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$451,902

NAL Estimated Property Value

6300 PADRE BLVD. 1005, SOUTH PADRE ISLAND, TX, 78597

$587,473 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,285 Sq Ft
price_per_sqft$459.52 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
AppliancesDryer, Washer, Electric Water Heater
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size858 sqft

Building Information

Year Built1975
Stories1
Roof Type114

Land Information

APN67-0361-0000-0704-00
SubdivisionSolare Condominiums
Land UseResidential
Legal DescriptionSOLARE CONDOMINIUMS UNT 704 PLUS 0.8262 % INT IN COM AREA (2025' 4TH AMEND DEC DOC 2024-28124 FILED 08/09/2024)(2012 CONDO DE
Census Tract012305
Assessed Land Value$30,924
Assessed Improvement Value$420,978
Assessment Year2025

About this property

Perfectly positioned to offer breathtaking views of the sparkling Gulf of Mexico, Solare provides both serene beauty and unparalleled convenience. The tower features rare & expansive outdoor spaces, perfect for enjoying the lush surroundings. The condo offer ample space to accommodate the entire family and their needs. Enjoy the tranquility and easy access that make Solare a truly exceptional place to call home away from home.

Investor Tools

Property Icon
$451,902
Estimated Property Value
$151,518Estimated Mortgage Balance
$300,384Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$587,473
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$829/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,685
$451,902
2025
$30,924
$420,978
$451,902
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,685
$451,902

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Goldwater Bank Na
Conventional
$165,000
No
First
Apr 13, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,518
$300,384
66%
34%
$886/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,020/mo
$886/mo
+$134/mo
2.7%

City: SOUTH PADRE ISLAND

6300 PADRE BLVD. 1005 | Property Details | No Agent List