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$899,000

305 Marina Drive, Port Aransas, TX, 78373

$1,168,700 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,020 Sq Ft
price_per_sqft$297.68 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Must-SellARV FlipHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator, Trash Compactor, Dryer, Washer
FlooringCarpet, Tile

Exterior

Exterior FeaturesBoat Lift, Deck, Dock
Lot Size10,629 sqft

Building Information

Year Built1986
Stories2
Garage Spaces2

Land Information

APN3728-0002-0010
Lot Number1
SubdivisionIsland Moorings Unit 2
Land UseResidential
Legal DescriptionISLAND MOORINGS UNIT 2 BLK 2 LOT 1
Census Tract005103
Assessed Land Value$740,493
Assessed Improvement Value$461,921
Assessment Year2025

About this property

Location, location, location! Nestled on an OVERSIZED 10,600+ square foot CORNER lot in Island Moorings, complete with not one but two elusive OAK TREES, this 3,000+ square foot home is bursting with potential and ready for its next chapter. With plenty of room to spread out, the home currently offers 4 bedrooms plus a versatile flex space that could easily become a fifth bedroom, bunk room, office, media room, or playroom. The spacious living and kitchen areas are filled with natural light, while plantation shutters frame the wall of windows overlooking the canal, creating a bright and breezy coastal feel throughout. Step outside to a sizable covered deck that stretches the length of the home, offering a shady spot for morning coffee, sunset cocktails, or simply enjoying the waterfront breeze. And if you are dreaming bigger, there is even room to explore adding a cocktail pool in the side yard overlooking the canal. With great “bones,” generous square footage, and a layout ready for your personal touch, this home is a blank canvas just waiting for someone to create their very own coastal getaway. Whether you are looking for a full-time residence, vacation home, or investment property, the possibilities here are wide open! This home is priced with potential in mind, leaving plenty of room to make updates and truly make it your own, SO HURRY, DON'T MISS THE BOAT !

Investor Tools

$0Estimated Mortgage Balance
$1,386,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,168,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,316 /month
Positive
Cash Flow Estimate:
$2,772 /month

Interested in this property?

Ashleigh Robertson

Mark Grosse Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,242/month
$1,067/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,976
$1,202,414
2025
$740,493
$461,921
$1,202,414
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,976
$1,202,414

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,386,000
100%
0%
$0/mo

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.

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: Port Aransas

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