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$391,000

NAL Estimated Property Value

4901 Laguna Blvd # 607, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,047 Sq Ft
price_per_sqft$286.06 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size632 sqft

Building Information

Year Built1986
Stories1
Roof Type114

Land Information

APN67-2200-0607-0400-00
Lot Number5,8,S
SubdivisionGalleon Bay Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS - GALLEON BAY CONDOS SEC X REPLAT BLK 152 LOTS 5-8 UNIT 607
Census Tract012305
Assessed Land Value$23,579
Assessed Improvement Value$306,421
Assessment Year2025

About this property

Enjoy life on the waterfront at Galleon Bay! This top floor condo offers the best of both worlds - ocean AND bay views! Selling fully furnished, it's ready for you to move in and start enjoying island life. Picture yourself sitting on the balcony, watching the boats sail by as the pelicans dive for fish. Both bedrooms have large closets, ensuite baths, & windows that provide a view of the ocean. The kitchen has granite counters, & plenty of cabinet space. There is a convenient in-unit washer/dryer & large utility room. This is a corner unit with additional square footage. Galleon Bay amenities include pool, hot tub, common boat docks, fishing pier, fishing lights, cleaning station, BBQ & picnic area, covered parking, & an elevator.

Investor Tools

Property Icon
$391,000
Estimated Property Value
$113,932Estimated Mortgage Balance
$277,068Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,333
$330,000
2025
$23,579
$306,421
$330,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,333
$330,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
1st Alliance Mortgage Llc
Conventional
$125,000
No
First
Aug 31, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,932
$277,068
70%
29%
$750/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$750/mo
+$550/mo
4.0%

City: SOUTH PADRE ISLAND

4901 Laguna Blvd # 607 | Property Details | No Agent List