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$344,137

129 E Cora Lee Dr # 304, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths855 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$274.74 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,050 sqft

Building Information

Year Built2006
Stories1
Roof Type114

Land Information

APN67-6485-0000-0304-00
SubdivisionCora Lee Gulf View Condominiums
Land UseResidential
Legal DescriptionUNT 304 CORA LEE GULF VIEW CONDOMINIUMS PLUS 5.6 % INT IN COM AREA (CONDO DEC V13241 PG88 FILED ON 11/20/06)
Census Tract012305
Assessed Land Value$42,000
Assessed Improvement Value$302,137
Assessment Year2025

About this property

Tropical Condo for Sale! Just steps from the beach, this stunning new 2 bedroom, 2 bath 3rd floor corner condo is classy and comfortable - and right across the street from beach access! Beautiful views from your living room, dining room and kitchen! A true taste of the tropics with premium furnishings, modern upscale amenities. Luxurious granite and tile, swimming pool, assigned parking and elevator! Wow...this is the condo you will come back to over and over again and so will your guests as an investment. This complex allows short term rentals except for the month of March, 30 days or longer in March.

Investor Tools

Property Icon
$344,137
Estimated Property Value
$170,595Estimated Mortgage Balance
$196,999Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,065 /month
Positive
Cash Flow Estimate:
$688 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$631/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,852
$344,137
2025
$42,000
$302,137
$344,137
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,852
$344,137

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendsure Mortgage Corp
Conventional
$170,595
No
First
May 7, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,138
$196,999
57%
43%
$1,023/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$1,023/mo
+$277/mo
4.5%

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: SOUTH PADRE ISLAND

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129 E Cora Lee Dr # 304 | Property Details | No Agent List