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$1,350,000

297 Hide Away Drive, Port Aransas, TX, 78373

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,984 Sq Ft
price_per_sqft$680.44 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Dryer, Washer
FlooringLuxury Vinyl Plank, Tile

Exterior

Lot Size4,574 sqft

Building Information

Year Built2020
Stories2
Garage Spaces1

Land Information

APN1611-0009-0230
Lot Number23
SubdivisionCinnamon Shore Pud Unit 2e
Land UseResidential
Legal DescriptionCINNAMON SHORE PUD UNIT 2E BLK 9 LOT 23
Census Tract006205
Assessed Land Value$400,840
Assessed Improvement Value$889,113
Assessment Year2025

About this property

This Gulf-adjacent gem beckons at highly sought Cinnamon Shore North. The move-in ready, 3-BR/3.5 Bath home is just steps from the beach access, and at just under 2,000 sq ft, it offers unusual value so close to the Gulf! Built just over 5 years ago, the home has not yet been part of rentals portfolio and remains in pristine condition. From the charming porch, step into a flexible, first-floor living space with welcoming foyer, a private guest suite, and bunk room w/ full bath. Upstairs, the heart of the home unfolds in a light-filled, open-concept space including a kitchen designed for entertaining. Enjoy stainless appliances and island w/ stool seating flowing to dining area and den. Opening to rear, private porch, the 2nd-floor primary suite features a tray ceiling with shiplap detail and bath with double sinks and large, walk-in shower with designer tile. Outside, a covered porch and private backyard offer space for relaxing and playtime for kids or pets. Extras: laundry room w/ shelving, 1-car garage w/ storage, hallway desk area. The home’s inviting layout offers seamless flow and the best of beachside living. Don’t miss this rare opportunity for a modest-sized beach home close to the beach!

Investor Tools

$837,818Estimated Mortgage Balance
$573,182Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,466 /month
Positive
Cash Flow Estimate:
$2,822 /month

Interested in this property?

Jodi Peters

Cinnamon Shore Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,526/month
$7,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,256
$1,289,953
2025
$400,840
$889,113
$1,289,953
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,256
$1,289,953

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ubs Bank Usa
Conventional
$956,000
No
First
Aug 11, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$837,818
$573,182
40%
59%
$3,592/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$10,792/mo
$-8,842/mo
1.7%

City: Port Aransas

297 Hide Away Drive | Property Details | No Agent List