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$220,000

5973 State Highway 361 Apt 325, Port Aransas, TX, 78373

$264,160 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,040 Sq Ft
price_per_sqft$211.54 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator, Dryer, Washer
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesOther, Tennis Court(s)
Lot Size4,530 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4060-0000-0325
SubdivisionLa Mirage Condo
Land UseResidential Condominium
Legal DescriptionLA MIRAGE CONDO, UNIT 325, 0.80% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$81,864
Assessed Improvement Value$200,803
Assessment Year2025

About this property

Enjoy OCEAN AND DUNE VIEWS from the large balcony of this 3rd floor condo. This 2 bedroom, 2 bath unit has everything you need in a beach retreat. Kitchen is fully equipped and the condo is sold furnished for the new owner to take over and enjoy. Primary suite has a king size bed and the guest room offers a queen. The full size laundry room is a rarity! Recent 2025 upgrades include new flooring throughout, new fridge, fresh paint and more. In 2023, Logicool HVAC(2023) system was replaced inside(2023) and outside(2026), impact rated doors and windows, and new water heater, just to name a few improvements! The complex has been renovated and now offers pickleball courts, basketball, two swimming pools (one is heated in Winter), hot tubs, sand toys for the kids, outdoor surfboard shower and a recreation room complete with ping pong table, foos ball and a kitchen to make gatherings with friends a blast. Large balconies capture the coastal breeze, making this community a true beachfront value. An assigned covered parking space plus ample overflow parking are included. Whether for a weekend getaway or extended stay, this condo delivers the coastal lifestyle you’re looking for. On-site rental management makes ownership easy. Ask about Owner Finance option!

Investor Tools

$169,263Estimated Mortgage Balance
$114,148Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$264,159
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,696 /month
Positive
Cash Flow Estimate:
$565 /month

Interested in this property?

Sarah Park

Kuper Sotheby's Intl Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$381/month
$1,374/month
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
Security Service Fcu
Conventional
$170,000
No
First
Jan 2, 2026
Feb 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,263
$113,404
40%
60%
$1,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$2,394/mo
$-904/mo
6.3%

City: Port Aransas

5973 State Highway 361 Apt 325 | Property Details | No Agent List