Michael Cordray is a well-known figure in the world of home renovation, particularly famous for his work on the HGTV show Restoring Galveston. Alongside his wife, Ashley Cordray, Michael has built a successful career focused on reviving historic homes in Galveston, Texas. Their dedication to preserving architectural heritage has won them a loyal following. Many fans and real estate enthusiasts are curious about Michael Cordray’s net worth and the factors contributing to his financial success.
In this article, we’ll explore Michael Cordray’s background, career, income sources, and estimated net worth. We’ll also discuss how his expertise in home restoration has translated into business success and financial stability.
Who is Michael Cordray?
Michael Cordray was born and raised in Texas, developing an early appreciation for architecture and restoration. He graduated from Texas A&M University at Galveston, where he met his future wife, Ashley. The couple shared a passion for bringing old homes back to life, leading them to start their own renovation business, Save 1900.
Michael and Ashley gained recognition for their meticulous work in restoring historic homes with authenticity and attention to detail. Their skills eventually caught the attention of TV producers, leading to their show Restoring Galveston (formerly known as Big Texas Fix).
How Did Michael Cordray Build His Net Worth?
Michael Cordray’s net worth is built on multiple income streams. Let’s explore the key sources of his earnings:
1. Television Earnings from Restoring Galveston
Michael and Ashley Cordray’s rise to fame began when they were approached to host their own show on HGTV. Restoring Galveston follows the couple as they purchase, renovate, and restore historic homes in Galveston, Texas.
Reality TV stars typically earn a significant sum per episode, and given the show’s popularity, Michael Cordray likely receives a considerable paycheck from his television appearances. While exact figures are not publicly available, industry estimates suggest that home renovation hosts on similar HGTV shows can make anywhere between $10,000 to $50,000 per episode.
Since Restoring Galveston has aired multiple seasons, the earnings from the show have been a consistent source of revenue for Michael and Ashley. Additionally, the publicity from the show has helped boost their renovation business and real estate ventures, indirectly contributing to their growing wealth.
2. Profits from Save 1900
Save 1900 is the business that Michael and Ashley Cordray established to buy, restore, and sell historic homes. The company has been highly successful in transforming rundown properties into stunning, market-ready homes.
House flipping can be extremely lucrative, especially when dealing with historic properties in desirable locations. The Cordrays’ unique ability to enhance home value while preserving original architectural elements makes their properties highly sought after.
Beyond just flipping homes, Save 1900 has built a reputation as an expert in historic preservation, which allows them to charge premium prices for their restored homes. Their eye for detail, craftsmanship, and commitment to authenticity make their work stand out, attracting buyers who appreciate high-quality restorations.
3. Real Estate Investments
Beyond their renovation projects, Michael and Ashley also invest in real estate. Holding onto some of their restored properties as rental homes or vacation rentals adds to their revenue stream.
Galveston is a popular tourist destination, and short-term rentals in well-renovated historic homes can generate substantial passive income. This investment strategy contributes significantly to Michael Cordray’s net worth.
Additionally, the couple has been known to invest in commercial properties, further diversifying their real estate portfolio. By leveraging their knowledge of property values, renovation costs, and market trends, they have successfully built a sustainable income from real estate investments.
4. Other Business Ventures
In addition to home renovation and real estate, the Cordrays have expanded into other ventures. One of their notable projects includes the revival of Cordray Drug Store, a historic building they converted into an ice cream shop. This business further diversifies their income and reinforces their commitment to community restoration.
Expanding into the food industry has allowed them to tap into a different market, attracting both locals and tourists who appreciate historic preservation. The success of Cordray Drug Store shows that their expertise in restoration extends beyond homes and into commercial properties, adding yet another revenue stream to their growing empire.
5. Merchandising and Brand Partnerships
Many home renovation personalities leverage their fame to launch merchandise, endorsements, or brand collaborations. While Michael Cordray has kept his business model focused on real estate, there’s potential for future brand deals or sponsorships related to home restoration.
A possible next step for the Cordrays could include launching a home improvement product line, such as custom-made fixtures, paints, or furniture that reflect their signature historic aesthetic. This would not only enhance their brand but also provide another significant revenue source.
Estimated Net Worth of Michael Cordray
So, how much is Michael Cordray worth?
While there are no official reports on his exact net worth, estimates suggest that Michael Cordray’s net worth is between $3 million to $5 million as of 2025. This estimate is based on his television earnings, business profits, and real estate investments.
Compared to other HGTV stars, his net worth is impressive but modest. However, given the continued success of Restoring Galveston and his expanding real estate portfolio, his wealth is expected to grow.
The Future of Michael Cordray’s Wealth
Michael and Ashley Cordray show no signs of slowing down. With the rising popularity of home restoration content and the increasing demand for historic properties, their business is poised for further success.
Some potential future income streams that could increase Michael Cordray’s net worth include:
- Expanding Save 1900: Growing their business to take on more projects beyond Galveston.
- Launching a Home Renovation Course or Book: Sharing their expertise through educational content.
- Real Estate Development: Venturing into larger-scale development projects or boutique hotels.
- More Television Opportunities: Expanding their media presence with additional shows or digital content.
- Licensing and Branding: Partnering with home improvement brands for product endorsements.
Lessons from Michael Cordray’s Success
Michael Cordray’s journey provides valuable lessons for aspiring home renovators and entrepreneurs:
1. Follow Your Passion
Michael and Ashley turned their passion for historic homes into a thriving business. Doing what you love can lead to long-term success.
2. Invest Wisely in Real Estate
The Cordrays carefully select properties with strong potential for appreciation. Smart investments can generate both active and passive income.
3. Embrace Hard Work and Perseverance
Restoring old homes is not easy. Their dedication and hands-on approach set them apart in the industry.
4. Build a Strong Brand
By staying true to their mission and craftsmanship, Michael and Ashley have built a trusted brand in home restoration.
See Also: networthhub.org
Conclusion
Michael Cordray’s net worth reflects his hard work, passion, and business acumen in the world of home renovation. From Restoring Galveston to his real estate ventures, he has successfully turned his love for historic preservation into a multi-million dollar career.
As his business continues to grow, Michael Cordray’s financial success is expected to rise even further. His journey serves as an inspiration to those looking to enter the world of real estate, home restoration, or entrepreneurship. Whether you’re an aspiring house flipper or just a fan of Restoring Galveston, there’s plenty to learn from Michael Cordray’s story.
If you’re interested in learning more about home restoration or real estate investment, stay tuned for more insights and tips on how to build your own success story!
