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$334,000

5973 State Highway 361 Apt 227, Port Aransas, TX, 78373

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$278.75 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size4,530 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0227
SubdivisionLa Mirage Condo
Land UseResidential
Legal DescriptionLA MIRAGE CONDO, UNIT 227, 0.80% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$81,864
Assessed Improvement Value$200,803
Assessment Year2025

About this property

VIEWS OF THE WATER ARE THE BEST and you won't be disappointed with the view from this condo. This 2 bedroom, 2 bath condo is updated and beautiful. The kitchen sparkles with quartz countertops, stainless appliances, farmhouse sink and white cabinetry. Kitchen is fully equipped and the condo is furnished for the new owner to take over and enjoy. Primary suite has room for a king size bed and the guest room offers queen/twin bunk beds. Full size laundry room. La Mirage offers large balconies for enjoying the coastal breezes. The complex has been renovated and now offers pickleball courts, two swimming pools (one is heated in Winter), hot tubs, sand toys for the kids and a recreation room for gatherings with friends. A good value for beachfront living at this complex. Covered parking and overflow parking. Great reviews from previous guests. Come for the weekend or plan a long term stay, this condo will be sure to please.

Investor Tools

Property Icon
$334,000
Estimated Property Value
$205,000Estimated Mortgage Balance
$141,369Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,004 /month
Positive
Cash Flow Estimate:
$668 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,157
$282,667
2025
$81,864
$200,803
$282,667
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,157
$282,667

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Stand Alone First / Home Equity First Lien
$205,000
No
First
Aug 25, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,631
$141,369
42%
58%
$1,070/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$1,070/mo
+$420/mo
5.4%

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.

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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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