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$262,000

NAL Estimated Property Value

124 E BAHAMA ST. 7, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths641 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$366.61 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,111 sqft

Building Information

Year Built2000
Stories1
Roof Type114

Land Information

APN67-6404-0020-0070-00
Lot Number25
SubdivisionSea Dancer Condominiums
Land UseResidential
Legal DescriptionUNT 7 BLD 2 SEA DANCER CONDOMINIUMS PLUS 5.93 % INT IN COM AREA (PBEACH SEC VI LOT 25 BLK 83, DEC 6168-252, 3/15/00)
Census Tract012305
Assessed Land Value$40,028
Assessed Improvement Value$167,267
Assessment Year2025

About this property

Virtual Tours & More - bit.ly/seadancer7 One of the island's most desirable condo complexes, your new island home is less than 275 yards from the beach! The open concept layout feels bright & breezy, with elevated ceilings, crown molding, & a lighted art niche that's perfect for your favorite beach art. Tile flooring throughout keeps things cool. The bedroom is a comfortable retreat, the perfect place to recharge after a long day of fun. Ample closet space means there's room for your favorite beach outfits. Breathe in the coastal air, & enjoy the ease of island living on the balcony. A tankless water heater means no fighting over who used all the hot water, & the new AC system keeps the entire space cool and comfortable. The pool offers a less crowded experience since it's shared by only 12 units, a great spot to spend an afternoon with a good book. You'll also have 2 assigned tandem parking spaces & convenient on-site laundry. This one makes it easy to settle into the island vibe!

Investor Tools

Property Icon
$262,000
Estimated Property Value
$80,106Estimated Mortgage Balance
$181,894Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$403/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,525
$207,295
2025
$40,028
$167,267
$207,295
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,525
$207,295

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Service Fcu
Arm (Adjustable Rate Mortgage)
$94,000
No
First
Mar 28, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,106
$181,894
69%
31%
$442/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,020/mo
$442/mo
+$578/mo
4.7%

City: SOUTH PADRE ISLAND

124 E BAHAMA ST. 7 | Property Details | No Agent List