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$520,000

NAL Estimated Property Value

406 Padre Blvd # 103, South Padre Island, TX, 78597

Recently SoldInfo
8/28/26
Beds2 Beds
Baths2 Bath
Baths1,379 Sq Ft
price_per_sqft$380.71 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater (Other), Water Heater (Other Location), Other
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesGutters/Spouting, Tennis Court(s)
Lot Size658 sqft

Building Information

Year Built1982
Stories1
Roof Type114

Land Information

APN67-7280-0010-0103-00
SubdivisionSaida Towers 4 Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS - SAIDA TOWERS IV UNIT 103, 1.1700% INT IN COM AREA
Census Tract012305
Assessed Land Value$34,779
Assessed Improvement Value$334,008
Assessment Year2025

About this property

Beachfront living at its best in the highly sought-after Saida IV resort on South Padre Island. This first-floor residence offers the convenience of no stairs or elevators, with easy access to the pool, beach walkways, and resort amenities—ideal for owners and guests of all ages. Located on Padre Boulevard, this gated Gulf-front community provides direct beach access and a true resort lifestyle. Saida IV features multiple swimming pools (including a heated pool), hot tubs, tennis courts, poolside bar & grill, lush tropical landscaping, and 24-hour security. The first-floor location allows for quick in-and-out access and enhances usability for full-time living or short-term rental use. Centrally located on South Padre Island, the complex is walking distance to restaurants, shopping, and entertainment, with easy access to water sports, island events, and year-round coastal activities. Ideal as a primary residence, vacation home, or income-producing property.

Investor Tools

Property Icon
$520,000
Estimated Property Value
$0Estimated Mortgage Balance
$520,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$739/month
$517/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,272
$368,787
2025
$34,779
$334,008
$368,787
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,272
$368,787

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$542,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$517/mo
+$783/mo
3.0%

City: South Padre Island

406 Padre Blvd # 103 | Property Details | No Agent List