That house may not survive
With the reshaping of Galveston Island, that house may now be on public land (defined as the limit of high tide). Meanwhile, the insurance industry has not improved after Katrina, with the ability to collect on your lost house in limbo with your flood policy holder saying you lost your house to wind, and your wind policy holder saying it was flooding. All they have to do is preserve the status quo, i.e., they have your money, and you have no house.
My first honeymoon was at a friend's house in Pirate's Beach (college student, and tapped out all my savings on a wedding night room at the Houstonian). It, and all the rest, are gone. I agree - it may be time to make at least the West End of the island a new seaside state park.