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$267,000

123 E MORNINGSIDE DR., SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths680 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$183.82 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size1,041 sqft

Building Information

Year Built1985
Stories1

Land Information

APN67-5990-0101-0000-00
SubdivisionMorningside Place Condominium (Fka Morni
Land UseResidential
Legal DescriptionMORNINGSIDE PLACE CONDOMINIUM BLD C UNT 0101 PLUS 5.5555556 % INT IN COM AREA (AMEND VOL 2182 PG 80 FILED 10/30/1992)(VOL 22
Census Tract012305
Assessed Land Value$37,500
Assessed Improvement Value$150,130
Assessment Year2025

About this property

UPDATED ONE BEDROOM CONDO with EVERYTHING NEW!!! (NEW kitchen, windows, front door, tile flooring, light fixtures, wall texture, plumbing, A/C unit & DUCTS, tankless water heater, sinks, hardware, built-in bunk beds, bathroom, toilet, shower, interior doors, window blinds, appliances, furniture), low HOA dues, and much more. You will be amazed at how nicely this beach condo has been updated. CLOSE TO THE BEACH AND COMPLEX HAS A POOL!! The furniture conveys with the sale but the owner would like to keep the two small TV'S and some personal items. MUST SEE!

Investor Tools

Property Icon
$267,000
Estimated Property Value
$0Estimated Mortgage Balance
$267,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,602 /month
Positive
Cash Flow Estimate:
$534 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,191
$187,630
2025
$37,500
$150,130
$187,630
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,191
$187,630

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$267,000
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 MORNINGSIDE DR. | Property Details | No Agent List