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$414,000

NAL Estimated Property Value

71 Nassau Drive 405, Rockport, TX, 78382

$479,944 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,378 Sq Ft
price_per_sqft$288.82 / 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, Disposal, Microwave, Refrigerator, Range Hood, Dryer, Washer
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBoat Ramp, Deck, Dock, Rain Gutters, Landscaping

Building Information

Year Built1965

Land Information

APN7026-405
SubdivisionAllegro Isle Condominiums
Land UseResidential
Legal DescriptionALLEGRO ISLE CONDOMINIUMS, UNIT 405 & 1/20 INT. COMMON ELEMENTS
Census Tract950200
Assessed Land Value$70,000
Assessed Improvement Value$291,900
Assessment Year2025

About this property

BACK UP OFFERS ACCEPTED, Come Show! WATER VIEWS I FULLY FURNISHED I GREAT HOA Wake up to Little Bay views and Rockport sunsets from this beautifully FULLY RENOVATED 3-bedroom, 3-bath condo in the heart of Key Allegro. Located on the top level of Allegro Isle Condos, Unit 405 offers a quiet, private feel with elevated views of the water and front-row seats to Rockport’s seasonal fireworks shows. The open layout features vaulted ceilings on both levels, creating a bright and spacious coastal feel. The kitchen is designed for both function and style with granite countertops, stainless steel appliances, low-profile microwave, glass tile backsplash, and under-cabinet lighting, plus a convenient wet bar for entertaining. She’s got major improvements including all new plumbing, electrical, and HVAC systems, high-efficiency spray foam insulation, and storm-rated double-pane windows for improved energy efficiency and comfort. Sold fully furnished and short-term rental ready—making it truly turn-key for personal use or rental income. Enjoy outdoor living with comfortable patio furniture and a gas grill, perfect for relaxing evenings overlooking the bay. Allegro Isle residents and guests enjoy excellent amenities including a private dock and boardwalk, waterfront palapa, community pool, gazebo lounge area, and fish-cleaning station with running water. The modest $350/month HOA fee covers extensive services including water, gas for hot water, cable TV, internet, lawn care, dock maintenance, pool maintenance, and site lighting, making ownership simple and low-maintenance. The association is well-managed and financially sound, with no known special assessments or active litigation, offering added confidence for both full-time owners and investors. Whether you're searching for a coastal retreat, full-time residence, or income-producing vacation rental, this Key Allegro condo offers an exceptional opportunity to enjoy the best of Rockport waterfront living.

Investor Tools

Property Icon
$414,000
Estimated Property Value
$177,056Estimated Mortgage Balance
$236,944Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$479,944
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,484 /month
Positive
Cash Flow Estimate:
$828 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$607/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,217
$361,900
2025
$70,000
$291,900
$361,900
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,217
$361,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$195,000
No
First
Jun 18, 2021
Jul 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,056
$236,944
57%
43%
$1,170/mo

Learn About the Market: Opportunity in Texas

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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.

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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 Drive 405 | Property Details | No Agent List