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$377,784

NAL Estimated Property Value

5550 Gulf Blvd # 703, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths605 Sq Ft
price_per_sqft$619.83 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Washer, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size588 sqft

Building Information

Year Built1986
Stories1
Roof Type114

Land Information

APN67-1800-0703-0100-00
Lot Number1
SubdivisionFlorence 1 Condominiums
Land UseResidential
Legal DescriptionSO PADRE IS - FLORENCE CONDOS UNIT 703 FIESTA ISLES LOT 1 & S50' L2 BLK 178 PADRE BEACH SEC XI LO TS 14 & 18 BLK 176, 2.340%
Census Tract012305
Assessed Land Value$38,903
Assessed Improvement Value$338,881
Assessment Year2025

About this property

Picture living the island life in this top-floor completely remodeled "penthouse" beachfront condo! A wall of windows in the open concept living area provides a stunning ocean view. The balcony has a 180-degree view of the coastline. The kitchen features stainless steel appliances, quartz counters, & a gorgeous tile backsplash. The spa-like bath has a custom-tiled walk-in shower. Plenty of well-designed storage throughout. Selling fully furnished, with high-quality appliances, convenient in-unit washer/dryer, Natuzzi leather sofa and a Sleep Number mattress. Florence I amenities include pool, hot tub, covered parking, BBQ area, walkway to beach, elevator. Virtual Tours - https://bit.ly/3BGuXTg

Investor Tools

Property Icon
$377,784
Estimated Property Value
$257,647Estimated Mortgage Balance
$120,137Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,267 /month
Positive
Cash Flow Estimate:
$756 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$693/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,425
$377,784
2025
$38,903
$338,881
$377,784
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,425
$377,784

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zillow Home Loans Llc
Conventional
$276,000
No
First
Sep 19, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,647
$120,137
31%
68%
$1,655/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,020/mo
$1,655/mo
$-635/mo
3.2%

City: SOUTH PADRE ISLAND

5550 Gulf Blvd # 703 | Property Details | No Agent List