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$234,132

700 Island Retreat 16, Port Aransas, TX, 78373

Off MarketInfo
Baths1 Bath
Baths396 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$593.43 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,919 sqft

Building Information

Year Built1968
Roof Type172

Land Information

APN3738-0000-0160
SubdivisionIsland Retreat
Land UseResidential
Legal DescriptionISLAND RETREAT, BUILDING B, UNIT 16, 0.66% COMMON AREA INTEREST
Census Tract005103
Assessed Land Value$75,348
Assessed Improvement Value$158,784
Assessment Year2025

About this property

Looking for an Investment, this Coastal Retreat Studio condo is the perfect choice. This condo produces great income and Island Retreat can't be beat. The condo has been updated and is very cute. It comes fully furnished. Two full beds, sofa sleeper, full size appliances, raised ceilings, recessed lighting and vinyl flooring throughout. The complex has 2 pools, beach walkovers, patio/grill area, playground, sport court and onsite laundry. Great location to walk, golf cart or bicycle around Port A.

Investor Tools

Property Icon
$234,132
Estimated Property Value
$0Estimated Mortgage Balance
$96,055Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,070
$234,132
2025
$75,348
$158,784
$234,132
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,070
$234,132

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$149,250
No
First
Apr 5, 2022
Apr 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,077
$96,055
41%
59%
$895/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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700 Island Retreat 16 | Property Details | No Agent List