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$302,000

200 PADRE BLVD. 1206, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths781 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$345.07 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,660 sqft

Building Information

Year Built1977
Stories1
Roof Type114

Land Information

APN67-3000-0010-1030-00
SubdivisionGulfpoint I Condominiums
Land UseReal Property Single Family - Condo
Legal DescriptionUNT 103-A BLD A GULFPOINT I CONDOMINIUMS (VOL 5 PG 762 CONDO DEC)
Census Tract012305
Assessed Land Value$59,722
Assessed Improvement Value$298,846
Assessment Year2025

About this property

Discover coastal living at its finest with this spacious 1-bedroom condo in the highly sought-after Gulfpoint Resort complex on South Padre Island. This beautifully remodeled unit features an open-concept which is complemented by high ceilings and an abundance of natural light, with a stunning view overlooking the pool. The unit was recently renovated and included an all new kitchen design with quartz, backsplash, and all new stainless steel appliances. A walk-in shower was also installed with a new vanity and a built in storage area. Gulfpoint Resort offers an array of top-notch amenities, including a large swimming pool, a fitness center, tennis courts, direct access to the beach & gated covered parking. Whether you're seeking a vacation home or an investment property, this condo is your gateway to a resort-style lifestyle!

Investor Tools

Property Icon
$302,000
Estimated Property Value
$0Estimated Mortgage Balance
$181,516Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$349/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,683
$234,291
2025
$59,722
$298,846
$358,568
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,683
$234,291

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$140,000
No
First
Apr 12, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,484
$181,516
60%
40%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$840/mo
+$460/mo
5.2%

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: SOUTH PADRE ISLAND

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200 PADRE BLVD. 1206 | Property Details | No Agent List