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$225,000

125 E RETAMA ST. 3-A, SOUTH PADRE ISLAND, TX, 78597

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths680 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$330.88 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringTile

Exterior

Lot Size1,041 sqft

Building Information

Year Built1985
Stories1
Roof Type114

Land Information

APN67-5275-0301-0000-00
SubdivisionLa Casa Rosa 2 Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS - LA CASA ROSA II COND OS UNIT 3-A
Census Tract012305
Assessed Land Value$37,500
Assessed Improvement Value$180,130
Assessment Year2025

About this property

Wonderful Affordable Opportunity to Own Your Own Slice of Paradise in South Padre Island! This charming top floor, one-bedroom condo offers built-in bunk beds for additional sleeping quarters and is very well maintained and move-in ready. The abundance of windows provides wonderful natural light, while beautiful wooden blinds throughout add warmth and character. Step onto the front balcony and enjoy a glimpse of the ocean, or relax in the beautifully landscaped rear courtyard featuring a tiled patio and BBQ area—perfect for entertaining or enjoying the island breeze. Just steps to the beach, this turnkey condo comes fully furnished with all appliances conveying. Whether you're looking for your own island getaway, a vacation home, or an investment opportunity, this charming condo offers an affordable way to own your own piece of South Padre Island paradise. Call today for a tour or more info!

Investor Tools

$12,704Estimated Mortgage Balance
$390,296Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,418 /month
Positive
Cash Flow Estimate:
$806 /month

Interested in this property?

Maurine Salas

RE/MAX ELITE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,701
$217,630
2025
$37,500
$180,130
$217,630
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,701
$217,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
South Padre Bank Na
Balloon
$36,000
No
First
Oct 8, 2003
Oct 2006

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$12,704
$390,296
96%
3%
$216/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,020/mo
$216/mo
+$804/mo
3.0%

City: SOUTH PADRE ISLAND