Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$361,000

NAL Estimated Property Value

4901 State Highway 361 123, Port Aransas, TX, 78373

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths988 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$315.79 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2

Exterior

Lot Size3,920 sqft

Building Information

Year Built1979

Land Information

APN2274-0000-0123
SubdivisionEl Cortez Villas
Land UseResidential
Legal DescriptionEL CORTEZ VILLAS, BUILDING J, UNIT 123, 1.741% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$109,788
Assessed Improvement Value$227,452
Assessment Year2025

About this property

Welcome to Unit #123 - THE FLAMINGO HOUSE- at El Cortez Villas! This charming ground-floor, pool-front condo offers two bedrooms, two baths, and two inviting patios. This unit offers a great open-concept layout with split bedrooms and private on-suite bathrooms, which provide easy entertainment. Convenient parking is right outside the back door. Just a short stroll to the beach, this fully furnished unit promises relaxation and convenience. Enjoy coastal living amenities, including two pools, a golf cart-accessible boardwalk, a fish house, BBQ areas, boat/trailer parking, and lush tropical landscaping. This property is a great investment opportunity with a gross rental income of over $35k in 2023. 2024, this unit will have grossed over 23K January-September. Owners paused rental for personal use from October through December 23rd. During this time, the unit typically averages 10K in gross rental. El Cortez Villas is located 2.5 miles from the heart of Port A and directly next to Cinnamon Shore North. Don't miss your opportunity to own in this very well-maintained complex. El Cortez location offers a quiet beachside experience- walk to the beach and ENJOY!

Investor Tools

Property Icon
$361,000
Estimated Property Value
$118,572Estimated Mortgage Balance
$242,428Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$472/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,854
$337,240
2025
$109,788
$227,452
$337,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,854
$337,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$136,875
No
First
Jul 16, 2019
Jul 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,572
$242,428
67%
33%
$821/mo

City: Port Aransas

4901 State Highway 361 123 | Property Details | No Agent List