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$322,000

NAL Estimated Property Value

2000 Gulf Blvd # 508, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths678 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$514.75 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size836 sqft

Building Information

Year Built1977
Stories1
Roof Type114

Land Information

APN67-0200-0000-5080-00
Lot Number1,4
SubdivisionAquarius Condominiums
Land UseResidential
Legal DescriptionUNT 508 AQUARIUS CONDOMINIUMS PLUS 1.35 % INT IN COM AREA (PBEACH SEC II LOT 1-4 BLK 12, DEC 4-749, 06/14/1974)
Census Tract012305
Assessed Land Value$55,548
Assessed Improvement Value$218,341
Assessment Year2025

About this property

See this 2/1 newly renovated beachfront condo and enjoy Sunsets and fireworks from the bayside balcony. Aquarius is a gated complex with two community rooms, a laundromat, exercise room, pool with hot tub, sauna, BBQ pits, picnic area, and a 24-hour front desk with onsite management. Come show this unit while it is still available. HOA includes $550 Monthly includes insurance, water, cable, trash, & ground maintenance. $240 annually for WIFI & wristbands.

Investor Tools

Property Icon
$322,000
Estimated Property Value
$211,151Estimated Mortgage Balance
$110,849Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,658
$273,889
2025
$55,548
$218,341
$273,889
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,658
$273,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone First Mortgage Inc
Conventional
$229,500
No
First
Jan 31, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,151
$110,849
34%
66%
$1,376/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$1,376/mo
$-76/mo
4.8%

City: SOUTH PADRE ISLAND

2000 Gulf Blvd # 508 | Property Details | No Agent List