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$1,500,000

718 E Port Drive, Port Mansfield, TX, 78598

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,706 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$554.32 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Oven, Electric Range, Disposal, Refrigerator, Range Hood
FlooringLaminate, Tile

Exterior

Exterior FeaturesBoat Lift, Deck, Dock
Lot Size3,149 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN412589
Lot Number1
Land UseResidential
Legal DescriptionEAST PORT DRIVE SUBD., BLOCK 1, LOT 1, LAND LEASEHOLD INTEREST, ACRES .0723
Census Tract950700
Assessed Land Value$18,428
Assessed Improvement Value$211,313
Assessment Year2025

About this property

At the end of Texas lies the Gulf Coast secret of Port Mansfield, surrounded by legendary South Texas ranches and the Lower Laguna Madre. Only a finite amount of real estate exists here—and at the end of the harbor sits the ultimate waterfront home base! This extensively remodeled and fully furnished 2,700 SF, two-story waterfront home offers 4 bedrooms, 3 baths, 2 spacious living areas, plus an additional bunk room with custom built-in bunks. An indoor elevator makes moving groceries, luggage, fishing gear and supplies between floors easy. Hurricane shutters on all windows provide added protection, while abundant closets and storage space keep everything organized. Located directly on the Port Mansfield Marina, the property features 3 private boat slips with updated boat lifts, including one currently accommodating a 42' offshore center console. Step into your backyard, get on the boat and head for the legendary Lower Laguna Madre or offshore Gulf waters. An impressive approx. 2,000 SF waterfront deck offers plenty of room for entertaining, fishing and enjoying the marina views. Serious anglers will appreciate the new fish-cleaning station, double rod-washing stations, 400-lb ice machine, green nighttime fishing light and secure climate-controlled tackle room. Improvements include a new 30-year roof, refreshed kitchen with painted cabinetry, granite countertops and new range, remodeled upstairs baths with custom walk-in tile showers, fresh interior paint, new mattresses and bedding, updated furniture, new TVs throughout and a thoroughly serviced HVAC system. Port Mansfield is approx. 25 minutes from Raymondville, 45 minutes from Harlingen and 1 hour 15 minutes from South Padre Island by road—or about an hour by boat. The jetties are only a 15-20 minute boat ride away. Fully furnished, extensively improved and 100% dialed in—just show up and enjoy!

Investor Tools

$0Estimated Mortgage Balance
$1,131,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

Interested in this property?

Eric Bluntzer

United Country RE-Bluntzer RE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$898/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,121
$229,741
2025
$18,428
$211,313
$229,741
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,121
$229,741

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,131,000
100%
0%
$0/mo

City: Port Mansfield