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$590,000

NAL Estimated Property Value

220 W Cora Lee Dr # 306, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,703 Sq Ft
price_per_sqft$187.84 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Washer, Electric Water Heater
FlooringCarpet

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,272 sqft

Building Information

Year Built1982
Stories1
Roof Type114

Land Information

APN67-8200-0030-0306-00
Lot Number1,6
SubdivisionTierra Encantada Condominiums
Land UseResidential
Legal DescriptionS PADRE IS- TIERRA ENCANTADA CONDO UNIT 306 PADRE BEACH SEC XI LTS 1-6 BLK 174
Census Tract012305
Assessed Land Value$45,349
Assessed Improvement Value$480,264
Assessment Year2025

About this property

REDUCED PRICE for 3 BEDROOM!! Relax & enjoy the awesome views & Sunsets over the Laguna Madre Bay. This 3rd floor Condo has open Kitchen, Dining, Living area with marble flooring on the first floor; Kitchen tile counter-tops; double-stacker washer/dryer; wet bar. First floor also includes two Bedrooms, carpet flooring and shared Bath with tub. Second floor Loft is Master Bedroom with Bath; double vanity, large walk-in closet, spiral staircase access, all overlooking downstairs Living-Dining area. Private Balcony with Bay water view & storage closet. Complex amenities include: gated entrance/exit; pool & hot tub overlooking the Bay; sauna; common boat slips; fish cleaning station; fish from the dock; covered parking; bldg elevator. HOA Rental Restrictions: Seven (7) day minimum.

Investor Tools

Property Icon
$590,000
Estimated Property Value
$200,304Estimated Mortgage Balance
$389,696Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,540 /month
Positive
Cash Flow Estimate:
$1,180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$991/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,938
$525,613
2025
$45,349
$480,264
$525,613
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,938
$525,613

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$225,000
No
First
Aug 28, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,304
$389,696
66%
34%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$1,349/mo
+$331/mo
3.4%

City: SOUTH PADRE ISLAND

220 W Cora Lee Dr # 306 | Property Details | No Agent List