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$554,000

NAL Estimated Property Value

227 W MORNINGSIDE DR. 206, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,728 Sq Ft
price_per_sqft$134.78 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
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

A MUST SEE FOR THE WATER ENTHUSIAST! THIS 3 BEDROOM, 3 BATH 2 STORY CONDO IS LOCATED AT ONE OF THE NICEST BAYFRONT CONDO COMPLEX. THIS UNIT SITS ON THE POOLSIDE WITH GREAT VIEWS OF THE POOL AND NICE GREEN "BACK YARD". THERE ARE PARTIAL VIEWS OF THE BAY. ALL OWNERS AND RENTERS ARE WELCOME TO USE THE TWO LIGHTED FISHING PIERS WITH FISH CLEANING TABLES, BOAT DOCKS, TENNIS COURT, LARGE JUST REDONE SWIMMING POOL AND LAUNDRY. ONSITE MANAGEMENT AND ONSITE RENTALS. ONE ASSIGNED COVERED CARPORT.

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%

City: SOUTH PADRE ISLAND

227 W MORNINGSIDE DR. 206 | Property Details | No Agent List