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$373,000

NAL Estimated Property Value

111 E MORNINGSIDE DR. 209, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
price_per_sqft$317.31 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,498 sqft

Building Information

Year Built1988
Stories1
Roof Type114

Land Information

APN67-6910-0020-0209-00
SubdivisionPadre Oasis Condominiums
Land UseResidential
Legal DescriptionUNT 209 BLD 1 PADRE OASIS CONDOMINIUMS PLUS 3.333 % INT IN COM AREA (LOTS 7-12BLK 179 FIESTA ISLES)
Census Tract012305
Assessed Land Value$54,000
Assessed Improvement Value$301,000
Assessment Year2025

About this property

This beautifully remodeled, turn-key 2-bed/2-bath condo at Padre Oasis is the ONE you've been waiting for! Featuring stainless steel appliances, reverse osmosis system, newer water heater (2023), and AC unit (2020), this home is fully equipped for comfort and convenience. All furnishings, decor, and linens thoughtfully curated and less than 2 yrs old. Perfect home-away from home or income-producing property. Enjoy sleek white tile flooring throughout the bedrooms and stylishly updated bathrooms.The kitchen comes fully equipped and opens to the dining/living area—perfect for relaxing or hosting guests.Step outside to your expansive 10' x 25' semi-private balcony with lush tropical views overlooking Turtle Park and pool/hot tub—a peaceful spot to unwind and soak in the island vibes. Additional features include 2 elevators, 1 assigned parking space, and 2 handicap-access ramps. Well-maintained complex, just steps from the beach, with a fiscally sound HOA and a dedicated on-site manager.

Investor Tools

Property Icon
$373,000
Estimated Property Value
$0Estimated Mortgage Balance
$373,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,238 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$659/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,037
$355,000
2025
$54,000
$301,000
$355,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,037
$355,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$373,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
N/A
+$1,300/mo
4.2%

City: SOUTH PADRE ISLAND

111 E MORNINGSIDE DR. 209 | Property Details | No Agent List