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$259,000

15401 FORTUNA BAY Dr 105, Corpus Christi, TX, 78418

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths2 Bath
Baths748 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$346.26 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Free Standing Range, Disposal, Microwave, Refrigerator
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesDeck
Lot Size2,483 sqft

Building Information

Year Built1985

Land Information

APN7045-0000-0105
SubdivisionPrincess Wharf Condo
Land UseResidential Condominium
Legal DescriptionPRINCESS WHARF CONDO, UNIT 105, 10.656% COMMON AREA INTEREST
Census Tract006202
Assessed Land Value$61,750
Assessed Improvement Value$188,682
Assessment Year2025

About this property

WATERFRONT * FULLY FURNISHED * BOAT SLIP * SHORT TERM RENTALS ALLOWED! Experience true coastal living when you own this FUN 1-bedroom, 2-bath waterfront condo located in this highly desirable Princess Wharf Condominiums on Padre Island. This intimate waterfront community consists of only 8 individual owned units, each offering one designated parking space and its very own private boat slip - a rare find on Padre Island. Even better, short-term rentals are allowed, making this a turnkey opportunity for a strong rental investment, vacation retreat, or full-time living. This condo is being sold FULLY FURNISHED minus a few owner personal wants. On the second floor you'll find the primary bedroom and full bath with a tub/shower combo. Also a stackable washer/dryer. The first floor living area is spacious & comfortable along with a kitchen that comes with all the essentials. The first floor also includes a full bath with a walk-in shower. Outdoor living shines with 2-private waterfront decks - one off the living room and one off the upstairs bedroom - BOTH ideal for evening breezes, and watching boats pass by as you enjoy your evening cocktail. Your assigned boat slip sits just steps from your back deck offering effortless access for fishing, swimming, cruising, or evening sunset boat rides. The Princess Wharf community also features a waterfront HOA pool, pergola, fishing pier for owners and guests to enjoy. THIS is such a savvy investment! LOCATED on the MAIN water channel to the Intracoastal Waterway and a short ride to the beach. Best of all the worlds. Come Coast Awhile....at Princess Wharf!

Investor Tools

$70,221Estimated Mortgage Balance
$180,211Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

Interested in this property?

Cheri Sperling

Coastline Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$509/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,199
$250,432
2025
$61,750
$188,682
$250,432
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,199
$250,432

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$87,030
No
First
May 3, 2017
Jun 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,221
$180,211
71%
28%
$522/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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