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$554,000

227 W MORNINGSIDE DR. 223, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,260 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$214.29 / 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

Great 2 bedroom 2.5 BATH condo overlooking the Laguna Madre Bay of this popular bayfront complex. Wonderful place for the water enthusiast! Kiteboarding, fishing, kayaking, and more! Amenities include large swimming pool, tennis court, two lighted fishing piers, boat docks (not deeded), laundry room and one dedicated covered parking space, onsite management and onsite rentals.

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

Local Market Pages
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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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227 W MORNINGSIDE DR. 223 | Property Details | No Agent List