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Days15Days on Market
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$2,474,000

303 SHORE DR. Unit 1 & 2, SOUTH PADRE ISLAND, TX, 78597

On MarketInfo
CommercialInfo
Baths0 Bath
Baths4,175 Sq Ft
Multi FamilyMulti Family
price_per_sqft$592.57 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony
Lot Size5,950 sqft

Building Information

Year Built2022
Stories2
Roof Type114

Land Information

APN94-1641-0180-0200-00
Lot Number20
SubdivisionThe Shores Subdivision Marina Village Ph
Land UseMultifamily Residence
Legal DescriptionLOT 20 BLK 18 THE SHORES SUBDIVISION MARINA VILLAGE PH SEC 2 (C1-2832B CCMR FILED 6-26-07)
Census Tract012305
Assessed Land Value$202,861
Assessed Improvement Value$804,655
Assessment Year2025

About this property

Duplex one condo on second floor and another is first floors. With a lobby in front with entrance to both condominiums

Investor Tools

Property Icon
$1,290,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,243,262Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,844 /month
Positive
Cash Flow Estimate:
$4,948 /month

Interested in this property?

Joe Dale Iley

Mission Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,243
$602,341
2025
$202,861
$804,655
$1,007,516
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,243
$602,341

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Commercial
$52,500
No
First
Nov 24, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$46,738
$1,243,262
96%
4%
$315/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$315/mo
+$1,365/mo
1.6%

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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303 SHORE DR. Unit 1 & 2 | Property Details | No Agent List