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$224,796

NAL Estimated Property Value

305 Mermaid Tail Ln, Port Aransas, TX, 78373

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size3,398 sqft

Land Information

APN6301-0005-0030
Lot Number3
Land UseVacant Lots & Tracts
Legal DescriptionPALMILLA BEACH P.U.D. UNIT 6A BLK 5 LOT 3
Census Tract006205
Assessed Land Value$224,796
Assessment Year2025

About this property

Make a splash in the renowned Palmilla Beach Resort and Golf Community, Waters Edge division to build your custom coastal home. Plans have been designed, and the lot is ready for action. As a Waters Edge owner, you have access to all the luxurious amenities Palmilla Beach Resort has to offer. A 9-hole Arnold Palmer-designed golf course, The Oasis and Seaside community pools/lounges, Black Marlin restaurant rated best for South Texas coastal cuisine, and more. Build what could be your weekend getaway, primary residence, or an income-generating investment home. Ask your agent about the seller incentive towards the required builder compliance deposit and other mandatory fees due by buyer at closing!

Investor Tools

Property Icon
$224,796
Estimated Property Value
$183,000Estimated Mortgage Balance
$41,796Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,349 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$335/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,890
$224,796
2025
$224,796
N/A
$224,796
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,890
$224,796

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Purchase Money Mortgage
$195,000
No
First
Dec 28, 2022
Jan 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,000
$41,796
18%
81%
$1,170/mo

City: Port Aransas

305 Mermaid Tail Ln | Property Details | No Agent List