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$726,000

307 E Avenue G Unit 6, Port Aransas, TX, 78373

$786,750 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,667 Sq Ft
price_per_sqft$435.51 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Dryer, Washer
FlooringConcrete, Hardwood

Exterior

Exterior FeaturesLandscaping
Lot Size3,398 sqft

Building Information

Year Built2005
Stories2
Garage Spaces1

Land Information

APN8936-0000-0060
SubdivisionTwin Palms Condos
Land UseResidential
Legal DescriptionTWIN PALMS CONDOS UNIT6 10% COMMON AREA INTEREST
Census Tract005104
Assessed Land Value$185,625
Assessed Improvement Value$540,691
Assessment Year2025

About this property

The Mermaid Inn is the perfect getaway vacation home with exquisite decor throughout. It is located just a few blocks from the beach and is perfect walking distance to shops on Ave G, restaurants, and golf cart rentals. 3 bedrooms are located upstairs and the 4th bedroom with a bunk bed is located on the first floor. There are so many things to enjoy including a screened-in porch a private side courtyard and the shared pool in the complex.Upon entering the private entrance you already feel that you are at the beach with an open, light, and airy entertaining area. The large kitchen has quartz countertops, a beautiful glass tile backsplash, a gas stove/range, newer appliances including a wine/beverage cooler, a pantry, and ample space to test out your culinary skills for family and friends. The living room has coastal ship lap walls and plenty of comfy seating. The first floor has access to both the side courtyard and the back screened-in porch with ample outdoor seating for all. The first bedroom is located off of the living area, with access through a pass-through bathroom. It has a Twin over Full bunk bed, TV, and a separate door to the screened-in porch. The full bath is shared with the downstairs and has a stand-alone shower and nautical theme. First stop upstairs is a primary suite with a King-size bed, nightstands, desk, TV, large closet, and built-in drawers. It has a small private balcony for taking in the sea air. The private ensuite bathroom has a double vanity and tiled shower. Across the hall is a spacious bedroom with a King-size bed, nightstands. At the end of the hall is a room with a set of Twin beds, end tables, a closet, a TV, and a chest. A shared ocean blue bath is situated between these bedrooms with a shower/tub unit. This adorable unit has a coastal vibe with stained concrete floors down, pine floors up, open rafter ceilings and full of "old town" charm, perfect for a coastal getaway and investment opportunity being sold fully furnished.

Investor Tools

$0Estimated Mortgage Balance
$726,316Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$786,750
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,358 /month
Positive
Cash Flow Estimate:
$1,453 /month

Interested in this property?

Lynn Smith

KW Coastal Bend - Island

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,215/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,950
$726,316
2025
$185,625
$540,691
$726,316
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,950
$726,316

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$726,316
100%
0%
$0/mo

City: Port Aransas