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$306,000

NAL Estimated Property Value

401 ISLAND AVE., PORT ISABEL, TX, 78578

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths800 Sq Ft
price_per_sqft$281.25 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Washer, Electric Water Heater
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2,953 sqft

Building Information

Year Built1985
Stories1
Roof Type114

Land Information

APN47-6000-0010-0020-00
SubdivisionOyster Cove Condos 1
Land UseReal Property Single Family - Condo
Legal DescriptionOYSTER COVE CONDOS I UNIT A-2 BLDG A & BOAT SLIP #1, 3.80028% INT IN COM AREA
Census Tract012304
Assessed Land Value$80,714
Assessed Improvement Value$164,523
Assessment Year2025

About this property

This beautifully furnished 2-bedroom, 1-bath waterfront condo offers stunning sunset views and an ideal blend of comfort and convenience. Nestled in the gated Oyster Cove community, it provides privacy and security, perfect for peaceful living, vacation retreats, or long-term stays. The spacious, modern interior features an open-concept kitchen, dining, and living area with large windows that showcase the water views from the balcony. Enjoy direct access to the channel, where you can launch your boat, paddleboard, or kayak from your dedicated boat slip. Additional amenities include a private storage closet for your boating or outdoor gear and two assigned parking spaces The community offers a beautifully maintained pool, hot tub, gated entry, and additional guest parking. Ideally located close to shopping, restaurants, and just minutes from the island, this serene turn-key condo is ready to welcome you home!

Investor Tools

Property Icon
$306,000
Estimated Property Value
$0Estimated Mortgage Balance
$306,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,466
$245,237
2025
$80,714
$164,523
$245,237
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,466
$245,237

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$306,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$893/mo
N/A
+$893/mo
3.5%

City: PORT ISABEL

401 ISLAND AVE. | Property Details | No Agent List