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$847,000

123 E Hibiscus St, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,795 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.21 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available

Exterior

Private PoolPrivate Pool
Lot Size6,251 sqft

Building Information

Year Built1992
Stories2
Roof Type114
Garage Spaces3

Land Information

APN67-6400-1140-0130-00
Lot Number13
SubdivisionPadre Beach Subdivision
Land UseResidential
Legal DescriptionSO PADRE IS - PADRE BEACH SECTION VIII LOT 13 BLK 114
Census Tract012305
Assessed Land Value$225,000
Assessed Improvement Value$560,236
Assessment Year2025

About this property

A newly renovated 5 bedroom/3 bath beach house with private large swimming pool and hot tub. The open living room, dining room and kitchen area makes this house family friendly. There are two downstairs bedrooms and a bath are not connected to the upstairs bedrooms. Three bedrooms upstairs with 2 baths. New Windstorm compliant doors, window and garage door installed in 2016. Outdoor spaces include north and south facing balconies and a covered poolside patio with a work area for barbecuing. Two very large locked owner's closets with shelving. This house is 1795 sq feet with the additional bedroom downstairs recently added. Great investment property or a wonderful place to raise a family.

Investor Tools

Property Icon
$847,000
Estimated Property Value
$0Estimated Mortgage Balance
$847,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,082 /month
Positive
Cash Flow Estimate:
$1,694 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,466/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,354
$785,236
2025
$225,000
$560,236
$785,236
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,354
$785,236

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$847,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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123 E Hibiscus St | Property Details | No Agent List