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$225,000

15209 S Padre Island Dr Unit 403, Corpus Christi, TX, 78418

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths728 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$309.07 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Half 1Bathrooms Half 1

Exterior

Lot Size2,526 sqft

Building Information

Year Built2008

Land Information

APN6284-0000-0403
SubdivisionPalm Bay Village
Land UseResidential
Legal DescriptionPALM BAY VILLAGE, UNIT 403, 1.639% COMMON AREA INTEREST
Census Tract006203
Assessed Land Value$19,058
Assessed Improvement Value$222,311
Assessment Year2025

About this property

Welcome to Island living at its best. This beautiful updated and well-maintained townhome is located on N. Padre Island and offers easy Golf Cart access to the beach, just moments away. This unit is located across from a resort style pool, and perfect for full-time living, a vacation getaway, or an income producing rental. Enjoy an open airy layout, a spacious bedroom and bathroom, and the convenience of Coastal living with beach, dining, and entertainment all within reach. Move-in ready with Updates that include : A/C and water heater 8/21; LVP flooring throughout; Painted complete interior; Kitchen updated August 2022; Quartz counters; Herringbone tile backsplash; Kohler farmhouse sink; Moen pull down kitchen faucet; Refrigerator replaced 8/2024 (includes ice maker and filtered water dispenser); Bathroom updated September 2022; Countertop, sink, and faucet replaced; Replaced bathtub with custom tile walk in shower with glass doors; All living room furniture and rug was replaced late 2021; Couch has Queen sleeper and a 55” Samsung TV (December 2023). This tropical chic one-story townhome is centrally located on the island, near popular restaurants and shopping, and just a quick drive down Whitecap to the beach and beautiful Gulf of Mexico. Tastefully decorated with a colorful coastal vibe, the turn-key property conveys completely furnished from top to bottom, including all appliances. Palm Bay Village is a very well-maintained complex featuring many amenities, such as a great resort-style pool, children's play pool, BBQ areas and a clubhouse. The residence also features its own assigned parking in very close proximity to the front door making unloading beach toys a breeze. Come take a look at Palm Bay #403 and fall in love with this coastal cutie!

Investor Tools

Property Icon
$241,369
Estimated Property Value
$149,925Estimated Mortgage Balance
$104,719Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,448 /month
Positive
Cash Flow Estimate:
$483 /month

Interested in this property?

Debbie Greene

Keller Williams Coastal Bend

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,350
$241,369
2025
$19,058
$222,311
$241,369
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,350
$241,369

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$149,925
No
First
Aug 16, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,650
$104,719
43%
57%
$899/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: Corpus Christi

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15209 S Padre Island Dr Unit 403 | Property Details | No Agent List