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$505,000

NAL Estimated Property Value

500 PADRE BLVD. 607, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,039 Sq Ft
price_per_sqft$490.86 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size601 sqft

Building Information

Year Built1979
Stories1
Roof Type114

Land Information

APN67-7630-0000-4502-00
Lot Number6,AN
SubdivisionSea Island Tower Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS- SEA ISLAND TOWER PADRE IS UNSUBD PT LOT AN-6 BK A APT 4502 BLDG A, .9712% INT IN COM AREA
Census Tract012305
Assessed Land Value$21,563
Assessed Improvement Value$445,036
Assessment Year2025

About this property

This gorgeous, totally-remodeled, and fully-furnished 2 bedroom/2 bathroom ocean-front condo is the perfect investment for anyone looking to expand their portfolio, and/or who dreams of the beach life. Complete with a solid rental history and recent upgrades for the building, this is the perfect opportunity for those seeking a serene sanctuary, and who have a penchant for style. Additional features include a balcony overlooking the ocean, and a front desk at a full-service resort, including 2 pools, hot tubs, a restaurant, bars, entertainment, coffee shop, room service, and meeting rooms. See Docs for the disclosures. This property is conveniently-located exactly 1.3 miles from the entertainment district, 4.7 miles from HEB, 6 miles from Port Isabel High School, and offers views of SpaceX launches. It is, also, just minutes away from restaurants, gas stations, and shopping. *Robstella Zuniga, of Keystone Abstract TX LLC, required as the Escrow Officer.* *CONTACT LA FOR MORE INFO.*

Investor Tools

Property Icon
$505,000
Estimated Property Value
$0Estimated Mortgage Balance
$505,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$872/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,935
$466,599
2025
$21,563
$445,036
$466,599
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,935
$466,599

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$505,000
100%
0%
$0/mo

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: SOUTH PADRE ISLAND

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500 PADRE BLVD. 607 | Property Details | No Agent List