63Days on Market

1view

$450,000

380 Driftwood, Matagorda, TX, 77457

On Market

2 Beds

2 Bath

800 Sq Ft

Single Family Residence

$562.5 / sqft

Built in 1982

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms 2

Exterior

Lot Size3,746 sqft

Building Information

Year Built1982

Garage Spaces2

Land Information

APN39722

Land UseResidential

Legal DescriptionMATAGORDA DUNES HOMESITES LOT 37

Census Tract730502

Assessed Land Value$70,000

Assessed Improvement Value$148,810

Assessment Year2025

About this property

Beautifully renovated 2-2 coastal retreat steps to Matagorda Beach.Move-in-ready home offers perfect combo of modern updates, beachside charm, & investment potential.Bright, open-concept floor plan features vaulted ceilings, abundant natural light, luxury vinyl flooring, & expansive windows showcasing views of the dunes & Gulf beyond.Completely updated kitchen stainless steel appliances, Cambria quartz countertops, custom cabinetry, & spacious island ideal for entertaining.Private master w/bathroom.Relax on oversized deck & enjoy refreshing Gulf breezes, sunrises, & sunsets.Downstairs oversized garage & storage area w/ample room for boats, fishing gear, golf carts, & beach equipment.Fenced yard. Located in one of Matagorda’s most sought-after beachside communities with easy access to fishing, boating, birding, and beach activities. Whether you’re seeking a full-time residence, vacation getaway, or income-producing rental, this turnkey property offers the ultimate Texas Coast lifestyle.

Investor Tools

$383,746Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,700 /month

Positive

Cash Flow Estimate:

$900 /month

Interested in this property?

Jody Cassady

Full Stringer Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$362/month

$300/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,982

$218,810

2025

$70,000

$148,810

$218,810

Tax History

Year

Tax Paid

Assessed Value

2025

$2,982

$218,810

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Kyle Rader

Unknown

$400,000

First

Mar 6, 2024

Jul 2024

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$383,746

N/A

141%

$2,399/mo

Learn About the Market: Opportunity in Texas

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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.

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