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$225,000

NAL Estimated Property Value

5550 Gulf Blvd # 701, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths368 Sq Ft
price_per_sqft$244.29 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size348 sqft

Building Information

Year Built1986
Stories1
Roof Type114

Land Information

APN67-1800-0701-0700-00
Lot Number1,18,LO
SubdivisionFlorence 1 Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS - FLORENCE CONDO UNIT 701, FIESTA ISLES LOT 1 & SO 50' LOT 2 BLK 178, PADRE BEACH SECT XI, LOTS 14 & 18 BLK 176,
Census Tract012305
Assessed Land Value$23,109
Assessed Improvement Value$190,213
Assessment Year2025

About this property

PRICE REDUCED ONCE AGAIN TO SELL!! WELL BELOW CCAD 2015 MARKET VALUE OF $115,362!! Beautiful, well maintained top floor Studio/Efficiency Condo sold fully furnished; tile flooring; new Appliances, A/C and Water Heater. Decorative tiled Balcony with wonderful panoramic view of the Gulf of Mexico and the Laguna Madre Bay-Best of Both!! Complex amenities include: beachfront pool and hot tub; limited covered parking; outside and remote parking. Rental property producing rental income. Idea Condo for rental/investment or a getaway vacation to enjoy South Padre Island. Motivated Sellers!!

Investor Tools

Property Icon
$225,000
Estimated Property Value
$0Estimated Mortgage Balance
$225,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,628
$213,322
2025
$23,109
$190,213
$213,322
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,628
$213,322

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$225,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,020/mo
N/A
+$1,020/mo
5.4%

City: SOUTH PADRE ISLAND

5550 Gulf Blvd # 701 | Property Details | No Agent List