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Owner Contacts

$251,000

NAL Estimated Property Value

1140 Marina Bay Drive 120b, Kemah, TX, 77565

Off Market

2 Beds

3 Bath

1,177 Sq Ft

Condos / Townhouses

$191.08 / sqft

Built in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 3

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven, Oven

FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBalcony, Boat Slip

Lot Size1,176 sqft

Building Information

Year Built1985

Stories1

Roof Type105

Land Information

APN5185-0002-0120-000

SubdivisionMoon Caye Condominiums (2001) Abst 18

Land UseResidential

Legal DescriptionMOON CAYE CONDOMINIUMS (2001) ABST 18 UNIT 120 BLDG B & 2.9124% INT IN COMMON ELEMENTS

Census Tract721503

Assessed Land Value$14,348

Assessed Improvement Value$205,625

Assessment Year2025

About this property

Awesome 2 Bedroom, 2.5 Bath Condo on Clear Lake includes a 30 ft BOAT SLIP! Spacious Condo has 1 Balcony with LAKE VIEWS & 2nd Balcony with views of the POOL & Landscape. Family Room features a Stunning Stacked Austin Stone Wall, Wood-Burning Fireplace & Patio Doors to the Balcony with Pool Views. The Spacious Dining Room has a Balcony with Views of the MARINA & LAKE. The Family Room & Dining Room have Easy-Care Luxury Vinyl Plank Flooring. The Kitchen has Beautiful Tile Flooring, Granite Counters, Reverse Osmosis Water System & Glass Subway Tile Back Splash. Both Bedrooms have private EnSuite Baths. New AC/Heat installed 2023. High Capacity Water Heater installed 2020. Moon Caye Condos have Unique Architecture & Windows and Grounds are Well-Maintained by the HOA. Included are 2 Covered Assigned Parking Spots & Private Storage Space. Great Location near all the KEMAH Activities. Favorite Restaurants & Coffee Shops within Walking Distance. Relaxing WATER FRONT LIVING awaits!

Investor Tools

$251,000

Estimated Property Value

$126,806Estimated Mortgage Balance

$124,194Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,506 /month

Positive

Cash Flow Estimate:

$502 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$167/month

$403/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$753

$201,124

2025

$14,348

$205,625

$219,973

Tax History

Year

Tax Paid

Assessed Value

2024

$753

$201,124

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Primelending

Conventional

$146,700

First

Jul 30, 2019

Aug 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$126,806

$124,194

49%

51%

$880/mo

Learn About the Market: Opportunity in Texas

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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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