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$274,000

15425 Fortuna Bay Dr 316, Corpus Christi, TX, 78418

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,066 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$257.04 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Disposal, Refrigerator, Range Hood
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDeck, Dock
Lot Size1,437 sqft

Building Information

Year Built1984
Roof Type105

Land Information

APN6950-0000-0316
SubdivisionPort Royal Fortuna Bay Condo
Land UseResidential
Legal DescriptionPORT ROYAL FORTUNA BAY CONDO, UNIT 316, 2.3128% COMMON AREA INTEREST
Census Tract006202
Assessed Land Value$35,600
Assessed Improvement Value$268,706
Assessment Year2025

About this property

Park your boat at your back door. This 2BR/2BA waterfront retreat at Port Royal Fortuna Bay offers the rare combination of wide canal views and your own assigned boat slip. A top-floor unit with no neighbors above, makes this one of the most private locations in the complex. You can enjoy one of the most unobstructed sunsets views on the Island. The open-concept layout is designed for the coastal lifestyle, with a cozy fireplace for cooler island nights. Furnishings are negotiable, making this an effortless transition for a primary residence or vacation home. Rentals of 30 days or more allow it to be an investment, triggering additional tax advantages. On-site amenities include a sparkling pool, hot tub, BBQ area, and a convenient fish-cleaning station. Perfect for a day out on the water. One assigned parking space is included with plenty more unassigned available when needed. The top floor adds views and security, enhancing the Lock-and-Leave Convenience. The monthly HOA covers your Water, Cable, Trash, Exterior Insurance, and Ground Maintenance. Come and enjoy this is low-maintenance living where the boat life is literally steps away. Here, you are on Island Time. Stay a while. Schedule your showing today and see why this is the best-valued waterfront spot on the Island.

Investor Tools

$109,944Estimated Mortgage Balance
$194,362Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,826 /month
Positive
Cash Flow Estimate:
$609 /month

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Better Homes & Gardens Real Estate Winans

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
$512/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,934
$304,306
2025
$35,600
$268,706
$304,306
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,934
$304,306

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$123,750
No
First
Nov 24, 2020
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,944
$194,362
63%
36%
$742/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.

Explore Texas Explore This Area
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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15425 Fortuna Bay Dr 316 | Property Details | No Agent List