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$741,000

NAL Estimated Property Value

5101 LAGUNA BLVD., SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,538 Sq Ft
price_per_sqft$360.79 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Washer, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,102 sqft

Building Information

Year Built1987
Stories1
Roof Type114

Land Information

APN67-7697-0302-0020-00
Lot Number1,3,5,L
SubdivisionSunset Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS- SUNSET CONDOS UNIT 302 TYPE B LOTS 1-5 BLK 159 LOTS 1-5 BLK 160 LOTS 1-3 BLK 161, 1.3114% INT IN COM AREA
Census Tract012305
Assessed Land Value$39,357
Assessed Improvement Value$683,093
Assessment Year2025

About this property

A MUST SEE luxury waterfront at its finest w/largest complex floor plan next to the penthouse! Move right in to this elegantly remodeled 3 bdrm overlooking the pool & bay. Comfortable sized bdrms w/open concept living area. Tasteful accents include glass tile walk-in showers and kitchen backsplashes, vessel sinks, glass doors, wainscoting, lighted cabinetry and more! Master suite has private entry to balcony, which stretches to living area. Bask in the tropical breezes and be mesmerized with the dynamic bay/sunset views. Plus, great amenities of 2 outside pools, hot tub, boat slips, tennis, basketball, health club and conference room. On-site management to assist with all your needs, including rental. Come, relax in style!

Investor Tools

Property Icon
$741,000
Estimated Property Value
$196,680Estimated Mortgage Balance
$544,320Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,446 /month
Positive
Cash Flow Estimate:
$1,482 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,286
$722,450
2025
$39,357
$683,093
$722,450
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,286
$722,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank (Lexington)
Unknown
$328,000
No
First
Nov 27, 2009
Nov 2012

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,680
$544,320
73%
27%
$1,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$1,967/mo
$-287/mo
2.7%

City: SOUTH PADRE ISLAND