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Days2555Days on Market
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$900,000

202 W Cora Lee Dr, SOUTH PADRE ISLAND, TX, 78597

On MarketInfo
CommercialInfo
Beds3 Beds
Baths3 Bath
Baths2,363 Sq Ft
Multi FamilyMulti Family
price_per_sqft$380.87 / sqft
Year BuiltBuilt in 1989

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,251 sqft

Building Information

Year Built1989
Stories1
Roof Type114
Garage Spaces5

Land Information

APN67-6400-1740-0150-00
Lot Number15
SubdivisionPadre Beach Subdivision
Land UseResidential
Legal DescriptionSO PADRE IS - PADRE BEACH SECTION XI LOT 15 BLK 174
Census Tract012305
Assessed Land Value$197,500
Assessed Improvement Value$442,500
Assessment Year2025

About this property

Stunning duplex opportunity on South Padre Island! This remodeled coastal style property is fully furnished, turnkey, and ready for new owners. The upstairs unit features three spacious bedrooms, two full bathrooms, an open-concept layout, and a large balcony. Downstairs offers a separate two-bedroom, two-bathroom unit with all appliances included. Enjoy a spacious swimming pool, outdoor shower, 1-car garage, and lush tropical grounds that provide privacy and a peaceful sense of seclusion. This coastal retreat is perfect for personal use, rental income, or both.

Investor Tools

$1,187,507Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

Interested in this property?

Linda Marie Villarreal

One Stop Realty, Inc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,671
$481,519
2025
$197,500
$442,500
$640,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,671
$481,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
George Perez Jr
Unknown
$1,000,000
No
First
Mar 24, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,187,507
N/A
0%
188%
$7,256/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$7,256/mo
$-5,576/mo
3.2%

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.

Explore Texas Explore This Area
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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