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$469,159

NAL Estimated Property Value

7477 State Highway 361 502, Port Aransas, TX, 78373

$497,023 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,511 Sq Ft
price_per_sqft$429.52 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Dryer, Washer
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size6,534 sqft

Building Information

Year Built1984
Roof Type172

Land Information

APN4915-0000-0307
SubdivisionMayan Princess
Land UseResidential
Legal DescriptionMAYAN PRINCESS, UNIT 307, 0.021384 COMMON AREA INTEREST
Census Tract006205
Assessed Land Value$64,082
Assessed Improvement Value$405,077
Assessment Year2025

About this property

AMAZING PANORAMIC OCEAN VIEWS can be yours at this fabulous two-story Mayan Princess penthouse. This unit was completely remodeled after Hurricane Harvey and blends the original charm of the Mayan with modern decor and functionality. As you enter, you're greeted with a full ocean view through the front window wall. The first floor features an open-concept living/dining area with plank tile floors, coastal decor, a half bath with a laundry closet, and a full kitchen with solid surface counters, a custom tile backsplash, and stainless appliances. The living area opens to a large balcony overlooking the resort pool complex with miles of ocean views. Upstairs, you'll find the master suite with another stunning window wall and balcony for waking up to the waves. The ensuite features a soaking tub with a ceiling-mounted tub filler, a walk-in shower, and two closets. The guest bedroom has its own bath with walk-in shower. Sold furnished. The Mayan Princess has pools, a hot tub, a game room, a beach boardwalk, a game room, and other amenities. Short-term vacation rentals are allowed and owners may self-manage or choose from a selection of approved rental management companies. This condo has a solid history of rental income making it a perfect choice for an investment property or vacation home.

Investor Tools

Property Icon
$469,159
Estimated Property Value
$0Estimated Mortgage Balance
$469,159Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$497,023
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,894 /month
Positive
Cash Flow Estimate:
$1,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,065/month
$1,445/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,440
$469,159
2025
$64,082
$405,077
$469,159
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,440
$469,159

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$469,159
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$1,445/mo
+$45/mo
3.8%

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: Port Aransas

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7477 State Highway 361 502 | Property Details | No Agent List