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$337,590

NAL Estimated Property Value

5973 State Highway 361 124, Port Aransas, TX, 78373

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,250 Sq Ft
price_per_sqft$118.31 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Dryer, Washer
FlooringLuxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesHot Tub Spa, Sport Court, Landscaping
Lot Size5,401 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0124
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 124, 0.95% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$97,200
Assessed Improvement Value$240,390
Assessment Year2025

About this property

Seller is highly motivated! **Seller is also offering an additional $10,000 concession at closing**, which the buyer may use toward insurance, HOA fees, title policy, property taxes, an interest rate buy-down, closing costs, or other allowable expenses—providing valuable flexibility and immediate savings.Don't miss this opportunity to own a spacious 3-bedroom, 2-bath Gulf-view condo in the beachfront La Mirage Resort. Offering 1,250 square feet of comfortable coastal living, this move-in-ready unit features a large private balcony with beautiful Gulf views and breathtaking sunsets, and outstanding short-term rental income potential. Ideally located on the desirable south side of the complex and just steps from the elevator, this condo provides convenient access to all of La Mirage's resort-style amenities and the beach via a private boardwalk. The kitchen comes fully equipped with all appliances, including refrigerator, stove, dishwasher, and microwave. A washer and dryer are also included, making this a true turnkey opportunity. Whether you're looking for a vacation retreat, second home, or income-producing investment property, this condo offers exceptional versatility. Short-term rentals are allowed and encouraged when not in use by the owners, creating strong rental income potential. La Mirage amenities include: * Private beach access via boardwalk * Two swimming pools (one heated) * Two hot tubs * Four pickleball courts * Sauna * Sports court * Game and gathering room * Four elevators Enjoy coastal living, resort-style amenities, Gulf views, and exceptional buyer incentives—all in one of Port Aransas' most desirable beachfront communities.

Investor Tools

Property Icon
$337,590
Estimated Property Value
$101,390Estimated Mortgage Balance
$236,200Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$192,254
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,026 /month
Positive
Cash Flow Estimate:
$675 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$401/month
$1,603/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,124
$337,590
2025
$97,200
$240,390
$337,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,124
$337,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$105,000
No
First
Jul 31, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,390
$236,200
69%
30%
$630/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$2,233/mo
$-283/mo
6.9%

City: Port Aransas

5973 State Highway 361 124 | Property Details | No Agent List