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$356,000

NAL Estimated Property Value

124 E BAHAMA ST. 8, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,203 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$306.73 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size2,087 sqft

Building Information

Year Built2000
Stories1
Roof Type114

Land Information

APN67-6404-0020-0080-00
Lot Number25
SubdivisionSea Dancer Condominiums
Land UseResidential
Legal DescriptionUNT 8 BLD 2 SEA DANCER CONDOMINIUMS PLUS 11.13 % INT IN COM AREA (PBEACH SEC VI LOT 25 BLK 83, DEC 6168-252, 3/15/00)
Census Tract012305
Assessed Land Value$75,128
Assessed Improvement Value$230,602
Assessment Year2025

About this property

Virtual Tours - bit.ly/sdn8 - Located just 300 yards from the beach, this fully furnished 1200sqft condo promises a lifestyle of island relaxation. The spacious open concept living area is a great place to entertain family & friends after a day at the beach. The elevated ceiling adds to the spacious feel, and features a lighted art niche. The kitchen has granite counters, a large pantry, & plenty of cabinet space. Each bedroom suite features a connected bath and a walk-in closet. There is a convenient in-unit washer/dryer. Step outside onto your private balcony and listen to the ocean as you sip your morning coffee. There is exterior storage, perfect for storing beach gear. Indulge in the island lifestyle with access to a shared pool, where only 12 units have the privilege of enjoying this amenity. Don't miss your chance to experience a little slice of island living – schedule your private showing today and prepare to fall in love with this coastal gem at the Sea Dancer Condominium.

Investor Tools

Property Icon
$356,000
Estimated Property Value
$259,154Estimated Mortgage Balance
$96,846Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,214 /month
Positive
Cash Flow Estimate:
$738 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$582/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,199
$305,730
2025
$75,128
$230,602
$305,730
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,199
$305,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$269,250
No
First
Mar 13, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,154
$96,846
27%
73%
$1,615/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$1,615/mo
$-315/mo
4.4%

City: SOUTH PADRE ISLAND

124 E BAHAMA ST. 8 | Property Details | No Agent List