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$1,700,000

NAL Estimated Property Value

187 Horse Tail Lane, Port Aransas, TX, 78373

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths2,689 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$741.91 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 5Bathrooms 5
Garage AvailableGarage Available

Exterior

Lot Size4,312 sqft

Building Information

Stories3
Garage Spaces504

Land Information

APN6302-0002-0080
Lot Number8
Land UseSingle Family Residential
Legal DescriptionPALMILLA BEACH P.U.D. UNIT 6B BLK 2 LOT 8
Census Tract006205
Assessed Land Value$284,658
Assessed Improvement Value$884,178
Assessment Year2025

About this property

187 Horse Tail Lane is a custom-built home by Brandon Lafayette in Waters Edge Village at Palmilla Beach. Spanning 2,689 square feet, this three-story residence offers 5 bedrooms, 4.5 bathrooms, and thoughtfully designed living spaces. The first floor includes a living area, two bedrooms, a full bath, a utility room, and a wraparound porch. The second floor features a gourmet kitchen, dining area, bright living room, primary suite, an additional bedroom, and two covered porches. The third floor boasts a versatile living area, a fifth bedroom, and a covered porch with stunning water and beach views. Palmilla Beach offers luxurious amenities, including poolside dining, Reds Patio Bar, The Black Marlin, the Oasis Pool with a swim-up bar, a VIP beach experience, golf, fitness facilities, and walking trails. Exciting additions like the Town Center, Waters Edge Boathouse, and pickleball courts are just the beginning of what's to come.

Investor Tools

Property Icon
$1,700,000
Estimated Property Value
$1,571,824Estimated Mortgage Balance
$128,176Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,013/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,660
$1,168,836
2025
$284,658
$884,178
$1,168,836
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,660
$1,168,836

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stellar Bank
Purchase Money Mortgage
$1,600,000
No
First
Apr 15, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,571,824
$128,176
7%
92%
$9,593/mo

City: Port Aransas

187 Horse Tail Lane | Property Details | No Agent List