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Owner Contacts

$397,000

NAL Estimated Property Value

5973 State Highway 361 Apt 236, Port Aransas, TX, 78373

Off Market

3 Beds

2 Bath

1,250 Sq Ft

Condos / Townhouses

$332 / sqft

Built in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

Exterior

Lot Size5,401 sqft

Building Information

Year Built1984

Roof Type172

Land Information

APN4060-0000-0236

SubdivisionLa Mirage Condo

Land UseResidential

Legal DescriptionLA MIRAGE CONDO, UNIT 236, 0.95% COMMON AREA INTEREST

Census Tract006205

Assessed Land Value$97,200

Assessed Improvement Value$264,512

Assessment Year2025

About this property

Overlooking the DUNE-SCAPE and GULF beyond, this 3 bedroom 2 bath condo at the freshly renovated La Mirage complex boast UNOBSTRUCTED VIEWS centered over the beach boardwalk! This beachfront condo has been tastefully updated to include vinyl plank flooring, quartz countertops & crisp subway tile back splash. These modern finishes paired w/ antique furnishings create a sophisticated bohemian beach vibe, making the unit turnkey & rental ready! The La Mirage complex conveniently neighbors Cinnamon Shore South & is a short ride to Port Aransas or North Padre Island. Residents can enjoy the convenience of a dedicated front desk management team, a community boardwalk, & two inviting pools - one of which is heated for year-round enjoyment. For those seeking relaxation, there are hot tubs to unwind in & a splash pad for the little ones to frolic in. Whether you're looking for a peaceful getaway or an investment property, this beachfront condo encapsulates the essence of coastal living.

Investor Tools

$397,000

Estimated Property Value

$124,345Estimated Mortgage Balance

$272,655Estimated Equity

68% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,490 /month

Positive

Cash Flow Estimate:

$830 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$479/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,768

$361,712

2025

$97,200

$264,512

$361,712

Tax History

Year

Tax Paid

Assessed Value

2024

$3,768

$361,712

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

City National Bank Of Taylor

N/A

$181,200

N/A

First

Aug 16, 2012

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$124,345

$272,655

68%

31%

$1,087/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,950/mo

$1,087/mo

+$863/mo

5.9%

Learn About the Market: Opportunity in Texas

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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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