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
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$16,000,000

NAL Estimated Property Value

500 PADRE BLVD. #605, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,039 Sq Ft
price_per_sqft$360.92 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony

Building Information

Year Built1961
Stories1
Roof Type183
Garage Spaces44

Land Information

APN67-6820-0010-0061-00
SubdivisionPadre Island Unsubdivided Abst 260
Land UseCommercial
Legal DescriptionSO PADRE IS - PADRE ISLAND UNSUBDI VIDED UNSUBD-BLDG ONLY L OT AN-6 BLK A
Census Tract012305
Assessed Improvement Value$16,000,000
Assessment Year2025

About this property

BEST VALUE IN ISLA GRAND! MOTIVATED SELLER! What better way to start the day than watching the sunrise over the Gulf from your private balcony in one of the most sought after resorts! This fully furnished, picture-perfect, 2 bedroom 2 bath condo encapsulates the ultimate in beachside living. Resort amenities include 2 pools (1 heated), hot tub, poolside bar, tennis courts, restaurants, a nightclub, gift shop, outdoor burger shack grill, coffee shop, activities and more. Unit #705 also for sale.

Investor Tools

Property Icon
$16,000,000
Estimated Property Value
$541,366Estimated Mortgage Balance
$15,458,634Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$96,000 /month
Positive
Cash Flow Estimate:
$32,000 /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
$29,341/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$272,092
$16,000,000
2025
N/A
$16,000,000
$16,000,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$272,092
$16,000,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kenneth Martin
Unknown
$775,000
No
First
Jan 15, 2013
Jan 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$541,366
$15,458,634
96%
3%
$4,647/mo

City: SOUTH PADRE ISLAND

500 PADRE BLVD. #605 | Property Details | No Agent List