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$429,000

71 Nassau Dr 402, Rockport, TX, 78382

$557,700 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,438 Sq Ft
price_per_sqft$298.33 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Range Hood, Dryer, Washer
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesDeck, Dock, Storage

Building Information

Year Built1965

Land Information

APN7026-402
SubdivisionAllegro Isle Condominiums
Land UseResidential
Legal DescriptionALLEGRO ISLE CONDOMINIUMS, UNIT 402 & 1/20 INT. COMMON ELEMENTS
Census Tract950200
Assessed Land Value$70,000
Assessed Improvement Value$304,660
Assessment Year2025

About this property

Some places are just a vacation. This one lets you live like you're on one every single day. Welcome to waterfront living on Key Allegro, where panoramic Little Bay views, unforgettable sunsets, and a laid-back coastal lifestyle come together in one beautifully renovated, fully furnished condo. Whether you're looking for a weekend escape, full-time residence, or proven investment property, this one checks every box. Wake up with coffee overlooking the water, spend your afternoons fishing from the community docks or lounging poolside, and end each day watching the sun melt into the bay. Tucked away on a private peninsula with no through traffic, Allegro Isle offers the peace, privacy, and coastal charm that make Rockport so desirable. Inside, you'll find an updated open-concept layout with vaulted ceilings, abundant natural light, designer finishes, custom tile work, waterproof flooring, and a move-in-ready interior that's being sold completely furnished—just bring your suitcase. For investors, this condo has a strong history as a successful short-term rental with consistent income, outstanding guest reviews, and professional management already in place for a seamless transition. The $350/month HOA makes ownership refreshingly simple, covering water, gas for hot water, cable TV, high-speed internet, lawn care, dock maintenance, pool maintenance, and site lighting. The association is financially sound with no known special assessments or active litigation, offering added peace of mind. With only 20 units in the community, Allegro Isle offers a rare combination of privacy, convenience, and resort-style amenities in one of Rockport's most sought-after waterfront communities. Some homes are a place to stay. This one is a lifestyle.

Investor Tools

$250,018Estimated Mortgage Balance
$188,982Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$557,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,634 /month
Positive
Cash Flow Estimate:
$878 /month

Interested in this property?

Brianna Myers

Keller Williams Coastal Bend

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$632/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,386
$374,660
2025
$70,000
$304,660
$374,660
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,386
$374,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$277,504
No
First
May 3, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$250,018
$188,982
43%
57%
$1,664/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: Rockport

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71 Nassau Dr 402 | Property Details | No Agent List