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$538,352

NAL Estimated Property Value

5909 Padre Blvd # 403, South Padre Island, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,252 Sq Ft
price_per_sqft$375.32 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDisposal, Microwave, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size1,790 sqft

Building Information

Year Built2006
Stories1
Roof Type114

Land Information

APN67-1606-0000-0403-00
SubdivisionLas Marinas Condominiums
Land UseResidential
Legal DescriptionUNT 403 LAS MARINAS CONDOMINIUMS (CONDO DEC VOL 13916 PG 1 FILED 6/6/07)
Census Tract012305
Assessed Land Value$58,431
Assessed Improvement Value$479,921
Assessment Year2025

About this property

Las Marinas #403 is a beautiful channel front condo located on sunny South Padre Island. Featuring a large kitchen island and stainless steel appliances in the kitchen with decorative backsplash. Tile floors throughout and convenient in-unit washer/dryer & walk-in pantry. Offered fully furnished. Grounds keeper on duty 7 days a week. Enjoy all that Las Marinas has to offer - deeded boat slip, elevator, infinity pool w/ waterfall, shaded poolside cabana, fishing deck, plenty of parking, & tranquility of the channel/bay side of the island.

Investor Tools

Property Icon
$538,352
Estimated Property Value
$378,412Estimated Mortgage Balance
$159,940Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,230 /month
Positive
Cash Flow Estimate:
$1,077 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$987/month
$1,800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,155
$538,352
2025
$58,431
$479,921
$538,352
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,155
$538,352

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fernandez Group Llc
Purchase Money Mortgage
$398,400
No
First
Aug 9, 2023
Sep 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$378,412
$159,940
29%
70%
$2,389/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,300/mo
$4,189/mo
$-2,889/mo
2.9%

City: South Padre Island

5909 Padre Blvd # 403 | Property Details | No Agent List