166Days on Market

1view

$1,799,900

427 W Farley, Port Aransas, TX, 78373

On Market

2 Beds

3 Bath

1,560 Sq Ft

Single Family Residence

$1,153.78 / sqft

Built in 2019

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Exterior

Lot Size5,097 sqft

Building Information

Year Built2019

Stories2

Land Information

APN5488-0072-0310

Lot Number3A

SubdivisionMustang Island

Land UseResidential

Legal DescriptionMUSTANG ISLAND BLK 72 LOT 3A

Census Tract005104

Assessed Land Value$273,745

Assessed Improvement Value$289,171

Assessment Year2025

About this property

DO NOT BUY TILL YOU SEE THE FAMOUS "WATCHTOWER HOUSE" OF PORT ARANSAS IS FOR SALE. 3 LEVELS OF LIVING SPACE THIS HOME PUSHES THE BOUNDARIES OF BOTH ARCHITECTURAL DESIGN AND SUPERIOR INDUSTRIAL CONSTRUCTION. A RESIDENTIAL WORK OF ART. THREE LEVELS OF LIVING SPACES FEATURE MULTI-BOAT STORAGE, RV PARKING, HULA BAR & GRILL, ELEVATOR CARGO LIFT, IMPACT WINDOWS & DOORS, AND 20KW GENERATOR. THERE IS NO OTHER HOME THAT CAN COMPETE. TWO-STORY MARVEL 2 MASTER BEDROOMS, 2.5 BATHS, 2 LIVING, 2 DINING, CHEF'S KITCHEN W/EAT IN BREAKFAST BAR, UTILITY ROOM, SUMPTUOUS MASTERS W/OVERSIZED SHOWER & ROMAN TUB, UTILITY ROOM, EXPANSIVE WRAP DECKED BALCONY, CONCRETE WALK-WAYS FEATURES: VOLUMINOUS OPEN ARENA LOFT FLOOR PLAN, SOARING CEILINGS, WALLS OF GLASS, RECESS LIGHTING, GROUND-LEVEL AMENITIES 13 FT CEILINGS, MULTI-BOAT & CAR STORAGE, STOREROOM, HULA BAR & OUTDOOR KITCHEN, TV, COMMERCIAL 12X10 GARAGE DOORS, FISH CLEANING STATION, OUTDOOR SHOWER & RESTROOM, DBL-SIDED FENCING, WIRELESS SOLAR CAMERAS

Investor Tools

$1,782,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,782,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$10,799 /month

Positive

Cash Flow Estimate:

$3,600 /month

Interested in this property?

Annette Scott

National One Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,175/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,191

$562,916

2025

$273,745

$289,171

$562,916

Tax History

Year

Tax Paid

Assessed Value

2024

$5,191

$562,916

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,782,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,490/mo

N/A

+$1,490/mo

1.0%

Learn About the Market: Opportunity in Texas

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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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