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$459,000

3960 Martin Luther King Jr Dr, Port Arthur, TX, 77640

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,686 Sq Ft
price_per_sqft$272.24 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesMicrowave, Dishwasher

Exterior

Exterior FeaturesBoat Lift, Boat Slip
Lot Size2.79 acres

Building Information

Garage Spaces3

Land Information

APN300123-000-117000-00000
Subdivision123 D. Gohagen
Land UseResidential
Legal DescriptionTR 101 REPLAT TR 3-A 123 D GAHAGEN 2.785
Census Tract011600
Assessed Land Value$101,676
Assessed Improvement Value$25,000
Assessment Year2025

About this property

Rare waterfront opportunities like this are almost gone. Situated on over 3 acres on Pleasure Island, this unique property is one of the last homes available near the Causeway Bridge connecting Texas and Louisiana with the first private pier as you enter Texas. Enjoy breathtaking views in every direction, with Sabine Lake stretching behind the property and the Port Arthur Canal in front. The 1686 SF home offers a peaceful waterfront lifestyle with a private dock and boat lift for easy access to some of the area's best fishing and boating. A large shop provides ample storage and workspace, while an additional motorhome living space offers flexibility for guests or extended stays. Whether you're looking for a weekend retreat, investment property, or waterfront getaway, this one-of-a-kind location delivers unmatched views, privacy, and access to the water. Don't miss your chance to own a truly special piece of the Texas Gulf Coast.

Investor Tools

$0Estimated Mortgage Balance
$172,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,754 /month
Positive
Cash Flow Estimate:
$918 /month

Interested in this property?

Tim Williams

Keller Williams Elite

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$317/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,938
$126,676
2025
$101,676
$25,000
$126,676
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,938
$126,676

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$172,000
100%
0%
$0/mo

City: Port Arthur

3960 Martin Luther King Jr Dr | Property Details | No Agent List