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B+
NoAgentList RatingHow are grades calculated? Info

$1,762,000

386 Mustang Blvd, Port Aransas, TX, 78373

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths2,661 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$749.72 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size11,587 sqft

Building Information

Year Built1998
Stories2
Garage Spaces656

Land Information

APN5473-0001-0140
Lot Number14
SubdivisionMustang Beach Unit 1
Land UseResidential
Legal DescriptionMUSTANG BEACH UNIT 1 BLK 1 LOT 14
Census Tract005103
Assessed Land Value$949,642
Assessed Improvement Value$345,117
Assessment Year2025

About this property

This move-in ready 5-bedroom, 4.5-bath waterfront home is a STUNNER and checks all the boxes! Located on a shady-side oversized lot with 100’ of canal frontage, this home was extensively remodeled in 2019/2020 employing thoughtful design and custom finishes. Chef’s kitchen features a 14’ island, Lumen quartzite countertops and backsplash, 48” dual fuel range, stainless appliances, wet bar with wine refrigerator and custom cabinetry. The open-concept living, dining and kitchen areas are bathed in natural light, with expansive windows that frame stunning views of the of the canal side waterfront paradise featuring a heated pool and spa, a dedicated poolside-entry bath and a covered patio with oversized porch swing. Dockside, you will find two boat lifts plus an additional platform lift for all of your water toys and a covered fish cleaning station to clean your catch right at the dock. Beyond the oversized garage with walk-through tackle room, there’s plenty of additional storage in the gated outdoor area with a concrete pad large enough for a boat trailer. Luxurious primary suite and one guest suite are conveniently located downstairs. Two ensuite bedrooms upstairs share an extra-long deck spanning the entire width of the second floor for killer water views. The fifth bedroom doubles as an ideal flex space, perfect for a home office or a hobby room. Don’t miss out on this opportunity to own a beautifully designed turnkey property in the peaceful and highly desirable Island Moorings neighborhood with low HOA dues and no short-term rentals!

Investor Tools

Property Icon
$1,762,000
Estimated Property Value
$1,415,000Estimated Mortgage Balance
$365,595Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,386/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,826
$1,294,759
2025
$949,642
$345,117
$1,294,759
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,826
$1,294,759

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Na
Conventional
$1,415,000
No
First
Jul 11, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,396,405
$365,595
20%
79%
$8,484/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.

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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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386 Mustang Blvd | Property Details | No Agent List