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$1,061,734

6502 Fountain Way, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,750 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$133.33 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
Garage AvailableGarage Available

Exterior

Lot Size3,750 sqft

Building Information

Year Built2004
Stories3
Roof Type114
Garage Spaces2

Land Information

APN67-6421-0030-0272-00
Lot Number27B
SubdivisionThe Villas Of South Padre Subd
Land UseResidential
Legal DescriptionTHE VILLAS OF SOUTH PADRE LOT 27B BLK 3 (CAB 1 SLOT 1886-A & B CCMR)
Census Tract012305
Assessed Land Value$236,063
Assessed Improvement Value$825,671
Assessment Year2025

About this property

Immaculate 4 bedroom, 4.5 bath home in prestigious gated, guarded private community on South Padre Island. Each bedroom has its own bathroom with a half bath downstairs. Master bath has jacuzzi tub. Large open area for living, kitchen and dining room. 3 stories with easy access to attic for storage. Shafts available for elevator. 2 car garage. Fenced. So close to the beach! Beautifully furnished.

Investor Tools

Property Icon
$1,061,734
Estimated Property Value
$375,000Estimated Mortgage Balance
$727,220Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,370 /month
Positive
Cash Flow Estimate:
$2,123 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,947/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,056
$1,061,734
2025
$236,063
$825,671
$1,061,734
No

Tax History

Year
Tax Paid
Assessed Value
2025
$18,056
$1,061,734

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$375,000
No
First
Sep 30, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,514
$727,220
68%
32%
$2,249/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,900/mo
$2,249/mo
$-349/mo
2.1%

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: SOUTH PADRE ISLAND

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6502 Fountain Way | Property Details | No Agent List