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$3,500,000

15714-15726 S Padre Island Drive, Corpus Christi, TX, 78418

On MarketInfo
Baths0 Bath

About this property

Prime Development Opportunity on Padre Island — 2.35 Acres of CR-2 Resort-Zoned Land - Positioned in the heart of North Padre Island, this 2.35-acre assemblage offers a rare chance to secure seven contiguous platted lots in a location already recognized for its resort-driven growth and coastal appeal. Currently a portion of this acreage houses a metal building with four bays fully rented earning good income. Targeted development for this property is Multifamily Residential/Condominium/Short-Term Rental. Commercial Resort (CR-2) designation is one of the most flexible and valuable zoning categories on the Barrier Islands. Permitted uses: Tourist-oriented retail and services, water-related commercial ventures, indoor/outdoor amusement/recreation, and most importantly townhomes, multifamily, cottages, and group living. This zoning allows mixed-use development, hospitality concepts, vacation rentals, or resort-style residential communities—all in high demand on North Padre Island.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

Interested in this property?

Debra Brock

Rev Realty Texas LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$100/month
5.947%

Learn About the Market: Opportunity in Texas

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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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15714-15726 S Padre Island Drive | Property Details | No Agent List