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$250,000

5973 State Highway 361 102, Port Aransas, TX, 78373

$285,488 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,250 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$200 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s)
Lot Size5,401 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0102
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 102, 0.95% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$97,200
Assessed Improvement Value$240,390
Assessment Year2025

About this property

Welcome to La Mirage, perfectly situated in beautiful Port Aransas, TX! Recently renovated, this beachfront community offers pickleball courts, a basketball court, two swimming pools (one heated in the winter), hot tubs, sand toys for the kids, an outdoor surfboard shower, and a recreation room complete with a ping-pong table, foosball, and a full kitchen—everything you need for memorable gatherings. Spacious balconies capture the refreshing coastal breeze, making La Mirage one of the best beachfront values around. La Mirage is just a short ride into Port Aransas, where you’ll find dining, shopping, recreation, and entertainment. Pets are allowed for owners only. Now available is Unit 102—an updated 3-bedroom, 2-bath condo with a brand-new HVAC system being offered fully furnished. You’ll enjoy an assigned covered parking space with plenty of overflow parking as well. Whether you’re dreaming of a weekend escape or an extended stay, this condo delivers the coastal lifestyle you’re looking for. Plus, on-site rental management (Short Term Allowed) makes ownership effortless.

Investor Tools

$181,738Estimated Mortgage Balance
$173,262Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$285,488
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,130 /month
Positive
Cash Flow Estimate:
$710 /month

Interested in this property?

Cliff Zarbock

Mr. Real Estate & Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
$1,632/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,768
$337,590
2025
$97,200
$240,390
$337,590
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,768
$337,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Foundation Mortgage Corp
Conventional
$182,000
No
First
Apr 8, 2026
May 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$181,738
$173,262
48%
51%
$1,092/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$2,724/mo
$-774/mo
6.6%

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.

Explore Texas Explore This Area
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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