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$459,000

6021 State Highway 361 Apt 507, Port Aransas, TX, 78373

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,003 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$457.63 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Dryer, Washer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size3,877 sqft

Building Information

Year Built1979
Roof Type172

Land Information

APN3068-0005-0507
SubdivisionGulf Shores Condo
Land UseResidential
Legal DescriptionGULF SHORES CONDO, UNIT 507, 1.923% COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$69,815
Assessed Improvement Value$484,929
Assessment Year2025

About this property

5th FLOOR GULF VIEW PARADISE! This 2-bed, 2-bath gem boasts panoramic Gulf views from a bright, open-concept haven. Completely remodeled in 2020 and never in rental since, 507 Gulf Shores is move-in ready with premium furnishings, easy to keep clean wood-look ceramic tile flooring and a fully stocked kitchen for all your culinary adventures. The large hurricane deck doors flood the space with sunlight, and make a seamless flow to your private balcony. Outside you’ll find plenty of luxury patio seating perfect for morning coffee, evening sunsets, and soaking in that coastal breeze. Gulf Shores Condos offers direct beach access via the boardwalk, plus a pool, hot tub, grilling area, fire pit seating, hammock lounge, and a rec room with stunning views, foosball, and ping pong. Perfectly nestled for spectacular views and easy access, this unit is a dreamy getaway or investment goldmine. So, HURRY… Don’t Miss The Boat!

Investor Tools

$221,553Estimated Mortgage Balance
$334,097Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,328 /month
Positive
Cash Flow Estimate:
$1,109 /month

Interested in this property?

Christopher Shanklin

Mark Grosse Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,206/month
$1,413/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,699
$554,744
2025
$69,815
$484,929
$554,744
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,699
$554,744

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Purchase Money Mortgage
$249,375
No
First
Aug 17, 2020
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,553
$333,191
60%
40%
$1,496/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.

Explore Texas Explore This Area
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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6021 State Highway 361 Apt 507 | Property Details | No Agent List