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$398,000

15242 Caravel Dr, Corpus Christi, TX, 78418

$517,400 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,731 Sq Ft
price_per_sqft$229.92 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Range Hood
FlooringTile

Exterior

Lot Size6,578 sqft

Building Information

Year Built2002
Roof Type105
Garage Spaces2

Land Information

APN0426-0005-0110
Lot Number11
SubdivisionBarataria Bay #2
Land UseResidential
Legal DescriptionBARATARIA BAY NO 2 LOT 11 BLK 5
Census Tract006204
Assessed Land Value$94,595
Assessed Improvement Value$282,940
Assessment Year2025

About this property

EXPERIENCE THE BEST OF COASTAL LIVING in this beautifully maintained home on North Padre Island, where comfort, convenience, and the island lifestyle come together. Just minutes from the beach and a nearby public boat ramp, this property is perfectly positioned for boating enthusiasts, anglers, and anyone who loves spending time on the water. Whether you're heading out for an early morning fishing trip, cruising the Laguna Madre, or enjoying a sunset on the water, you'll appreciate having easy access to some of the Texas Coast's best fishing and recreational opportunities. Inside, you'll find a welcoming floor plan designed for everyday living and entertaining featuring two dining areas and two living areas. The spacious primary suite serves as a private retreat, including a beautifully remodeled bathroom with stylish finishes that create a fresh, spa-like atmosphere. Thoughtful updates throughout the home provide comfort while maintaining a warm, inviting feel. Step outside to your own backyard oasis, where a charming pergola creates the perfect space for outdoor dining, relaxing with a good book, or hosting family and friends. Thanks to the home's ideal orientation, the backyard enjoys welcome evening shade, allowing you to comfortably unwind after a day at the beach or out on the water while taking advantage of the refreshing coastal breeze. At this location, you'll enjoy convenient access to North Padre Island beaches, local restaurants, shopping, parks, and countless opportunities for boating, kayaking, paddleboarding, and world-class fishing. Whether you're searching for a full-time residence, a weekend coastal escape, or a place to embrace the laid-back island lifestyle, this home offers the perfect opportunity to make every day feel like a vacation. Come Coast Awhile...

Investor Tools

$333,740Estimated Mortgage Balance
$65,260Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$517,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$805/month
$132/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,659
$377,535
2025
$94,595
$282,940
$377,535
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,659
$377,535

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Conventional
$356,250
No
First
Feb 23, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,740
$65,260
16%
84%
$2,136/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$2,268/mo
$-528/mo
5.2%

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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