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$249,900

7477 State Highway 361 103, Port Aransas, TX, 78373

$275,500 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths873 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$286.25 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Free Standing Range, Disposal, Microwave, Refrigerator, Dryer, Washer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesHot Tub Spa
Lot Size5,097 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4915-0000-0101
SubdivisionMayan Princess
Land UseResidential
Legal DescriptionMAYAN PRINCESS UNIT 101, .0166901 COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$50,019
Assessed Improvement Value$298,217
Assessment Year2025

About this property

Enjoy relaxed coastal living at The Mayan Princess on Mustang Island. This beautifully furnished 1-bedroom, 1-bath condo offers the perfect blend of comfort and resort-style amenities, ideal as a personal retreat or income-producing investment. Located on the first floor for easy access with no stairs or elevators, the unit features an open-concept layout filled with natural light and stylish coastal touches throughout. While Gulf views are limited from this ground-level unit, you are just steps from the beach via a private boardwalk. The condo comfortably sleeps up to four guests with a private bedroom and a built-in bunk area in the living room. Enjoy premier on-site amenities including three sparkling pools, one heated and a children’s pool, along with a hot tub, swim-up cabana, and recreational activities such as water volleyball, sand volleyball, and horseshoes. This unique 60-unit resort is known for its striking architecture and lush, palm-lined landscaping, ideally located between Port Aransas and North Padre Island, offering a peaceful setting with easy access to local dining, shopping, and attractions. Short-term rentals are permitted, providing excellent income potential, and monthly HOA dues cover water, sewer, trash, cable, Wi-Fi, and exterior and grounds maintenance. Schedule your private showing or view the virtual tour today.

Investor Tools

$84,766Estimated Mortgage Balance
$341,234Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$275,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,556 /month
Positive
Cash Flow Estimate:
$852 /month

Interested in this property?

Claudia Butler

Kuper Sotheby's Intl Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$690/month
$894/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,147
$348,236
2025
$50,019
$298,217
$348,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,147
$348,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ubs Bank Usa
Conventional
$96,000
No
First
Jul 10, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,766
$341,234
80%
20%
$576/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$1,470/mo
+$20/mo
4.2%

City: Port Aransas

7477 State Highway 361 103 | Property Details | No Agent List