildings now have to be more storm- and flood-resistant.
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