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$1,100,000

15029 Aruba Drive, Corpus Christi, TX, 78418

On MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size41,077 sqft

Land Information

APN6185-0001-0060
Lot Number6R
SubdivisionPadre Island Sec E
Land UseCommercial
Legal DescriptionPADRE ISLAND SEC E LT 6R BLK 1
Census Tract006205
Assessed Land Value$492,925
Assessment Year2025

About this property

Prime North Padre Island Commercial Waterfront Opportunity! Positioned on approximately 0.94 acres of waterfront frontage, this exceptional commercial-zoned tract offers a rare opportunity to develop in one of North Padre Island's fastest-growing coastal destinations. Boasting expansive water views, direct canal and bay access, and a highly visible location just moments from the beach, this property is perfectly suited for a variety of commercial ventures. Surrounded by established vacation rentals, waterfront residences, restaurants, and thriving tourism activity, the site offers outstanding exposure while capturing the relaxed coastal lifestyle that continues to drive demand on the Island. The property's unique peninsula-like configuration provides extensive waterfront frontage, creating endless possibilities for a signature development with stunning sunset views over the water. Located just moments from beaches, boating, fishing, dining, and entertainment, this is an opportunity to secure one of the few remaining large waterfront commercial tracts in the area. Whether you're envisioning a destination business, income-producing investment, or future development project, this premier North Padre Island property offers location, visibility, and waterfront appeal that are increasingly difficult to find.

Investor Tools

$626,641Estimated Mortgage Balance
$492,925Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

Interested in this property?

Victor Rivera

Keller Williams Coastal Bend

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,032/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,919
$492,925
2025
$492,925
N/A
$492,925
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,919
$492,925

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$650,000
No
First
Jul 2, 2024
Jul 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$626,641
N/A
0%
127%
$3,898/mo

City: Corpus Christi

15029 Aruba Drive | Property Details | No Agent List