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$399,000

127 Paradise Drive, Rockport, TX, 78382

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,237 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$322.55 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size2,766 sqft

Building Information

Year Built2022

Land Information

APN4522-000-007-000
Land UseResidential
Legal DescriptionS4522 OCEAN REEF PUD UNIT 1 LOT 7 .0635 ACRES
Census Tract950503
Assessed Land Value$30,000
Assessed Improvement Value$358,940
Assessment Year2025

About this property

Turn-key coastal living with proven investment potential in the heart of Ocean Reef Cottages. This elevated 3-bedroom, 2-bath pier-and-beam home is being sold fully furnished and features a strong short-term rental history, making it an excellent opportunity for investors—or a perfect fit for a full-time residence or lock-and-leave coastal retreat. A gorgeous covered front patio sets the tone for relaxed coastal living, offering the perfect spot to enjoy morning coffee or unwind after a day on the water. Inside, the thoughtfully designed layout provides versatile entertaining space both upstairs and downstairs, ideal for hosting friends and family. Covered boat parking adds everyday convenience for boating and fishing enthusiasts. Residents of Ocean Reef Cottages enjoy access to community amenities including a sparkling community pool, boat wash, and dog park, all within a well-maintained, centrally located neighborhood. Just minutes from Cove Harbor Marina, downtown Rockport’s boutiques and dining, Rockport Beach, and the shores of Port Aransas, this location puts the very best of the Coastal Bend right at your fingertips. Whether you’re expanding your investment portfolio or searching for a coastal home with income potential, this property is truly move-in and rental-ready. Just bring your suitcase—and your boat.

Investor Tools

$293,307Estimated Mortgage Balance
$112,693Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

Interested in this property?

Toni Ballard

Spears & Company Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,574
$388,940
2025
$30,000
$358,940
$388,940
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,574
$388,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$303,750
No
First
May 16, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,307
$112,693
27%
72%
$1,822/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.

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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: Rockport

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127 Paradise Drive | Property Details | No Agent List