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$530,000

256 & 255 S Ocean Drive, Port Lavaca, TX, 77979

$534,431 ARVInfo
PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$246.2 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1

Exterior

Lot Size5,998 sqft

Building Information

Year Built2021

Land Information

APN36316
Lot Number2
Land UseResidential
Legal DescriptionBAYSIDE BEACH UNIT #2, BLOCK 137, LOT 2
Census Tract000401
Assessed Land Value$40,000
Assessed Improvement Value$440,680
Assessment Year2025

About this property

Wake up to some of the most breathtaking waterfront views on the Texas Coast at this incredible home in Indianola. This beautifully updated 4-bedroom, 3-bath coastal retreat offers panoramic views of both Matagorda Bay and Powderhorn Lake. Originally positioned across from the water, the property is now truly waterfront after the owners acquired the lot across the street. The additional waterfront lot features two RV pads and its own water meter. Inside, the home has been thoughtfully updated with a stunning kitchen featuring solid surface countertops, updated finishes, and an open layout designed to maximize the incredible bay views. The kitchen and living area are filled with natural light and overlook Matagorda Bay, while the spacious back deck provides peaceful views of Powderhorn Lake — the perfect spot for relaxing sunsets, entertaining, or enjoying the coastal breeze. Step out your front door and walk straight to the shoreline for incredible wade fishing along the coast.

Investor Tools

Property Icon
$530,000
Estimated Property Value
$0Estimated Mortgage Balance
$241,329Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$534,431
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,180 /month
Positive
Cash Flow Estimate:
$1,060 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,304
$480,680
2025
$40,000
$440,680
$480,680
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,304
$480,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$310,900
No
First
Jul 20, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,671
$241,329
45%
54%
$1,865/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,180/mo
$1,865/mo
$-685/mo
2.7%

Learn About the Market: Opportunity in Texas

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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.

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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: Port Lavaca

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256 & 255 S Ocean Drive | Property Details | No Agent List