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$699,000

NAL Estimated Property Value

103 E Palmetto Drive B, South Padre Island, TX, 78597

$908,700 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,335 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$299.36 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListMove-In Ready

About this property

INVESTOR OPPORTUNITY! NO HOA FEES! STR ALLOWED! PLUS...Upgrades galore! Quartz countertops, gray glass subway backsplash, quartz vanities, tankless hot water heater, new AC 2023, vinyl plank flooring in the primary bedroom, HUGE backyard with room for a pool, beach decor and all furnishings covey! Own Your Piece of Paradise or have your own Turn-Key Vacation rental business! Unit rents out for winter and all summer! This stunning tropical home is just approximately 1/2 block from the beach, fully furnished. Use your own management or manage the property yourself! Property Features 2,335 sq ft fully furnished two-story home in a desirable beach community, approx.one-half block from the beach. Abundant natural light fills this 3 Bed, 2.5-bath townhome. It boasts an oversized 2-car garage w/expansive driveway, tile flooring, Quartz countertops, spacious bedrooms, 2 balconies, 1 covered patio & a full patio, primary bedroom w/ private balcony, ceiling fans & window treatments Walk to the beach, restaurants, shopping, and more! Other Features include mature landscaping, 2 Newer AC Units, tankless water heater, laundry room, security system, jetted tub, cathedral beam/vaulted ceilings, glass subway tile, open-concept living area, & bonus room. Buyer to verify all information.

Investor Tools

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$908,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: South Padre Island

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103 E Palmetto Drive B | Property Details | No Agent List