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$559,000

5497 State Highway 361 55, Port Aransas, TX, 78373

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,189 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$470.14 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available

Exterior

Private PoolPrivate Pool
Lot Size3,485 sqft

Building Information

Garage Spaces164

Land Information

APN8568-0000-0260
Land UseResidential
Legal DescriptionSUNRISE BEACH CONDOMINIUMS UNIT 26 PLUS 1.5873 % INT IN COM AREA
Census Tract006205
Assessed Land Value$166,992
Assessed Improvement Value$424,027
Assessment Year2025

About this property

Discover your ideal coastal investment and getaway in Mustang Island’s newest and most coveted short-term rental community. This pre-construction 4-bedroom, 3.5-bath beach home blends timeless coastal design with modern comfort, positioned perfectly between Cinnamon Shore North and Cinnamon Shore South. Designed for relaxed island living, the home will feature shiplap interior walls and ceilings, creating the breezy, high-end coastal aesthetic that buyers and renters love. The gorgeous kitchen will include quartz countertops and stainless-steel appliances, offering both durability and style. The elevated piling construction provides expansive ground-level space—perfect for creating your dream outdoor entertainment zone, with plenty of room for games, gatherings, grilling, and lounging after a day at the beach. Enjoy golf-cart access to the community boardwalk, making beach days effortless, plus a sparkling community pool just steps away. With prime placement in a proven rental area and built with today’s most desirable finishes, this home checks all the boxes for a smart investment and an unforgettable beach retreat.Secure your slice of Mustang Island now and customize your finishes while there’s still time. Let the coastal lifestyle begin!

Investor Tools

$272,850Estimated Mortgage Balance
$318,169Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,546 /month
Positive
Cash Flow Estimate:
$1,182 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$602/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,269
$591,019
2025
$166,992
$424,027
$591,019
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,269
$591,019

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$286,298
No
First
Sep 28, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,850
$318,169
53%
46%
$1,717/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

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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: Port Aransas

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5497 State Highway 361 55 | Property Details | No Agent List