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$478,000

NAL Estimated Property Value

600 PADRE BLVD. 2409, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,055 Sq Ft
price_per_sqft$374.41 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size2,435 sqft

Building Information

Year Built1977
Stories1

Land Information

APN67-5200-0010-2030-00
SubdivisionIsla De Sol Condominiums
Land UseReal Property Single Family
Legal DescriptionSO PADRE IS- ISLA DEL SOL COND PAD RE BEACH ACRES PT TRS 9-10 APT A-203, 2.2720% INT IN COM AREA
Census Tract012305
Assessed Land Value$142,902
Assessed Improvement Value$216,098
Assessment Year2025

About this property

This two-bedroom, two-bath condo is the premium unit in a private gated beachfront complex on South Padre Island. Situated on the south-facing fourth floor corner, this unit has a wrap-around balcony with breathtaking views of the beach and a refreshing southeasterly breeze. The kitchen is open to the great room, and the dining area can accommodate a table for eight. Features include a laundry room and access to the balcony from both the great room and the master bedroom. Complex amenities include a swimming pool, elevators, manicured grounds and private beach access.

Investor Tools

Property Icon
$478,000
Estimated Property Value
$125,332Estimated Mortgage Balance
$352,668Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,868 /month
Positive
Cash Flow Estimate:
$956 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,105
$359,000
2025
$142,902
$216,098
$359,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,105
$359,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Goldwater Bank Na
Conventional
$140,500
No
First
Sep 24, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,332
$352,668
73%
26%
$843/mo

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: SOUTH PADRE ISLAND

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600 PADRE BLVD. 2409 | Property Details | No Agent List