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$479,900

2500 Gulf Blvd # 220b, SOUTH PADRE ISLAND, TX, 78597

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths932 Sq Ft
price_per_sqft$514.91 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Washer, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,542 sqft

Building Information

Year Built1972
Stories1

Land Information

APN67-5300-0020-2200-00
Lot Number6-8
SubdivisionLa Concha Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS- LA CONCHA COND P B SE C IV LTS 6TO8&S1/2 5 BK 41 APT-220 BLDG B
Census Tract012305
Assessed Land Value$102,410
Assessed Improvement Value$124,795
Assessment Year2025

About this property

Virtual Tours & More - bit.ly/lc-220 Step into coastal living in this beautifully updated 2-story condo, where your biggest decision will be “pool or beach?" The open-concept living/dining area is perfect for entertaining or relaxing after a long day of doing absolutely nothing at the beach. The balcony extends the living area, ideal for the easygoing indoor-outdoor lifestyle. The remodeled kitchen maximizes every inch of space, because even frozen margaritas deserve a well-designed prep area. Upstairs, you'll find 2 bedrooms, one w/ access to the upper balcony, made for catching a sunrise or just confirming that yes, the beach is still right there! A large guest bedroom w/ vaulted ceiling adds an airy, open feel. There is a convenient in-unit washer/dryer. Recent improvements, including a newer roof, offer peace of mind, leaving you free to focus on more important things, like whether today calls for SPF 30 or 50. Enjoy a pool, gated entry, on-site manager, beach access, & more.

Investor Tools

$115,496Estimated Mortgage Balance
$259,504Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,879 /month
Positive
Cash Flow Estimate:
$960 /month

Interested in this property?

Dina Rich

KELLER WILLIAMS LRGV

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,664
$227,205
2025
$102,410
$124,795
$227,205
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,664
$227,205

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$130,000
No
First
Oct 1, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,496
$259,504
69%
31%
$780/mo

City: SOUTH PADRE ISLAND

2500 Gulf Blvd # 220b | Property Details | No Agent List