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$515,000

NAL Estimated Property Value

1816 Gulf Blvd # 602, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,167 Sq Ft
price_per_sqft$291.26 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDryer, Washer, Electric Water Heater
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size1,394 sqft

Building Information

Year Built1980
Stories1
Roof Type114
Garage Spaces1

Land Information

APN67-7210-0000-6020-00
Lot Number1,5,S
SubdivisionRegency Condominiums So Padre Island
Land UseResidential
Legal DescriptionUNT 602 REGENCY CONDOMINIUMS SO PADRE ISLAND PLUS 1.88 % INT IN COM AREA (PBEACH SEC I LOTS 1-5 BLK 4, DEC 11-465, 3/3/1980)
Census Tract012305
Assessed Land Value$92,827
Assessed Improvement Value$380,173
Assessment Year2025

About this property

BACK ON MARKET AT REDUCED PRICE!! Very private, exclusive Gulf beachfront property!! This 6th floor, 2 Bedroom/ 2 Bath Condo has a fantastic panoramic view from the Balcony overlooking the pool, common area and Gulf beach. Complex amenities include: gated entry; garage; tennis court; 2 pools; hot tub; and dune walkover to beach. Well landscaped grounds. Condo is sold furnished; upgraded with tile flooring throughout; all tile walk-in showers in both Baths; spacious open Living and Dining area; Master Bedroom faces the beach. Kitchen also has been upgraded with full size Washer & Dryer in Laundry Room located off Kitchen. Condo includes single car detached carport. Regency Condominiums is a Non-Rental Complex with Pet restrictions.

Investor Tools

Property Icon
$515,000
Estimated Property Value
$100,696Estimated Mortgage Balance
$414,304Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$885/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,044
$473,000
2025
$92,827
$380,173
$473,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,044
$473,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$115,000
No
First
Dec 16, 2019
Jan 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,696
$414,304
80%
20%
$690/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$690/mo
+$610/mo
3.0%

City: SOUTH PADRE ISLAND

1816 Gulf Blvd # 602 | Property Details | No Agent List