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$440,000

NAL Estimated Property Value

5909 Padre Blvd # 105, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,256 Sq Ft
price_per_sqft$318.47 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Washer, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size1,799 sqft

Building Information

Year Built2006
Stories1
Roof Type114

Land Information

APN67-1606-0000-0105-00
SubdivisionLas Marinas Condominiums
Land UseResidential
Legal DescriptionUNT 105 LAS MARINAS CONDOMINIUMS (CONDO DEC VOL 13916 PG 1 FILED 6/6/07)
Census Tract012305
Assessed Land Value$58,617
Assessed Improvement Value$381,383
Assessment Year2025

About this property

Welcome to Las Marinas! This beautiful fully-furnished channel front unit is ready for your investment portfolio or personal use. Ideally located on the quiet north side of the island (Sunset Drive and Padre Blvd), with a deeded boat slip, heated infinity pool, hot tub and easy first floor access. Inside you'll find a tranquil water view from the kitchen, dining and living rooms, a modern layout and furnishing, stainless steel appliances, high ceilings, in-unit washer and dryer and a sitting room that could be used for office space or extra sleeping area. Easily self-managed or property management if preferred. Don't let this one slip away!

Investor Tools

Property Icon
$440,000
Estimated Property Value
$354,474Estimated Mortgage Balance
$85,526Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /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
$6,119
$440,000
2025
$58,617
$381,383
$440,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,119
$440,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Unknown
$355,500
No
First
Feb 13, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,474
$85,526
19%
81%
$2,132/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$2,132/mo
$-832/mo
3.5%

City: SOUTH PADRE ISLAND

5909 Padre Blvd # 105 | Property Details | No Agent List