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Called Tiara on the Beach, the $130 million tower reached a key construction milestone on Thursday when the project topped out, meaning the structure hit its highest level. As one of the first new condominium towers built in Galveston in roughly two decades, Tiara on the Beach is a test of whether buyers have an appetite for a new generation of luxury coastal housing on the island.

Galveston's latest luxury high-rise has officially joined the skyline a little ahead of plan. Tiara on the Beach, a 10-story, 63-unit beachfront condominium from Houston-based Satya Inc., has reached its topping-out milestone. Nan and Company Properties is handling marketing and sales for the project.

Houston’s luxury real estate market continues to show strong momentum in 2026, with the five highest-priced homes sold in February averaging more than $10.5 million. Among these notable transactions was 3653 Chevy Chase Drive in River Oaks, represented by Nancy Almodovar, CEO of Nan & Company Properties, as the listing agent. The contemporary estate spans 12,186 square feet on a 0.46-acre lot and was built in 2024 by Layne Kelly Homes. Designed by Houston architects Mark Atkins and JD Bartell, the three-story residence features six bedrooms, eight full bathrooms, four half bathrooms, and luxury amenities including a media room, fitness area, home office, and expansive outdoor living spaces. The property had previously been on the market for more than two years with another brokerage before Nan & Company Properties repositioned the listing. “This sale is a great example of what the right strategy and exposure can achieve in Houston’s ultra-luxury market,” said Nancy Almodovar. “After the home had been on the market for more than two years with another broker, our team repositioned the listing and brought it under contract in less than 30 days.” Houston’s luxury segment continues to outperform the broader housing market. Recent data shows sales of homes priced above $1 million increased 9.5% year over year, reflecting sustained demand for high-end properties across neighborhoods like River Oaks, Memorial Villages, and The Woodlands.

One of the most anticipated projects in Galveston has reached a major milestone. Tiara on the Beach, a 10-story condominium building on the island’s west end, celebrated its topping out March 12. On a cool and sunny day, Ludlow & Associates Construction workers hooked a small tree to a long hoist line, and a crane lifted it onto the structure’s roof to applause from construction workers and guests, symbolizing the completion of vertical construction. Houston-based Nan & Company Properties, which opened a Galveston office in the adjacent Diamond Beach condo development in 2021, markets Tiara on the Beach. Most buyers so far are either from Galveston or the Houston area, Bathija said.