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$936,000

NAL Estimated Property Value

424 Mermaid Tail Ln, Port Aransas, TX, 78373

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,575 Sq Ft
price_per_sqft$657.14 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Gas Cooktop, Disposal, Microwave, Refrigerator, Range Hood
FlooringLaminate, Tile

Exterior

Exterior FeaturesDeck
Lot Size3,136 sqft

Building Information

Stories2
Roof Type114
Garage Spaces1

Land Information

APN6301-0005-0110
Lot Number11
Land UseInventory, Improved Residential
Legal DescriptionPALMILLA BEACH P.U.D. UNIT 6A BLK 5 LOT 11
Census Tract006205
Assessed Land Value$131,493
Assessed Improvement Value$536,336
Assessment Year2025

About this property

Welcome to 424 Mermaid Tail! This floorplan encompasses 1,575 sqft, offering 3 bedrooms and 3.5 baths. Ascend to the upper level to discover the primary bedroom, kitchen, and living area. The kitchen, adorned with a large island, serves as the heart of the home and effortlessly connects to the living area, creating an inviting gatherings area. Downstairs, two additional bedrooms and a spacious sitting room await, providing versatile spaces for relaxation and leisure. Nestled on a fenced corner lot, surrounded by verdant greenery, this outdoor space offers a tranquil retreat for all activities, with walking trails off of the front entrance, adding to its charm and accessibility. This home is located in Palmilla’s new Waters Edge village. Designed to embrace the land’s nature contours, Waters Edge marries the beauty of the native landscape with classic coastal architecture. The result is meandering streetscapes, lush greenways, waterways, and gorgeous beach homes interwoven through 165 acres of Mustang Island’s best real estate. Waters Edge homeowners have 100% access to all the amenities at Palmilla Beach.

Investor Tools

Property Icon
$936,000
Estimated Property Value
$819,934Estimated Mortgage Balance
$116,066Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,210 /month
Positive
Cash Flow Estimate:
$2,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$578/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,260
$667,829
2025
$131,493
$536,336
$667,829
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,260
$667,829

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jefferson Bank
Conventional
$828,000
No
First
May 5, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$819,934
$116,066
12%
88%
$5,371/mo

City: Port Aransas

424 Mermaid Tail Ln | Property Details | No Agent List