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$1,286,000

NAL Estimated Property Value

3700 Island Moorings Pkwy Apt 7, Port Aransas, TX, 78373

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,643 Sq Ft
price_per_sqft$491.49 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Dryer, Washer
FlooringHardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock
Lot Size7,405 sqft

Building Information

Year Built2006
Stories3
Garage Spaces2

Land Information

APN5348-0000-0070
SubdivisionThe Moorings At Mustang Island Condo
Land UseResidential Condominium
Legal DescriptionTHE MOORINGS AT MUSTANG ISLAND CONDO, UNIT 7, 5.3946% COMMON AREA INTEREST
Census Tract005103
Assessed Land Value$886,560
Assessed Improvement Value$321,933
Assessment Year2025

About this property

OPEN CANAL VIEWS, FLOATING BOAT SLIPS, ELEVATOR, PREMIER, PRIVATE & LUXURIOUS!! Welcome to coastal serenity at The Moorings #7! Tucked away in the private enclave of Island Moorings Marina and across the street from Palmilla Beach golf course, this 3 bedroom 3.5 bath condominium is one of the most PREMIER units of complex. Starting on the third floor, the inverted floor plan was thoughtfully planned to showcase the amazing OPEN CANAL VIEWS. With tall ceilings and natural light beaming in, you can watch the planes land at Mustang Beach Airport. The open concept layout entertains beautifully. A chef’s kitchen is complete with high-end appliances including a gas range and separate dry bar with beverage fridge. Unique to the complex, the PRIVATE covered deck on this floor is where you want to spend your time. It is the perfect place to BBQ and enjoy alfresco dinning! On the second floor, the primary suite lives well offering a private covered deck, en-suite with soaking jacuzzi tub and separate shower. Connected by a functional hall space with desk nook and laundry closet, a guest room with en-suite bath completes the floor. On the first floor, a guest bedroom with en-suite bath and the oversized 2-car garage stores all your beach and boating needs. A residential elevator makes this condo well suited for the multi generational family and groceries to the third floor a breeze! Sold fully furnished, two floating boat slips convey with this including one with 8,000 lbs lift. The Moorings Condominiums offers a gated entrance, resort style pool, and an onsite caretaker that tends to every detail of the complex. PREMIER coastal serenity awaits at The Moorings #7!

Investor Tools

Property Icon
$1,286,000
Estimated Property Value
$885,379Estimated Mortgage Balance
$400,621Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,753/month
$1,585/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,605
$1,208,493
2025
$886,560
$321,933
$1,208,493
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,605
$1,208,493

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Va
$900,000
Yes
First
Jun 4, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$885,379
$400,621
31%
69%
$6,523/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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3700 Island Moorings Pkwy Apt 7 | Property Details | No Agent List