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$125,000

1021 S Water Street 109, Rockport, TX, 78382

$128,950 ARVInfo
On MarketInfo
Beds1 Beds
Baths1 Bath
Baths306 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$408.5 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock

Building Information

Year Built1986

Land Information

APN7468-109
SubdivisionLaguna Reef Condominiums
Land UseResidential
Legal DescriptionLAGUNA REEF CONDOMINIUMS, UNIT 109, & UND 0.706% INT. COMMON ELEMENTS
Census Tract950400
Assessed Land Value$22,010
Assessed Improvement Value$107,900
Assessment Year2025

About this property

Studio Condo at Laguna Reef – Rockport, TX Welcome to Laguna Reef Condominiums, where coastal charm meets unbeatable convenience in the heart of Rockport’s Cultural Arts District. This fully furnished studio condo offers a rare opportunity for effortless waterfront living or short-term rental income — all just steps from Aransas Bay. Property Highlights: Studio layout with sleeping space for 4 guests Full bathroom with tub/shower combo Kitchenette with mini fridge and microwave Private patio Air conditioning, WiFi, and flat-screen TV included Walkable to downtown shops, restaurants, and art galleries Community Features: Bayfront pool and hot tub overlooking Aransas Bay Private, lighted fishing pier – over 1,000 ft long On-site laundry facilities Prime location near Rockport Beach and downtown events Whether you're looking for a serene weekend retreat, a vacation rental investment, or a low-maintenance coastal home base, this turnkey studio delivers both value and views.

Investor Tools

$104,409Estimated Mortgage Balance
$25,501Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$128,950
Rent-to-Value Ratio: 0.72%
Rent Estimate
$779 /month
Positive
Cash Flow Estimate:
$260 /month

Interested in this property?

Dana Kisel

Phyllis Browning Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
$320/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,082
$129,910
2025
$22,010
$107,900
$129,910
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,082
$129,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank Lexington
Conventional
$106,250
No
First
Apr 12, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,409
$25,501
19%
80%
$799/mo

City: Rockport

1021 S Water Street 109 | Property Details | No Agent List