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$554,000

227 W MORNINGSIDE DR. 115, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths630 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$468.25 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,444 sqft

Building Information

Year Built1977
Stories1
Roof Type114

Land Information

APN67-5700-0020-2220-00
SubdivisionLas Brisas Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS- LAS BRISAS COND F ISLES L 8TO14 B 181&L1-2 B 182 UNIT B-222
Census Tract012305
Assessed Land Value$94,657
Assessed Improvement Value$269,878
Assessment Year2025

About this property

Well here it is folks!! Finally a ground floor unit at Las Brisas Bayfront Condominiums. This one won't last long, everyone has been waiting for this! A one bedroom, one bath where you walk out your door straight to the docks and one of two lighted fishing piers. Tiled throughout and one covered assigned carport. This complex also boasts a large swimming pool, tennis court and onsite manager. HOA includes water, trash, cable, internet, pool, grounds and dock maintenance. There are major renovations that have started or will start soon. That special assessment for this has been paid. All rentals less than 30 days must go through onsite office.

Investor Tools

Property Icon
$554,000
Estimated Property Value
$0Estimated Mortgage Balance
$554,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,324 /month
Positive
Cash Flow Estimate:
$1,108 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,199
$364,535
2025
$94,657
$269,878
$364,535
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,199
$364,535

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$554,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
N/A
+$1,300/mo
2.8%

Learn About the Market: Opportunity in Texas

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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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227 W MORNINGSIDE DR. 115 | Property Details | No Agent List