Here's a question worth asking yourself: what does $325,000 actually get you on the Texas Gulf Coast right now?

In a lot of cases, you're looking at a fixer with a laundry list of "opportunities." You're squinting at listing photos trying to figure out if that's water damage or a shadow. You're doing math in your head about what it'll actually cost to get the place livable.

115 Doubloon Drive isn't that house.

This is a thoughtfully updated, turnkey coastal cottage in the Treasure Island subdivision of Freeport, TX — sitting on the highest-elevation lot in the neighborhood, with water views, flexible income potential, and move-in-ready condition. At $325K, it's one of the more honest values on this stretch of Brazoria County coastline.

 

What You're Getting at 115 Doubloon Drive

Built in 1982 and updated where it counts. This isn't a gut rehab waiting to happen — it's a property that's already done the work. Here's what comes with it:

• 2 bedrooms + large loft (queen-bed-ready)
• Full bath upstairs — fully remodeled
• Open-concept kitchen/living layout
• High ceilings throughout
• Vinyl plank flooring (easy-care, rental-friendly)
• Ground-level workshop with half bath
• Balcony with Gulf, bay, and canal views
• Outdoor shower at rear
• Raised foundation — highest ground in neighborhood
• Electric fireplace
• Fully furnished + appliances included
• Washer and dryer included

Location: What "Treasure Island" Actually Means

Treasure Island is a small coastal community in Freeport, TX, just off Bluewater Highway (TX-332) in Brazoria County — roughly an hour south of Houston via Hwy 288.

What that means practically: minutes to Surfside Beach, the Gulf, and Galveston, close to the Intracoastal Waterway for boating and fishing, near the Brazoria National Wildlife Refuge — one of the best birding destinations on the entire Texas coast — and an easy day-trip or weekend-escape distance from Greater Houston, Sugar Land, and Pearland.

This part of the Gulf Coast corridor — Surfside Beach to Treasure Island — is what Carter Signature Properties knows best. We're the largest island brokerage on this stretch of coast, and we can tell you honestly: a property at this price point, with these features and this location, doesn't sit on the market forever.

The Loft Question (And Why It Matters for Rentals)

Here's where it gets interesting for anyone thinking about short-term rental income.

The listing shows 2 bedrooms, but the loft is large enough to sleep guests comfortably — giving you three sleeping spaces on paper that markets as a 2/2. For vacation rental platforms, the ability to sleep more guests often drives more bookings at a higher nightly rate.

To be straight with you: short-term rental income is never guaranteed, and this coastal market has seen longer average days on market in 2025–2026. But for buyers with a long view — a property in solid condition, on the highest ground in the neighborhood, at a greate price — the fundamentals still hold.

Why This Property Stands Out in a Crowded Market

Elevation Matters on the Coast

The raised foundation plus the highest-ground position in the neighborhood is a meaningful feature — not just a talking point. On a barrier island and coastal subdivision, where you sit relative to surrounding lots matters.

The Loft Adds Real Flexibility

Whether that's a home office, a third sleeping space, or a dedicated rental sleeping room — you have options a standard 2/2 box doesn't give you.

It's Genuinely Move-In Ready

Not "move-in ready with a few things to address." Actually ready. Appliances included, furnishings included, outdoor shower, workshop, all of it.

The Price Is Honest

At $325,000, this is one of the more fairly positioned properties in Treasure Island right now. No inflated ask waiting for a price cut — this is where it's priced to move.

Frequently Asked Questions