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$770,000

NAL Estimated Property Value

109 Dewdrop St, Port Aransas, TX, 78373

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size4,704 sqft

Land Information

APN1626-0001-0080
Lot Number8
Land UseVacant Lots & Tracts
Legal DescriptionCINNAMON SHORE SOUTH UNIT 6 BLK 1 LOT 8
Census Tract006205
Assessed Land Value$623,700
Assessment Year2025

About this property

Offered below Nueces County Appraised Value of $661,500! Build your dream coastal retreat in one of the most desirable locations within Cinnamon Shore South. This exceptional waterfront homesite offers stunning lake views and easy access to the nearby fishing pier—ideal for quiet mornings by the water or gathering with friends and family outdoors. Across the street, three beautifully landscaped parks provide additional green space to picnic, play, or simply relax in the coastal breeze. Future development nearby includes what will become the largest pool and restaurant complex in all of Cinnamon Shore, adding even more value and convenience to this sought-after location. The Coastline Crossover offers a direct route to the beach, allowing easy access to sun, surf, and shoreline adventures. Positioned along Sundown Lake, the community’s second largest water feature, this area is bordered by wooden boardwalks, fishing pavilions, and a lakeside fire pit—creating a tranquil setting for homeowners and guests alike. Cinnamon Shore South is renowned for its resort-style amenities, coastal architecture, and relaxed sophistication, making this lakeside enclave one of the most desirable destinations along the Texas coast. Included with the sale are custom architectural plans designed with a Cinnamon Shore–approved builder, allowing buyers to save time and move seamlessly into the build phase. The home design features six bedrooms and six bathrooms, including four king suites, an optional den or office, and a spacious bunk room with eight extra-long bunks—ideal for accommodating guests or maximizing short-term rental income potential. Expansive covered porches, large common areas, and open-concept living spaces were thoughtfully planned to embrace indoor-outdoor living and capture the best of the lake views. This rare opportunity combines location, lifestyle, and design in one of Port Aransas’s most exclusive coastal communities—ready for your vision to come to life.

Investor Tools

Property Icon
$770,000
Estimated Property Value
$309,181Estimated Mortgage Balance
$460,819Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,620 /month
Positive
Cash Flow Estimate:
$1,540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,030/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,505
$623,700
2025
$623,700
N/A
$623,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,505
$623,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of America
Conventional
$321,750
No
First
Feb 23, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,181
$460,819
59%
40%
$1,930/mo

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: Port Aransas

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109 Dewdrop St | Property Details | No Agent List